Powder Metallurgy Market Size, Growth, Share | Industry Trends 2022-2030

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.

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Report Coverage

Report Scope Details
Market Size US$ 9.2 billion by 2030
Growth Rate CAGR of 12.7% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Material, process, application, end-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned 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

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

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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

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Application Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Powder Metallurgy Market, By Material

7.1.  Powder Metallurgy Market, by Material, 2021-2030

7.1.1.    Titanium

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Nickel

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Steel

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Aluminum

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Cobalt

7.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Powder Metallurgy Market, By Process

8.1.  Powder Metallurgy Market, by Process, 2021-2030

8.1.1.    Additive Manufacturing

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Metal Injection Molding

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Powder Metal Hot Isostatic Pressing

8.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Powder Metallurgy Market, By Application

9.1.  Powder Metallurgy Market, by Application, 2021-2030

9.1.1.    Aerospace & Defense

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Automotive

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    Medical & Dental

9.1.3.1.        Market Revenue and Forecast (2017-2030)

9.1.4.    Oil & Gas

9.1.4.1.        Market Revenue and Forecast (2017-2030)

9.1.5.    Industrial

9.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Powder Metallurgy Market, By End-use

10.1.        Powder Metallurgy Market, by End-use, 2021-2030

10.1.1.  Original Equipment Manufacturers (OEMs)

10.1.1.1.      Market Revenue and Forecast (2017-2030)

10.1.2.  AM Operators

10.1.2.1.      Market Revenue and Forecast (2017-2030)

Chapter 11.      Global Powder Metallurgy Market, Regional Estimates and Trend Forecast

11.1.        North America

11.1.1.  Market Revenue and Forecast, by Material (2017-2030)

11.1.2.  Market Revenue and Forecast, by Process (2017-2030)

11.1.3.  Market Revenue and Forecast, by Application (2017-2030)

11.1.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.1.5.  U.S.

11.1.5.1.      Market Revenue and Forecast, by Material (2017-2030)

11.1.5.2.      Market Revenue and Forecast, by Process (2017-2030)

11.1.5.3.      Market Revenue and Forecast, by Application (2017-2030)

11.1.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.1.6.  Rest of North America

11.1.6.1.      Market Revenue and Forecast, by Material (2017-2030)

11.1.6.2.      Market Revenue and Forecast, by Process (2017-2030)

11.1.6.3.      Market Revenue and Forecast, by Application (2017-2030)

11.1.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.        Europe

11.2.1.  Market Revenue and Forecast, by Material (2017-2030)

11.2.2.  Market Revenue and Forecast, by Process (2017-2030)

11.2.3.  Market Revenue and Forecast, by Application (2017-2030)

11.2.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.2.5.  UK

11.2.5.1.      Market Revenue and Forecast, by Material (2017-2030)

11.2.5.2.      Market Revenue and Forecast, by Process (2017-2030)

11.2.5.3.      Market Revenue and Forecast, by Application (2017-2030)

11.2.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.6.  Germany

11.2.6.1.      Market Revenue and Forecast, by Material (2017-2030)

11.2.6.2.      Market Revenue and Forecast, by Process (2017-2030)

11.2.6.3.      Market Revenue and Forecast, by Application (2017-2030)

11.2.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.7.  France

11.2.7.1.      Market Revenue and Forecast, by Material (2017-2030)

11.2.7.2.      Market Revenue and Forecast, by Process (2017-2030)

11.2.7.3.      Market Revenue and Forecast, by Application (2017-2030)

11.2.7.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.8.  Rest of Europe

11.2.8.1.      Market Revenue and Forecast, by Material (2017-2030)

11.2.8.2.      Market Revenue and Forecast, by Process (2017-2030)

11.2.8.3.      Market Revenue and Forecast, by Application (2017-2030)

11.2.8.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.        APAC

11.3.1.  Market Revenue and Forecast, by Material (2017-2030)

11.3.2.  Market Revenue and Forecast, by Process (2017-2030)

11.3.3.  Market Revenue and Forecast, by Application (2017-2030)

11.3.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.3.5.  India

11.3.5.1.      Market Revenue and Forecast, by Material (2017-2030)

11.3.5.2.      Market Revenue and Forecast, by Process (2017-2030)

11.3.5.3.      Market Revenue and Forecast, by Application (2017-2030)

11.3.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.6.  China

11.3.6.1.      Market Revenue and Forecast, by Material (2017-2030)

11.3.6.2.      Market Revenue and Forecast, by Process (2017-2030)

11.3.6.3.      Market Revenue and Forecast, by Application (2017-2030)

11.3.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.7.  Japan

11.3.7.1.      Market Revenue and Forecast, by Material (2017-2030)

11.3.7.2.      Market Revenue and Forecast, by Process (2017-2030)

11.3.7.3.      Market Revenue and Forecast, by Application (2017-2030)

11.3.7.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.8.  Rest of APAC

11.3.8.1.      Market Revenue and Forecast, by Material (2017-2030)

11.3.8.2.      Market Revenue and Forecast, by Process (2017-2030)

11.3.8.3.      Market Revenue and Forecast, by Application (2017-2030)

11.3.8.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.        MEA

11.4.1.  Market Revenue and Forecast, by Material (2017-2030)

11.4.2.  Market Revenue and Forecast, by Process (2017-2030)

11.4.3.  Market Revenue and Forecast, by Application (2017-2030)

11.4.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.4.5.  GCC

11.4.5.1.      Market Revenue and Forecast, by Material (2017-2030)

11.4.5.2.      Market Revenue and Forecast, by Process (2017-2030)

11.4.5.3.      Market Revenue and Forecast, by Application (2017-2030)

11.4.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.6.  North Africa

11.4.6.1.      Market Revenue and Forecast, by Material (2017-2030)

11.4.6.2.      Market Revenue and Forecast, by Process (2017-2030)

11.4.6.3.      Market Revenue and Forecast, by Application (2017-2030)

11.4.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.7.  South Africa

11.4.7.1.      Market Revenue and Forecast, by Material (2017-2030)

11.4.7.2.      Market Revenue and Forecast, by Process (2017-2030)

11.4.7.3.      Market Revenue and Forecast, by Application (2017-2030)

11.4.7.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.8.  Rest of MEA

11.4.8.1.      Market Revenue and Forecast, by Material (2017-2030)

11.4.8.2.      Market Revenue and Forecast, by Process (2017-2030)

11.4.8.3.      Market Revenue and Forecast, by Application (2017-2030)

11.4.8.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.5.        Latin America

11.5.1.  Market Revenue and Forecast, by Material (2017-2030)

11.5.2.  Market Revenue and Forecast, by Process (2017-2030)

11.5.3.  Market Revenue and Forecast, by Application (2017-2030)

11.5.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.5.5.  Brazil

11.5.5.1.      Market Revenue and Forecast, by Material (2017-2030)

11.5.5.2.      Market Revenue and Forecast, by Process (2017-2030)

11.5.5.3.      Market Revenue and Forecast, by Application (2017-2030)

11.5.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.5.6.  Rest of LATAM

11.5.6.1.      Market Revenue and Forecast, by Material (2017-2030)

11.5.6.2.      Market Revenue and Forecast, by Process (2017-2030)

11.5.6.3.      Market Revenue and Forecast, by Application (2017-2030)

11.5.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

Chapter 12.  Company Profiles

12.1.              Molyworks Materials Corp.

12.1.1.  Company Overview

12.1.2.  Material Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

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

12.2.1.  Company Overview

12.2.2.  Material Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.              JSC POLEMA

12.3.1.  Company Overview

12.3.2.  Material Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.              Sandvik AB

12.4.1.  Company Overview

12.4.2.  Material Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.              Hoganas AB

12.5.1.  Company Overview

12.5.2.  Material Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.              GKN PLC

12.6.1.  Company Overview

12.6.2.  Material Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.              Rio Tinto Metal Powders

12.7.1.  Company Overview

12.7.2.  Material Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.              Rusal

12.8.1.  Company Overview

12.8.2.  Material Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

12.9.              CRS Holdings Inc.

12.9.1.  Company Overview

12.9.2.  Material Offerings

12.9.3.  Financial Performance

12.9.4.  Recent Initiatives

12.10.           Liberty House Group

12.10.1.               Company Overview

12.10.2.               Material Offerings

12.10.3.               Financial Performance

12.10.4.               Recent Initiatives

Chapter 13.  Research Methodology

13.1.              Primary Research

13.2.              Secondary Research

13.3.              Assumptions

Chapter 14.  Appendix

14.1.              About Us

14.2.              Glossary of Terms

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