Powder Metallurgy Market 2021 Analysis by Global Manufacturers - ATI, Carpenter Technology Corporation, Catalus Corporation, COMTEC MFG. Inc., Sumitomo Electric Industries Ltd

The Global Powder Metallurgy Market Report 2021-2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Powder Metallurgy data that enhances the understanding, scope, and application of this report. The study includes market share analysis and profiles of players such as ATI, Carpenter Technology Corporation, Catalus Corporation, COMTEC MFG. Inc., Fine-Sinter Co. Ltd, Fukuda Metal Foil & Powder Company, HC Stark GmbH, Hitachi Chemical Co. Ltd, Hoganas AB, Horizon Technology Inc., Melrose Industries PLC, Miba AG, Perry Tool & Research Inc., Phoenix Sintered Metals LLC, Precision Sintered Parts, Sandvik AB, Sumitomo Electric Industries Ltd, and others.

The market for powder metallurgy is expected to register a CAGR of more than 4%, during the forecast period.

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Key Market Trends:

Automotive Application to Dominate the Market

- Powder metal parts showcase excellent controlled porosity and self-lubricating properties that enable them to filter gases and liquids. For this reason, powder metallurgy is a highly recommended process in fabricating parts that require intricate bends, depressions, and projections.
- Flexibility to develop mechanical parts with diverse composition, such as metals-nonmetals and metal-metal combination, enables the production of automotive parts with high dimensional accuracy and ensures consistent properties and dimensions with very little waste and material wastage.
- The bearings and gears are the most common vehicle parts, which are made through powder metallurgy process. Moreover, it is used in wide number of parts in a vehicle, including chassis, steering, exhaust, transmission, shock absorber parts, engine, battery, seats, air cleaners, brake disc, etc.
- A variety of metals, including ferrous (iron, steel, alloy steel, stainless steel), and non-ferrous (copper, bronze, aluminum and titanium alloys) are used in automotive components. The focus of the usage of powder metallurgy is to improve the net shape, utilize heat treatment, and special surface treatment and improve precision.
- Owing to such factors the demand for powder metallurgy in automotive sector is increasing.

Asia-Pacific to Dominate the Market

- Asia-Pacific has emerged as one of the key powder metallurgy markets and a key destination for the powder metallurgy producers, due to its economic development, along with the increasing disposable income.
- The positive economic growth trends in countries, such as China, India, and Japan, have boosted the demand for powder metallurgy products and applications in recent years.
- With the increasing demand from end-user industries and due to the strong economic rise, China is expected to be one of the fastest-growing markets for powder metallurgy, followed by Japan and Korea.
- For instance, the number of manufacturing plants in the country is increasing with investments from manufacturers across the world. This is expected to increase the demand for powder metallurgy in the production of machinery and tools.
- One of the upcoming manufacturing plants in the country is: AGC is planning to establish a new production plant at Suzhou Industrial Park to produce large, 3D/complex-shaped cover glass for car-mounted displays.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Powder Metallurgy Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.                      

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