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    Powder Metallurgy Market Report

    Powder Metallurgy Market Report
    Report code - SR1589 Delivery - 2 Weeks
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    Powder Metallurgy Market Size, Share, Trend, Forecast, & Industry Analysis – 202 See more...

    Market Insights

    Powder Metallurgy Market is likely to witness a CAGR of 11.0% during the forecast period. Major factors such as increasing adoption of additive manufacturing coupled with the growing demand for lightweight components or parts in the aerospace, defense, and automotive sectors is expected to drive the growth of the market during the forecast period. In addition, powder metallurgy is a cost-effective process for manufacturing simple as well as complex shapes, having advantages over conventional processes. With powder metallurgy offering favorable surface finish, controlled porosity, low scrap generation, high production rate, and excellent wear resistance, the market is likely to experience favorable gains over the forecast period.

    Powder Metallurgy Market – Snapshot

    Growth

    11.0% for the next five years

    Major Material Type

    Steel

    Major Process Type

    Powder Metal Hot Isostatic Pressing (PM HIP)

    Major Application Type

    Aerospace & Defense

    Region with the highest demand

    North America

    Key Players

    Advanced Technology & Materials Co., Ltd., CRS Holdings Inc., GKN Plc., Hitachi Chemical Company Ltd., Höganäs AB, Molyworks Materials Corporation, Rio Tinto Metal Powders, Rusal, Sandvik AB, Sumitomo Electric Company Ltd.

    Segments' Analysis

    Powder Metallurgy Market Share: By Material Type

    Based on the material type, the market is segmented as titanium, nickel, steel, aluminum, cobalt, and others. Steel is expected to hold the major share of the market during the forecast period owing to its easy availability and low cost. In addition, the increasing use of steel powder for various applications in different industries is expected to drive the growth of the segment over the forecast period. 

    Powder Metallurgy Market Share: By Process Type

    Based on the process type, the market is segmented as additive manufacturing, metal injection molding, and powder metal hot isostatic pressing. The powder metal hot isostatic pressing process type is expected to register substantial growth during the forecast period. The growth of the segment is driven by the increasing demand from the component manufacturing industry. Furthermore, the strong combination of enhanced raw materials coupled with the higher machining efficiency offered by PM HIP is likely to boost its demand over the forecast period.

    Powder Metallurgy Market Share: By Application Type

    Based on the application type, the market is segmented as aerospace & defense, automotive, medical & dental, oil & gas, and industrial. The aerospace & defense application segment is estimated to account for the major share of the market during the forecast period. The aerospace & defense industry's ability to endure high initial costs and its adaptability to new technologies are driving the segment's growth. Furthermore, the use of various technologies in the market is likely to be driven by an innovative aerospace approach supported by the demand for complex geometric structures, consequently driving the growth of the segment over the forecast period.

    Powder Metallurgy Market Share: By Region

    In terms of regions, North America is estimated to be the leading region in the powder metallurgy market during the forecast period. The growth of the region’s market is owing to the high demand for powder metallurgy process from the aerospace & defense industry. Furthermore, the presence of major government and private aerospace companies coupled with high defense spending in the U.S. is expected to drive the growth of the regional market over the forecast period. Also, Europe and Asia-Pacific are expected to offer substantial growth opportunities during the forecast period.

     

    Market Scope & Segmentation

    Powder Metallurgy is a low-cost process of manufacturing both simple and complex shapes. It offers advantages over traditional processes. This process provides favorable surface finish, controlled porosity, low scrap generation, high production rate, and excellent wear resistance.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Powder Metallurgy Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The powder metallurgy market is segmented into the following categories.

    Powder Metallurgy Market Size, Share, & Forecast, by Material Type:

    • Titanium (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Nickel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aluminum (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cobalt (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Powder Metallurgy Market Size, Share, & Forecast, by Process Type:

    • Additive Manufacturing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Metal Injection Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Powder Metal Hot Isostatic Pressing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Powder Metallurgy Market Size, Share, & Forecast, by Application Type:

    • Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medical & Dental (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Powder Metallurgy Market Size, Share, & Forecast, by End-User Type:

    • OEMs (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • AM Operators (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Powder Metallurgy Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Key Players

    Some of the key players in the powder metallurgy market are-

    • Advanced Technology & Materials Co., Ltd.
    • CRS Holdings Inc.
    • GKN Plc.
    • Hitachi Chemical Company Ltd.
    • Höganäs AB
    • Molyworks Materials Corporation
    • Rio Tinto Metal Powders
    • Rusal
    • Sandvik AB
    • Sumitomo Electric Company Ltd.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the process types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The powder metallurgy market is expected to witness an impressive growth of 11.0% CAGR in the coming years.

    Advanced Technology & Materials Co., Ltd., CRS Holdings Inc., GKN Plc., Hitachi Chemical Company Ltd., Hgans AB, Molyworks Materials Corporation, Rio Tinto Metal Powders, Rusal, Sandvik AB, Sumitomo Electric Company Ltd are among the key players in the powder metallurgy market.

    Steel is expected to hold the major share in the powder metallurgy market in the next five years.

    The powder metal hot isostatic pressing process type is expected to register substantial growth in the powder metallurgy market in the coming five years.

    The aerospace & defense application segment is expected to account for the major share in the powder metallurgy market in the foreseeable years.

    North America is expected to be the leading powder metallurgy market during the forecast period.