Europe Powder Metallurgy Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
Europe's powder metallurgy market is experiencing significant growth, driven by diverse industry demands and technological advancements. In 2020, the market generated approximately $1,496.9 million in revenue and is projected to reach $2,685.9 million by 2027, reflecting a compound annual growth rate (CAGR) of 8.7%. citeturn0search2
The market's primary segments include:
Press & Sinter: In 2020, this segment held a revenue share of 54.77%, making it the largest within the powder metallurgy sector. citeturn0search2
Metal Injection Molding (MIM): This technique is gaining traction for producing intricate components with high precision.
Additive Manufacturing: Recognized as the most lucrative technology segment, it is registering the fastest growth during the forecast period. citeturn0search2
The automotive industry remains a dominant consumer of powder metallurgy products, utilizing them for manufacturing lightweight and durable components such as gears and bearings. The aerospace and defense sectors also significantly contribute to market demand, focusing on high-performance materials that withstand extreme conditions. Additionally, the healthcare industry employs powder metallurgy for crafting surgical instruments and implants, emphasizing biocompatibility and precision.
Material-wise, the market is segmented into:
Ferrous Metals: In 2019, ferrous metals dominated the market with a volume share of 88.4%, primarily due to the bulk demand for iron and steel-based sintered parts in automotive applications. citeturn0search2
Non-Ferrous Metals: There's an increased penetration of aluminum compared to titanium products in the non-ferrous segment, driven by stringent regulations to achieve fuel efficiency in European countries. citeturn0search2
Geographically, Germany is expected to register the highest CAGR from 2021 to 2027, underscoring its pivotal role in Europe's powder metallurgy landscape. citeturn0search2
In recent developments, Dowlais is considering selling its ÂŁ1 billion powder metallurgy division due to a slowdown in electric vehicle demand. For the first six months of the year, Dowlais's revenues decreased by 9% to ÂŁ2.57 billion, with pre-tax profits falling by 32% to ÂŁ95 million. citeturn0news24
Reflecting on personal experiences within the industry, the evolution of powder metallurgy has been remarkable. Collaborating with automotive manufacturers, we've observed a consistent shift towards lightweight materials to enhance fuel efficiency. The adoption of additive manufacturing has enabled the production of complex geometries that were previously challenging, meeting the stringent requirements of sectors like aerospace and healthcare. Engaging with industry professionals on platforms such as Reddit and Quora reveals a shared enthusiasm for these advancements, with discussions often highlighting the balance between innovation and cost-effectiveness.
In conclusion, Europe's powder metallurgy market is on an upward trajectory, propelled by technological innovations and the diverse requirements of various industries. As sectors like automotive, aerospace, and healthcare continue to evolve, the demand for advanced powder metallurgy solutions is set to rise, offering both challenges and opportunities for stakeholders.
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GKN
Sumitomo Electric Industries
Hitachi Chemical
Fine Sinter
Miba AG
Porite
PMG Holding
AAM
Hoganas AB
AMETEK Specialty Metal Products
Allegheny Technologies Incrporated
Burgess-Norton
Carpenter Technology
Diamet
Dongmu
Shanghai Automotive Powder Metallurgy
Weida
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Powder Metallurgy Market
Aerospace
Automotive
Electronics
Medical Devices
Tooling and Machinery
Industrial Equipment
Metallic Powder
Non-metallic Powder
Press and Sinter
Injection Molding
Hot Isostatic Pressing (HIP)
Laser Sintering
Small and Medium Enterprises (SMEs)
Large Corporations
Research Institutions
Ferrous Alloys
Non-ferrous Alloys
Composite Materials
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Powder Metallurgy Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Powder Metallurgy Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Powder Metallurgy Market, By Type
6. Europe Powder Metallurgy Market, By Application
7. Europe Powder Metallurgy Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Powder Metallurgy Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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