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India Powder Metallurgy Market

India Powder Metallurgy Market By Material (Ferrous Metals, Non-Ferrous Metals, Others); By Application (Automotive, Aerospace, Industrial Machinery, Electrical & Electronics, Others); By End-Use Industry (Transportation, Consumer Goods, Industrial); By Process (Blending, Compaction, Sintering) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
India Powder Metallurgy Market Size 2024	USD 79.9 million
India Powder Metallurgy Market, CAGR	8.79%
India Powder Metallurgy Market Size 2032	USD 156.77 million

Market Overview:

The India Powder Metallurgy Market is projected to grow from USD 79.9 million in 2024 to an estimated USD 156.77 million by 2032, with a compound annual growth rate (CAGR) of 8.79% from 2024 to 2032.

The growth of the powder metallurgy market in India is propelled by several key factors. The expansion of the automotive industry is a major driver, as India ranks among the largest global automotive producers. The industry’s push towards manufacturing lightweight, fuel-efficient vehicles has increased the demand for powder metallurgy, which enables the production of complex and lightweight components essential for automotive applications. Technological advancements have also contributed to market growth. The integration of additive manufacturing (3D printing) with powder metallurgy has unlocked new possibilities for creating intricate and customized components, enhancing design flexibility, and reducing material wastage, thereby aligning with sustainable manufacturing practices. Furthermore, industrial diversification is broadening the scope of powder metallurgy in India. Beyond automotive, sectors like aerospace, electronics, and medical devices are increasingly utilizing powder metallurgy due to its ability to produce high-precision components with superior mechanical properties. This wide application spectrum is driving consistent demand and fostering growth in the industry.

Asia-Pacific leads the global powder metallurgy market, with India emerging as a significant contributor alongside China, Japan, and South Korea. The region’s rapid industrialization, urbanization, and economic progress have significantly spurred demand for powder metallurgy components. In India, the growth is primarily driven by the expanding automotive sector, which remains one of the largest consumers of PM components. Moreover, the country’s emphasis on energy efficiency, sustainability, and the demand for high-performance materials are creating new opportunities for market expansion. Additionally, government initiatives promoting manufacturing innovation and foreign investments are further supporting regional growth. As India’s industrial landscape continues to evolve, the demand for advanced materials like powder metallurgy is expected to intensify, solidifying the country’s position in the global market.

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Market Insights:

The India Powder Metallurgy Market is projected to grow from USD 79.9 million in 2024 to USD 156.77 million by 2032, registering a CAGR of 8.79% during the forecast period.
The automotive industry remains the primary driver of market growth, with increasing demand for lightweight, fuel-efficient vehicles boosting the adoption of powder metallurgy components.
Technological advancements, particularly in additive manufacturing (3D printing), are expanding the application scope by enabling the production of intricate and customized components.
The aerospace and electronics sectors are increasingly adopting powder metallurgy for manufacturing high-strength, precision components, contributing to market diversification.
Government initiatives promoting domestic manufacturing, innovation, and foreign investments are enhancing market growth by providing a favorable regulatory environment.
Challenges such as fluctuating raw material prices, high initial investment costs, and limited awareness among end-users could impact market expansion.
The Asia-Pacific region leads the global market, with India emerging as a significant contributor, driven by rapid industrialization, sustainability initiatives, and growing demand for advanced materials.

Market Drivers:

Automotive Industry Expansion

The powder metallurgy (PM) market in India is experiencing significant growth, primarily driven by the burgeoning automotive sector. As one of the world’s largest automotive producers, India has seen a consistent rise in vehicle manufacturing, necessitating advanced manufacturing techniques. For instance, over 10 million electric cars were sold globally in 2022, with sales projected to increase by an additional 35% in 2023, reaching 14 million. PM offers cost-effective solutions for producing complex and lightweight components, essential for modern vehicles aiming to enhance fuel efficiency and performance. The industry’s shift towards electric vehicles (EVs) further amplifies this demand, as EVs require specialized components that PM can efficiently produce. This alignment with automotive manufacturing needs positions PM as a critical contributor to the sector’s evolution.

Technological Advancements in Manufacturing

Technological innovations, particularly in additive manufacturing (AM) and 3D printing, are propelling the PM market forward. These technologies enable the creation of intricate designs and customized components, expanding the possibilities for PM applications. For instance, advancements in Vacuum Inert Gas Atomisation (VIGA) technology have improved the production efficiency and scalability of metal powders, allowing for the development of novel alloys with enhanced properties. The synergy between PM and AM allows for the efficient production of complex geometries that traditional manufacturing methods may struggle to achieve. This advancement not only broadens the scope of PM applications but also enhances material utilization and reduces waste, contributing to more sustainable manufacturing practices.

Diversification into Aerospace and Electronics

Beyond the automotive industry, PM is making significant inroads into sectors such as aerospace and electronics. The aerospace industry’s demand for high-strength, lightweight components aligns with the capabilities of PM, leading to increased adoption. For example, turbine blades and disks are being manufactured using PM to improve performance, reduce weight, and enhance durability in aircraft engines. Similarly, the electronics sector benefits from PM’s precision in producing small, intricate parts essential for modern electronic devices. This diversification enhances the resilience and growth potential of the PM market, as it becomes integral to multiple high-growth industries.

Government Initiatives and Economic Policies

Government policies play a pivotal role in shaping the PM market landscape in India. The recent removal of customs duties on waste and scrap of critical minerals, including lithium-ion batteries, cobalt, and copper, aims to secure the availability of essential raw materials for domestic manufacturing. This policy not only reduces production costs but also encourages the recycling and efficient use of resources, aligning with sustainable development goals. Such initiatives create a favorable environment for the growth of the PM industry, ensuring that manufacturers have access to the necessary materials to meet increasing demand. For instance, the policy is part of the National Critical Mineral Mission, which aims to enhance domestic availability and strengthen strategic industries like clean energy and defense.

Market Trends:

Advancements in Additive Manufacturing

The integration of additive manufacturing (AM), commonly known as 3D printing, with powder metallurgy is revolutionizing the production landscape in India. This synergy allows for the creation of intricate and customized components with high precision, reducing material wastage and production time. For instance, INDO-MIM, a leading metal powder producer in India, specializes in manufacturing powders for additive manufacturing, including laser-bed fusion and binder-jet processes. Their facility is equipped with advanced atomizers that minimize satellite formation, enhancing powder flowability critical for additive manufacturing applications. Industries such as aerospace, healthcare, and automotive are increasingly adopting AM techniques to produce complex parts that were previously challenging to manufacture using traditional methods. This trend is expected to drive the demand for high-quality metal powders, fostering growth in the powder metallurgy market.

Emphasis on Sustainability and Recycling

Environmental sustainability is becoming a focal point in India’s manufacturing sector. Powder metallurgy inherently supports eco-friendly practices by enabling near-net-shape manufacturing, which minimizes material waste. Additionally, the recyclability of metal powders aligns with the global shift towards circular economies. For instance, companies like GKN Powder Metallurgy are committed to sustainability, aiming to reduce greenhouse gas emissions significantly by 2030 and achieve net-zero emissions by 2050. Indian manufacturers are increasingly investing in technologies that facilitate the recycling and reuse of metal powders, reducing the environmental footprint and promoting sustainable growth within the industry.

Rising Demand in the Electronics Sector

The electronics industry in India is experiencing rapid expansion, driven by increasing consumer demand for devices such as smartphones, laptops, and wearable technology. Powder metallurgy offers precise and efficient production methods for components used in these electronic devices. For instance, the consumer electronics and appliances sector in India is expected to become the fifth-largest in the world by 2025, according to Invest India. The ability to produce small, intricate parts with high reliability makes powder metallurgy an attractive choice for electronics manufacturers. This trend is anticipated to contribute significantly to the growth of the powder metallurgy market in the coming years.

Government Initiatives Supporting Industry Growth

The Indian government’s initiatives, such as the “Make in India” campaign, aim to boost domestic manufacturing and reduce dependency on imports. These policies encourage the adoption of advanced manufacturing technologies, including powder metallurgy, by providing incentives and creating a conducive environment for industry players. For example, the Technology Development Board (TDB) under the Department of Science and Technology (DST) has funded projects to enhance domestic production of essential materials like Neodymium and Rare Earth Permanent Magnets, which are integral to e-mobility applications. Such support is expected to accelerate the development and expansion of the powder metallurgy market, positioning India as a competitive player in the global manufacturing landscape.

Market Challenges Analysis:

Fluctuations in Raw Material Prices

The powder metallurgy industry in India faces significant challenges due to fluctuations in raw material prices. Volatility in the costs of essential materials such as iron, nickel, and cobalt can substantially impact production expenses. These price variations often result from global supply-demand imbalances, geopolitical tensions, and trade policies, making it difficult for manufacturers to maintain stable profit margins. Such unpredictability necessitates robust risk management strategies and can deter potential investments in the sector.

High Initial Capital Investment

Establishing powder metallurgy production facilities requires substantial initial capital investment. The need for specialized equipment, advanced technologies, and skilled personnel contributes to high setup costs. For small and medium-sized enterprises, these financial barriers can be particularly daunting, limiting their ability to enter or expand within the market. Consequently, the industry’s growth may be constrained by the reluctance of smaller players to undertake such significant financial commitments.

Technical Limitations and Quality Control

Despite advancements, powder metallurgy still encounters technical limitations that can affect the quality and performance of final products. Challenges such as achieving uniform density, controlling porosity, and ensuring consistent mechanical properties require meticulous process control. These technical hurdles can lead to increased rejection rates and higher production costs, posing significant challenges for manufacturers striving to meet stringent quality standards.

Limited Awareness and Adoption

A notable challenge for the Indian powder metallurgy industry is the limited awareness and adoption of PM technologies among original equipment manufacturers (OEMs). This lack of understanding regarding the capabilities and benefits of powder metallurgy has hindered its widespread application. Efforts to educate potential end-users and promote the advantages of PM are essential to overcome this barrier and facilitate industry growth.

Market Opportunities:

The India powder metallurgy market presents significant growth opportunities, particularly driven by the expanding electric vehicle (EV) and aerospace sectors. The Indian government’s emphasis on promoting sustainable transportation and reducing carbon emissions has catalyzed the growth of the EV industry. Powder metallurgy offers an efficient and cost-effective solution for manufacturing lightweight, durable, and complex components essential for electric vehicles. Components such as gears, bearings, and magnetic parts, produced through powder metallurgy, contribute to the overall efficiency and performance of EVs. Similarly, the aerospace sector demands high-performance materials with excellent strength-to-weight ratios, which powder metallurgy can effectively provide. As India increases its focus on aerospace manufacturing, including defense and commercial aviation, the demand for precision-engineered components will rise, creating new avenues for powder metallurgy applications.

The rising adoption of additive manufacturing technologies further enhances the opportunity landscape for powder metallurgy in India. Industries are increasingly recognizing the benefits of combining 3D printing with powder metallurgy to produce intricate, customized components with reduced material wastage and production time. This trend is opening new possibilities for sectors such as medical devices, electronics, and industrial machinery, where precision and customization are critical. Moreover, the growing inclination towards sustainable and energy-efficient production processes favors powder metallurgy, as it inherently minimizes waste and optimizes resource utilization. As industries seek innovative and eco-friendly manufacturing solutions, powder metallurgy is well-positioned to meet these evolving needs, offering significant market growth potential in the coming years.

Market Segmentation Analysis:

By Material Segment

The Indian powder metallurgy (PM) market is categorized into ferrous metals, non-ferrous metals, and others. Ferrous metals, including iron and steel powders, dominate the market due to their extensive use in automotive and industrial applications, attributed to their strength and cost-effectiveness. Non-ferrous metals, such as aluminum, copper, and titanium powders, are gaining traction, especially in aerospace and electronics sectors, owing to their lightweight and superior conductivity properties. The ‘others’ category encompasses specialty metals like tungsten and cobalt, utilized in niche applications requiring unique material characteristics.

By Application Segment

In terms of application, the PM market is segmented into automotive, aerospace, industrial machinery, electrical & electronics, and others. The automotive sector holds a significant share, leveraging PM for manufacturing components like gears and bearings, which enhance vehicle efficiency and performance. The aerospace industry increasingly adopts PM for producing lightweight, high-strength parts, aligning with the demand for fuel-efficient aircraft. Industrial machinery benefits from PM’s ability to create durable components with complex geometries, while the electrical and electronics sector utilizes PM for precise and efficient production of parts like magnetic cores and connectors.

By End-Use Industry Segment

The end-use industry segmentation includes transportation, consumer goods, and industrial sectors. Transportation, encompassing automotive and aerospace, is the largest consumer of PM components, driven by the need for lightweight and durable parts. The consumer goods sector employs PM in producing household appliances and tools, benefiting from cost-effective manufacturing of intricate components. The industrial segment utilizes PM for machinery and equipment, where durability and precision are paramount.

By Process Segment

The PM processes are segmented into blending, compaction, and sintering. Blending involves mixing metal powders to achieve desired material properties. Compaction compresses these powders into a specific shape, forming a ‘green’ part. Sintering then heats the compacted shape below its melting point, bonding the particles into a solid piece. Advancements in these processes have improved efficiency and expanded the range of applications for powder metallurgy in India.

Segmentation:

By Material Segment:

Ferrous Metals
Non-Ferrous Metals
Others

By Application Segment:

Automotive
Aerospace
Industrial Machinery
Electrical & Electronics
Others

By End-Use Industry Segment:

Transportation
Consumer Goods
Industrial

By Process Segment:

Blending
Compaction
Sintering

Regional Analysis:

India’s powder metallurgy (PM) market is experiencing significant growth, driven by its expanding industrial sectors and the increasing adoption of advanced manufacturing technologies. Key industrial hubs significantly contribute to the development and expansion of the PM industry.

Western Region

The western region of India, particularly the states of Maharashtra and Gujarat, serves as a pivotal area for the powder metallurgy market. Maharashtra, with its capital Mumbai, stands as a major industrial and financial center, hosting a multitude of automotive and manufacturing companies. The presence of these industries creates substantial demand for PM components, particularly in automotive applications. Gujarat’s robust industrial base, coupled with favorable business policies, has attracted numerous manufacturing enterprises, further bolstering the PM market in this region. While exact figures are not available, it is reasonable to infer that the western region holds a significant share of India’s PM market, possibly accounting for approximately 35% to 40% of the total market.

Southern Region

The southern region, including states like Tamil Nadu and Karnataka, plays a crucial role in the advancement of powder metallurgy in India. Tamil Nadu, with its capital Chennai, is often referred to as the “Detroit of India” due to its extensive automotive industry. This concentration of automotive manufacturers drives the demand for PM components used in vehicle production. Karnataka, particularly Bengaluru, is recognized for its thriving aerospace and electronics sectors. The aerospace industry’s need for lightweight, high-strength components aligns with the capabilities of powder metallurgy, fostering market growth in this region. Collectively, the southern region is estimated to contribute around 30% to 35% of the national PM market share.

Northern Region

The northern region, encompassing states such as Haryana and Uttar Pradesh, contributes significantly to the powder metallurgy market. Haryana’s proximity to the National Capital Region (NCR) and its well-established automotive industry create a substantial demand for PM components. Uttar Pradesh, with its growing industrial infrastructure, also presents opportunities for the expansion of powder metallurgy applications across various manufacturing sectors. This region is estimated to hold approximately 20% to 25% of India’s PM market share.

Eastern Region

The eastern region, including states like West Bengal and Odisha, is gradually emerging in the powder metallurgy landscape. West Bengal’s focus on industrial development and Odisha’s rich mineral resources provide a foundation for future growth in the PM sector. While currently less prominent compared to other regions, ongoing industrialization efforts may enhance the role of the eastern region in India’s powder metallurgy market. Presently, this region is estimated to account for about 5% to 10% of the national market share.

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Key Player Analysis:

Sumitomo Electric Industries, Ltd.
Molyworks Materials Corporation
Sandvik AB
JFE Steel Corporation
Showa Denko K.K.
Shanghai CNPC Powder Material Co., Ltd.
Daido Steel Co., Ltd.
Nippon Piston Ring Co., Ltd.
Hunan Hualiu New Materials Co., Ltd.

Competitive Analysis:

The powder metallurgy (PM) market in India is characterized by a mix of domestic and international companies, each contributing to the industry’s growth and competitiveness. Domestic firms have established a strong presence by catering to the specific needs of local industries, particularly in the automotive and manufacturing sectors. These companies leverage their understanding of regional market dynamics and cost-effective production techniques to maintain a competitive edge. For instance, Mahindra Group’s Mahindra Sintered Products: This domestic company has played a significant role in the growth of the powder metallurgy industry in India. Established in Pune, it has contributed to the production of structural PM parts, particularly for the automotive sector. International corporations have also recognized the potential of the Indian PM market, bringing advanced technologies and global expertise. Their involvement has introduced high-quality products and innovative solutions, elevating industry standards. The collaboration between domestic and international players fosters a competitive environment that drives technological advancements and efficiency improvements. This synergy is expected to enhance the overall growth trajectory of India’s powder metallurgy market in the coming years.

Recent Developments:

In January 2022, Powder Metal Goldschmidt, a German provider of powder metallurgy parts, acquired Yangzhou Leader Powder Metallurgy Co. Ltd., a China-based manufacturer, to strengthen its presence in the Chinese market. This acquisition aimed to enhance its product portfolio in the dynamic Chinese automotive industry.
In January 2023, Showa Denko merged with Hitachi Chemical to form Resonac. This integration aimed to leverage their combined strengths in raw materials and semiconductor materials.

Market Concentration & Characteristics:

The powder metallurgy (PM) market in India exhibits a moderately concentrated structure, with a blend of established domestic players and multinational corporations contributing to its growth. Leading companies dominate a significant portion of the market, leveraging their technological expertise, extensive distribution networks, and strong client relationships. However, the presence of small and medium-sized enterprises (SMEs) also contributes to the market’s competitive dynamics, particularly in niche segments. Market characteristics are defined by the increasing demand for lightweight, high-strength components, primarily driven by the automotive, aerospace, and electronics industries. The market is also characterized by advancements in additive manufacturing, which have enhanced production capabilities and product customization. Additionally, sustainability trends, such as recycling and efficient resource utilization, are shaping industry practices. While barriers to entry, including high capital investment and technological expertise, limit new entrants, the market offers growth opportunities for players focusing on innovation and quality-driven solutions.

Report Coverage:

The research report offers an in-depth analysis based on material type, application, end-use industry and process. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook:

The Indian powder metallurgy market is poised for steady growth, driven by increasing demand from the automotive, aerospace, and electronics sectors.
Rising adoption of electric vehicles will amplify the need for lightweight, high-performance PM components.
Technological advancements in additive manufacturing will expand design possibilities and enhance production efficiency.
Government initiatives supporting local manufacturing and sustainability will foster a favorable business environment.
Increased focus on recycling and sustainable practices will promote eco-friendly PM production.
Growth in the medical devices sector will create new avenues for precision PM components.
Expansion of industrial automation will drive demand for durable and customized PM solutions.
Advancements in material science will lead to the development of superior metal powders, enhancing product performance.
Rising foreign investments will stimulate innovation and infrastructure development within the PM sector.
Strategic collaborations between domestic and global players will strengthen market competitiveness and technological capabilities.

CHAPTER NO. 1 : INTRODUCTION 19

1.1.1. Report Description 19

Purpose of the Report 19

USP & Key Offerings 19

1.1.2. Key Benefits for Stakeholders 19

1.1.3. Target Audience 20

1.1.4. Report Scope 20

CHAPTER NO. 2 : EXECUTIVE SUMMARY 21

2.1. Powder Metallurgy Market Snapshot 21

2.1.1. India Powder Metallurgy Market, 2018 – 2032 (USD Million) 22

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 23

3.1. Russia-Ukraine and Israel-Palestine War Impacts 23

CHAPTER NO. 4 : POWDER METALLURGY MARKET – INDUSTRY ANALYSIS 24

4.1. Introduction 24

4.2. Market Drivers 25

4.2.1. Increasing demand for lightweight and fuel-efficient vehicles 25

4.2.2. Advancements in additive manufacturing techniques 26

4.3. Market Restraints 27

4.3.1. High initial setup costs 27

4.4. Market Opportunities 28

4.4.1. Rising adoption of powder metallurgy in medical implants and devices 28

4.5. Porter’s Five Forces Analysis 29

4.6. Buying Criteria 30

CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 31

5.1. Import Analysis by India 31

5.1.1. India Powder Metallurgy Market Import Volume/Revenue, By India, 2018 – 2023 31

5.2. Export Analysis by India 32

5.2.1. India Powder Metallurgy Market Export Volume/Revenue, By India, 2018 – 2023 32

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 33

6.1. Demand Analysis by India 33

6.1.1. India Powder Metallurgy Market Demand Volume/Revenue, By India, 2018 – 2023 33

6.2. Supply Analysis by India 34

6.2.1. India Powder Metallurgy Market Supply Volume/Revenue, By India, 2018 – 2023 34

CHAPTER NO. 7 : PRODUCTION ANALYSIS 35

7.1. Production Analysis by India 35

7.1.1. India Powder Metallurgy Market Production Volume/Revenue, By India, 2018 – 2023 35

CHAPTER NO. 8 : PRICE ANALYSIS 36

8.1. Price Analysis by Material 36

8.1.1. India Powder Metallurgy Market Price, By Material, 2018 – 2023 36

8.1.2. India Material Market Price, By Material, 2018 – 2023 36

CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 37

9.1. Key Raw Materials and Suppliers 37

9.2. Key Raw Materials Price Trend 37

CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 38

10.1. Manufacturing Cost Analysis 38

10.2. Manufacturing Process 38

CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 39

11.1. Company Market Share Analysis – 2023 39

11.2. Value Chain Analysis 39

11.2.1. India Powder Metallurgy Market: Company Market Share, by Volume, 2023 40

11.2.2. India Powder Metallurgy Market: Company Market Share, by Revenue, 2023 41

11.2.3. India Powder Metallurgy Market: Top 6 Company Market Share, by Revenue, 2023 41

11.2.4. India Powder Metallurgy Market: Top 3 Company Market Share, by Revenue, 2023 42

11.3. India Powder Metallurgy Market Company Volume Market Share, 2023 43

11.4. India Powder Metallurgy Market Company Revenue Market Share, 2023 44

11.5. Company Assessment Metrics, 2023 44

11.5.1. Stars 44

11.5.2. Emerging Leaders 44

11.5.3. Pervasive Players 44

11.5.4. Participants 44

11.6. Start-ups /SMEs Assessment Metrics, 2023 44

11.6.1. Progressive Companies 44

11.6.2. Responsive Companies 45

11.6.3. Dynamic Companies 45

11.6.4. Starting Blocks 45

11.7. Strategic Developments 46

11.7.1. Acquisitions & Mergers 46

New Product Launch 46

India Expansion 46

11.8. Key Players Product Matrix 47

CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 48

12.1. PESTEL 48

12.1.1. Political Factors 48

12.1.2. Economic Factors 48

12.1.3. Social Factors 48

12.1.4. Technological Factors 48

12.1.5. Environmental Factors 48

12.1.6. Legal Factors 48

12.2. Adjacent Market Analysis 48

CHAPTER NO. 13 : POWDER METALLURGY MARKET – BY MATERIAL SEGMENT ANALYSIS 49

13.1. Powder Metallurgy Market Overview, by Material Segment 49

13.1.1. Powder Metallurgy Market Revenue Share, By Material, 2023 & 2032 50

13.1.2. Powder Metallurgy Market Attractiveness Analysis, By Material 51

13.1.3. Incremental Revenue Growth Opportunity, by Material, 2024 – 2032 51

13.1.4. Powder Metallurgy Market Revenue, By Material, 2018, 2023, 2027 & 2032 52

13.2. Ferrous Metals 53

13.3. Non-Ferrous Metals 54

13.4. Others 55

CHAPTER NO. 14 : POWDER METALLURGY MARKET – BY APPLICATION SEGMENT ANALYSIS 56

14.1. Powder Metallurgy Market Overview, by Application Segment 56

14.1.1. Powder Metallurgy Market Revenue Share, By Application, 2023 & 2032 57

14.1.2. Powder Metallurgy Market Attractiveness Analysis, By Application 58

14.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 58

14.1.4. Powder Metallurgy Market Revenue, By Application, 2018, 2023, 2027 & 2032 59

14.2. Automotive 60

14.3. Aerospace 61

14.4. Industrial Machinery 62

14.5. Electrical & Electronics 63

14.6. Others 64

CHAPTER NO. 15 : POWDER METALLURGY MARKET – BY END-USE INDUSTRY SEGMENT ANALYSIS 65

15.1. Powder Metallurgy Market Overview, by End-Use Industry Segment 65

15.1.1. Powder Metallurgy Market Revenue Share, By End-Use Industry, 2023 & 2032 66

15.1.2. Powder Metallurgy Market Attractiveness Analysis, By End-Use Industry 67

15.1.3. Incremental Revenue Growth Opportunity, by End-Use Industry, 2024 – 2032 67

15.1.4. Powder Metallurgy Market Revenue, By End-Use Industry, 2018, 2023, 2027 & 2032 68

15.2. Transportation 69

15.3. Consumer Goods 70

15.4. Industrial 71

CHAPTER NO. 16 : POWDER METALLURGY MARKET – BY PROCESS SEGMENT ANALYSIS 72

16.1. Powder Metallurgy Market Overview, by Process Segment 72

16.1.1. Powder Metallurgy Market Revenue Share, By Process, 2023 & 2032 73

16.1.2. Powder Metallurgy Market Attractiveness Analysis, By Process 74

16.1.3. Incremental Revenue Growth Opportunity, by Process, 2024 – 2032 74

16.1.4. Powder Metallurgy Market Revenue, By Process, 2018, 2023, 2027 & 2032 75

16.2. Blending 76

16.3. Compaction 77

16.4. Sintering 78

CHAPTER NO. 17 : POWDER METALLURGY MARKET – INDIA ANALYSIS 79

17.1. Material 79

17.1.1. India Powder Metallurgy Market Revenue, By Material, 2018 – 2023 (USD Million) 79

17.2. India Powder Metallurgy Market Revenue, By Material, 2024 – 2032 (USD Million) 79

17.3. Application 80

17.3.1. India Powder Metallurgy Market Revenue, By Application, 2018 – 2023 (USD Million) 80

17.3.2. India Powder Metallurgy Market Revenue, By Application, 2024 – 2032 (USD Million) 80

17.4. End-Use Industry 81

17.4.1. India Powder Metallurgy Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 81

17.4.2. India Powder Metallurgy Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 81

17.5. Process 82

17.5.1. India Powder Metallurgy Market Revenue, By Process, 2018 – 2023 (USD Million) 82

17.5.2. India Powder Metallurgy Market Revenue, By Process, 2024 – 2032 (USD Million) 82

CHAPTER NO. 18 : COMPANY PROFILES 83

18.1.1. Company Overview 83

18.1.2. Product Portfolio 83

18.1.3. Swot Analysis 83

18.1.4. Business Strategy 84

18.1.5. Financial Overview 84

18.2. Sumitomo Electric Industries, Ltd. 85

18.3. Molyworks Materials Corporation 85

18.4. Sandvik AB 85

18.5. JFE Steel Corporation 85

18.6. Showa Denko K.K. 85

18.7. Shanghai CNPC Powder Material Co., Ltd. 85

18.8. Daido Steel Co., Ltd. 85

18.9. Nippon Piston Ring Co., Ltd. 85

18.10. Hunan Hualiu New Materials Co., Ltd. 85

List of Figures

FIG NO. 1. India Powder Metallurgy Market Revenue, 2018 – 2032 (USD Million) 22

FIG NO. 2. Porter’s Five Forces Analysis for India Powder Metallurgy Market 29

FIG NO. 3. India Powder Metallurgy Market Import Volume/Revenue, By India, 2018 – 2023 31

FIG NO. 4. India Powder Metallurgy Market Export Volume/Revenue, By India, 2018 – 2023 32

FIG NO. 5. India Powder Metallurgy Market Demand Volume/Revenue, By India, 2018 – 2023 33

FIG NO. 6. India Powder Metallurgy Market Supply Volume/Revenue, By India, 2018 – 2023 34

FIG NO. 7. India Powder Metallurgy Market Production Volume/Revenue, By India, 2018 – 2023 35

FIG NO. 8. India Powder Metallurgy Market Price, By Material, 2018 – 2023 36

FIG NO. 9. Raw Materials Price Trend Analysis, 2018 – 2023 37

FIG NO. 10. Manufacturing Cost Analysis 38

FIG NO. 11. Manufacturing Process 38

FIG NO. 12. Value Chain Analysis for India Powder Metallurgy Market 39

FIG NO. 13. Company Share Analysis, 2023 40

FIG NO. 14. Company Share Analysis, 2023 41

FIG NO. 15. Company Share Analysis, 2023 41

FIG NO. 16. Company Share Analysis, 2023 42

FIG NO. 17. Powder Metallurgy Market – Company Volume Market Share, 2023 43

FIG NO. 18. Powder Metallurgy Market – Company Revenue Market Share, 2023 44

FIG NO. 19. Powder Metallurgy Market Revenue Share, By Material, 2023 & 2032 50

FIG NO. 20. Market Attractiveness Analysis, By Material 51

FIG NO. 21. Incremental Revenue Growth Opportunity by Material, 2024 – 2032 51

FIG NO. 22. Powder Metallurgy Market Revenue, By Material, 2018, 2023, 2027 & 2032 52

FIG NO. 23. India Powder Metallurgy Market for Ferrous Metals, Revenue (USD Million) 2018 – 2032 53

FIG NO. 24. India Powder Metallurgy Market for Non-Ferrous Metals, Revenue (USD Million) 2018 – 2032 54

FIG NO. 25. India Powder Metallurgy Market for Others, Revenue (USD Million) 2018 – 2032 55

FIG NO. 26. Powder Metallurgy Market Revenue Share, By Application, 2023 & 2032 57

FIG NO. 27. Market Attractiveness Analysis, By Application 58

FIG NO. 28. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 58

FIG NO. 29. Powder Metallurgy Market Revenue, By Application, 2018, 2023, 2027 & 2032 59

FIG NO. 30. India Powder Metallurgy Market for Automotive, Revenue (USD Million) 2018 – 2032 60

FIG NO. 31. India Powder Metallurgy Market for Aerospace, Revenue (USD Million) 2018 – 2032 61

FIG NO. 32. India Powder Metallurgy Market for Industrial Machinery, Revenue (USD Million) 2018 – 2032 62

FIG NO. 33. India Powder Metallurgy Market for Electrical & Electronics, Revenue (USD Million) 2018 – 2032 63

FIG NO. 34. India Powder Metallurgy Market for Others, Revenue (USD Million) 2018 – 2032 64

FIG NO. 35. Powder Metallurgy Market Revenue Share, By End-Use Industry, 2023 & 2032 66

FIG NO. 36. Market Attractiveness Analysis, By End-Use Industry 67

FIG NO. 37. Incremental Revenue Growth Opportunity by End-Use Industry, 2024 – 2032 67

FIG NO. 38. Powder Metallurgy Market Revenue, By End-Use Industry, 2018, 2023, 2027 & 2032 68

FIG NO. 39. India Powder Metallurgy Market for Transportation, Revenue (USD Million) 2018 – 2032 69

FIG NO. 40. India Powder Metallurgy Market for Consumer Goods, Revenue (USD Million) 2018 – 2032 70

FIG NO. 41. India Powder Metallurgy Market for Industrial, Revenue (USD Million) 2018 – 2032 71

FIG NO. 42. Powder Metallurgy Market Revenue Share, By Process, 2023 & 2032 73

FIG NO. 43. Market Attractiveness Analysis, By Process 74

FIG NO. 44. Incremental Revenue Growth Opportunity by Process, 2024 – 2032 74

FIG NO. 45. Powder Metallurgy Market Revenue, By Process, 2018, 2023, 2027 & 2032 75

FIG NO. 46. India Powder Metallurgy Market for Blending, Revenue (USD Million) 2018 – 2032 76

FIG NO. 47. India Powder Metallurgy Market for Compaction, Revenue (USD Million) 2018 – 2032 77

FIG NO. 48. India Powder Metallurgy Market for Sintering, Revenue (USD Million) 2018 – 2032 78

List of Tables

TABLE NO. 1. : India Powder Metallurgy Market: Snapshot 21

TABLE NO. 2. : Drivers for the Powder Metallurgy Market: Impact Analysis 25

TABLE NO. 3. : Restraints for the Powder Metallurgy Market: Impact Analysis 27

TABLE NO. 4. : India Powder Metallurgy Market Revenue, By Material, 2018 – 2023 36

TABLE NO. 5. : Key Raw Materials & Suppliers 37

TABLE NO. 6. : India Powder Metallurgy Market Revenue, By Material, 2018 – 2023 (USD Million) 79

TABLE NO. 7. : India Powder Metallurgy Market Revenue, By Material, 2024 – 2032 (USD Million) 79

TABLE NO. 8. : India Powder Metallurgy Market Revenue, By Application, 2018 – 2023 (USD Million) 80

TABLE NO. 9. : India Powder Metallurgy Market Revenue, By Application, 2024 – 2032 (USD Million) 80

TABLE NO. 10. : India Powder Metallurgy Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 81

TABLE NO. 11. : India Powder Metallurgy Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 81

TABLE NO. 12. : India Powder Metallurgy Market Revenue, By Process, 2018 – 2023 (USD Million) 82

TABLE NO. 13. : India Powder Metallurgy Market Revenue, By Process, 2024 – 2032 (USD Million) 82

Frequently Asked Questions

What is the current size of the India Powder Metallurgy Market?

The India Powder Metallurgy Market is projected to grow from USD 79.9 million in 2024 to USD 156.77 million by 2032, registering a compound annual growth rate (CAGR) of 8.79% during the forecast period.

What are the key segments within the India Powder Metallurgy Market?

Key segments include automotive components, aerospace parts, electronics, and medical devices, where powder metallurgy is used for producing high-precision and lightweight components.

What are some challenges faced by the India Powder Metallurgy Market?

The market faces challenges like fluctuations in raw material prices, high initial capital investments, technical limitations in production, and limited awareness among end-users.

Who are the major players in the India Powder Metallurgy Market?

The market consists of both domestic and international companies specializing in manufacturing metal powders and PM components, contributing to the industry’s competitiveness and growth.

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