Powder metallurgy is used to make components or materials such as oil-impregnated bearings, sintered filters, diamond tools, etc. The powder metallurgy is produced by various techniques such as grinding, crushing, chemical reaction, and others. The powders made from titanium, thorium, calcium, niobium, vanadium, tantalum, and uranium are produced by high-temperature reduction of carbides and nitrides. Powder metallurgy is widely used for additive manufacturing in order to make various parts by melting or laser sintering.

Increasing demand for powder metallurgy in automotive industry for manufacturing to various parts such as clutch plates, hubs, synchromesh parts, bearings, and many other components is a factor proliferating demand for powder metallurgy. In addition, rapid industrialization, coupled with growing electrical & electronics industry are factors augmenting demand for powder metallurgy. Moreover, increasing demand for powder metallurgy in industrial application owing to its properties has a positive impact on the global powder metallurgy market. High initial investment and complexity in manufacturing of 3D shapes is a factor challenging growth of the global powder metallurgy market.



Increasing adoption of powder metallurgy in various industries in developing countries, and development of lightweight and cost-effective end products are factors which in turn create new opportunities for prominent players operating in the global powder metallurgy market. An ongoing trend observed is increasing use of powder metallurgy in automotive industry for manufacturing of vehicles which has a positive impact on the global powder metallurgy market.

trending_up Total Revenue in 2018

$6,957.0 Mn

trending_up Market CAGR of the Next Ten Years

7.1%

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trending_up Market Revenue of the Next Ten Years

$XXXX Mn

Powder metallurgy is segmented on the basis of type i.e., ferrous and non-ferrous. Rising demand for ferrous powder in various applications owing to its high stability, high density, and high heat resistance has a positive impact on the global powder metallurgy market. Powder metallurgy is segmented on the basis of application such as automotive, electrical & electronics, and industrial. Rapid industrialization, coupled with growing automotive industry, and growing demand for powder metallurgy in industrial application, have a positive impact on the global powder metallurgy market.

The market is segmented on the basis of region such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Increasing demand for powder metallurgy in automotive and electronics sector is a factor augmenting demand for powder metallurgy in the North America region. Growing automotive and electrical & electronics industries, rising demand for powder metallurgy owing to its properties are factors augmenting demand for powder metallurgy in the Asia Pacific region. Additionally, increasing R&D and funding in automotive industry for various manufacturing parts such as engine parts, gearbox parts, brake systems, etc. has a positive impact on the Asia Pacific powder metallurgy market.

Some of the prominent players operating in the global powder metallurgy market include GKN, Sumitomo Electric Industries, Hitachi Chemical, Fine Sinter, Miba AG, Porite, PMG Holding, AAM, Hoganas AB, AMETEK Specialty Metal Products, Allegheny Technologies Incorporated, Burgess-Norton, Carpenter Technology, Diamet, Dongmu, Shanghai Automotive Powder Metallurgy, and Weida.