Powder Metallurgy Market Size, Share And Growth 2033
Jamessmithjimmy124 Apr, 2025Business
The global powder metallurgy market reached a valuation of USD 3.4 billion in 2024 and is projected to grow to USD 7.1 billion by 2033, exhibiting a compound annual growth rate (CAGR) of 8.13% during the forecast period of 2025–2033, according to IMARC Group. This growth is primarily driven by the expanding automotive industry, which increasingly utilizes powder metallurgy for manufacturing lightweight and high-strength components such as gears and cams. The process's ability to produce complex shapes with minimal material waste makes it ideal for automotive applications. GlobeNewswire
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