- Titanium
- Nickel
- Steel
- Aluminum
- Cobalt
- Others
Powder Metallurgy Market Size was valued at USD 2.3 billion in 2022, growing at a CAGR of 11.7% from 2023 to 2029. 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.
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Fastest Growing Market
A significant factor in the powder metallurgy market is the increasing demand for powder metallurgy in the manufacture of automotive components. Due to changing fuel consumption levels throughout the world, the use of powder metallurgy parts in automobiles is expected to increase in the coming years. These new laws are expected to alter the characteristics of many vehicles, such as the reduction in vehicle weight, the shift in power train design and the globalization of production and design.
The Powder Metallurgy Market is growing at a CAGR of 11.7% over the forecast period
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
Key players profile in the market include-