Powder Metallurgy Market - Forecasts from 2018 to 2023
The Powder Metallurgy market is projected to grow at a CAGR of 5.48% to reach US$7.812 billion by 2023, from US$5.671 billion in 2017. Powder metallurgy is a process for forming accurate metal components from metal powder through compacting. A majority of powder metallurgy parts are used in the automobile industry. Growing automotive and electronics industry is considered as the driving factor for the growth of the market. Moreover, technological advancement in ender users industries like automobiles and computers is likely to increase the demand for nonferrous powder metallurgy during the forecast period. APAC region is expected to witness the significant growth during the forecast period owing to economic development and rapid expansion of the industrial sector.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottoms-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Powder Metallurgy value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Powder Metallurgy market.
Major industry players profiled as part of the report are Hitachi Chemical Co., Ltd., Sumitomo Electric Industries, Ltd., Catalus Corporation, H.C. Starck GmbH and Höganäs AB among others.
The Powder Metallurgy market has been analyzed through following segments:
Electrical & Electronics
Middle East and Africa
United Arab Emirates
Hitachi Chemical Co., Ltd.
Sumitomo Electric Industries, Ltd.
H.C. Starck GmbH
American Axle & Manufacturing, Inc.
Fine-sinter Co., Ltd