The Global Powder Metallurgy Market study with 132+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyse futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones.
Some of the players studied are BASF SE (Germany), Carpenter Corporation (United States), Comtec Mfg.Inc. (United States), Fine Sinter Co. Ltd. (Japan), Melrose Industries PLC (United Kingdom), Phoenix Sintered Metals LLC (United States), Precision Sintered Parts (United States), Sandvik AB (Sweden), Sumitomo Electric Industries, Ltd (Japan), General Electric (United States), Miba AG (Austria), ExOne (United States), Showa Denko Materials Co., Ltd. (Japan), PMG Holding GmbH (Germany), Siemens (Spain), Shanghai Electric (China), ABB (Switzerland), Hitachi Ltd. (Japan), Others.
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The Global Powder Metallurgy Market was valued at USD Million in 2023 and is expected to reach USD Million by 2029, growing at a CAGR of 12.19% during 2023-2029.
Definition:
According to HTF Market Intelligence, the Global Powder Metallurgy market is expected to see a growth rate of 12.2% and may see the market size of USD4.47 Billion by 2029, currently pegged at USD2.24 Billion. Powder metallurgy is a manufacturing process that involves forming metal or alloy powders into solid components or parts. It is a versatile and cost-effective method for producing complex-shaped parts with specific properties. The basic steps involved in powder metallurgy include:
Powder Production: The first step in powder metallurgy is the production of fine metal or alloy powders. This can be done through various methods such as atomization, mechanical milling, or chemical precipitation. The choice of method depends on the material and properties desired.
Powder Blending: In many cases, different powders are mixed together to create alloys or tailored compositions. The powders are carefully blended to achieve the desired chemical composition and properties.
Market Trends:
As of my last knowledge update in January 2022, the powder metallurgy market had been experiencing several trends and developments. Please note that the market may have evolved since then, and I recommend consulting more recent sources for the latest information. However, I can provide insights into some of the trends that were relevant up to that time:
Advancements in Materials: Powder metallurgy was evolving with the development of new and advanced materials, including high-performance alloys, metal matrix composites, and advanced ceramics. These materials were being used in various industries such as automotive, aerospace, and electronics.
Sustainability and Environmental Concerns: There was a growing emphasis on sustainability and reducing the environmental impact in manufacturing processes. Powder metallurgy is known for its ability to minimize material waste and energy consumption, making it a more eco-friendly manufacturing method.
Market Drivers:
The Powder Metallurgy (PM) market has several drivers that contribute to its growth and development. Powder metallurgy is a manufacturing process that involves creating metal or metal alloy parts from metal powders. Some of the key drivers for the PM market include:
Material Efficiency: Powder metallurgy allows for the efficient use of raw materials as it generates minimal waste during the manufacturing process. This is particularly important in industries where material costs are a significant factor.
Cost-Effective Production: PM is a cost-effective manufacturing method for complex and precision components, reducing the need for expensive machining and tooling.
Target Audience:
Machine engineers
Manufacturing
Raw Material Supplier and Distributor
New Entrants and Investors
Government Bodies
Others
Global Powder Metallurgy Market Competitive Analysis
Know your current market situation! Not just new products but ongoing products are also essential to analyse due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.
Players Included in Research Coverage: BASF SE (Germany), Carpenter Corporation (United States), Comtec Mfg.Inc. (United States), Fine Sinter Co. Ltd. (Japan), Melrose Industries PLC (United Kingdom), Phoenix Sintered Metals LLC (United States), Precision Sintered Parts (United States), Sandvik AB (Sweden), Sumitomo Electric Industries, Ltd (Japan), General Electric (United States), Miba AG (Austria), ExOne (United States), Showa Denko Materials Co., Ltd. (Japan), PMG Holding GmbH (Germany), Siemens (Spain), Shanghai Electric (China), ABB (Switzerland), Hitachi Ltd. (Japan), Others
Additionally, Past Global Powder Metallurgy Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.
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Segmentation and Targeting
Essential demographic, geographic, psychographic, and behavioural information about business segments in the Powder Metallurgy market is targeted to aid in determining the features the company should encompass in order to fit into the business’s requirements. For the Consumer-based market – the study is also classified with Market Maker information in order to understand better who the clients are, their buying behaviour, and patterns.
Powder Metallurgy Product Types In-Depth: Ferrous, Non-ferrous
Powder Metallurgy Major Applications/End users: Automotive, Industrial machinery, Electrical and electronics, Aerospace, Others
Powder Metallurgy Major Geographical First Level Segmentation:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
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Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
– To analyse the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyse reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
Thanks for reading this article, you can also make sectional purchase or opt-in for regional report by limiting the scope to only North America, ANZ, Europe or MENA Countries, Eastern Europe or European Union.
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