The Global Powder Metallurgy Market size is estimated at USD 19.83 billion in 2023, and is expected to reach USD 24.93 billion by 2028, growing at a CAGR of 4.68% during the forecast period (2023-2028).
In 2020, COVID-19 negatively impacted the market. However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.
The powder metallurgy market is consolidated in nature. Some of the major players in the market include Melrose Industries PLC, Sumitomo Electric Industries, Ltd., Höganäs AB, ATI, and Showa Denko Materials Co., Ltd., among others (in no particular order).
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