Market Report

Powder Metallurgy Market Overview Powder metallurgy market size is forecast to reach US$10.6 billion by 2026, after growing at a CAGR of 7.8% during 2021-2026, as it provides a host of advantages over other competing metal powders forming technologies such as increased efficiency, cost-effectiveness, flexibility, consistency, and more. The recent advances in powder metallurgy manufacturing techniques continue to grow and expand the scope of applications in which powder metallurgy can be induced, which is also anticipated to propel the market of powder metallurgy. The rapid growth of the aerospace industry has increased the demand for powder metals such as tungsten carbide; thereby, fueling the market growth. Furthermore, the flourishing automotive industry is also expected to drive the powder metallurgy industry substantially during the forecast period. COVID-19 Impact The onset of Covid-19 in the entire nation had a negative impact on the automotive industry. There was an overall re...