Powder Metallurgy Market Growth Set To Surge Significantly During 2023-2032 : Carpenter Technology Corporation, ExOne GmbH, GKN PLC., Hoganas AB, Materialize NV

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the powder metallurgy market report by The Business Research Company, the increasing adoption of additive manufacturing is expected to drive the growth of the powder metallurgy market going forward. Additive manufacturing, also called 3D printing, is a computer-controlled process of manufacturing 3D objects by depositing repetitive layers of monomeric materials. Additive manufacturing is an important aspect of powder metallurgy. In an Additive manufacturing process, metal powders or metal alloy powders are used creates objects layer upon layer. The adoption of additive manufacturing required more metal powers which increase the demand for powder metallurgy.

The global powder metallurgy market size grew from $3.54 billion in 2022 to $3.97 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The powder metallurgy market size is expected to grow to $6.03 billion in 2027 at a CAGR of 11.0%.

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Major competitors in the powder metallurgy market are Carpenter Technology Corporation, ExOne GmbH, GKN PLC., Hoganas AB, Materialize NV, BASF SE, GKN Sinter Metals Engineering Gmb, Melrose Industries PLC, Sumitomo Electric Industries Ltd., Phoenix Sintered Metals LLC.

The powder metallurgy market is segmented -

• By Material: Titanium, Nickel, Steel, Aluminum, Cobalt, Other Materials

• By Process: Additive Manufacturing, Metal Injection Molding, Powder Metal Hot Isostatic Pressing

• By Type: Ferrous, Non-Ferrous

• By Application: Aerospace and Defense, Automotive, Medical and Dental, Oil and Gas, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the powder metallurgy market.

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The powder metallurgy market includes revenues earned by entities by iron powder, steel powder, and nonferrous powder. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The Table Of Content For The Powder Metallurgy Market Include:
1. Executive Summary
2. Powder Metallurgy Market Characteristics
3. Powder Metallurgy Market Trends And Strategies
4. Powder Metallurgy Market - Macro Economic Scenario
5. Powder Metallurgy Market Size And Growth
6. Powder Metallurgy Market Segmentation
………
27. Powder Metallurgy Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Powder Metallurgy Market
29. Powder Metallurgy Market Future Outlook And Potential Analysis
30. Appendix

The "Global Powder Metallurgy Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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