Chemicals Industry Today
Powder Metallurgy Market Is pretend To Grow At a CAGR of 7.7% During Forecast Period, 2021-2031
The global powder metallurgy market is negatively affected by COVID-19. Lockdown and shutting down businesses lead to disruption in value chain. The COVID-19 pandemic has weakened all the businesses, including the powder metallurgy market. However, situation is gradually coming back to normal, and manufacturers operating in the powder metallurgy market are creating opportunities due to the increasing demand from the automotive sector across the globe. Increase in usage of lightweight components for vehicle that are efficient, durable, and reliable is expected to drive the global powder metallurgy market in the upcoming years. Manufacturers are taking efforts to recover from losses due to COVID-19 outbreak and exploring different opportunities to overcome challenges in the global market.
Published 21 March 2022
Powder Metallurgy Market: Introduction
Transparency Market Research delivers key insights on the global powder metallurgy market. In terms of revenue, the global powder metallurgy market is estimated to expand at a CAGR of 7.7% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global powder metallurgy market.
The global powder metallurgy market is broadly affected by several factors, including rise in usage of powder metallurgy in the automotive industry. Increase in usage of electrical and electronic products in households and offices is also likely to boost the powder metallurgy market in the near future.
Get Brochure of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3468
Powder Metallurgy Market: Dynamics
The rise in demand for automotive components made from powder metallurgy is expected to the drive the powder metallurgy market in the near future. Development in technology and increase in use of powdered metals in electronic devices such as electric car battery and sintered parts for various electronic gadgets are estimated to boost the powder metallurgy market during the forecast period.
Most of the aerospace components depend on powder metallurgy due to rise in demand for controlled porosity, high heat capacity, and high modulus of elasticity. Increase in demand for thermoplastic components in the aerospace industry is augmenting the demand for powder metallurgy.
The powder metallurgy market is expected to be driven by the increase in usage of additive manufacturing in medical, automotive, and aerospace & defense industries. Powder metal manufacturing has become a popular method for producing small components used in medical devices due to advantages such as volume, speed, low waste, and surface finish.
Increase in population and rapid urbanization in Asia Pacific; and rise in need for improved infrastructure are anticipated to play a crucial role in the expansion of the powder metallurgy market.
Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=3468
Powder Metallurgy Market: Prominent Regions
Based on region, the global powder metallurgy market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the global powder metallurgy market in 2020. The region is expected to maintain its dominance during the forecast period. Dominance of Asia Pacific can be ascribed to the increase in infrastructure and construction activities in China and India in the region.
The powder metallurgy market in Europe is also expected to expand significantly during the forecast period. Large size of end-use industries in Latin America and Europe is likely to augment the powder metallurgy market in these regions during the forecast period. Rise in demand for powder metallurgy in various applications is also likely to boost the powder metallurgy market in these regions in the next few years.
Get Trending Report- https://www.prnewswire.com/news-releases/roofing-market-to-advance-at-cagr-of-4-9-during-20212031-tmr-study-301498041.html
Powder Metallurgy Market: Key Players
The global powder metallurgy market is fragmented, with the presence of large numbers of players. Key players operating in the global powder metallurgy market are GKN Sinter Metal Engineering GmBH, Sumitomo Electric Industries, Ltd H.C. Starck Tungsten Powders, Sandvik AB, Showa Denko Materials Co., Ltd, Advanced Powders & Coatings, ExOne GmbH, and Materialise.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision
Contact
Rohit Bhisey
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
Transparency Market Research delivers key insights on the global powder metallurgy market. In terms of revenue, the global powder metallurgy market is estimated to expand at a CAGR of 7.7% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global powder metallurgy market.
The global powder metallurgy market is broadly affected by several factors, including rise in usage of powder metallurgy in the automotive industry. Increase in usage of electrical and electronic products in households and offices is also likely to boost the powder metallurgy market in the near future.
Get Brochure of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3468
Powder Metallurgy Market: Dynamics
The rise in demand for automotive components made from powder metallurgy is expected to the drive the powder metallurgy market in the near future. Development in technology and increase in use of powdered metals in electronic devices such as electric car battery and sintered parts for various electronic gadgets are estimated to boost the powder metallurgy market during the forecast period.
Most of the aerospace components depend on powder metallurgy due to rise in demand for controlled porosity, high heat capacity, and high modulus of elasticity. Increase in demand for thermoplastic components in the aerospace industry is augmenting the demand for powder metallurgy.
The powder metallurgy market is expected to be driven by the increase in usage of additive manufacturing in medical, automotive, and aerospace & defense industries. Powder metal manufacturing has become a popular method for producing small components used in medical devices due to advantages such as volume, speed, low waste, and surface finish.
Increase in population and rapid urbanization in Asia Pacific; and rise in need for improved infrastructure are anticipated to play a crucial role in the expansion of the powder metallurgy market.
Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=3468
Powder Metallurgy Market: Prominent Regions
Based on region, the global powder metallurgy market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the global powder metallurgy market in 2020. The region is expected to maintain its dominance during the forecast period. Dominance of Asia Pacific can be ascribed to the increase in infrastructure and construction activities in China and India in the region.
The powder metallurgy market in Europe is also expected to expand significantly during the forecast period. Large size of end-use industries in Latin America and Europe is likely to augment the powder metallurgy market in these regions during the forecast period. Rise in demand for powder metallurgy in various applications is also likely to boost the powder metallurgy market in these regions in the next few years.
Get Trending Report- https://www.prnewswire.com/news-releases/roofing-market-to-advance-at-cagr-of-4-9-during-20212031-tmr-study-301498041.html
Powder Metallurgy Market: Key Players
The global powder metallurgy market is fragmented, with the presence of large numbers of players. Key players operating in the global powder metallurgy market are GKN Sinter Metal Engineering GmBH, Sumitomo Electric Industries, Ltd H.C. Starck Tungsten Powders, Sandvik AB, Showa Denko Materials Co., Ltd, Advanced Powders & Coatings, ExOne GmbH, and Materialise.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision
Contact
Rohit Bhisey
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
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Contact Information
Mr. Rohit Bhisey
Transparency Market Research
State Tower, 90 State Street,
Suite 700,
Albany
12207
+91- 8600924083
http://www.transparencymarketresearch.com/
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