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Global Powder Metallurgy Market to reach USD xx billion by the end of 2030

Global Powder Metallurgy Market Size study & Forecast, by Product Type (Ferrous and Non-Ferrous), by Application (Automotive, Industrial Machinery, Electrical and Electronics, Aerospace, and Other Applications) and Regional Analysis, 2023-2030

Product Code: CMAM-63675274
Publish Date: 20-05-2023
Page: 200

Global Powder Metallurgy Market is valued at approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4% over the forecast period 2023-2030. Manufacturing or creating materials or components out of metal powders is known as powder metallurgy. It is generally utilized to produce unique components, such as tungsten carbide, that cannot be produced by melting or shaping. Powder metallurgy lowers product costs and production yield losses. It is a technique that reduces costs, time, and effort. It transforms the raw material into the required powder form, and then adheres the powder together to create a desired, one-of-a-kind product. Additionally, inert machine components including rotors, gears, bearings, bushings, and magnets are made using powder metallurgy. The market growth is driven by key factors such as growing Implementation in Electrical and Electromagnetic Applications and increasing Preference for Powder Metallurgy by Automotive OEMs.

According to the China Association of Automobile Manufacturing, from December 2021 to December 2022, the number of New Energy Vehicles produced in the nation increased by 96.9%. Thus, it is anticipated that over the projection period, demand would rise as a result of the growing electric car industry. For instance, the European Automobile Manufacturers’ Association (ACEA) predicted in February 2021 that car sales were expected to rise 10% in 2021 compared to 2020, which signified an indication of a recovery. Powder metallurgy is largely used by automotive makers to produce lightweight components. Over the forecast period, this is anticipated to have a positive impact on market growth. Moreover, the Increasing number of 3D patents and a growing number of start-ups enhance the opportunities for the market. However, increasing Raw Material and Tooling Costs stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Powder Metallurgy Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is also a leading region in the Powder Metallurgy Market. The growth in this region is driven by the increasing demand for Powder Metallurgy in the automotive industry, which is one of the largest end-users of Powder Metallurgy. On the other side, the Asia-Pacific region is the fastest-growing region in the Powder Metallurgy Market. This growth can be attributed to the increasing demand for Powder Metallurgy in various industries such as automotive, aerospace, and healthcare, among others.

Major market player included in this report are:
Perry Tool & Research, Inc.
ATI Technologies
Catalus Corporation
fine-sinter Co., Ltd.
H.C. Starck Tungsten GmbH
Showa Denko Materials Co., Ltd.
Hoganas AB
Horizon Technology
Melrose Industries PLC
Miba AG

Recent Developments in the Market:
Ø The official launch of Höganäs’ new ArcX plant in Houston, Texas, is scheduled for March 2023. This move will help the business further solidify its position as a provider of metal powder coating solutions.
Ø Sumitomo Electric Industries, Ltd. established Sumitomo Electric Hardmetal India Private Limited in February 2023 to boost the selling of cutting tools in India.
Global Powder Metallurgy Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
By Application:
Industrial Machinery
Electrical and Electronics
Other Applications

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Powder Metallurgy Market, by Region, 2020-2030 (USD Billion)
1.2.2. Powder Metallurgy Market, by Product Type, 2020-2030 (USD Billion)
1.2.3. Powder Metallurgy Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Powder Metallurgy Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Powder Metallurgy Market Dynamics
3.1. Powder Metallurgy Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing Implementation in Electrical and Electromagnetic Applications Increasing Preference for Powder Metallurgy by Automotive OEMs
3.1.2. Market Challenges Increasing Raw Material and Tooling Costs
3.1.3. Market Opportunities Increasing number of 3D patents Growing number of start-ups
Chapter 4. Global Powder Metallurgy Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Powder Metallurgy Market, by Product Type
5.1. Market Snapshot
5.2. Global Powder Metallurgy Market by Product Type, Performance – Potential Analysis
5.3. Global Powder Metallurgy Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
5.4. Powder Metallurgy Market, Sub Segment Analysis
5.4.1. Ferrous
5.4.2. Non-ferrous
Chapter 6. Global Powder Metallurgy Market, by Application
6.1. Market Snapshot
6.2. Global Powder Metallurgy Market by Application, Performance – Potential Analysis
6.3. Global Powder Metallurgy Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Powder Metallurgy Market, Sub Segment Analysis
6.4.1. Automotive
6.4.2. Industrial Machinery
6.4.3. Electrical and Electronics
6.4.4. Aerospace
6.4.5. Other Applications
Chapter 7. Global Powder Metallurgy Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Powder Metallurgy Market, Regional Market Snapshot
7.4. North America Powder Metallurgy Market
7.4.1. U.S. Powder Metallurgy Market Product Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Powder Metallurgy Market
7.5. Europe Powder Metallurgy Market Snapshot
7.5.1. U.K. Powder Metallurgy Market
7.5.2. Germany Powder Metallurgy Market
7.5.3. France Powder Metallurgy Market
7.5.4. Spain Powder Metallurgy Market
7.5.5. Italy Powder Metallurgy Market
7.5.6. Rest of Europe Powder Metallurgy Market
7.6. Asia-Pacific Powder Metallurgy Market Snapshot
7.6.1. China Powder Metallurgy Market
7.6.2. India Powder Metallurgy Market
7.6.3. Japan Powder Metallurgy Market
7.6.4. Australia Powder Metallurgy Market
7.6.5. South Korea Powder Metallurgy Market
7.6.6. Rest of Asia Pacific Powder Metallurgy Market
7.7. Latin America Powder Metallurgy Market Snapshot
7.7.1. Brazil Powder Metallurgy Market
7.7.2. Mexico Powder Metallurgy Market
7.8. Middle East & Africa Powder Metallurgy Market
7.8.1. Saudi Arabia Powder Metallurgy Market
7.8.2. South Africa Powder Metallurgy Market
7.8.3. Rest of Middle East & Africa Powder Metallurgy Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Perry Tool & Research, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. ATI Technologies
8.3.3. Catalus Corporation
8.3.4. fine-sinter Co., Ltd.
8.3.5. H.C. Starck Tungsten GmbH
8.3.6. Showa Denko Materials Co., Ltd.
8.3.7. Hoganas AB
8.3.8. Horizon Technology
8.3.9. Melrose Industries PLC
8.3.10. Miba AG
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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