Stratview Research has launched a new report, titled The Powder Metallurgy Market is Segmented by Material Type (Titanium, Nickel, Steel, Aluminum, Cobalt, and Others), by Process Type (Additive Manufacturing, Metal Injection Molding, and Powder Metal Hot Isostatic Pressing), by Application Type (Aerospace & Defense, Automotive, Medical & Dental, Oil & Gas, and Industrial), by End-User Type (OEMs and AM Operators), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)

Covid-19 Impact Analysis:

Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.

According to the report, Powder Metallurgy Market is likely to witness a CAGR of 11.0% during the forecast period. Major factors such as increasing adoption of additive manufacturing coupled with the growing demand for lightweight components or parts in the aerospace, defense, and automotive sectors is expected to drive the growth of the market during the forecast period. In addition, powder metallurgy is a cost-effective process for manufacturing simple as well as complex shapes, having advantages over conventional processes. With powder metallurgy offering favorable surface finish, controlled porosity, low scrap generation, high production rate, and excellent wear resistance, the market is likely to experience favorable gains over the forecast period.

Market Segments’ Analysis

Based on the application type, the market is segmented as aerospace & defense, automotive, medical & dental, oil & gas, and industrial. The aerospace & defense application segment is estimated to account for the major share of the market during the forecast period. The aerospace & defense industry’s ability to endure high initial costs and its adaptability to new technologies are driving the segment’s growth. Furthermore, the use of various technologies in the market is likely to be driven by an innovative aerospace approach supported by the demand for complex geometric structures, consequently driving the growth of the segment over the forecast period.

In terms of regions, North America is estimated to be the leading region in the powder metallurgy market during the forecast period. The growth of the region’s market is owing to the high demand for powder metallurgy process from the aerospace & defense industry. Furthermore, the presence of major government and private aerospace companies coupled with high defense spending in the U.S. is expected to drive the growth of the regional market over the forecast period. Also, Europe and Asia-Pacific are expected to offer substantial growth opportunities during the forecast period.

Key Players

The following are the key players in the Powder Metallurgy Market

  • Advanced Technology & Materials Co., Ltd.
  • CRS Holdings Inc.
  • GKN Plc.
  • Hitachi Chemical Company Ltd.
  • Höganäs AB
  • Molyworks Materials Corporation
  • Rio Tinto Metal Powders
  • Rusal
  • Sandvik AB
  • Sumitomo Electric Company Ltd.

Frequently Asked Questions –

This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:

  • What is the current and future market size of Powder Metallurgy Market?
  • How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
  • What will be the short and long-term effects of the pandemic?
  • How are other market factors affecting the market dynamics?
  • Which segments offer high-growth opportunities in the long run?
  • How fierce is the Powder Metallurgy Market competition?
  • What are the key emerging trends and unmet needs in the present market?
  • What are the strategic growth opportunities and key success factors?

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