Powder Metallurgy Market Size Forecast to Reach $10.6 Billion by 2026

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Powder Metallurgy Market - Forecast 2021 - 2026
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• Powder metallurgy market size is forecast to
  reach US10.6 billion by 2026, after growing at a
  CAGR of 7.8 during 2021-2026, as it provides a
  host of advantages over other competing metal
  powders forming technologies such as increased
  efficiency, cost-effectiveness, flexibility,
  consistency, and more.
• The recent advances in powder metallurgy
  manufacturing techniques continue to grow and
  expand the scope of applications in which powder
  metallurgy can be induced, which is also
  anticipated to propel the market of powder
  metallurgy.

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Key Takeaways Asia-Pacific dominates the powder
metallurgy market, owing to the increasing demand
and production of lightweight vehicles in the
region. For instance, according to OICA, the
production of passenger cars has increased by 2.6
in Malaysia in 2019. There are many cases in
which powder metallurgy over casting has a strong
benefit. The benefits of the powder metallurgy
process are particularly apparent when dealing
with high-value and high-melting-point materials,
owing to which there is increasing adoption of
powder metallurgy over die casting, which will
propel the market growth.
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By Distribution Channel- Segment Analysis The
ferrous segment held the largest share in the
powder metallurgy market in 2020. Ferrous
powdered metals such as iron, steel, and more
offer the highest level of mechanical properties.
Ferrous metal powders are also known for their
extensive characteristics such as durability,
hardness, tensile strength, lower costs, broad
flexibility, and more. The ferrous powdered metal
is largely employed in the automotive industry
for designing bearings, gears, or other auto
parts, owing to its good strength and flexibility.
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• Powder Metallurgy Market Industry Outlook 
• Arcam AB
• Carpenter Technology Corp
• ExOne GmbH
• GKN
• Höganäs AB
• Materialize NV
• Melrose Industries
• Sumitomo Electric Industries
• Hitachi Chemical

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Powder Metallurgy Market - Forecast 2021 -
2026 Learn More About the Report _at_
https//www.industryarc.com/Research/Powder-Metall
urgy-Market-Research-503086
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  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
_at_ http//www.linkedin.com/company/industryarc
Contact (1) 970-236-3677
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