Powder Metallurgy Market Worth USD 32.38 Bn by 2029 Market Analysis, Key Players, Segment Analysis, Growth Opportunities, Challenges, Key Trends, and Regional Analysis
Pune,5, Dec 2022: Maximize Market research has published a market intelligence and industry analysis report on Powder Metallurgy Market The global Powder Metallurgy Market was valued at USD 23.3 billion in 2021, and is expected to be worth USD 32.38 billion by 2029, growing at a CAGR of 4.2% during the forecast period. Research objectives is to offer wide-ranging market statistics with detailed classification along with the respective market size of each segment.
Powder Metallurgy Market Scope and Research Methodology
Secondary research data collections from company annual reports, associations, journals, magazines, regulatory bodies, analyst reports, otherpaid wall source, press releases, conferences, blogs, and newsletters. Primary research research discussion with manufacturers, distributors, suppliers, regulatory associations, end user to validate insights. MMR offers its clients exhaustive research and analysis, based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. In-house industry specialists contribute significantly to the development of analytic tools and models adapted to the needs of a certain market sector. These analytical tools and models condense data and statistics, improving the precision of our suggestions and advise.
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Powder Metallurgy Market Overview
Powder metallurgy is an umbrella term for a range of procedures that utilise metal powders to make materials or components. These technologies can remove or drastically reduce the need for metal removal procedures, resulting in dramatically reduced production yield losses and, in many circumstances, lower pricing. Powder metallurgy is also used to generate unique materials that would be difficult to get through traditional processes of melting or shaping.
Powder Metallurgy Market Dynamics
Powder metallurgy is witnessing high demand from aerospace & defense sector owing to the rising capabilities to reduce aerospace part weight and focus on improving overall efficiency, which otherwise proves costly and time-consuming through the traditional manufacturing process. The ability to print cheaper equipment in less time and on-demand is expected to drive the demand for metal additive manufacturing.
The material used by metal 3D printers to manufacture a range of end-use products includes powder metallurgy, which costs high compared to materials used in traditional production methods. 3D printing technologies are subject to challenges including the consistency of quality, limited multi-material printing capabilities, narrow range of materials, high material costs, size, and scalability.
Powder Metallurgy Market Regional Insights
North America was the largest regional market in 2021 and accounted for market share of 36.5% in terms of revenue. The growth of the region can be attributed heavy penetration of additive manufacturing for aerospace & defense applications. Growing number of joint ventures, increasing acquisitions, and increasing investments by giant companies such as GE and HP for boosting additive manufacturing industry is expected to positively aid the market growth.
Powder Metallurgy Market Segmentation
By Product Type
- Industrial Machinery
- Electrical and Electronics
Powder Metallurgy Market Key Competitors:
- Allegheny Technologies Inc (ATI)
- CRS Holdings Inc.
- GKN PLC
- Catalus Corporation
- COMTEC MFG. Inc.
- Fine-Sinter Co. Ltd
- JSC POLEMA
- Advanced Technology & Materials Co., Ltd. (AT & M)
- Fukuda Metal Foil & Powder Company
- Molyworks Materials Corp.
- HC Stark GmbH
- Showa Denko Materials Co. Ltd.
- Hoganas AB
- Horizon Technology Inc.
- Melrose Industries PLC
- Miba AG
- CRS Holdings Inc.
- Liberty House Group
- Perry Tool & Research Inc.
- Phoenix Sintered Metals LLC
- Precision Sintered Parts
- Sandvik AB
- Rio Tinto Metal Powders
- Sumitomo Electric Industries Ltd
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Key questions answered in the Powder Metallurgy Market are:
- What is Powder Metallurgy?
- What is the nature of competition in the Powder Metallurgy in developed economies and developing economies?
- What are the factors affecting growth in the Powder Metallurgy Market?
- What is the growth rate of the Powder Metallurgy Market during the forecast period?
- What are the factors for the growth of the Asia-Pacific region in the Powder Metallurgy Market?
- Who are the market leaders in Powder Metallurgy in Europe?
- Who are the key players in the Powder Metallurgy Market?
- Who are the market leaders in Powder Metallurgy in India, China, Japan, and South Korea?
- Who are the market leaders in Powder Metallurgy in USA and Canada?
- Who held the largest market share in Powder Metallurgy Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Product Type, Application, and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading Material & Chemical research firm, has also published the following reports:
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Metal-Cutting Machine Market: The Metal-Cutting Machine Market is expected to reach USD 10.29 billion by 2029 at a CAGR of 5.03 percent during the forecast period. The Metal-Cutting Machine Market growth is expected to be driven by the manufacturing industry experiences digital transformation and metal-cutting machine demand in various industries.
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