Powder Metallurgy Market
Powder Metallurgy Market Scope: Industry Analysis, Market Size, Growth, Trends till 2030
Powder Metallurgy Market Size and Growth
The global powder metallurgy market has seen steady growth in recent years. Valued at around USD 9 billion in 2023, it is expected to reach approximately USD 13 billion by 2030, growing at a compound annual growth rate (CAGR) of 5-6%
Companies Covered : (Covid-19 Impact Covered)
• GKN Sinter Metals
• Sandvik AB
• Sumitomo Electric Industries, Ltd
• Kennametal Inc.
• Miba AG
• Rio Tinto Metal Powders
The powder metallurgy market is poised for sustained growth, driven by increasing demand from the automotive, aerospace, and medical sectors. With advancements in materials and processes, powder metallurgy will likely continue to expand its reach, benefiting from its efficiency, precision, and sustainability. Companies involved in this industry are investing heavily in research and development to meet the specific demands of diverse applications. As the global focus on lightweight, durable, and environmentally friendly materials continues to rise, powder metallurgy is set to become an even more critical component of modern manufacturing.
Powder Metallurgy Market Segmentation
By Application
✓ Automotive
✓ Aerospace and Defense
✓ Medical
✓ Electronics
✓ Energy and Industrial
By Product
• Ferrous Powders
• Non-Ferrous Powders
• Stainless Steel Powders
• Composite Powders
Powder Metallurgy Market Growth 2024-2030
$ X Billion USD
