Powder Metallurgy Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The process of creating various types of components from metal powders is known as powder metallurgy. It is customary to create filters with higher strength and impact resistance. Metallurgy is also used to create cutting tool inserts as well as machine parts such as rotors, gears, bushings, bearings, and magnets.

MARKET DYNAMICS

The rising use of additive manufacturing in the medical, automotive, aerospace, and defense industries is expected to drive the market. The powder metallurgy market is being propelled forward by the growing demand for powder metallurgy in automotive components production. Because of increased investments in technologies in the aerospace and automotive industries in developed countries, North America has the largest powder metallurgy market share. Due to concerns about reducing vehicle weight and increasing fuel economy, growth for powder metallurgy parts in automobiles is expected to accelerate during the forecast period.

MARKET SCOPE

The "Global Powder Metallurgy Market Analysis to 2031" is a specialized and in-depth study of the chemical and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the Powder metallurgy market with detailed market segmentation by type and application. The global Powder metallurgy market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Powder metallurgy market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global Powder metallurgy market is segmented into type and application. By type, the Powder metallurgy market is classified into ferrous- pure Iron, carbon steel, others and non-ferrous- copper, nickel, zinc, aluminum, lead, others. By application, the Powder metallurgy market is classified into automotive, industrial machinery, aerospace, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global Powder metallurgy market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The Powder metallurgy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the Powder metallurgy market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Powder metallurgy in these regions.

MARKET PLAYERS

The report covers vital developments in the Powder metallurgy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the Powder metallurgy market are anticipated to lucrative growth opportunities in the future with the rising demand for Powder metallurgy in the global market. Below mentioned is the list of few companies engaged in the Powder metallurgy market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Powder metallurgy market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   GENERAL ELECTRIC
  
•   CRS Holdings Inc.
  
•   ExOne GmbH
  
•   Melrose Industries PLC
  
•   Höganäs AB
  
•   Hitachi Chemical Company Ltd
  
•   GKN Sinter Metals Engineering GmbH
  
•   Sumitomo Electric Company Ltd.
  
•   Fine Sinter Company Ltd
  
•   Schunk Group
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Powder Metallurgy Report Scope