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Industry Experts, Inc., published the latest version of its latest report on Powder Metallurgy Market . According to this new report, the global demand for Powder Metallurgy is estimated at US$22.8 billion in 2024 and projected to reach US$37.2 billion by 2030 at a 2024-2030 CAGR of 8.5%. Some of the factors instrumental in driving demand for Powder Metallurgy include increasing vehicle production & a discernable shift towards electric vehicles (EVs), demand for lightweight, high-strength components in the aerospace & defense sector, unmet need for customized medical implants & dental components, increasing demand for consumer electronics and growth in renewable energy & oil & gas exploration activities. Asia-Pacific, in addition to being the leading global market for Powder Metallurgy with an estimated share of 40% in 2024, is also poised be the fastest growing at a 2024-2030 CAGR of 11.3%. The region's robust industrial base is a major contribut...

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,...

Industry Experts, Inc. released an updated 2020 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 2019-2026 CAGR of 6.9% in reaching a projected US$3.9 billion by 2026. COVID-19 has sent the global markets into a tizzy with the impact it has had and the Powder Metallurgy (PM) industry is no exception to this. However, the overall effect of this malaise on the market for PM may not be as pronounced as being witnessed by other sectors. The major end-use industries of PM include Automotive with over 75% share in 2019, with Aerospace, Electrical & Electronics and Medical accounting for nearly similar smaller splits. Automotive accounts for about three-fourth of the global Powder Metallurgy market in 2019 and also projected to lead the market through to the analysis period 2019-2026. The overall Powder Metallurgy market is estim...

Industry Experts, Inc. unveiled the new global market report entitled " Powder Metallurgy – A Global Market Overview ". As per the new report, Automotive forms the largest, as also the fastest growing, application for Powder Metallurgy, the market for which is slated to compound annually at 6.5% over 2017-2023 in reaching a projected US$7.8 billion by 2023. Powder Metallurgy is a technique used for processing powdered feedstock that is further used to manufacture various types of components. The parts and components produced using this method find application in a range of areas, such as aerospace, automotive, business machines, electrical & electronics and industrial, among others. These components can include gears, bushes, bearings, sprockets, rotors and magnets. Fast growth in technological advancements in electronic and computer components is one major factor fueling demand for Powder Metallurgy, with the aerospace and automotive industries also making significant...