Global Powder Metallurgy Market Scenario Focusing on Improvements Shaping Industry Growth

Albany, USA, 2018-Dec-07 — /EPR Network/ —A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Powder Metallurgy Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. The report anticipates that the sector for Powder Metallurgy Market would rise at a positive CAGR during the period 2018-2026.

For More Information Request Free Sample on Powder Metallurgy Market Report @

Powder metallurgy is used to process powdered feedstock in order to manufacture various types of components. It is used in various applications across several industries globally. Powder metallurgy is used to manufacture filters that require greater strength and shock resistance. It is used for manufacturing cutting tool inserts and machinery parts such as gears, bushes, bearings, sprockets, rotors, and magnets. It finds application in business machines, hardware, household appliances, industrial motors, hydraulics, and hand tools. Rapid technological advancements in electronic and computer components is likely to increase demand for non-ferrous metal powders such as aluminum and titanium-based powder metals during the forecast period. Powder metallurgy is a preferred manufacturing process for various structured parts due to the cost effectiveness and uniqueness of the product.

The global powder metallurgy market has been segmented based on material, end-user, and region. In terms of material, the iron powder and steel powder segment lead the powder metallurgy market. This is due to the high stability, heat resistance, and density of iron and steel powders. In addition, rise in usage of iron powder as a carrier for toners in electrostatic copying machines, hand warmers, automotive components, and waterproof cements is likely to boost demand for iron powder during the forecast period. Demand for non-ferrous powders such as aluminum and copper is expected to increase in the near future due to increase in demand for cost-effective structural components for the automotive and aerospace industries. Utilization of copper-based metal powders obtained from the powder metallurgy process has been increasing over the past few years due to their properties such as high thermal and electrical conductivity, corrosion resistance, and ductility. Copper metal powders are used in various electrical components such as commutator rings, contacts, shading coils, nose cones, and twist type electrical plugs. Copper products manufactured using the powder metallurgy possess offer an excellent surface finish and are nonmagnetic in nature. These favorable attributes increase the use of powder metallurgy-based copper and copper alloy products in automotive, appliances, electronics applications. In terms of end-user, automotive is a leading segment of the powder metallurgy market. Powder metallurgy plays an important role in the automotive industry. Rise in demand for lightweight components with superior performance, durability, and reliability in order to produce safe and low-cost vehicles is driving demand for powder metallurgy products for automotive applications. Powdered metals are used to manufacture various engine parts; suspension parts; mission parts; and components used in door locks, sunroofs, ABS sensor parts, and rotors for power steering and side plates. The automotive sector is a major driver of demand for powdered metals such as iron, tin, and steel. The powder metallurgy technique is used extensively in the automotive industry due to its better productivity, high heat resistance, and precision, among other advantages.

Apart from the automotive industry, powder metallurgy also find applications in various other sectors such as industrial, aerospace, and electrical & electronics. The powder metallurgy technique is extensively used to manufacture industrial equipment. Powder metal products are employed in a variety of hardware products, including large-scale industry machinery, machine parts, porous oil impregnated bearings, and friction materials. Rapidly developing manufacturing sector, particularly in Asia Pacific, and expanding aerospace and marine industries in North America and Europe are propelling demand for powder metallurgy products in industrial applications. Development in technology and increase in the use of powdered metals in electronic devices such as electric car batteries and sintered parts for various electronic gadgets are expected boost demand for powder metallurgy in the electrical and electronic industry.

Increase in demand for powder metallurgy in manufacturing automotive components is a significant driver of the powder metallurgy market. Use of powder metallurgy parts in automobiles is expected to increase in the next few years due to changing fuel economy standards across the globe. These new legislations are expected to alter the characteristics of several automotive such as reduction in vehicle weight, change in powertrain design, and globalization of production and design. Another factor driving the powder metallurgy market is the inherent advantages of powder metallurgy such as low energy consumption and superior utilization of raw materials as compared to other technologies. Powder metallurgy has a superior raw material utilization rate of around 95% as compared to machining, which utilizes only about 50% of the raw materials. Furthermore, the energy required for producing a kilogram of finished product is the lowest for powder metallurgy. All these factors are expected to drive the powder metallurgy market during the forecast period. High capital investment, complexity in producing 3D shapes, and requirement of expensive feed stock are some of the factors anticipated to restrain the market during the forecast period. However, rise in research activities and technological advancements are anticipated to help the powder metallurgy technology overcome a majority of its limitations in the near future. Rise in demand for aerospace components with controlled porosity, high heat capacity, and high modulus of elasticity for additive manufacturing with 3D printing is expected to provide lucrative opportunities to manufacturers operating in the powder metallurgy market.

Browse Complete Detail on Anti-Money Laundering Software Market Research Report with TOC @

In terms of region, the global powder metallurgy market has been classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of consumption, North America was a leading region of the powder metallurgy market in 2017. Increase in emphasis on higher fuel efficiency through improvement in engine performance, weight reduction, and alternative or supplemental power systems boost demand for powder metallurgy in the automotive end-user segment in the region. In addition to automotive, demand for powder metallurgy in the aerospace industry in the U.S. is expected to increase significantly during the forecast period. Rise in demand for airframes due to increasing need for more efficient engines is expected to encourage manufacturers to develop higher-strength materials that can operate at higher temperatures. Powder metallurgy-based super alloy components have significant demand in various applications, such as turbine discs, as they do not possess the solidification defects inherent in castings and cast and wrought alloys. In terms of consumption, Asia Pacific is expected to surpass North America during the forecast period. This is primarily due to the expanding automotive industry and increase ein foreign direct investment in the electrical & electronic industry in developing economies such as China, India, and ASEAN. In addition, rise in purchasing power parity and increase in disposable incomes of consumers have boosted the automotive industry in Asia Pacific. This, in turn, has augmented the demand for powder metallurgy in the automotive end-user industry in Asia Pacific. The market in Europe is expected to expand at a moderate pace. Countries such as Germany, France, the U.K., and countries in Rest Europe are expected to provide lucrative opportunities to manufacturers in the near future. Rise in demand for fuel-efficient aircraft and motor vehicles due to higher fuel costs and pressure to reduce greenhouse gas emissions are boosting demand for powder metallurgy-based aerospace as well as automotive components. Latin America and Middle East & Africa contribute less in terms of consumption of powder metallurgy compared to other regions. Both regions are highly dependent on powder metallurgy imports from neighboring countries. However, manufacturers are striving to expand manufacturing output to these regions through strategic acquisitions and merger activities.

GKN Hoeganaes, Sumitomo Electric Company Ltd, and Fine Sinter Company Ltd are few of the key players operating in the global powder metallurgy market. They are focusing on mergers and acquisitions for expansion. For instance, in 2016, Sumitomo Electric Industries, Ltd., acquired Keystone Powdered Metal Co, a U.S.-based manufacturer of powder metal components and assembly parts.

Enquire about this Report @

About (MRRSE)

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact Us                            

State Tower
90, State Street
Suite 700
Albany, NY – 12207
(United States) Telephone: +1-518-730-0559

Matched content

Editor’s pick

Do NOT follow this link or you will be banned from the site!