Global Powder Metallurgy Market is Expected to Thrive at a CAGR of 9.8% by 2023
A recent report by KD market insights titled as "Powder Metallurgy Market – By Material (Iron Powder, Steel Powder, Non-ferrous Powder) By End User (Automotive, Electrical & Electronics, Industrial, Aerospace, Others) & Global Region - Market Size, Share, Trends and Forecast 2018-2023" provides the key trends, opportunities and challenges market will face in the forecasted period of 6 years i.e. 2018-2023. The study also provides the Powder Metallurgy Market competitors share and region wise analysis around the globe.
Global Powder Metallurgy market accounted for USD 6,168.4 million in 2017 and is estimated to reach USD 9,854.9 million in 2023, registering a compound annual growth rate (CAGR) of 9.8% between 2017 and 2023.
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Growth Drivers & Barriers
Rising application of Powder Metallurgy in various end user industries such as automotive, aerospace, electrical and others is anticipated to drive the growth of Powder Metallurgy market. Addition to that, government rules & regulations to prevent the emission of greenhouse gases is also believed to aid to the growth of the Powder Metallurgy market. Further, several alternative energy sources such as solar energy, wind energy and others require various parts and components such as gears, motors, generators and others. In addition, government of various nations are focusing on strengthening alternative energy sector. This factor is envisioned to bolster the growth of the market.
Benefits of Powder Metallurgy such as ease of development of precision parts and low manufacturing rate are believed to impel the growth of the market. Powder Metallurgy is witnessing strong growth in gearbox parts, engine parts, and brake systems production which further is aiding to the growth of the market.
On the contrary, limited use of Powder Metallurgy in production of 3-dimesnional products which have through thickness or axial direction is projected to hamper the growth of the market.
Regional Outlook:
In the terms of geography, the Powder Metallurgy market is analyzed into North America, Latin America, Asia Pacific, Europe and Middle East & Africa. Among these regions, North America is slated to account for highest percentage of market share in overall Powder Metallurgy market during the forecast period. U.S. accounted for major market share in North America Powder Metallurgy market. Asia Pacific Powder Metallurgy market accounted for second position in overall Powder Metallurgy market in 2017.
Segmentation
The research offers a comprehensive analysis of Powder Metallurgy market with respect to following sub-markets:
By Material
Iron Powder
Steel Powder
Non-ferrous Powder
By End User
Automotive
Electrical & Electronics
Industrial
Aerospace
Others
By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as
GKN Hoeganaes
Sumitomo Electric Company Ltd
H.C. Starck
Hitachi Chemical Company Ltd
Sandvik AB
Fine Sinter Company Ltd
Miba AG
Carpenter Technology Corporation
Allegheny Technologies Incorporated
SMC Powder Metallurgy
Others Major and Niche Key Players
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Table of Contents@
Research Methodology
Market Definition and List of Abbreviations
Executive Summary
Growth Drivers & Barriers in Global Powder Metallurgy Market
Global Powder Metallurgy Market Trends
Opportunities in Global Powder Metallurgy Market
Recent Industry Activities, 2018
Porter's Five Forces Analysis
Global Powder Metallurgy Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8. Global Powder Metallurgy Market Segmentation Analysis, By Material
8.1. Introduction
8.2. Market Attractiveness, By Material
8.3. BPS Analysis, By Material
8.4. Iron Powder Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.5. Steel Powder Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.6. Non-ferrous Powder Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9. Global Powder Metallurgy Market Segmentation Analysis, By End User
9.1. Introduction
9.2. Market Attractiveness, By End User
9.3. BPS Analysis, By End User
9.4. Automotive Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.5. Electrical & Electronics Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.6. Industrial Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.7. Aerospace Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.8. Others Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
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