Press release
Powder Metallurgy Market Growth Statistics, Size Estimation, Emerging Trends, Outlook to 2031
Transparency Market Research delivers key insights on the global powder metallurgy market. In terms of revenue, the global powder metallurgy market is estimated to expand at a CAGR of 7.7% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global powder metallurgy market.
๐๐๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ -https://www.transparencymarketresearch.com/powder-metallurgy-industry.html
The global powder metallurgy market is broadly affected by several factors, including rise in usage of powder metallurgy in the automotive industry. Increase in usage of electrical and electronic products in households and offices is also likely to boost the powder metallurgy market in the near future.
Powder Metallurgy Market: Dynamics
The rise in demand for automotive components made from powder metallurgy is expected to the drive the powder metallurgy market in the near future. Development in technology and increase in use of powdered metals in electronic devices such as electric car battery and sintered parts for various electronic gadgets are estimated to boost the powder metallurgy market during the forecast period.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3468
Most of the aerospace components depend on powder metallurgy due to rise in demand for controlled porosity, high heat capacity, and high modulus of elasticity. Increase in demand for thermoplastic components in the aerospace industry is augmenting the demand for powder metallurgy.
The powder metallurgy market is expected to be driven by the increase in usage of additive manufacturing in medical, automotive, and aerospace & defense industries. Powder metal manufacturing has become a popular method for producing small components used in medical devices due to advantages such as volume, speed, low waste, and surface finish.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=3468
Increase in population and rapid urbanization in Asia Pacific; and rise in need for improved infrastructure are anticipated to play a crucial role in the expansion of the powder metallurgy market.
Powder Metallurgy Market: Prominent Regions
Based on region, the global powder metallurgy market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the global powder metallurgy market in 2020. The region is expected to maintain its dominance during the forecast period. Dominance of Asia Pacific can be ascribed to the increase in infrastructure and construction activities in China and India in the region.
The powder metallurgy market in Europe is also expected to expand significantly during the forecast period. Large size of end-use industries in Latin America and Europe is likely to augment the powder metallurgy market in these regions during the forecast period. Rise in demand for powder metallurgy in various applications is also likely to boost the powder metallurgy market in these regions in the next few years.
Powder Metallurgy Market: Key Players
The global powder metallurgy market is fragmented, with the presence of large numbers of players. Key players operating in the global powder metallurgy market are GKN Sinter Metal Engineering GmBH, Sumitomo Electric Industries, Ltd H.C. Starck Tungsten Powders, Sandvik AB, Showa Denko Materials Co., Ltd, Advanced Powders & Coatings, ExOne GmbH, and Materialise.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=3468
๐๐ฅ๐จ๐๐๐ฅ ๐๐จ๐ฐ๐๐๐ซ ๐๐๐ญ๐๐ฅ๐ฅ๐ฎ๐ซ๐ ๐ฒ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
Powder Metallurgy Market, by Material
Iron Powder
Steel Powder
Nonferrous Powder
Aluminum
Copper
Nickel
Cobalt
Tungsten
Titanium
Chromium
Molybdenum
Powder Metallurgy Market, by End-use
Automotive
Electrical & Electronics
Industrial
Aerospace
Others (Cosmetic, Nutritional, and Decorative)
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
Liquid Polybutadiene [LPBD] Market - https://www.globenewswire.com/news-release/2022/10/03/2526527/0/en/Liquid-Polybutadiene-LPBD-Market-to-Grow-at-5-CAGR-during-Forecast-Period-TMR-Study.html
Smart Polymers Market - https://www.accesswire.com/718718/Smart-Polymers-Market-to-Reach-US-27-Bn-by-2030-TMR-Study
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
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Suite 1200, Wilmington, Delaware 19801 USA
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