DUBLIN--(BUSINESS WIRE)--The "Powder Metallurgy Parts - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Powder Metallurgy Parts Market to Reach US$35.4 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Powder Metallurgy Parts estimated at US$22.5 Billion in the year 2020, is projected to reach a revised size of US$35.4 Billion by 2027, growing at a CAGR of 6.7% over the period 2020-2027.
Ferrous Metals, one of the segments analyzed in the report, is projected to grow at a 6.4% CAGR to reach US$30.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Ferrous Metals segment is readjusted to a revised 8.3% CAGR for the next 7-year period. This segment currently accounts for a 13.1% share of the global Powder Metallurgy Parts market.
The U. S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 10.1% CAGR for the Period of 2020-2027
The Powder Metallurgy Parts market in the U. S. is estimated at US$6.1 Billion in the year 2020. The country currently accounts for a 27.06% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$7.7 Billion in the year 2027 trailing a CAGR of 10.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR while Rest of European market (as defined in the study) will reach US$7.7 Billion by the year 2027.
The publisher brings years of research experience to this 16th edition of the report. The 289-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- 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.
Key Topics Covered
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- A Prelude
- Recent Market Activity
- Outlook
- Analysis for Powder Metallurgy (P/M) Parts
- Global Competitor Market Shares
- Powder Metallurgy Parts Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
- Automotive Industry - The Largest End-Use Industry for PM Products
- Asia-Pacific Continues to be a Growth Engine
- Impact of COVID-19 and a Looming Global Recession
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
- Total Companies Profiled: 46
For more information about this report visit https://www.researchandmarkets.com/r/clp49z
