Dublin, April 26, 2023 (GLOBE NEWSWIRE) -- The "Powder Metallurgy Parts: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Powder Metallurgy Parts estimated at US$23.4 Billion in the year 2022, is projected to reach a revised size of US$32.8 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2022-2030.
Ferrous Metals, one of the segments analyzed in the report, is projected to record 4.2% CAGR and reach US$28.4 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Non-Ferrous Metals segment is readjusted to a revised 4.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $6.4 Billion, While China is Forecast to Grow at 7.3% CAGR
The Powder Metallurgy Parts market in the U.S. is estimated at US$6.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.9 Billion by the year 2030 trailing a CAGR of 7.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR.
Select Competitors (Total 46 Featured) -
- Allegheny Technologies Inc.
- AMETEK Specialty Metal Products
- Carpenter Technology Corporation
- Daido Steel Co., Ltd.
- Diamet Corporation
- DOWA Electronics Materials Co., Ltd.
- Erasteel SAS
- H.C. Starck GmbH
- Hitachi Chemical Co., Ltd.
- JFE Steel Corporation
- Kennametal, Inc.
- Miba AG
- PMG Holding GmbH
- Rio Tinto Metal Powders
- Sumitomo Electric Industries, Ltd.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $23.4 Billion |
| Forecasted Market Value (USD) by 2030 | $32.8 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- A Prelude
- Recent Market Activity
- Outlook
- Analysis for Powder Metallurgy (P/M) Parts
- Powder Metallurgy Parts - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Automotive Industry -The Largest End-Use Industry for PM Products
- Asia-Pacific Continues to be a Growth Engine
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Expanding Applications Drive Powder Metals Market
- MIM PM Components Set to Flourish
- Aluminum Sintering Inches towards Reality
- VVT Components - A Peek into Opportunities and Hurdles
- Marked Trends towards Finer Powders and Advanced PM Parts
- Future Growth for the PM Industry
- Diversification
- Sustainability
- Investments in Technology
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/vx5jp
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