PUBLISHER: BCC Research | PRODUCT CODE: 1069163
PUBLISHER: BCC Research | PRODUCT CODE: 1069163
The global market for powder metallurgy (metal powder + P/M parts) technology reached $26.7 billion in 2021. The market should grow from $27.8 billion in 2022 to $34.0 billion by 2027, at a compound annual growth rate (CAGR) of 4.1% during 2022-2027.
North American market for powder metallurgy (metal powder + P/M parts) technology should grow from $8.6 billion in 2022 to $10.4 billion by 2027, at a CAGR of 3.8% during 2022-2027.
Asia-Pacific market for powder metallurgy (metal powder + P/M parts) technology should grow from $7.7 billion in 2022 to $9.9 billion by 2027, at a CAGR of 5.0% during 2022-2027.
This report analyzes the global and regional markets for P/M parts as well as powders, including manufacturer capability and demand in the regional markets. It also examines industry standards, government and industry support, and other key factors related to the upcoming demand in the P/M industry.
The report has been prepared in a simple, easy-to-understand format. Tables and figures are included to illustrate historic, current and future market scenarios. The report also covers companies that make parts and powders for various end-use industries such as automotive, aerospace, medical, electronics and others.
Market drivers within the industry are identified. To make the report more informative, we have given market data from 2020 through 2027.
Technological issues and trends are projected, and other influences are discussed. Furthermore, this report is based on future scenarios such as pessimistic, optimistic and consensus, while forecasts provide information for the consensus scenario.
In this report, we have also considered the impact of the COVID-19 pandemic on the global as well as regional market. All market values are in millions of U.S. dollars; volume is in thousands of metric tons, and the market value and volume are calculated as nominal value.