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 Overview:

The current condition of terminologies, segments, functions, and industry value chain structure was examined in the Powder Metallurgy Market Research Report. The report offers unbiased expert commentary on the current market situation, previous financial position, consumption patterns rates, demand and supply ratios, and revenue generation estimates for the forecasted time. The Powder Metallurgy market report also includes information on the strategic aspirations and company growth plans of the major organizations in the Powder Metallurgy sector. Mergers and acquisitions, government and private sector transactions, partnerships and collaborations, joint projects, brand marketing, and product launches are some of the approaches studied. To summarise what has been mentioned so far, the study presents a complete picture of the Powder Metallurgy market on both the global and regional levels.

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Market Scope:

Mergers and acquisitions, government and private sector transactions, partnerships and collaborations, joint projects, brand marketing, and product launches are some of the approaches studied. To summarise what has been mentioned so far, the study presents a complete picture of the Powder Metallurgy market on both the global and regional levels.

Drivers:

Powder metallurgy is becoming more popular as demand for thermoplastic components in the aerospace sector grows. In the automobile sector, power metallurgy is a widely utilised method. The powder metallurgy market growth is driven by expansion and innovation in the field of automotive industry. Powder metallurgy applications in the automobile sector are gradually increasing, since powder metallurgy is often regarded as a cost-effective alternative to machined or cast parts. The growing awareness in numerous emerging nations to increase fuel efficiency is boosting the need for powder metallurgy in the automobile sector.

Segmentation:

by Material

• Non-Ferrous
• Ferrous
• Others

by Application

• Electrical and Electronics
• Business Machines
• Automotive
• Aerospace
• Others

by Metals

• Titanium
• Steel
• Nickel
• Aluminum
• Others

by Manufacturing Process

• Additive Manufacturing
• Powder bed
• Blown powder
• Metal injection molding
• Power metal hot isostatic pressing
• Others

Key Players:

The major players covered in the Powder Metallurgy market report are

• 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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Regional Analysis:

The region portion of the research also provides key market impacting components and changes in market regulatory oversight that have an impact on the market's current and future trends. New deals, substitute sales, national demography, regulatory actions, and import-export taxes are some of the major variables used to forecast the market situation for different areas.

COVID-19 Impact Analysis on Powder Metallurgy Market:

The COVID-19 outbreak has had a significant impact on the global Powder Metallurgy industry. Due to the worldwide slump and a lack of employees, Powder Metallurgy manufacturing plants have been halted. The COVID-19 epidemic has caused a significant and long-term drop in production utilization, while travel prohibitions and facility closures have kept personnel away from their workplaces, causing the Powder Metallurgy market to slow down in 2020.

Key Questions Answered in the Powder Metallurgy Market Report are:

Which segment had the largest share in the Powder Metallurgy market?
How was the competitive scenario of the Powder Metallurgy market in 2020?
Which are the key factors responsible for the Powder Metallurgy market growth?
Which region held the maximum share in the Powder Metallurgy market in 2020?