Global Powder Metallurgy Market Register at a CAGR of 4.9 % 2022
What is market size of Powder Metallurgy Market?
According to research cosmos analysts, the powder metallurgy market size is projected to reach a value of 10.5 billion by end of the year 2022. It is expected to register at a CAGR of 4.9%.
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What is growth driving factors of Powder Metallurgy Market?
The increasing demand for spherical metal shapes for the manufacture of metal injection molding (MIM) or 3D printing stimulates the absorption of powder metallurgy and is likely to stimulate the growth of the global powder metallurgy market.
Leading region in powder metallurgy market
North America dominated the market in 2017 and is expected to dominant during the forecast period due to increased demand for manufacturing additives in the region. Europe is expected to represent the second largest share of the global market.
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Key players in Powder Metallurgy Market include
- GKN Hoeganaes
- H.C. Starck
- Sumitomo Electric Company Ltd
- Sandvik AB
- Hitachi Chemical Company Ltd.
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