粉末冶金市場レポート：タイプ、材料、製造プロセス、用途、地域別、2024～2032年

世界の粉末冶金市場規模は2023年に31億米ドルに達しました。今後、IMARC Groupは、市場は2032年までに66億米ドルに達し、2024～2032年の間に8.6％の成長率（CAGR）を示すと予測しています。自動車産業の拡大、不活性機械部品の製造における製品使用量の増加、低価格製品の浸透の高まりが、市場成長を促進する主要要因のいくつかです。

粉末冶金市場分析：

主要市場促進要因：自動車産業の成長、費用対効果が高く効率的な軽量材料への需要の急増、インフラプロジェクトの増加などが市場成長を後押ししています。また、様々な電子機器における粉末冶金の使用増加が粉末冶金市場の需要を高めています。

主要市場動向：材料科学の継続的な進歩、積層造形の採用拡大、グリーン製造への嗜好の高まりは、市場成長を刺激すると予想される要因の一部です。さらに、小型化されたデバイスに対する需要の高まりに伴い、粉末冶金はこれらの要件を満たすために進歩しています。金属射出成形（MIM）やマイクロ粉末射出成形（μPIM）のような技術は、厳しい公差と優れた表面仕上げを持つ小型で複雑な部品の製造を可能にし、それによって業界の成長を刺激しています。

競合情勢：主要な粉末冶金市場企業は、BASF SE、Carpenter Corporation、Catalus Corporation、Comtec Mfg.Inc.、Fine Sinter Co.Ltd.、Horizon Technology Inc.、Melrose Industries PLC、Perry Tool &Research Inc.、Phoenix Sintered Metals LLC、Precision Sintered Parts LLC、Sandvik AB、Sumitomo Electric Industries Ltd.などが挙げられます。

地理的動向：報告書によると、アジア太平洋が最大の市場シェアを占めています。この地域の粉末冶金市場を牽引する要因としては、インフラ強化の需要拡大、自動車セグメントでの積層造形の採用増加、性能向上した軽量部品へのニーズの高まりなどが挙げられます。

課題と機会：初期投資コストの高さ、時間のかかる製造工程、環境規制、品質管理などが市場成長を阻害する要因となっています。しかし、積層造形（AM）技術の台頭は、最近の大きな粉末冶金市場機会をもたらしています。選択的レーザー溶融（SLM）や金属バインダージェットのようなAM技術は、材料の無駄を最小限に抑えて複雑なカスタマイズ部品を製造することを可能にし、それによって市場成長を促進しています。

粉末冶金市場動向：

自動車産業からの需要の高まり

燃費向上と排出ガス削減へのプレッシャーが高まる中、自動車メーカーは軽量材料に目を向けています。粉末冶金は高い強度と精度を備えた軽量部品を提供し、車両全体の軽量化に貢献しています。例えば、米国エネルギー省によると、2030年までに、軽量部品と高効率エンジンを可能にする先端材料により、米国の自動車保有台数の4分の1が年間50億ガロン以上の燃料を節約できるといいます。粉末冶金は、エンジンやトランスミッション用のギアの製造に広く使用されています。粉末冶金ギアは高い強度、耐摩耗性、寸法精度を備えており、要求の厳しい用途に適しています。例えば、Amsted Automotiveは、2024年5月に開催されたCTIシンポジウムで、パワートレインの開発に不可欠な最先端のイノベーションを紹介しました。同社の展示では、Means Industries、Burgess-Norton、Transform Automotiveの3つの主要事業部門の強みが強調されました。イベントを通して、Burgess-Nortonは、ギア、ポケットプレート、ノッチプレート、スプロケット、カムプレートなど、多くの用途で高い評価を得ている粉末冶金技術を紹介しました。粉末冶金は自動車部品製造にコスト効率の良いソリューションを記載しています。金属射出成形（MIM）や3Dプリンティングの粉末床溶融（PBF）を含むPMプロセスは、従来の製造方法と比較して材料の無駄が著しく少ないです。PMプロセスは通常、微細な金属粉末から始まり、最終的な部品に正確に成形されるからです。これにより、材料の無駄が最小限に抑えられ、製造コスト全体が削減されます。2023年11月、IIT-Mandiの研究者は、金属3Dプリンティングの他のアプローチと比較した場合、押出ベースの金属積層造形プロセスが最も優れており、コスト効率の高い方法であることを発見しました。金属積層造形（金属AM）は、コンピュータ支援設計（CAD）ソフトウェアや3Dスキャンを使用して、薄い金属粉末を使用して強度の高い複雑な部品を作成します。これらの要因が粉末冶金市場の収益をさらに押し上げています。

積層造形の採用拡大

積層造形（AM）、特に3Dプリンティングの形態は粉末冶金（PM）市場の成長を大きく促進する要因です。3Dプリンティングは、従来の製造方法では困難または不可能な複雑な形態の作成を可能にします。これは粉末冶金にとって特に有利で、特殊な工具や組み立てを必要とせずに複雑な形態や内部構造を製造できます。その結果、メーカーは性能と機能性が向上した、高度に最適化された部品を作ることができます。例えば、Volkmannは2024年2月、積層造形メーカーが粉末を回収して再利用できるようにする基本金属粉末再処理システムPowTReXを発表しました。これは粉末ベースの金属3Dプリンター・ユーザーをサポートすることを目的としています。さらに、積層造形では金属部品内に複雑な格子構造を作り出すことができるため、高い強度重量比とカスタマイズ型機械的特性が得られます。粉末冶金は、こうした格子構造の作成に使用される金属粉末を供給し、軽量化と設計の最適化の機会を記載しています。例えば、2024年2月、オーストラリアのRMIT大学の研究者は、Ti-6Al-4Vチタンから付加的に作られた新しいタイプのメタマテリアルを作成しました。非常に高い強度対重量比を持つこの珍しい格子構造は、医療用インプラントや航空機やロケットの部品など、幅広い用途に役立つ可能性を秘めています。研究者たちは、レーザービーム粉末床融合法を用いて製造された、細いバンドが内部を走る中空管状格子構造を設計しました。これらの要因は、粉末冶金市場予測にプラスの影響を与えています。

航空宇宙セグメントでの利用拡大

航空宇宙産業における需要の高まりは、市場成長に拍車をかけている顕著な要因の1つです。航空宇宙メーカーは、燃費を向上させ運用コストを削減するために、航空機の重量を減らす方法を常に模索しています。粉末冶金は、高い強度対重量比を持つ軽量部品を提供するため、航空宇宙用途に理想的です。粉末冶金部品は航空機全体の軽量化に貢献し、燃料の節約と排出ガスの低減につながります。例えば、2023年11月、世界大手の鉄鋼会社のひとつであるArcelorMittal SAは、スペインのAvilesに工業規模のアトマイザーを開発し、航空宇宙、防衛、自動車、医療、エネルギーなど、さまざまな積層造形技術用の鋼粉を製造すると発表しました。さらに、レーザービーム粉末床融合法（PBF-LB）、バインダージェッティング法（BJT）、直接エネルギー堆積法（DED）のAM技術を中心に、金属粉末を商業化するために新会社ArcelorMittal Powdersを設立しました。さらに粉末冶金では、航空宇宙用途に合わせた高度な材料や合金の開発・製造が可能です。これらの材料は、航空宇宙事業で遭遇する高温、高圧、過酷な環境に耐えることができます。PM技術は、チタン、ニッケル、アルミニウムなどの元素を合金に組み込むことを可能にし、航空宇宙部品に必要な優れた特性を持つ材料を作り出します。例えば、国立医療図書館が2023年に発表した論文によると、粉末冶金は複合材料を作るための汎用性が高く、一般的に利用されている方法です。Cu-TiO2複合材料は、航空宇宙、電気、生物医療を含む様々なセグメントでの使用が期待されるため、近年重要性を増しています。Cu-TiO2（二酸化チタン）複合材料を調製するためにこのプロセスを採用する主要利点には、複合材料の微細構造を制御する能力、低コスト、高効率が含まれます。航空機産業では、複合材料は高い強度と耐摩耗性を必要とするタービンブレードのような部品の製造に利用できます。これらの要因が、粉末冶金市場のシェアをさらに押し上げています。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査の目的
• ステークホルダー
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブ概要

第4章 イントロダクション

• 概要
• 主要業界動向

第5章 世界の粉末冶金市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場予測

第6章 市場内訳：タイプ別

• 鉄
• 非鉄

第7章 市場内訳：材料別

• チタン
• 鋼鉄
• ニッケル
• アルミニウム
• その他

第8章 市場内訳：製造プロセス別

• 付加製造
• 粉末ベッド
• 吹き粉末
• 金属射出成形
• 粉末金属熱間静水圧プレス
• その他

第9章 市場内訳：用途別

• 自動車
• 航空宇宙
• 電気・電子
• 石油・ガス
• その他

第10章 市場内訳：地域別

• 北米
  • 米国
  • カナダ
• アジア太平洋
  • 中国
  • 日本
  • インド
  • 韓国
  • オーストラリア
  • インドネシア
  • その他
• 欧州
  • ドイツ
  • フランス
  • 英国
  • イタリア
  • スペイン
  • ロシア
  • その他
• ラテンアメリカ
  • ブラジル
  • メキシコ
  • その他
• 中東・アフリカ
  • 市場動向
  • 市場内訳：国別
  • 市場予測

第11章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第12章 バリューチェーン分析

第13章 ポーターのファイブフォース分析

• 概要
• 買い手の交渉力
• 供給企業の交渉力
• 競合の程度
• 新規参入業者の脅威
• 代替品の脅威

第14章 価格分析

第15章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • BASF SE
  • Carpenter Corporation
  • Catalus Corportation
  • Comtec Mfg.Inc.
  • Fine Sinter Co. Ltd.
  • Horizon Technology Inc.
  • Melrose Industries PLC
  • Perry Tool & Research Inc.
  • Phoenix Sintered Metals LLC
  • Precision Sintered Parts LLC
  • Sandvik AB
  • Sumitomo Electric Industries Ltd.

List of Figures

• Figure 1: Global: Powder Metallurgy Market: Major Drivers and Challenges
• Figure 2: Global: Powder Metallurgy Market: Sales Value (in Billion US$), 2018-2023
• Figure 3: Global: Powder Metallurgy Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 4: Global: Powder Metallurgy Market: Breakup by Type (in %), 2023
• Figure 5: Global: Powder Metallurgy Market: Breakup by Material (in %), 2023
• Figure 6: Global: Powder Metallurgy Market: Breakup by Manufacturing Process (in %), 2023
• Figure 7: Global: Powder Metallurgy Market: Breakup by Application (in %), 2023
• Figure 8: Global: Powder Metallurgy Market: Breakup by Region (in %), 2023
• Figure 9: Global: Powder Metallurgy (Ferrous) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 10: Global: Powder Metallurgy (Ferrous) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 11: Global: Powder Metallurgy (Non-Ferrous) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 12: Global: Powder Metallurgy (Non-Ferrous) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 13: Global: Powder Metallurgy (Titanium) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 14: Global: Powder Metallurgy (Titanium) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 15: Global: Powder Metallurgy (Steel) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 16: Global: Powder Metallurgy (Steel) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 17: Global: Powder Metallurgy (Nickel) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 18: Global: Powder Metallurgy (Nickel) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 19: Global: Powder Metallurgy (Aluminum) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 20: Global: Powder Metallurgy (Aluminum) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 21: Global: Powder Metallurgy (Other Materials) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 22: Global: Powder Metallurgy (Other Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 23: Global: Powder Metallurgy (Additive Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 24: Global: Powder Metallurgy (Additive Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 25: Global: Powder Metallurgy (Powder Bed) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 26: Global: Powder Metallurgy (Powder Bed) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 27: Global: Powder Metallurgy (Blown Powder) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 28: Global: Powder Metallurgy (Blown Powder) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 29: Global: Powder Metallurgy (Metal Injection Molding) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 30: Global: Powder Metallurgy (Metal Injection Molding) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 31: Global: Powder Metallurgy (Powder Metal Hot Isostatic Pressing) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 32: Global: Powder Metallurgy (Powder Metal Hot Isostatic Pressing) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 33: Global: Powder Metallurgy (Other Manufacturing Process) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 34: Global: Powder Metallurgy (Other Manufacturing Process) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 35: Global: Powder Metallurgy (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 36: Global: Powder Metallurgy (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 37: Global: Powder Metallurgy (Aerospace) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 38: Global: Powder Metallurgy (Aerospace) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 39: Global: Powder Metallurgy (Electrical and Electronics) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 40: Global: Powder Metallurgy (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 41: Global: Powder Metallurgy (Oil and Gas) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 42: Global: Powder Metallurgy (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 43: Global: Powder Metallurgy (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 44: Global: Powder Metallurgy (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 45: North America: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 46: North America: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 47: United States: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 48: United States: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 49: Canada: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 50: Canada: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 51: Asia-Pacific: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 52: Asia-Pacific: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 53: China: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 54: China: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 55: Japan: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 56: Japan: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 57: India: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 58: India: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 59: South Korea: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 60: South Korea: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 61: Australia: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 62: Australia: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 63: Indonesia: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 64: Indonesia: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 65: Others: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 66: Others: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 67: Europe: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 68: Europe: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 69: Germany: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 70: Germany: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 71: France: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 72: France: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 73: United Kingdom: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 74: United Kingdom: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 75: Italy: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 76: Italy: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 77: Spain: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 78: Spain: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 79: Russia: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 80: Russia: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 81: Others: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 82: Others: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 83: Latin America: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 84: Latin America: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 85: Brazil: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 86: Brazil: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 87: Mexico: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 88: Mexico: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 89: Others: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 90: Others: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 91: Middle East and Africa: Powder Metallurgy Market: Sales Value (in Million US$), 2018 & 2023
• Figure 92: Middle East and Africa: Powder Metallurgy Market: Breakup by Country (in %), 2023
• Figure 93: Middle East and Africa: Powder Metallurgy Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 94: Global: Powder Metallurgy Industry: SWOT Analysis
• Figure 95: Global: Powder Metallurgy Industry: Value Chain Analysis
• Figure 96: Global: Powder Metallurgy Industry: Porter's Five Forces Analysis

List of Tables

• Table 1: Global: Powder Metallurgy Market: Key Industry Highlights, 2023 and 2032
• Table 2: Global: Powder Metallurgy Market Forecast: Breakup by Type (in Million US$), 2024-2032
• Table 3: Global: Powder Metallurgy Market Forecast: Breakup by Material (in Million US$), 2024-2032
• Table 4: Global: Powder Metallurgy Market Forecast: Breakup by Manufacturing Process (in Million US$), 2024-2032
• Table 5: Global: Powder Metallurgy Market Forecast: Breakup by Application (in Million US$), 2024-2032
• Table 6: Global: Powder Metallurgy Market Forecast: Breakup by Region (in Million US$), 2024-2032
• Table 7: Global: Powder Metallurgy Market: Competitive Structure
• Table 8: Global: Powder Metallurgy Market: Key Players

The global powder metallurgy market size reached US$ 3.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.6 Billion by 2032, exhibiting a growth rate (CAGR) of 8.6% during 2024-2032. The expanding automotive industry, increasing product usage in manufacturing inert machine parts, and rising penetration of low-cost products represent some of the key factors driving the market growth.

Powder Metallurgy Market Analysis:

Major Market Drivers: The growing automotive industry, surging demand for cost-effective, efficient, and lightweight materials, rising number of infrastructure projects, etc., are propelling the market growth. Moreover, the increasing usage of powder metallurgy in various electronic devices is escalating the powder metallurgy market demand.

Key Market Trends: Ongoing advancements in material science, growing adoption of additive manufacturing, and increasing preferences towards green manufacturing are some of the factors expected to stimulate the market growth. Moreover, with the rising demand for miniaturized devices, powder metallurgy is advancing to meet these requirements. Techniques like metal injection molding (MIM) and micro powder injection molding (μPIM) enable the production of small, complex parts with tight tolerances and excellent surface finishes, thereby stimulating the industry's growth.

Competitive Landscape: Some of the leading powder metallurgy market companies are BASF SE, Carpenter Corporation, Catalus Corporation, Comtec Mfg.Inc., Fine Sinter Co. Ltd., Horizon Technology Inc., Melrose Industries PLC, Perry Tool & Research Inc., Phoenix Sintered Metals LLC, Precision Sintered Parts LLC, Sandvik AB, and Sumitomo Electric Industries Ltd., among many others.

Geographical Trends: According to the report, Asia Pacific accounted for the largest market share. Some of the factors driving the regional powder metallurgy market included the growing demand for enhanced infrastructures, rising adoption of additive manufacturing in the automotive sector, increasing need for lightweight components with improved performance, etc.

Challenges and Opportunities: High initial investment costs, time-consuming manufacturing process, environmental regulations, and quality control are some of the factors hampering the market growth. However, the rise of additive manufacturing (AM) technologies presents significant powder metallurgy market recent opportunities. AM techniques like selective laser melting (SLM) and metal binder jetting allow for the production of complex, customized parts with minimal material waste, thereby propelling the market growth.

Powder Metallurgy Market Trends:

Rising Demand from the Automotive Industry

With increasing pressure to improve fuel efficiency and reduce emissions, automotive manufacturers are turning to lightweight materials. Powder metallurgy offers lightweight components with high strength and precision, contributing to overall vehicle weight reduction. For instance, according to the U.S. Department of Energy, by 2030, one-fourth of the U.S. vehicular fleet could save over 5 billion gallons of fuel yearly due to advanced materials that enable lightweight components and high-efficiency engines. Powder metallurgy is widely used in the production of gears for engines and transmissions. PM gears offer high strength, wear resistance, and dimensional accuracy, making them suitable for demanding applications. For instance, Amsted Automotive presented cutting-edge innovations that are essential for the development of powertrains in May 2024, at the CTI Symposium. The company's exhibit highlighted the strengths of Means Industries, Burgess-Norton, and Transform Automotive, its three main business divisions. Throughout the event, Burgess-Norton showcased its acclaimed powder metal technology in a number of applications, such as gears, pocket and notch plates, sprockets, cam plates, and more. Powder metallurgy offers cost-effective solutions for automotive parts production. PM processes, including metal injection molding (MIM) and powder bed fusion (PBF) in 3D printing, have significantly lower material waste compared to traditional manufacturing methods. This is because PM processes typically start with fine metal powders, which are precisely shaped into the final part. This minimizes material waste and reduces the overall cost of production. In November 2023, researchers at IIT-Mandi discovered that the extrusion-based metal additive manufacturing process is the most superior and cost-effective way when compared to other approaches to metal 3D printing. Metal additive manufacturing (metal AM) uses thin metal powders to create strong, complicated components using computer-aided design (CAD) software or 3D scanning. These factors are further bolstering the powder metallurgy market revenue.

Growing Adoption of Additive Manufacturing

Additive manufacturing (AM), particularly in the form of 3D printing, is a significant driver of growth in the powder metallurgy (PM) market. 3D printing allows for the creation of complex geometries that are difficult or impossible to achieve with traditional manufacturing methods. This is particularly advantageous for powder metallurgy, as it enables the production of intricate shapes and internal structures without the need for specialized tooling or assembly. As a result, manufacturers can create highly optimized components with improved performance and functionality. For instance, in February 2024, Volkmann launched the PowTReX basic metal powder reprocessing system, that allows additive manufacturers to recover powder for reuse. It aims to support powder-based metal 3D printer users. Moreover, additive manufacturing allows for the creation of intricate lattice structures within metal parts, providing high strength-to-weight ratios and customized mechanical properties. Powder metallurgy supplies the metal powders used to create these lattice structures, offering opportunities for lightweighting and design optimization. For instance, in February 2024, researchers from RMIT University in Australia created a novel type of metamaterial made additively from Ti-6Al-4V titanium. The unusual lattice structures, with very high strength-to-weight ratios, have the potential to benefit a wide range of applications, including medical implants and aircraft or rocket parts. The researchers designed a hollow tubular lattice structure with a thin band running inside it manufactured using Laser Beam Powder Bed Fusion. These factors are positively influencing the powder metallurgy market forecast.

Increasing Utilization in the Aerospace Sector

The escalating demand in the aerospace industry is one of the prominent factors adding to the market growth. Aerospace manufacturers are constantly seeking ways to reduce aircraft weight to improve fuel efficiency and reduce operating costs. Powder metallurgy offers lightweight components with high strength-to-weight ratios, making it ideal for aerospace applications. PM components contribute to the overall weight reduction of aircraft, leading to fuel savings and lower emissions. For instance, in November 2023, ArcelorMittal SA, one of the world's major steel firms, announced the development of an industrial-scale atomizer in Aviles, Spain, to create steel powders for a variety of additive manufacturing technologies, including aerospace, defense, automotive, medical, and energy. Moreover, they formed a new company, ArcelorMittal Powders, to commercialize its metal powders, with a focus on Laser Beam Powder Bed Fusion (PBF-LB), Binder Jetting (BJT), and Directed Energy Deposition (DED) AM technologies. In addition, powder metallurgy allows for the development and production of advanced materials and alloys tailored for aerospace applications. These materials can withstand high temperatures, extreme pressures, and harsh environments encountered in aerospace operations. PM techniques enable the incorporation of elements like titanium, nickel, and aluminum into alloys, creating materials with exceptional properties required for aerospace components. For instance, according to the article published by the National Library of Medicine in 2023, powder metallurgy is a versatile and commonly utilized method of creating composite materials. Cu-TiO2 composites gained significance in recent years due to its prospective uses in a variety of areas, including aerospace, electrical, and biomedicine. The key benefits of employing this process to prepare Cu-TiO2 (titanium dioxide) composites include the ability to control the composite's microstructure, low cost, and high efficiency. In the aircraft industry, composite materials can be utilized to make components like turbine blades, which require high strength and wear resistance. These factors are further contributing to the powder metallurgy market share.

Powder Metallurgy Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global powder metallurgy market report, along with forecasts at the global, regional and country levels for 2024-2032. Our report has categorized the market based on type, material, manufacturing process, and application.

Breakup by Type:

Ferrous

Non-Ferrous

Ferrous dominates the market

The report has provided a detailed breakup and analysis of the powder metallurgy market based on the type. This includes ferrous and non-ferrous. According to the powder metallurgy report, ferrous represented the largest segment.

As industries like automotive, aerospace, and electronics continue to demand lightweight yet strong components, powder metallurgy offers an attractive solution. Ferrous materials, such as iron and steel powders, allow for the production of parts with high strength-to-weight ratios, making them ideal for applications where weight reduction is crucial. Moreover, innovations in powder production techniques, such as water atomization, gas atomization, and mechanical alloying, have improved the quality, purity, and consistency of ferrous powders. These advancements enable manufacturers to produce powders with tailored properties suitable for specific applications, driving the adoption of ferrous materials in powder metallurgy. For instance, in November 2023, ArcelorMittal SA, one of the world's major steel firms, announced to develop an industrial-scale atomizer in Aviles, Spain, to create steel powders for a variety of additive manufacturing technologies, including aerospace, defense, automotive, medical, and energy.

Breakup by Material:

Titanium

Steel

Nickel

Aluminum

Others

Steel hold the largest share in the market

A detailed breakup and analysis of the powder metallurgy market based on the material has also been provided in the report. This includes titanium, steel, nickel, aluminum, and others. According to the report, steel accounted for the largest market share.

According to the powder metallurgy market outlook, steel is one of the most widely used materials in powder metallurgy due to its versatility, strength, and cost-effectiveness. Steel powder is the primary raw material in PM for producing steel parts. It's typically produced through processes such as water atomization, gas atomization, or electrolytic deposition. These methods allow for the production of steel powders with controlled particle size, shape, and composition. Moreover, various alloying elements can be added to steel powders to enhance specific properties of the final components. Common alloying elements include nickel, molybdenum, chromium, and copper. Alloying helps improve properties such as strength, hardness, wear resistance, and corrosion resistance, making steel suitable for diverse applications. For instance, in May 2024, Swiss Steel Group, headquartered in Lucerne, Switzerland, launched a line of gas-atomized metal powders designed for the additive manufacturing sector. The company offers low- and medium-alloy steels under its Bainidur additive manufacturing line.

Breakup by Manufacturing Process:

Additive Manufacturing

Powder Bed

Blown Powder

Metal Injection Molding

Powder Metal Hot Isostatic Pressing

Others

Powder metal hot isostatic pressing accounts for the majority of the market share

A detailed breakup and analysis of the powder metallurgy market based on the manufacturing process has also been provided in the report. This includes additive manufacturing, powder bed, blown powder, metal injection molding, powder metal hot isostatic pressing, and others. According to the report, powder metal hot isostatic pressing accounted for the largest market share.

As per the powder metallurgy market outlook, Hot Isostatic Pressing (HIP) in powder metallurgy involves subjecting a material to both high temperature and high pressure simultaneously in order to consolidate and densify it. Various industries such as aerospace, automotive, oil & gas, and medical devices require components with high strength, precision, and reliability. PM HIP offers a way to produce such components with superior mechanical properties, including high density, excellent microstructure, and enhanced fatigue resistance. In September 2023, the Wallwork Group installed a Quintus Technologies Hot Isostatic Press (HIP) at its new HIP Centre in Bury, England. The press is equipped with Quintus' patented uniform rapid cooling (URC) technology, which, according to Quintus, allows for optimal temperature management and higher productivity while delivering the high material uniformity needed for parts intended for mission-critical applications.

Breakup by Application:

Automotive

Aerospace

Electrical and Electronics

Oil and Gas

Others

Automotive holds the largest share in the market

A detailed breakup and analysis of the powder metallurgy market based on the application has also been provided in the report. This includes automotive, aerospace, electrical and electronics, oil and gas, and others. According to the report, automotive accounted for the largest market share.

Powder metallurgy is extensively used in the production of various engine components in the automotive industry due to its ability to create complex shapes and maintain tight tolerances. Parts such as connecting rods, crankshafts, camshaft sprockets, oil pump gears, and pulleys are commonly manufactured using PM. These components require high strength, wear resistance, and dimensional accuracy, which can be achieved through PM. Moreover, powder metallurgy is utilized for manufacturing components in automatic and manual transmissions. Gears, synchronizer hubs, shift forks, and planetary carriers are examples of transmission components produced using PM. This offers advantages such as reduced weight, improved efficiency, and cost-effectiveness compared to traditional manufacturing methods. For instance, in February 2024, GKN Powder Metallurgy, a global pioneer in powder metallurgy and creative, sustainable solutions for a wide range of automotive and industrial applications, received the EcoVadis Platinum Rating for exceptional environmental performance.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia-Pacific exhibits a clear dominance in the market

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for powder metallurgy.

The automotive sector in Asia Pacific is one of the largest consumers of PM parts. With increasing vehicle production and demand for lightweight, high-performance components, powder metallurgy is extensively used for producing engine parts, chassis, and brake system parts. The rapid growth of the automotive industry in countries like China, India, Japan, and South Korea is a major driver for the powder metallurgy market in the region. Moreover, the ongoing industrialization and urbanization in Asia Pacific countries are driving the demand for PM components in various industries such as aerospace, consumer goods, industrial machinery, electronics, etc. PM parts find applications in a wide range of sectors, including power tools, household appliances, medical devices, and construction equipment, contributing to market growth. For instance, in February 2024, SAP Parts, Maharashtra, installed a new metal powder press at its sintering plant to boost powder metallurgy production.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global powder metallurgy market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include:

BASF SE

Carpenter Corporation

Catalus Corporation

Comtec Mfg.Inc.

Fine Sinter Co. Ltd.

Horizon Technology Inc.

Melrose Industries PLC

Perry Tool & Research Inc.

Phoenix Sintered Metals LLC

Precision Sintered Parts LLC

Sandvik AB

Sumitomo Electric Industries Ltd.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Powder Metallurgy Market Recent Developments:

May 2024: Uzbekistan's President Shavkat Mirziyoyev announced its plans to construct rare earth projects totaling US$ 500 Million. During a conference, the President suggested that the manufacturing of items in the country's new Powder Metallurgy industry might generate US$ 300 Million per year.

May 2024: Swiss Steel Group, headquartered in Lucerne, Switzerland, launched a line of gas-atomized metal powders designed for the additive manufacturing sector.

April 2024: Linde Advanced Material Technologies Inc. partnered with the National Aeronautics and Space Administration (NASA) to sell GRX-810 alloy metal powder.

February 2024: SAP Parts, Maharashtra, installed a new metal powder press at its sintering plant to boost powder metallurgy production.

Key Questions Answered in This Report

• 1. What was the size of the global powder metallurgy market in 2023?
• 2. What is the expected growth rate of the global powder metallurgy market during 2024-2032?
• 3. What are the key factors driving the global powder metallurgy market?
• 4. What has been the impact of COVID-19 on the global powder metallurgy market?
• 5. What is the breakup of the global powder metallurgy market based on the type?
• 6. What is the breakup of the global powder metallurgy market based on the material?
• 7. What is the breakup of the global powder metallurgy market based on the manufacturing process?
• 8. What is the breakup of the global powder metallurgy market based on the application?
• 9. What are the key regions in the global powder metallurgy market?
• 10. Who are the key players/companies in the global powder metallurgy market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Powder Metallurgy Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Type

• 6.1 Ferrous
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Non-Ferrous
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast

7 Market Breakup by Material

• 7.1 Titanium
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Steel
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Nickel
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Aluminum
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast
• 7.5 Others
  • 7.5.1 Market Trends
  • 7.5.2 Market Forecast

8 Market Breakup by Manufacturing Process

• 8.1 Additive Manufacturing
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Powder Bed
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Blown Powder
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Metal Injection Molding
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast
• 8.5 Powder Metal Hot Isostatic Pressing
  • 8.5.1 Market Trends
  • 8.5.2 Market Forecast
• 8.6 Others
  • 8.6.1 Market Trends
  • 8.6.2 Market Forecast

9 Market Breakup by Application

• 9.1 Automotive
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Aerospace
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Electrical and Electronics
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Oil and Gas
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast
• 9.5 Others
  • 9.5.1 Market Trends
  • 9.5.2 Market Forecast

10 Market Breakup by Region

• 10.1 North America
  • 10.1.1 United States
    • 10.1.1.1 Market Trends
    • 10.1.1.2 Market Forecast
  • 10.1.2 Canada
    • 10.1.2.1 Market Trends
    • 10.1.2.2 Market Forecast
• 10.2 Asia-Pacific
  • 10.2.1 China
    • 10.2.1.1 Market Trends
    • 10.2.1.2 Market Forecast
  • 10.2.2 Japan
    • 10.2.2.1 Market Trends
    • 10.2.2.2 Market Forecast
  • 10.2.3 India
    • 10.2.3.1 Market Trends
    • 10.2.3.2 Market Forecast
  • 10.2.4 South Korea
    • 10.2.4.1 Market Trends
    • 10.2.4.2 Market Forecast
  • 10.2.5 Australia
    • 10.2.5.1 Market Trends
    • 10.2.5.2 Market Forecast
  • 10.2.6 Indonesia
    • 10.2.6.1 Market Trends
    • 10.2.6.2 Market Forecast
  • 10.2.7 Others
    • 10.2.7.1 Market Trends
    • 10.2.7.2 Market Forecast
• 10.3 Europe
  • 10.3.1 Germany
    • 10.3.1.1 Market Trends
    • 10.3.1.2 Market Forecast
  • 10.3.2 France
    • 10.3.2.1 Market Trends
    • 10.3.2.2 Market Forecast
  • 10.3.3 United Kingdom
    • 10.3.3.1 Market Trends
    • 10.3.3.2 Market Forecast
  • 10.3.4 Italy
    • 10.3.4.1 Market Trends
    • 10.3.4.2 Market Forecast
  • 10.3.5 Spain
    • 10.3.5.1 Market Trends
    • 10.3.5.2 Market Forecast
  • 10.3.6 Russia
    • 10.3.6.1 Market Trends
    • 10.3.6.2 Market Forecast
  • 10.3.7 Others
    • 10.3.7.1 Market Trends
    • 10.3.7.2 Market Forecast
• 10.4 Latin America
  • 10.4.1 Brazil
    • 10.4.1.1 Market Trends
    • 10.4.1.2 Market Forecast
  • 10.4.2 Mexico
    • 10.4.2.1 Market Trends
    • 10.4.2.2 Market Forecast
  • 10.4.3 Others
    • 10.4.3.1 Market Trends
    • 10.4.3.2 Market Forecast
• 10.5 Middle East and Africa
  • 10.5.1 Market Trends
  • 10.5.2 Market Breakup by Country
  • 10.5.3 Market Forecast

11 SWOT Analysis

• 11.1 Overview
• 11.2 Strengths
• 11.3 Weaknesses
• 11.4 Opportunities
• 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

• 13.1 Overview
• 13.2 Bargaining Power of Buyers
• 13.3 Bargaining Power of Suppliers
• 13.4 Degree of Competition
• 13.5 Threat of New Entrants
• 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

• 15.1 Market Structure
• 15.2 Key Players
• 15.3 Profiles of Key Players
  • 15.3.1 BASF SE
    • 15.3.1.1 Company Overview
    • 15.3.1.2 Product Portfolio
    • 15.3.1.3 Financials
    • 15.3.1.4 SWOT Analysis
  • 15.3.2 Carpenter Corporation
    • 15.3.2.1 Company Overview
    • 15.3.2.2 Product Portfolio
    • 15.3.2.3 Financials
    • 15.3.2.4 SWOT Analysis
  • 15.3.3 Catalus Corportation
    • 15.3.3.1 Company Overview
    • 15.3.3.2 Product Portfolio
  • 15.3.4 Comtec Mfg.Inc.
    • 15.3.4.1 Company Overview
    • 15.3.4.2 Product Portfolio
  • 15.3.5 Fine Sinter Co. Ltd.
    • 15.3.5.1 Company Overview
    • 15.3.5.2 Product Portfolio
    • 15.3.5.3 Financials
  • 15.3.6 Horizon Technology Inc.
    • 15.3.6.1 Company Overview
    • 15.3.6.2 Product Portfolio
  • 15.3.7 Melrose Industries PLC
    • 15.3.7.1 Company Overview
    • 15.3.7.2 Product Portfolio
    • 15.3.7.3 Financials
  • 15.3.8 Perry Tool & Research Inc.
    • 15.3.8.1 Company Overview
    • 15.3.8.2 Product Portfolio
  • 15.3.9 Phoenix Sintered Metals LLC
    • 15.3.9.1 Company Overview
    • 15.3.9.2 Product Portfolio
  • 15.3.10 Precision Sintered Parts LLC
    • 15.3.10.1 Company Overview
    • 15.3.10.2 Product Portfolio
  • 15.3.11 Sandvik AB
    • 15.3.11.1 Company Overview
    • 15.3.11.2 Product Portfolio
    • 15.3.11.3 Financials
    • 15.3.11.4 SWOT Analysis
  • 15.3.12 Sumitomo Electric Industries Ltd.
    • 15.3.12.1 Company Overview
    • 15.3.12.2 Product Portfolio
    • 15.3.12.3 Financials
    • 15.3.12.4 SWOT Analysis