Powder Metallurgy Market Key Challenges and Growth Analysis 2022

The research report "Powder Metallurgy Market: By Material (Titanium, Nickel, Steel, Aluminum, Cobalt, and others), By Application (Aerospace & Defense, Automotive, Medical & Dental, Oil & Gas, and Industrial), By Process (Additive manufacturing, Metal injection molding, and Powder metal hot isostatic pressuring), By End-user (OEMs and AM Operators), and Geography- Global/Region/Country Forecast to 2028. The global powder metallurgy market size was valued at USD 2.3 billion in 2021 and is poised to grow at a Significant CAGR of 11.7% during 2022-28.

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An overview on the Powder Metallurgy Market:
Powder metallurgy market report aims at covering historic, present and future market sizes of product type, distribution channel and geographic regions. This report studies market dynamics elaborately to identify the latest drivers & trends, possible challenges and future opportunities to the key stakeholders working in the market. Moreover, this market report contains competition analysis and regulatory scenario with vividly illustrated the competition dashboard for evaluating the market competition. This report also covers in-depth insights into the competitor's overview, company share analysis, major market developments as well as their major strategies.

One of the major factors fuelling the powder metallurgy market is the growing demand for powder metallurgy in the automotive components production. The use of powder metallurgy parts in automobiles is anticipated to increase during forthcoming years because of the changing fuel consumption levels throughout the world. Such new laws are anticipated to change the characteristics of several vehicles including the globalization of design and production, the shift in power train design and reduction in vehicle weight. Moreover, developments in electronic product engineering and computer are projected to generate interest in non-ferrous metal powder and growing 3D printing adoption is projected to fuel the market growth. But, high capital investments, the need for costly metal powder feedstocks and complexity in the acquisition of 3D shapes can hamper the market growth. Epson Atmix Corp installed a novel production line at its Kita-Inter Plant in Japan in May 2019 to product amorphous alloy powder.

North America accounted for major share in the Powder Metallurgy Market:
The global powder metallurgy market report aims at providing a complete outlook on powder metallurgy globally by focusing on the leading regions such as Europe, North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Among these regions, North America got larger sales share of 37.3% in 2019 because of the strong presence of key manufacturers in the area; it is anticipated to maintain its dominating position throughout the forecast period. The field also kept the biggest share of 3D printed titanium components in usage.

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Competitive Analysis Powder Metallurgy Market:
Major players working in the powder metallurgy market are Arcam AB, Carpenter Technology Corp, ExOne GmbH, GKN PLC, Höganäs AB and Materialize NV. These players in the market aim at following a few key strategies such as acquisitions, collaborations and new product launches to retain their position in the market.

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