Powder Metallurgy Market (By Material: Titanium, Nickel, Steel, Aluminum, Cobalt; By Process: Additive Manufacturing, Metal Injection Molding, Powder Metal Hot Isostatic Pressing; By Application: Aerospace & Defense, Automotive, Medical & Dental, Oil & Gas, Industrial; By End-use: Original Equipment Manufacturers (OEMs), AM Operators) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20212030

The global powder metallurgy market size is expected to be worth around US$ 9.2 billion by 2030, according to a new report by Vision Research Reports.

The global powder metallurgy market size was valued at US$ 3.11 billion in 2020 and is anticipated to grow at a CAGR of 12.7% during forecast period 2021 to 2030.

Report Coverage

Growth Factors

 The increasing adoption of additive manufacturing to reduce the weight of parts or components used in the aerospace, defense, and healthcare sectors will drive the market over the forecast period. 3D printing, also called additive manufacturing, offers properties, such as reduced weight, cost-effectiveness, and complexity in designs, which have attracted various manufacturers to implement the technology in their manufacturing processes. 3D printing is used in various industries, such as jewelry, medical, food, footwear, and aerospace. This has positively influenced the market growth.

By Material Analysis

The steel segment held the largest revenue share of 46.8% in 2020 of the global market. Steel is considered one of the cheapest materials in additive manufacturing, which can also be utilized in a mixture with other metals, such as bronze, titanium, and aluminum. The newly emerging applications of steel powder from aerospace, construction, mechanical engineering, and various other industries are further expected to augment its demand.

The other materials segment includes metals such as iron, copper, zinc, molybdenum, tungsten, magnesium, and chromium. The utilization of these metals in the manufacturing, chemical, oil & gas, general, and other industries is projected to create a positive impact on the market.

By Process Analysis

The Powder Metal Hot Isostatic Pressing (PM HIP) segment accounted for the largest volume share of over 55% in 2020, followed by the Metal Injection Molding (MIM) and additive manufacturing segments.

The process is used to produce components that are complex to manufacture using conventional processes, such as casting and forging. In this process, the powder is subjected to extremely high vacuum and elevated temperature, which helps remove the internal voids and forms a strong bond throughout the material. 

The additive manufacturing process is expected to register the fastest growth rate of 24.6%, in terms of revenue, over the forecast period. This method is based on the transfer of digital data to a machine, which builds the component.

By End-use Analysis

Based on end-use, the market is segmented into Original Equipment Manufacturers (OEMs) and AM operators. Large OEMs, especially in the aerospace industry, are investing in metal 3D printing to manufacture aeronautical parts.

AM operators include online and offline 3D printing service providers. Online 3D printing services are gaining prominence as they help streamline the ordering process through online platforms, thereby reducing the overall production time substantially, which drives the market growth.

By Application Analysis

The aerospace & defense application segment accounted for the largest revenue share of more than 51.0% in 2020 of the global market. The ability of the aerospace & defense industry to bear high initial costs and adaptable nature for new technologies are anticipated to propel the segment growth. 

Increasing industrial output and energy requirements are the key driving factors for the segment growth. In the oil & gas industry, the demand for metal-based products manufactured using additive manufacturing has shown significant growth.

Increasing health consciousness and rising consumer disposable income levels are the key factors driving the growth of the medical & dental industry. This, in turn, is boosting the demand for powder metallurgy in medical & dental applications.

By Regional Analysis

In terms of revenue, North America accounted for the highest share of more than 37.5% in 2020, owing to the high demand from the aerospace & defense industry.

Asia Pacific is estimated to register the fastest CAGR over the forecast period. Factors such as high population levels and increasing consumer disposable income have led to the adoption of additive manufacturing in the automotive and healthcare industry. 

In Europe, stringent regulations to achieve fuel efficiency are expected to propel the demand for lightweight powder metallurgy components in the automotive & aerospace industries.

Key Players

• Molyworks Materials Corp.

• Advanced Technology & Materials Co., Ltd. (AT & M)

• JSC POLEMA

• Sandvik AB

• Hoganas AB

• GKN PLC

• Rio Tinto Metal Powders

• Rusal

• CRS Holdings Inc.

• Liberty House Group

Market Segmentation

• By Material

  • Titanium

  • Nickel

  • Steel

  • Aluminum

  • Cobalt

  • Others

• By Process

  • Additive Manufacturing

    • Powder bed

    • Blown powder

  • Metal Injection Molding

  • Powder Metal Hot Isostatic Pressing

• By Application

  • Aerospace & Defense

  • Automotive

  • Medical & Dental

  • Oil & Gas

  • Industrial

• By End-use

  • Original Equipment Manufacturers (OEMs)

  • AM Operators

• Regional

  • North America

    • U.S.

  •  Europe

    • Germany

    • France

    • U.K.

  • Asia Pacific

    • China

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

The Powder Metallurgy market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Powder Metallurgy market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Powder Metallurgy market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Powder Metallurgy market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Powder Metallurgy market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Powder Metallurgy capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Powder Metallurgy by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Powder Metallurgy market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Powder Metallurgy market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Powder Metallurgy market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Powder Metallurgy industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Powder Metallurgy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Powder Metallurgy market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Powder Metallurgy market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Powder Metallurgy market. These factors have benefited the growth of the global market for Powder Metallurgy. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Powder Metallurgy. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Powder Metallurgy are as follows:

• History Year: 2017-2020

• Base Year: 2021

• Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.