Press release
Powder Metallurgy Market Key Players, Industry Overview and Forecast Analysis 2021-2031
๐๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ - 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.
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐๐๐ฅ๐ฎ๐๐๐ฅ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐จ๐ฎ๐ซ ๐๐จ๐ฐ๐๐๐ซ ๐๐๐ญ๐๐ฅ๐ฅ๐ฎ๐ซ๐ ๐ฒ ๐๐๐ซ๐ค๐๐ญ : 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.
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐จ๐ฎ๐ซ ๐๐จ๐ฐ๐๐๐ซ ๐๐๐ญ๐๐ฅ๐ฅ๐ฎ๐ซ๐ ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ : 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.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
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
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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
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