Powder Metallurgy Market Share, Trends, and Growth Report 2023-2028

 IMARC Group, a leading market research company, has recently releases report titled “Powder Metallurgy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global powder metallurgy market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights


How Big is the Powder Metallurgy Market?


The global powder metallurgy market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2028, exhibiting a growth rate (CAGR) of 9.7% during 2023-2028.


What is Powder Metallurgy?


Powder metallurgy (PM) is an energy-saving advanced process that provides design flexibility and enhanced performance compared to conventional producing methods. It involves synthesizing, processing, and shaping different materials. It also offers numerous benefits, such as reducing scrap losses and machining, producing good surface finish, permitting a wide variety of alloy systems, and facilitating the manufacture of unique or complex shapes. In addition, it is used to produce inert machine parts, including gears, bearings, bushings, rotors, and magnets while saving time, money, and effort. Owing to these properties, powder metallurgy finds extensive applications in the electronics, aerospace, automotive, medical, and dental industries across the globe.


Request your free sample copy of this report: https://www.imarcgroup.com/powder-metallurgy-market/requestsample


What are the growth prospects and trends in the powder metallurgy industry?


The market is primarily driven by the expanding automotive industry and the surging demand for PM to produce lightweight materials, cars, and alternative energy sources via metal powder forging, heated compaction, and injection molding. In addition, PM assists in the manufacturing of materials with a high melting point.

As a result, it is used in copiers, postage meters, hunting knives, hydraulic assemblies, fuel cells, X-ray shielding, hardware, washing machines, power tools, and oil and gas drilling well-head components. Moreover, the increasing adoption of 3D printing or additive manufacturing (AM) and the growing utilization of titanium in the aerospace industry to produce aircraft parts represent another major growth-inducing factor.

Other factors, including various technological advancements, extensive investments in research and development (R&D) activities, and rising disposable incomes of individuals, are also creating a positive market outlook across the globe.


What is included in market segmentation?

The report has segmented the market into the following categories:


Breakup by Type:

  • Ferrous
  • Non-Ferrous

Breakup by Material:

  • Titanium
  • Steel
  • Nickel
  • Aluminum
  • Others

Breakup by Manufacturing Process:

  • Additive Manufacturing
  • Powder Bed
  • Blown Powder
  • Metal Injection Molding
  • Powder Metal Hot Isostatic Pressing
  • Others

Breakup by Application:

  • Automotive
  • Aerospace
  • Electrical and Electronics
  • Oil and Gas
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?


The report covers the major market players including:

BASF SE, Carpenter Corporation, Catalus Corporation, Comtec Mfg.Inc., Fine Sinter Co. Ltd., Horizon Technology Inc., Melrose Industries PLC, Perry Tool & Research Inc., Phoenix Sintered Metals LLC, Precision Sintered Parts LLC, Sandvik AB and Sumitomo Electric Industries Ltd.


Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=5152&flag=C


If you require any specific information that is not covered currently within te scope of the report, we will provide the same as a part of the customization.


About Us


IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.


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