Emerging Trends to Reshape the Powder Metallurgy Parts Market: Innovation In Powder Metallurgy With Enhanced Compaction Efficiency And Sustainable Solutions as a Key Influencer

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Powder Metallurgy Parts Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for powder metallurgy parts has seen significant expansion in the past few years. The market is anticipated to rise from $23.87 billion in 2024 to $25.08 billion in 2025, marking a compound annual growth rate (CAGR) of 5.0%. The surge during the historical period can be credited to factors such as the demand from the automotive industry, economical production processes, advancements in metal powder, environmental health, and growth in end-use industries.

Powder Metallurgy Parts Market Size Forecast: What's the Projected Valuation by 2029?
The market size of powder metallurgy parts is anticipated to witness substantial growth in the coming years. By 2029, it is projected to reach $31.23 billion, growing at a compound annual growth rate (CAGR) of 5.6%. Influencing factors during the forecast period include the expansion of the electric vehicle market, a surge in customization and intricate geometries, an upswing in aerospace applications, a growing demand for lightweight materials, and an increasing adoption in the healthcare industry. Noteworthy trends during this period will be the employment of tungsten alloys, adherence to quality standards and certification, worldwide supply chain complications, cooperative R&D efforts, and an escalation in the production of electric vehicles.

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What Are the Drivers Transforming the Powder Metallurgy Parts Market?
The surge in demand for electric vehicles globally is anticipated to stimulate the expansion of the powder metallurgy parts market in the future. These vehicles, which can be wholly or partially powered by electricity, operate on an electric engine instead of the traditional combustion one. Essential components in these electric engines, such as soft magnetic parts, are produced using powder metallurgy, which helps prevent lamination risks. Therefore, the increased preference for electronic vehicles will subsequently boost the demand for powder metallurgy parts. For example, data from the International Energy Agency, a France-based independent intergovernmental organization, indicates more than 10 million electric cars were purchased globally in 2022. Furthermore, the sales are expected to rise by an impressive 35% in 2023, hitting the 14 million mark. Consequently, the escalating demand for electric vehicles is a key driver in the growth of the powder metallurgy parts market.

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What Long-Term Trends Will Define the Future of the Powder Metallurgy Parts Market?
Primary businesses in the powder metallurgy parts market are honing in on product advancements, specifically bonded mix solutions, to boost compaction efficiency. This ultimately allows for the creation of bigger, more intricately constructed parts boasting a superior distribution of density and a decrease in material waste. A bonded mix solution improves compaction effectiveness by offering a high apparent density and exceptional filling performance, eliminating the need for metal stearates. For example, Höganäs AB, a powdered metals manufacturer based in Sweden, introduced Starmix Nova in October 2024. This new bonded mix solution is designed to increase compaction efficiency through a high apparent density and superior filling performance, without the need for metal stearates. This innovative solution allows for the manufacture of larger, geometrically complex components with enhanced density distribution while also prolonging tool lifespan and promoting cleaner, more eco-friendly sintering implementations.

Which Segments in the Powder Metallurgy Parts Market Offer the Most Profit Potential?
The powder metallurgy parts market covered in this report is segmented -

1) By Product: Ferrous Metals, Non-Ferrous Metals
2) By Fabrication Method: Pressure-Based, Sinter-Based, Hybrid
3) By Application: Industrial, Automotive, Healthcare, Electrical And Electronics, Other Applications

Subsegments:
1) By Ferrous Metals: Iron Powder, Steel Powder, Stainless Steel Powder
2) By Non-Ferrous Metals: Aluminum Powder, Copper Powder, Titanium Powder, Nickel Powder

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Which Firms Dominate the Powder Metallurgy Parts Market by Market Share and Revenue in 2025?
Major companies operating in the powder metallurgy parts market include Sumitomo Electric Industries Ltd., Allegheny Technologies Inc., AMETEK Inc., Carpenter Technology Corporation, Daido Steel Co. Ltd., Diamet Corporation, DOWA Electronics Materials Co. Ltd., Eramet SA, H C Starck GmbH, Hitachi Chemical Co. Ltd., JFE Steel Corporation, Kennametal Inc., Miba AG, PMG Holding GmbH, Rio Tinto Metal Powders, Allied Sinterings Inc., American Sintered Technologies, AMES Reese Inc., Atlas Pressed Metals, Baxter Machine & Tool Co., Burgess-Norton Manufacturing Co., Catalus Corporation, Cloyes Gear & Products Inc., Compax Inc., Engineered Sintered Components Company, fine-sinter Co. Ltd., FMS Corporation, GKN Sinter Metals, Gorham Inc., Hittco Tools Limited, Hoeganaes Corporation, Horizon Technology, Keystone Powdered Metal Company, Liberty Pressed Metals LLC, Melrose Industries PLC, Metal Powder Products Company, Metaldyne Performance Group, Metco Industries Inc., NetShape Technologies Inc.

Which Regions Offer the Highest Growth Potential in the Powder Metallurgy Parts Market?
North America was the largest region in the powder metallurgy parts market in 2024. The regions covered in the powder metallurgy parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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