- Bronze
- Steel
- Iron
- Brass
- Copper
- Aluminum
Middle East and Africa Powdered Metallurgy Components Market size is valued at USD x billion in 2021 and is expected to reach USD x billion by 2028, at a CAGR of x% during the forecast period 2022-2028. Due to its economic effectiveness, powder metallurgy is a preferred manufacturing process for a variety of structural products. Transmission components, belt pulleys, and engine parts are just a few of the applications for these components. Filters that require increased strength and shock resistance are also made with powder metallurgy components. These components are used to make gears, bushes, bearings, sprockets, rotors, and magnets, among other industrial elements. Hardware, business equipment, domestic appliances, industrial motors, hydraulics, and hand tools are all made with powder metallurgy components. The demand for aluminium and titanium-based powder metals is expected to rise in response to rapid technological improvements in electrical and computer components.
The healthcare sector finds a prominent role in powdered metallurgy components market. Healthcare sector is the leading market for powdered metallurgy components. This can be attributed to growing use of these components in the healthcare sector that encloses components which can be prepared through powder-based routes such as producing customized medical implants by means of additive manufacturing plus producing porous implant structures (to match bone stiffness and to aid osteo-integration) by PM dispensation (MIM, Press/Sinter PM etc.) of materials encompassing space-holder trappings that are detached after forming. Metal injection molding through which many surgical instruments and dental implants are produced. Rare earth permanent magnets which are processed from powders are used, large quantity in MRI scanners. Automotive sector is the lucrative market for powdered metallurgy components. It accounts for a major share of about 80% of sales predominantly for automotive applications.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
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