Powder Metallurgy Market: Size, Dynamics, Regional Insights and Market Segment Analysis (by Material, Application)

Powder Metallurgy Market was valued at USD 11.9 Billion in 2021, and it is expected to reach USD 30.19 Billion by 2029, exhibiting a CAGR of 12.27% during the forecast period (2022-2029)


Powder metallurgy is an umbrella term, which covers a range of processes for manufacturing metallic components. The metal powder industry has grown significantly in recent years because of the development and use of sintered parts and additive manufacturing processes. It refers to the production and working of metals as fine powders which can be pressed and sintered to form objects. The process is cost effective solution in producing simple or complex part in manufacturing (Production) rates which can range from a few hundreds to several thousand parts per hour. It is suitable for mass production only because of high cost of die and equipment. Powder Metallurgy Market To know about the Research Methodology :- Request Free Sample Report Prominent key players are increasing their sales by launching website and promotion, which is expected to assist to build brand awareness and equity. For instance, GKN plc has revealed a new website for its GKN Powder Metallurgy division. It includes a number of pages, which is dedicated to its metal Additive Manufacturing operations. The website will permit customers to access the contact details for experts in individual Material areas by visiting dedicated contact pages on powder metallurgy with the additive manufacturing. Currently, many companies are concentrating on the research and development activities research into new methods. Many competitors are focusing on the output production and decreasing prices to compete with other Materials. Some of these are larger and have substantially greater financial, managerial and technical resources, more extensive distribution and service networks, greater sales and marketing capacity, and larger installed end user bases across the globe. On the other hand, Governments have made strategies and continue to make investments in the development of the manufacturing sector. Despite the transformation in manufacturing sector, volatility and disruption in the capital and credit markets, government economic policies and negative economic conditions across developing economies across the globe, volatile corporate profits and reduced capital spending are some of the factors, which are expected to impact negatively on the demand for powder metallurgy.

Powder Metallurgy Market Dynamics

Automotive Industry is booming Powder metallurgy is becoming more popular as demand for thermoplastic components in the aerospace sector grows. In the automobile sector, power metallurgy is a widely utilised method. The powder metallurgy market growth is driven by expansion and innovation in the field of automotive industry. Powder metallurgy applications in the automobile sector are gradually increasing, since powder metallurgy is often regarded as a cost-effective alternative to machined or cast parts. The growing awareness in numerous emerging nations to increase fuel efficiency is boosting the need for powder metallurgy in the automobile sector. The need for powder metallurgy components is being driven by the rise in demand for lightweight cars, lightweight materials, and alternative energy sources via metal injection moulding, metal powder forging, and heated compaction. Powder metallurgy components are utilised to manufacture a wide range of automobile components. In the market, there is high potential growth opportunities for market players because of its high usage applications in the field of aerospace, electrical, medical, and energy industries. Powder metal components have high regulated porosity and self-lubricating qualities, which is allowing them to sift gases and liquids. As a result, powder metallurgy is a strongly regarded procedure for producing components with complicated twists, depressions, and extensions. The ability to manufacture mechanical components with a variety of combinations like metals-nonmetals and metal-metal combinations, allows the manufacturing of automobile parts with high dimensional precision and provides constant qualities. In automobile components, ferrous e.g. iron, steel, stainless steel, and non-ferrous e.g. aluminum, and titanium alloys metals are utilized. The primary goal of using powder metallurgy is to enhance overall form, use the heating process and unique surface treatment, and increase accuracy. The Increased Share of high-performance vehicles has witnesses as A Headwind for Powder Metallurgy. As per OICA, worldwide vehicle manufacturing would reach 83.2 million units in 2023, up 3.5% over the same time in 2021, which is expected to boost the growth of the powder metallurgy. As per the International Energy Agency's 2021 Assessment, worldwide electric car sales climbed by more than 100 percent in 2021 compared to previous years in 2021, with around 6.5 million cars sold. 3.2 million EVs were delivered in mainland China, 2.25 million in Europe, and 700,000 million in the United States, accounting for the 6.5 million EVs sold. As a result of these considerations, the need for powder metallurgy in the automobile industry is expanding. Many hybrid and battery electric vehicles (BEVs) have entered the Automotive market, and the adoption of high performance of vehicles are expected to increase during the forecast period. The automotive industry has spent years for various light weighting options with increased fuel efficiency. The manufacturers have been scrambling to find ways to make vehicles lighter without sacrificing quality or safety in vehicle production. Additionally, many materials are compatible with 3D printing, which have better thermal capabilities over traditional manufacturing materials with the usages of powder metallurgy. It helps to prolong battery lifespans of the vehicle. Many automotive original equipment manufacturers (OEMs) thrive to enter increasingly in automotive world with the keeping up with the automotive production market competitive by using innovative manufacturing technologies. Limitations Of Powder Metallurgy: High Cost- The cost of material in powder form is quite high. The cost is offset for large volume by absence of scrap and low labour cost. The process is economically feasible for large volume production because of high cost of dies and equipment. Another limitation of powder metallurgy process is that Materials with intricate design are difficult to produce as there is little flow of metal powder during compaction. Industrial Revolution 4.0 proving Lucrative basically for the Powder Metallurgy and Metal powder for Additive Manufacturing The emergence of Industry 4.0 for process control is propelling demand for metal powder additive manufacturing because of their efficient process control and enhanced performance. The disruptive technologies have introduced at an unprecedented rate in the manufacturing sector, which are driving the industry 4.0 revolution. Most companies are using advanced technologies for near-term business operations rather than truly transformative opportunities. A growing number of digital industrial companies are looking forward by viewing their internally focused, efficiency-driven transformations as a stepping stone to future growth. organizations can view their productivity-focused transformations as a set of training wheels when seeking new opportunity, finding and training new talent & defining agile ways of working. Powder Metallurgy Market 1

Powder Metallurgy Market Segment Analysis

By Material Type, Ferrous type material market size was valued at a US $ 5751.70 Mn in 2021 and is projected to reach at US $ 11925.23 Mn by 2027. North America region held the dominant position with a value of US $ 2208.60 Mn in 2021 and projected to grow at a more than 12.38% CAGR rate during the forecast period. Asia Pacific held the second leading position in the market with a value of US $1516.90 Mn in 2021, in which China has contributed maximum share with a value of 621.19 Mn. In the Asia Pacific region, the countries like India, Japan, South Korea have accounted value of US$ 276.85 Mn, US $ 269.35 Mn and US $ 127.24 Mn respectively in the year of 2021. Automotive industry held the dominant position in the powder metallurgy market with a Value of US $ 4814.06 Mn in 2021 and Aerospace held the second dominated industry position with a value of US$ 4311.14 Mn: Powder metallurgy is widely employed in a variety of sectors like automotive, aerospace and military, healthcare, electronics, and electrical. The growing use of electrical and electronic devices in homes and businesses are expected to contribute to the expansion of the powder metallurgy industry during the forecast period. The increase in demand for powder metallurgy-based automotive components is projected to boost the powder metallurgy industry. Technological advancements and a growth in the use of powdered metals in electrical and electronic equipment such as automobile batteries and electronic gadgets are expected to drive the powder metallurgy market during the projected period. Powder metallurgy is being used in aerospace components due to increased demand for controlled porosity, high heat capacity, and high modulus of elasticity.

Powder Metallurgy Market Regional Insights

North America powder metallurgy market was valued nearly $ 4504.12 Mn in 2021 and expected to reach $ 6143.39Mn by 2024. The research activities have continuously delivered new insight into identifying ideal temperature and atmosphere conditions for more efficient energy utilization and process optimization. The presence of significant government and private aerospace industries, with strong defence expenditure across developed across US and Canada are expected to drive the demand for powder metallurgy. The ability of a U.S. manufacturer to 3D-print a technically-advanced component for one lead firm and then pivot to make a totally different component are factors that driving U.S. supply chains more resilient. An increase in focus on the modernization of space missions and the resiliency of space capabilities is expected to drive the market growth in North America. The United States and other countries are increasing investments in research, technology, and commercial services and shifting organizational strategies to improve the resiliency of their space capabilities and capacities. High investments and organizational changes are expected to continue and the deployment of new military space concepts have to be increased in the market. Large manufacturers have an invested interest in encouraging additive manufacturing in smaller firms in their supply chains. U.S. manufacturers have come together and formed a public, voluntary agreement as an AM Forword to help their suppliers adopt additive manufacturing that are expected to boost the demand for Powder metallurgy. Europe: The Evolving Road to Adopt Additive Manufacturing with Powder Metallurgy Powder Metallurgy is a constantly and rapidly evolving technology, which is embracing most metallic and alloy materials, and a wide variety of shapes. It is a highly developed method of manufacturing consistent ferrous and non-ferrous parts. The European Market alone has an annual turnover of US $ 957.57 Mn in 2021 for non-ferrous parts and turnover of US $ 1266.45 Mn for ferrous parts in the same year. Europe Powder Metallurgy market size was valued at USD 2682.13 Million in 2021 and is expected to grow at a CAGR of 12.44%. Automotive manufacturers are using additive manufacturing in the production of small and complex auto parts. A shift in consumer preference towards owned cars and high-performance vehicles are some of the prominent factors that drive the demand for powder metallurgy in Europe Region. The powder metallurgy process enables key manufacturers to make Materials, which are more consistent and predictable in their behaviour across a wide range of applications by producing parts with a homogeneous structure. Powder Metallurgy Market 2 Metal Powders Industries are Building Regional Hub for Asia Pacific China have built up the technical capacity and competence required to assist the metal powder metallurgy community in Asia. It offers unprecedented optimization potential and efficiencies for structural designs. In recent years, The Leading OEMs have started to gradually integrate additive manufacturing into their prototyping process and subsequently production value chains with the technique of powder metallurgy. The market for powder metallurgy is rapidly evolving as many companies realise the compensations which innovative manufacturing technics offers over traditional design and manufacturing techniques. In order to stay competitive long-term, China is investing heavily in robotics, artificial intelligence and new manufacturing technologies. One of the key market drivers in China is a resolute push by the Chinese government for smart manufacturing and a modernized industry. China has accounted dominant share in the Asia Pacific powder metallurgy market with a market size of US$ 1270.33 Mn in 2021 and is projected to grow with a CAGR of more than 10.52% rate during the forecast period. The powder metallurgy is one of the future processes, which is expected to have a great effect on the automotive industry and electric vehicle production. China has a largest automotive market and automotive manufacturing country for energy vehicles. Automotive development activities have shifted from traditional regions to China, which leads to an increased demand on innovative manufacturing technologies. Additive manufacturing is becoming increasingly important in China. Powder metallurgy presents the entire supply chain for the metalworking and casting industry. An integration of Additive Manufacturing Technic revolutionizes Powder Metallurgy manufacturing in Middle East & Africa Additive manufacturing is experiencing growth in the Middle East, where many GCC countries are expected to grab the opportunities arising from the recent technological developments and gain a leading edge in the field. Across the GCC countries, unites state Arab maintains the greatest growth potential within the region, mostly in the aerospace sector, dental industry and academic environment. The competitiveness by transitioning to high-value powder metallurgy manufacturing is one of the reasons that some African economies are pursuing by attracting and developing capabilities in 3D printing technology. The companies are focusing to expand the range of high-end components produced with advanced additive manufacturing materials in countries like the United Arab Emirates, the Kingdom of Saudi Arabia and Kuwait that drive the need for powder metallurgy in the manufacturing sector. Middle East and Africa powder metallurgy market size was valued at US $736.93 Mn in 2021 and expected to grow at a 10.64% rate of CAGR during the forecast period. Key players are focusing on the requirement of the customer and continuously innovate across Material technologies to deliver next-generation manufacturing solutions. The key players operating in the market are implementing strategies like expansion, mergers & acquisitions, technological advancements, and partnerships & collaborations to increase the market share. Allegheny Technologies Inc (ATI) metallic powder technology delivers alloy compositions and refined microstructures, which offer high performance and longer useful lives in high-temperature aerospace environments. The company is focusing to increase their production capacity for advanced metallic powders for usage in next-generation aerospace Materials.

Scope of the Report

The objective of the report is to present a comprehensive analysis of the global Powder Metallurgy Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Powder Metallurgy Market dynamic, structure by analyzing the market segments and projecting the Powder Metallurgy Market size. Clear representation of competitive analysis of key players by segment type and regional presence in the Powder Metallurgy Market make the report investor’s guide.

Powder Metallurgy Market Scope: Inquiry Before Buying

Powder Metallurgy Market
Base Year 2021 Forecast Period 2022-2029
Historical Data CAGR Market Size in 2021 Market Size in 2029
2017 to 2021 12.27 % US 11.9 Bn US 30.19 Bn
Segments Covered
by Material • Non-Ferrous • Ferrous • Others by Application • Electrical and Electronics • Business Machines • Automotive • Aerospace • Others by Metals • Titanium • Steel • Nickel • Aluminum • Others by Manufacturing Process    • Additive Manufacturing • Powder bed • Blown powder • Metal injection molding • Power metal hot isostatic pressing • Others
Regions Covered
North America • United States • Canada • Mexico Europe • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe Asia Pacific • China • S Korea • Japan • India • Australia • Indonesia • Malaysia • Vietnam • Taiwan • Bangladesh • Pakistan • Rest of APAC Middle East and Africa • South Africa • GCC • Egypt • Nigeria • Rest of ME&A South America • Brazil • Argentina • Rest of South America

Powder Metallurgy Market Key Players

• Allegheny Technologies Inc (ATI) • CRS Holdings Inc. • GKN PLC • Catalus Corporation • COMTEC MFG. Inc. • Fine-Sinter Co. Ltd • JSC POLEMA • Advanced Technology & Materials Co., Ltd. (AT & M) • Fukuda Metal Foil & Powder Company • Molyworks Materials Corp. • HC Stark GmbH • Showa Denko Materials Co. Ltd. • Hoganas AB • Horizon Technology Inc. • Melrose Industries PLC • Miba AG • Rusal • CRS Holdings Inc. • Liberty House Group • Perry Tool & Research Inc. • Phoenix Sintered Metals LLC • Precision Sintered Parts • Sandvik AB • Rio Tinto Metal Powders • Sumitomo Electric Industries Ltd Frequently Asked Questions: 1] What segments are covered in the Global Powder Metallurgy Market report? Ans. The segments covered in the Powder Metallurgy Market report are based on Type, and Application. 2] Which region is expected to hold the highest share in the Global Powder Metallurgy Market? Ans. The North America region is expected to hold the highest share in the Powder Metallurgy Market. 3] What is the market size of the Global Powder Metallurgy Market by 2029? Ans. The market size of the Powder Metallurgy Market by 2029 is expected to reach USD 30.19 Bn. 4] What is the forecast period for the Global Powder Metallurgy Market? Ans. The forecast period for the Powder Metallurgy Market is 2021-2029. 5] What was the market size of the Global Powder Metallurgy Market in 2021? Ans. The market size of the Powder Metallurgy Market in 2021 was valued at USD 11.9 Bn.
1. Global Powder Metallurgy Market: Research Methodology 2. Global Powder Metallurgy Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Powder Metallurgy Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Powder Metallurgy Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Powder Metallurgy Market Segmentation 4.1 Global Powder Metallurgy Market, by Material (2021-2029) • Non-Ferrous • Ferrous • Others 4.2 Global Powder Metallurgy Market, by Application (2021-2029) • Electrical and Electronics • Business Machines • Automotive • Aerospace • Others 4.3 Global Powder Metallurgy Market, by Metals (2021-2029) • Titanium • Steel • Nickel • Aluminum • Others 4.4 Global Powder Metallurgy Market, by Manufacturing Process  (2021-2029) • Additive Manufacturing • Powder bed • Blown powder • Metal injection molding • Power metal hot isostatic pressing     • Others  5. North America Powder Metallurgy Market(2021-2029) 5.1 North America Powder Metallurgy Market, by Material (2021-2029) • Non-Ferrous • Ferrous • Others 5.2 North America Powder Metallurgy Market, by Application (2021-2029) • Electrical and Electronics • Business Machines • Automotive • Aerospace • Others 5.3 North America Powder Metallurgy Market, by Metals (2021-2029) • Titanium • Steel • Nickel • Aluminum • Others 5.4 North America Powder Metallurgy Market, by Manufacturing Process  (2021-2029) • Additive Manufacturing • Powder bed • Blown powder • Metal injection molding • Power metal hot isostatic pressing     • Others  5.5 North America Powder Metallurgy Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Powder Metallurgy Market (2021-2029) 6.1. European Powder Metallurgy Market, by Material (2021-2029) 6.2. European Powder Metallurgy Market, by Application (2021-2029) 6.3. European Powder Metallurgy Market, by Metals (2021-2029) 6.4. European Powder Metallurgy Market, by Manufacturing Process  (2021-2029) 6.5. European Powder Metallurgy Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Powder Metallurgy Market (2021-2029) 7.1. Asia Pacific Powder Metallurgy Market, by Material (2021-2029) 7.2. Asia Pacific Powder Metallurgy Market, by Application (2021-2029) 7.3. Asia Pacific Powder Metallurgy Market, by Metals (2021-2029) 7.4. Asia Pacific Powder Metallurgy Market, by Manufacturing Process  (2021-2029) 7.5. Asia Pacific Powder Metallurgy Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Powder Metallurgy Market (2021-2029) 8.1 Middle East and Africa Powder Metallurgy Market, by Material (2021-2029) 8.2. Middle East and Africa Powder Metallurgy Market, by Application (2021-2029) 8.3. Middle East and Africa Powder Metallurgy Market, by Metals (2021-2029) 8.4. Middle East and Africa Powder Metallurgy Market, by Manufacturing Process  (2021-2029) 8.5. Middle East and Africa Powder Metallurgy Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Powder Metallurgy Market (2021-2029) 9.1. South America Powder Metallurgy Market, by Material (2021-2029) 9.2. South America Powder Metallurgy Market, by Application (2021-2029) 9.3. South America Powder Metallurgy Market, by Metals (2021-2029) 9.4. South America Powder Metallurgy Market, by Manufacturing Process  (2021-2029) 9.5. South America Powder Metallurgy Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Allegheny Technologies Inc (ATI) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 CRS Holdings Inc. 10.3 GKN PLC 10.4 Catalus Corporation 10.5 COMTEC MFG. Inc. 10.6 Fine-Sinter Co. Ltd 10.7 JSC POLEMA 10.8 Advanced Technology & Materials Co., Ltd. (AT & M) 10.9 Fukuda Metal Foil & Powder Company 10.10 Molyworks Materials Corp. 10.11 HC Stark GmbH 10.12 Showa Denko Materials Co. Ltd. 10.13 Hoganas AB 10.14 Horizon Technology Inc. 10.15 Melrose Industries PLC 10.16 Miba AG 10.17 Rusal 10.18 CRS Holdings Inc. 10.19 Liberty House Group 10.20 Perry Tool & Research Inc. 10.21 Phoenix Sintered Metals LLC 10.22 Precision Sintered Parts 10.23 Sandvik AB 10.24 Rio Tinto Metal Powders 10.25 Sumitomo Electric Industries Ltd

About This Report

Report ID 55292
Category Material & Chemical
Published Date Fab 2023
Updated Date