Description
Powder Metallurgy Market Size was valued at USD 2.3 billion in 2021, growing at a CAGR of 11.7% during the forecast period 2022 to 2028. The rising demand for powder metallurgy in the production of automotive components is the key factor that is booming in the market for powder metallurgy. In addition, developments in computer and electronic product engineering are expected to generate interest in non-ferrous metal powder and rising 3D printing adoption is expected to boost market growth. Complexity in the acquisition of 3D shapes, high capital investments and the need for costly metal powder feedstocks, however, can hide the growth of the market.
Key Developments:
In May 2019, Epson Atmix Corp. installed a new production line at its Kita-Inter Plant in Japan for producing amorphous alloy powder.