Global Powder Metallurgy Market to Reach $12.5 billion by 2027 | Market Trends and Forecast

Industry Experts, Inc. released an updated 2022 version of the global market report entitled "Powder Metallurgy – A Global Market Overview". As per the new report, the demand for Powder Metallurgy in Asia-Pacific is likely to record the fastest 2022-2027 CAGR of 9.2% in reaching a projected US$5.7 billion by 2027.

Powder Metallurgy is a technique utilized for processing powdered raw materials and producing a variety of components based on iron & steel powders (ferrous) and aluminum, cobalt, copper, nickel and titanium, among others (non-ferrous). The components made using powder metallurgy are very strong and can withstand working environments that conventionally produced parts cannot. The demand for this procedure has been exhibiting quite impressive growth over the recent past, though the advent of COVID-19 has changed the scenario to some extent.

The global demand for Powder Metallurgy components and parts is anticipated to be the largest for the Automotive sector, though the fastest growing for the Aerospace sector. Advancements in material technology have enabled in producing metal powders that can act as replacements for traditionally used bulky metal components to reduce space and weight, thereby enhancing efficiency of the final product in its applicable area.

The report explores the Powder Metallurgy market for the period 2018-2027 globally, and the regional markets for metal types including Ferrous and Non-Ferrous while these major types further drilled down by Ferrous – Iron Powder and Steel Powder; Non-Ferrous – Aluminum, Cobalt, Copper, Nickel, Titanium and Others. The study also analyzes the major applications of Powder Metallurgy including Aerospace, Automotive, Electrical & Electronics, Industrial Machinery, Medical and Others.

The report reviews, analyses and projects the Powder Metallurgy market for regional markets including the North America, Europe, Asia-Pacific, South America and Rest of World for the period 2017-2026 in terms of value in USD. These regional markets further analyzed for 15 independent countries across North America – the United States, Canada and Mexico; Europe – France, Germany, Italy, Russia, Spain and the United Kingdom; Asia-Pacific – China, India, Japan and South Korea; and South America – Argentina and Brazil.

This 365 page global Powder Metallurgy market report includes 261 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. This report profiles 24 key global players and 34 major players across the North America – 15; Europe – 11; and Asia-Pacific – 8. The report also provides the listing of the companies engaged in the global Powder Metallurgy industry. The global list of companies covers addresses, contact numbers and the website addresses of 272 companies.

California, USA based Industry Experts, Inc. is a multi-industry focused business information provider.

For more details, please visit: https://industry-experts.com/verticals/chemicals-and-materials/powder-metallurgy-a-global-market-overview