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Jul 24, 2023

Powder Metallurgy Market Share, Industry Growth, Business Strategy, Trends and Regional Outlook 2029

Powder Metallurgy Market was valued at USD 11.9 Billion in 2021, and it is expected to reach USD 30.19 Billion by 2029, exhibiting a CAGR of 12.27% during the forecast period (2022-2029) Powder

Powder Metallurgy Market was valued at USD 11.9 Billion in 2021, and it is expected to reach USD 30.19 Billion by 2029, exhibiting a CAGR of 12.27% during the forecast period (2022-2029)

Powder Metallurgy Market Report Overview

The latest market intelligence report released by research firm Maximize Market Research highlights the promising growth opportunities for suppliers in the Powder Metallurgy Market during the forecast period until 2029. This Powder Metallurgy Market report encompasses insights into growth catalysts, significant constraints, upcoming hurdles, and existing opportunities within the global market.

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Powder Metallurgy Market Dynamics

The growing need for thermoplastic components in the aircraft industry has increased interest in powder metallurgy. Power metallurgy is a technique that is frequently used in the automotive industry. Growth in the powder metallurgy market is fueled by development and innovation in the automotive sector. Since powder metallurgy is sometimes seen as a more affordable alternative to machined or cast parts, applications in the automotive industry are progressively growing. The need for powder metallurgy in the automotive industry is expanding as a result of the rising awareness of the need to improve fuel efficiency in many emerging nations. The growing demand for lightweight automobiles, lightweight materials, and alternative energy sources via metal injection molding, metal powder forging, and hot compaction is driving the market for powder metallurgy components.

Powder Metallurgy Market Report Scope

The Powder Metallurgy market has undergone a comprehensive analysis on a global, regional, and country level. The report presents an examination of the Powder Metallurgy market dynamics, encompassing drivers, restraints, challenges, and opportunities, both segment-wise and region-wise. This thorough scrutiny equips the report to serve as a valuable guide for investors.

For estimating the Powder Metallurgy market size, a bottom-up approach was adopted. In identifying key players within the Powder Metallurgy market, secondary research was conducted, and their market revenues were ascertained through a combination of primary and secondary research methods. The secondary research involved scrutinizing annual and financial reports of prominent manufacturers, while primary research included interviews with influential opinion leaders and experts in the Powder Metallurgy industry, including front-line professionals, entrepreneurs, and marketing specialists. The SWOT analysis was utilized to highlight the strengths, weaknesses, opportunities, and threats of key players within the Powder Metallurgy industry.

Powder Metallurgy Market Regional Analysis

The growth of the Powder Metallurgy Market in the region is propelled by governmental initiatives and regulatory measures. Within the Powder Metallurgy market report, the geographical context of the market is outlined, encompassing aspects such as market size, share, and a comprehensive exploration of the business network structure, opportunities, and pertinent news updates. The report encompasses a comprehensive coverage of regions, including North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

Powder Metallurgy Market Segmentation

According to material type, the market for ferrous type materials was valued at US$ 5751.70 Mn in 2021 and is anticipated to grow to US$ 11925.23 Mn by 2027. With a value of US $ 2208.60 Mn in 2021 and a predicted growth rate of more than 12.38% CAGR over the projection period, North America region kept the leading position. Asia Pacific had the second leading position in the market with a value of US $1516.90 Mn in 2021, in which China has contributed largest share with a value of 621.19 Mn. In the Asia Pacific area, India, Japan, and South Korea contributed US$ 276.85 million, US$ 269.35 million, and US$ 127.24 million, respectively, in the year 2021.

1 Global Powder Metallurgy Market, by Material (2021-2029)• Non-Ferrous• Ferrous• Others2 Global Powder Metallurgy Market, by Application (2021-2029)• Electrical and Electronics• Business Machines• Automotive• Aerospace• Others3 Global Powder Metallurgy Market, by Metals (2021-2029)• Titanium• Steel• Nickel• Aluminum• Others4 Global Powder Metallurgy Market, by Manufacturing Process (2021-2029)• Additive Manufacturing• Powder bed• Blown powder• Metal injection molding• Power metal hot isostatic pressing• Others

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Powder Metallurgy Market Key Players

• Allegheny Technologies Inc (ATI)• CRS Holdings Inc.• GKN PLC• Catalus Corporation• COMTEC MFG. Inc.• Fine-Sinter Co. Ltd• JSC POLEMA• Advanced Technology & Materials Co., Ltd. (AT & M)• Fukuda Metal Foil & Powder Company• Molyworks Materials Corp.• HC Stark GmbH• Showa Denko Materials Co. Ltd.• Hoganas AB• Horizon Technology Inc.• Melrose Industries PLC• Miba AG• Rusal• CRS Holdings Inc.• Liberty House Group• Perry Tool & Research Inc.• Phoenix Sintered Metals LLC• Precision Sintered Parts• Sandvik AB• Rio Tinto Metal Powders• Sumitomo Electric Industries Ltd

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