The global market for Powder Metallurgy Parts is projected to reach US$17.6 billion by 2024, driven by emerging applications in transportation, construction and mechanical engineering sectors. Benefits of powdered metal products over conventional metal fabrication techniques include enables massive savings in mass production lines; flexibility to develop metals with diverse compositions such as metals- non-metals and metal-metal combinations; enables production of metal parts with near net shapes with high dimensional accuracy; repeatability ensures consistent properties and part dimensions; generates very little scrap and material wastages; imparts excellent wear resistance to the final finished product; enables machining of parts with intricate geometric shapes; produces good surface finishes and eliminates the need for dedicated metal finishing processes. The growth in the market is expected to benefit from steady automobile production trends, optimistic outlook for the commercial aerospace industry, and steady recovery of the construction industry over the last couple of years in most countries across the globe. The growing sophistication of electronics manufacturing is spurring demand growth for aluminum and titanium-based powder metals. Also, growing investments in renewable energy and the resulting increase in the production of solar panels and wind turbines is helping boost consumption trends. Manufacturing advancements in PM parts such as hot isostatic pressing, metal injection molding and additive manufacturing are driving opportunities in the metal powder market. Other major noteworthy trends in the market include shift in demand towards finer powders and advanced PM parts; increased volume consumption of PM materials in aero-engines and land-based gas turbines; mechanization of agriculture in developing markets in Asia, Middle East, Latin America and Africa and the ensuing demand for powdered metals based components in agricultural machinery production; and growing demand for construction equipment. Europe represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 5% through the analysis period, led by growing economies; rising incomes, standard of living; growing number of infrastructure development projects and the resulting demand for a wide range of products requiring production of metal components from metal powders.  

Company and Industry News & Stories
  • Aubert & Duval Partners with PyroGenesis in a Move to Ensure the Exclusive Distribution of Titanium Powders in Europe
  • Aperam to Acquire VDM Metals, a Producer of High-Performance Metals & Metal Powders for a Range of Applications & Industries
  • Tekna Partners with Aperam to Jointly Develop High Quality Spherical Metal Powders
  • Tekna Commences Industrial Powder Production in Europe in a Move to Increase Annual Global Capacity to Over 1000 Tons
  • Carpenter Technology Acquires LPW Technology in a Transaction Valued at US$81 Million

Product Definition & Scope
  • Powder Metallurgy (PM) refers to the technology relating to metal powders utilization and enables to conserve materials, obtain uniformity, and reduce machining cost effectively. Metals formed through PM find application in parts production, featuring minimal scrap. Through proper powder selection, the technology enables to control product density; obtain a wide range of physical and mechanical properties; and combine metals / non-metals or a mixture of different metals insoluble in one another. PM enables in producing parts with varying density in each part; parts featuring interconnected pores; and parts featuring impregnated metal with low melting point, plastics or oils.

Timeline for Analysis
  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

Geographic Markets Analyzed
  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific, and Rest of World.

Major Players
  • GKN Sinter Metals, Inc.
  • Hoeganaes Corp.
  • Sumitomo Electric Industries, Ltd.
  • Fine Sinter Co., Ltd.
  • Hitachi Chemical Company, Ltd.
  • Miba AG
  • Norilsk Nickel
  • Rio Tinto Metal Powders

How Can You Benefit?
This research project broadly covers analysis of all market trends, drivers, challenges and other macro market scenarios you need to know to improve your strategic planning and remain informed and competitive. The study also provides reliable ready facts and exclusive statistical data insights in addition to expert and highly accurate market size forecasts and projections to help you identify new markets and opportunities for revenue growth and sustainability. The extensive reportage of industry, company and product news and stories together with coverage of all major and niche players provided in the report helps you build a 360 degree perspective on your markets and gain unsurpassed insights needed to devise plans and strategies to maximize business growth.