Stratview Research, a global market research firm announces the release of the report titled – Powder Metallurgy Market which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.
Stratview Research has segmented the market 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).
According to this 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.
What is powder metallurgy?
Powder Metallurgy is a low-cost process of manufacturing both simple and complex shapes. It offers advantages over traditional processes. This process provides favorable surface finish, controlled porosity, low scrap generation, high production rate, and excellent wear resistance.
- Advanced Technology & Materials Co., Ltd.
- CRS Holdings Inc.
- GKN Plc.
- Hitachi Chemical Company Ltd.
- Höganäs AB
- Molyworks Materials Corporation
- Rio Tinto Metal Powders
- Sandvik AB
- Sumitomo Electric Company Ltd.
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