The global powder metallurgy market reached a value of US$ 2.58 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 4.63 Billion by 2027 exhibiting a CAGR of 9.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Powder metallurgy (PM) refers to a group of advanced processes that involve synthesizing, processing and shaping different materials. It also comprises mixing metal and reinforcement powders, powder compaction to produce green materials, and sintering, which is generally followed by a deformation process like hot extrusion. As it reduces scrap losses by minimizing or eliminating chip removal, PM finds extensive applications in the aerospace and electronics industries across the globe.
The thriving automotive sector represents one of the key factors bolstering the growth of the market. Moreover, PM enables the manufacturing of materials with a high melting point, which is challenging to produce using the casting method. As a result, it is used in hardware, washing machines, power tools, copiers and postage meters, hunting knives, hydraulic assemblies, fuel cells, X-ray shielding, and oil and gas drilling well-head components. Apart from this, PM is utilized in the production of porous implants that increase the adhesion between the bone tissue and the implant as it is favorable for transporting body fluid. This, along with the increasing adoption of 3D printing or additive manufacturing (AM), is positively influencing the market. Furthermore, there is a rise in the use of aluminum alloys in electric module packaging, electronic technology, automotive body structure, wind, and solar energy management on account of their conductivity and high strength and processability. Besides this, market players operating in the industry are considerably investing in research and development (R&D) activities to propel their overall sales and profitability. Other factors facilitating the growth of the market include technological advancements and the rising number of air travelers around the world.
The publisher provides an analysis of the key trends in each sub-segment of the global powder metallurgy market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, material, manufacturing process and application.
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Carpenter Corporation, Catalus Corporation, Comtec Mfg.Inc., Fine Sinter Co. Ltd., Horizon Technology Inc., Melrose Industries PLC, Perry Tool & Research Inc., Phoenix Sintered Metals LLC, Precision Sintered Parts LLC, Sandvik AB and Sumitomo Electric Industries Ltd.
Powder metallurgy (PM) refers to a group of advanced processes that involve synthesizing, processing and shaping different materials. It also comprises mixing metal and reinforcement powders, powder compaction to produce green materials, and sintering, which is generally followed by a deformation process like hot extrusion. As it reduces scrap losses by minimizing or eliminating chip removal, PM finds extensive applications in the aerospace and electronics industries across the globe.
Powder Metallurgy Market Trends:
The thriving automotive sector represents one of the key factors bolstering the growth of the market. Moreover, PM enables the manufacturing of materials with a high melting point, which is challenging to produce using the casting method. As a result, it is used in hardware, washing machines, power tools, copiers and postage meters, hunting knives, hydraulic assemblies, fuel cells, X-ray shielding, and oil and gas drilling well-head components. Apart from this, PM is utilized in the production of porous implants that increase the adhesion between the bone tissue and the implant as it is favorable for transporting body fluid. This, along with the increasing adoption of 3D printing or additive manufacturing (AM), is positively influencing the market. Furthermore, there is a rise in the use of aluminum alloys in electric module packaging, electronic technology, automotive body structure, wind, and solar energy management on account of their conductivity and high strength and processability. Besides this, market players operating in the industry are considerably investing in research and development (R&D) activities to propel their overall sales and profitability. Other factors facilitating the growth of the market include technological advancements and the rising number of air travelers around the world.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global powder metallurgy market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, material, manufacturing process and application.
Breakup by Type:
- Ferrous
- Non-Ferrous
Breakup by Material:
- Titanium
- Steel
- Nickel
- Aluminum
- Others
Breakup by Manufacturing Process:
- Additive Manufacturing
- Powder Bed
- Blown Powder
- Metal Injection Molding
- Powder Metal Hot Isostatic Pressing
- Others
Breakup by Application:
- Automotive
- Aerospace
- Electrical and Electronics
- Oil and Gas
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Carpenter Corporation, Catalus Corporation, Comtec Mfg.Inc., Fine Sinter Co. Ltd., Horizon Technology Inc., Melrose Industries PLC, Perry Tool & Research Inc., Phoenix Sintered Metals LLC, Precision Sintered Parts LLC, Sandvik AB and Sumitomo Electric Industries Ltd.
Key Questions Answered in This Report:
- How has the global powder metallurgy market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global powder metallurgy market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the manufacturing process?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global powder metallurgy market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Powder Metallurgy Market
What is the estimated value of the Global Powder Metallurgy Market?
What is the growth rate of the Global Powder Metallurgy Market?
What is the forecasted size of the Global Powder Metallurgy Market?
Who are the key companies in the Global Powder Metallurgy Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | March 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 2.58 Billion |
| Forecasted Market Value ( USD | $ 4.63 Billion |
| Compound Annual Growth Rate | 10.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Powder Metallurgy Market
6 Market Breakup by Type
7 Market Breakup by Material
8 Market Breakup by Manufacturing Process
9 Market Breakup by Application
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- BASF SE
- Carpenter Corporation
- Catalus Corporation
- Comtec Mfg.Inc.
- Fine Sinter Co. Ltd.
- Horizon Technology Inc.
- Melrose Industries PLC
- Perry Tool & Research Inc.
- Phoenix Sintered Metals LLC
- Precision Sintered Parts LLC
- Sandvik AB
- Sumitomo Electric Industries Ltd.
Methodology
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