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Powder Metallurgy Market Key Players, Industry Overview and Forecast Analysis 2021-2031

06-21-2024 09:25 AM CET | Chemicals & Materials

Press release from: Transparency Market Research

Powder Metallurgy Market Key Players, Industry Overview

Powder metallurgy (PM) is a metalworking process that utilizes metal powders to create complex and near-net shape components. It offers advantages like high precision, material efficiency, and design flexibility, making it an attractive alternative to traditional casting and machining techniques.

๐‘๐ž๐š๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ - https://www.transparencymarketresearch.com/powder-metallurgy-industry.html

Market Size and Growth

Powder Metallurgy Market is expected to surpass the value of US$ 14.4 bn by the end of 2031, expanding at a CAGR of 7.7% during the forecast period 2021 - 2031

Market Segmentation

The powder metallurgy market can be segmented based on various factors:

By Service Type: Mixing, compaction, sintering, secondary operations (finishing)
By Sourcing Type: Captive (in-house production) and Merchant (external suppliers)
By Application: Automotive parts (gears, engine components), structural parts (business machines), consumer goods (tools, hardware), medical implants
By Industry Vertical: Automotive, aerospace & defense, consumer goods, medical & dental, electronics
By Region: North America, Europe, Asia Pacific, Rest of the World (RoW)

Regional Analysis

The Asia Pacific region currently holds the dominant share in the powder metallurgy market, driven by the burgeoning automotive and consumer goods sectors in countries like China and India. However, North America and Europe are also expected to witness significant growth due to advancements in PM technologies and a growing focus on lightweighting in transportation.

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐•๐š๐ฅ๐ฎ๐š๐›๐ฅ๐ž ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐จ๐Ÿ ๐จ๐ฎ๐ซ ๐๐จ๐ฐ๐๐ž๐ซ ๐Œ๐ž๐ญ๐š๐ฅ๐ฅ๐ฎ๐ซ๐ ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ : https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3468

Market Drivers and Challenges

Drivers:

Increasing demand for lightweight and fuel-efficient vehicles
Need for complex and near-net shape components
Rising adoption of PM in additive manufacturing (3D printing)
Growing infrastructure development projects

Challenges:

High initial setup costs for PM equipment
Fluctuations in raw material prices
Stringent environmental regulations

Market Trends

Integration of automation and digitalization in PM processes
Development of new and advanced metal powders
Growing focus on sustainability and energy efficiency
Rising demand for PM parts in medical and dental applications

Future Outlook

The future of the powder metallurgy market appears promising. With continuous advancements in technology, PM is expected to cater to an even wider range of applications across various industries. The growing adoption of PM in 3D printing and the increasing demand for lightweight components in various sectors will further propel market growth.

Key Market Study Points

The rise of the automotive industry, particularly electric vehicles, will significantly impact the PM market.
Advancements in metal injection molding (MIM) technology will open new avenues for complex component creation.
Stringent environmental regulations will drive the development of eco-friendly PM processes.

๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐จ๐ฎ๐ซ ๐๐จ๐ฐ๐๐ž๐ซ ๐Œ๐ž๐ญ๐š๐ฅ๐ฅ๐ฎ๐ซ๐ ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ : https://www.transparencymarketresearch.com/checkout.php?rep_id=3468<ype=S

Competitive Landscape

The powder metallurgy market is moderately fragmented with a presence of established players as well as regional competitors. Some of the key players include GKN, Sumitomo Electric Industries, Hitachi Chemical, Fine Sinter, Miba AG, and Hoganas AB.

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก -

Water-based Inks Market : https://www.globenewswire.com/news-release/2023/09/15/2743926/32656/en/Water-based-Inks-Market-Size-to-Hit-USD-12-billion-by-2031-Expanding-at-a-CAGR-of-3-1-TMR-Report.html

Glycerol Carbonate Market - https://www.globenewswire.com/news-release/2023/09/14/2743368/32656/en/Glycerol-Carbonate-Market-Size-Share-Surpass-USD-2-5-billion-by-2030-Garnering-7-CAGR-Exclusive-Report-by-Transparency-Market-Research.html

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

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.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ

Transparency Market Research Inc.
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