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Mexico Powder Metallurgy Market

Mexico 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

Price: $2699

Published: | Report ID: 80230 | Report Format : Excel, PDF
REPORT ATTRIBUTE DETAILS
Historical Period 2020-2023
Base Year 2024
Forecast Period 2025-2032
Mexico Powder Metallurgy Market Size 2024 USD 68.6 million
Mexico Powder Metallurgy Market, CAGR 5.29%
Mexico Powder Metallurgy Market Size 2032 USD 113.25 million

Market Overview:

The Mexico Powder Metallurgy Market is projected to grow from USD 68.6 million in 2024 to an estimated USD 103.62 million by 2032, with a compound annual growth rate (CAGR) of 5.29% from 2024 to 2032.

The growth of the powder metallurgy market in Mexico is driven by several key factors. Firstly, the expansion of the automotive industry plays a crucial role. Mexico is a major manufacturing hub for automotive components, with powder metallurgy being a preferred method due to its cost-effectiveness, efficiency, and ability to produce lightweight, durable parts. The demand for sustainable and fuel-efficient vehicles has further accelerated the adoption of this technology. Secondly, technological advancements, particularly in additive manufacturing (3D printing), have significantly enhanced the capabilities of powder metallurgy. These innovations enable the production of complex and precise components, broadening the range of applications and increasing manufacturing efficiency. The aerospace sector also contributes to market growth, as powder metallurgy is essential for producing high-strength, lightweight components, aligning with the industry’s performance requirements.

Regionally, Mexico’s strategic geographical position and economic agreements have strengthened its role in the global powder metallurgy market. As part of the North American region, Mexico benefits from proximity to the United States and Canada, key markets for powder metallurgy components. The country’s competitive manufacturing landscape and access to skilled labor make it an attractive destination for global manufacturers. Moreover, trade agreements like the United States-Mexico-Canada Agreement (USMCA) facilitate seamless trade, enhancing Mexico’s export potential. This strategic integration into global supply chains positions Mexico as a vital player in the growth and development of the powder metallurgy sector.

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Market Insights:

  • The Mexico Powder Metallurgy Market is projected to grow from USD 68.6 million in 2024 to USD 103.62 million by 2032, registering a CAGR of 5.29%.
  • The expansion of Mexico’s automotive sector significantly contributes to market growth, with powder metallurgy favored for its efficiency, cost-effectiveness, and ability to produce lightweight, durable components.
  • Technological advancements, particularly in additive manufacturing (3D printing), are broadening the application scope by enabling the production of complex and precise components across industries.
  • The aerospace industry presents growth opportunities, with increasing demand for high-strength, lightweight components aligning with powder metallurgy’s capabilities.
  • Government initiatives to enhance local manufacturing capabilities, attract investments, and simplify regulations are bolstering market expansion.
  • Mexico’s strategic geographical position and economic agreements, like the USMCA, strengthen its role in the global supply chain, enhancing its export potential.
  • Diversification into emerging sectors such as medical devices, electronics, and industrial machinery is mitigating industry risks and ensuring long-term market resilience.

Market Drivers:

Automotive Industry Expansion

Mexico’s automotive industry stands as a pivotal force propelling the growth of the powder metallurgy market. The nation’s strategic location, coupled with favorable trade agreements, has attracted significant investments from global automotive manufacturers. Powder metallurgy offers cost-effective solutions for producing complex and high-performance automotive components such as gears, bearings, and pistons. The increasing emphasis on lightweight and fuel-efficient vehicles further amplifies the demand for powder metallurgy, as it enables the production of durable yet lightweight parts essential for enhancing vehicle efficiency. For example, investments in electric vehicle (EV) manufacturing are expanding, with plans to build a new EV hub in Sonora, which is already a leader in lithium production for EV batteries.

Technological Advancements in Manufacturing

The advent of advanced manufacturing technologies, notably additive manufacturing (3D printing), has revolutionized the powder metallurgy landscape in Mexico. For instance, ultra-high-temperature sintering, as demonstrated by Höganäs’ research, improves material properties like tensile strength and bending fatigue, making it ideal for high-performance applications where materials like Astaloy CrM are used. These technologies facilitate the creation of intricate geometries and customized components that are challenging to produce using traditional methods. The ability to rapidly prototype and manufacture complex parts has opened new avenues for powder metallurgy applications across various industries, including aerospace, medical devices, and consumer electronics. This technological progression not only enhances production efficiency but also reduces material waste, aligning with sustainable manufacturing practices.

Government Initiatives and Economic Policies

The Mexican government’s proactive economic policies and initiatives play a crucial role in bolstering the powder metallurgy market. Efforts to position Mexico as a leading global economy by enhancing local manufacturing capabilities and reducing import dependencies have created a conducive environment for industrial growth. Initiatives aimed at attracting investments, simplifying regulatory frameworks, and fostering innovation have stimulated the manufacturing sector, thereby increasing the adoption of powder metallurgy techniques. These policies not only strengthen domestic industries but also enhance Mexico’s competitiveness in the global market.  For instance, the plan includes immediate tax deductions for new investments and additional deductions for employee training and innovation projects, which help businesses reduce costs and invest in growth.

Diversification into Emerging Sectors

Beyond traditional applications, powder metallurgy in Mexico is experiencing growth through diversification into emerging sectors. For example, the renewable energy sector benefits from powder metallurgy in the production of components for wind turbines and solar panels, where lightweight yet durable materials are essential. Similarly, the medical sector’s need for precise and biocompatible implants and instruments aligns with the capabilities of powder metallurgy. The electronics industry also benefits from powder metallurgy in the production of components like magnetic materials and conductive parts. This diversification not only broadens the market scope but also mitigates risks associated with dependency on a single industry, ensuring sustained growth and resilience of the powder metallurgy market in Mexico.

Market Trends:

Integration of Additive Manufacturing Technologies

The Mexican powder metallurgy market is witnessing a significant trend towards the integration of additive manufacturing technologies, particularly 3D printing. This advancement enables the production of complex geometries and customized components with high precision, which were previously challenging to achieve through traditional manufacturing methods. For example, the use of metal powders in 3D printing allows for rapid prototyping and manufacturing of intricate parts, enhancing production efficiency and reducing material waste. Industries such as aerospace, medical devices, and consumer electronics are increasingly adopting these technologies to improve their manufacturing processes. Industries such as aerospace, medical devices, and consumer electronics are increasingly adopting these technologies to enhance production efficiency and reduce material waste. The ability to rapidly prototype and manufacture intricate parts is opening new avenues for powder metallurgy applications in Mexico.

Diversification into Emerging Sectors

Beyond traditional applications, powder metallurgy in Mexico is experiencing growth through diversification into emerging sectors. The aerospace industry, for instance, demands high-strength, lightweight components, which are efficiently produced using powder metallurgy processes. Similarly, the medical sector’s need for precise and biocompatible implants and instruments aligns with the capabilities of powder metallurgy. The electronics industry also benefits from powder metallurgy in the production of components like magnetic materials and conductive parts. This diversification not only broadens the market scope but also mitigates risks associated with dependency on a single industry, ensuring sustained growth and resilience of the powder metallurgy market in Mexico.

Emphasis on Sustainable Manufacturing Practices

Sustainability has become a pivotal focus in Mexico’s manufacturing landscape, influencing the powder metallurgy market significantly. Powder metallurgy inherently supports sustainable practices by minimizing material waste and enabling the recycling of metal powders. Manufacturers are increasingly adopting these processes to align with environmental regulations and meet the growing consumer demand for eco-friendly products. This emphasis on sustainability is not only enhancing the industry’s environmental footprint but also contributing to cost savings and operational efficiency. For instance, the precise control over material usage in powder metallurgy processes reduces waste generation compared to traditional manufacturing methods.

Advancements in Material Development

Continuous advancements in material development are shaping the powder metallurgy market in Mexico. Researchers and manufacturers are focusing on developing new metal powders and alloys with enhanced properties such as increased strength, corrosion resistance, and thermal stability. These innovations are expanding the application possibilities of powder metallurgy across various industries, including automotive, aerospace, and medical sectors. The development of specialized materials is enabling the production of components that meet specific performance requirements, thereby driving the market’s growth and competitiveness. For example, advancements in sintering processes allow for the creation of complex structures with improved mechanical properties, further enhancing the versatility of powder metallurgy applications.

Market Challenges Analysis:

High Costs of Metal Powders

The elevated cost of metal powders poses a significant challenge to the growth of the powder metallurgy market in Mexico. Compared to traditional manufacturing materials, metal powders used in additive manufacturing can be substantially more expensive. For instance, stainless steel powder for additive manufacturing can cost around USD 8.0 per square centimeter, which is over 100 times the cost of commercial-grade stainless steel used in conventional manufacturing. This substantial cost disparity can deter manufacturers from adopting powder metallurgy techniques, especially when operating under tight budget constraints.

Quality Consistency and Material Limitations

Ensuring consistent quality in powder metallurgy products remains a pressing concern. Challenges such as achieving uniform density and mechanical properties across components can affect the reliability of the final products. Additionally, the limited availability of materials suitable for powder metallurgy restricts its application scope. While advancements are being made, the current range of materials does not yet match the diversity available in traditional manufacturing processes, thereby limiting the versatility of powder metallurgy.

Environmental and Regulatory Challenges

Environmental compliance presents another layer of challenges for the powder metallurgy industry in Mexico. Instances of improper handling and storage of hazardous materials have raised concerns about environmental contamination and public health risks. For example, authorities discovered 30,000 tons of improperly stored hazardous materials at a plant in Monterrey, leading to regulatory actions and increased scrutiny of industry practices. Such incidents highlight the need for stringent adherence to environmental regulations to prevent potential ecological and health hazards.

Technological and Workforce Adaptation

The rapid evolution of manufacturing technologies necessitates continuous adaptation within the powder metallurgy sector. Challenges include integrating new technologies, such as additive manufacturing, and addressing the generational shift in the workforce. As newer generations enter the workforce, their differing perspectives and expectations require companies to adapt their management and operational strategies. Additionally, the transition towards sustainable energy sources and the need for enhanced connectivity pose further challenges that the industry must navigate to remain competitive.

Market Opportunities:

The Mexico powder metallurgy market presents significant growth opportunities, driven by the expanding industrial landscape and increasing demand for advanced manufacturing solutions. The automotive sector, a cornerstone of Mexico’s manufacturing industry, continues to offer vast potential for powder metallurgy applications. As the global automotive industry shifts towards electric vehicles (EVs) and demands more lightweight and fuel-efficient components, powder metallurgy stands out for its ability to produce complex, durable, and lightweight parts. The growing trend of adopting sustainable manufacturing processes further enhances the appeal of powder metallurgy. Its capacity for material recycling and minimal waste generation aligns with the industry’s sustainability goals, positioning it as a favorable manufacturing method for future automotive advancements.

Beyond the automotive sector, the aerospace and medical industries offer additional opportunities for powder metallurgy growth. The increasing demand for high-precision, lightweight components in the aerospace industry is driving the adoption of powder metallurgy techniques. Similarly, the medical sector’s need for biocompatible and intricate components for implants and devices aligns well with the strengths of powder metallurgy. Additionally, advancements in additive manufacturing technologies open new avenues for producing customized and complex components, broadening the application scope of powder metallurgy. Mexico’s strategic location, skilled labor force, and participation in international trade agreements further enhance its attractiveness as a manufacturing hub. These factors collectively create a conducive environment for the growth of the powder metallurgy market, offering promising opportunities for both domestic and international players to expand their operations and innovate within the sector.

Market Segmentation Analysis:

By Material Segment

In Mexico’s powder metallurgy market, ferrous metals, including iron and steel powders, dominate due to their mechanical properties and cost-effectiveness. These materials are extensively utilized in producing automotive components such as gears and bearings. Non-ferrous metals, such as aluminum and copper powders, are gaining traction, particularly in applications requiring lightweight and corrosion-resistant properties, like aerospace and electronics. The ‘Others’ category encompasses specialized materials like tungsten and titanium powders, which are employed in niche applications demanding high-performance characteristics.

By Application Segment

The automotive industry is the primary consumer of powder metallurgy components in Mexico, driven by the need for efficient production of complex parts. The aerospace sector is also expanding its use of powder metallurgy, leveraging its ability to produce lightweight, high-strength components essential for aircraft performance. Industrial machinery applications benefit from powder metallurgy’s precision and material efficiency, enhancing the durability and functionality of machinery parts. In the electrical and electronics sector, powder metallurgy facilitates the production of components like soft magnetic materials, contributing to improved performance of electronic devices. The ‘Others’ category includes diverse applications such as medical devices and consumer products, where powder metallurgy offers customization and material advantages.

By End-Use Industry Segment

The transportation sector, encompassing automotive and aerospace industries, is the largest end-user of powder metallurgy in Mexico, driven by the demand for lightweight and durable components. The consumer goods industry utilizes powder metallurgy for producing various products, benefiting from its cost-effectiveness and design flexibility. The industrial sector employs powder metallurgy in manufacturing machinery and equipment, taking advantage of its ability to produce wear-resistant and precise components.

By Process Segment

The powder metallurgy process in Mexico involves several key stages: blending, compaction, and sintering. Blending ensures a homogeneous mixture of metal powders, critical for achieving consistent material properties. Compaction forms the blended powders into desired shapes under high pressure, creating ‘green’ parts with sufficient handling strength. Sintering involves heating these compacted parts below their melting point, bonding the particles and enhancing mechanical properties. Each process stage is integral to producing high-quality powder metallurgy components, contributing to the efficiency and competitiveness of Mexico’s manufacturing industries.

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:

The powder metallurgy market in Mexico is influenced by its integration within the broader North American market, characterized by robust industrial activities and a well-established manufacturing infrastructure. In 2023, North America emerged as the leading region in the global powder metallurgy market, accounting for approximately 38% of the total market share. This dominance is attributed to the region’s strong automotive and aerospace sectors, which are major consumers of powder metallurgy components.

Mexico’s Strategic Position within North America

Within North America, Mexico plays a pivotal role due to its strategic location, cost-competitive labor force, and favorable trade agreements, such as the United States-Mexico-Canada Agreement (USMCA). These factors have attracted significant foreign direct investment in the manufacturing sector, particularly in automotive and aerospace industries. Mexico’s integration into the North American supply chain enhances its contribution to the regional powder metallurgy market.

Automotive Industry as a Growth Driver

The automotive industry is a key driver of powder metallurgy demand in Mexico. The country’s position as a leading automobile manufacturer, combined with the global shift towards lightweight and fuel-efficient vehicles, has increased the adoption of powder metallurgy techniques. This process enables the production of complex, high-strength components essential for modern vehicles.

Aerospace Sector Expansion

Mexico’s aerospace sector has experienced substantial growth, further boosting the powder metallurgy market. The demand for lightweight, durable components in aerospace applications aligns with the advantages offered by powder metallurgy. The establishment of aerospace clusters in regions like Querétaro has solidified Mexico’s position as a key player in this industry.

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Key Player Analysis:

  • GKN Powder Metallurgy
  • Carpenter Technology Corporation
  • Rio Tinto Metal Powders
  • ATI Specialty Materials
  • Advanced Materials Technologies
  • American Axle & Manufacturing Holdings, Inc.
  • Ametek Specialty Metal Products
  • Höganäs AB
  • Praxair Surface Technologies, Inc.
  • Kennametal Inc.

Competitive Analysis:

The powder metallurgy market in Mexico is characterized by a high level of concentration, as indicated by the Herfindahl-Hirschman Index (HHI). In 2023, the HHI stood at 7,004, reflecting a highly concentrated market dominated by a few key players. Major global companies such as Höganäs AB, Melrose Industries PLC, Sumitomo Electric Industries, Ltd., ATI, and Showa Denko Materials Co., Ltd. have established a significant presence in Mexico’s powder metallurgy sector. These companies leverage advanced technologies and extensive distribution networks to maintain their competitive edge. For instance, Höganäs AB is known for its innovative metal powder solutions, which are crucial for various industrial applications. The market’s competitiveness is further influenced by the growing demand for powder metallurgy components in the automotive and aerospace industries. This demand encourages continuous innovation and efficiency improvements among market participants. Additionally, the increasing adoption of additive manufacturing technologies presents both opportunities and challenges, pushing companies to adapt and innovate to maintain their market positions.

Recent Developments:

  • In January 2025, GKN Powder Metallurgy, along with GKN Automotive, was set to be acquired by American Axle & Manufacturing Holdings, Inc. (AAM) in a $1.44 billion deal. This acquisition aims to create a leading driveline and metal-forming supplier for the global automotive industry, enhancing innovation and sustainability efforts.
  • In March 2025, Höganäs AB announced a strategic partnership with Porite to supply near zero sponge iron powder, a product designed to minimize carbon emissions during production and lifecycle. This partnership highlights Höganäs’ commitment to sustainable manufacturing practices.

Market Concentration & Characteristics:

The Mexico powder metallurgy market is characterized by high market concentration, with a few dominant players holding significant market shares. This is reflected by a high Herfindahl-Hirschman Index (HHI), indicating that major global companies, such as Höganäs AB, Sumitomo Electric Industries, and ATI, command a substantial portion of the market. These key players leverage advanced technologies, strong research and development capabilities, and well-established distribution networks to maintain their competitive edge. The market is defined by characteristics such as a strong focus on technological innovation, sustainability, and process efficiency. The automotive and aerospace sectors primarily drive the demand for powder metallurgy components, owing to the need for lightweight, durable, and cost-effective materials. Additionally, advancements in additive manufacturing have introduced new dynamics, encouraging manufacturers to invest in modern technologies. The market’s concentrated structure emphasizes the importance of innovation, strategic collaborations, and efficient supply chain management for sustained growth.

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 Mexico powder metallurgy market is expected to experience steady growth, driven by increasing demand for lightweight and durable automotive components.
  • Advancements in additive manufacturing and 3D printing technologies will expand the application scope of powder metallurgy.
  • Growing investments in the aerospace sector will enhance the demand for high-performance, precision-engineered metal components.
  • The rise of electric vehicles (EVs) will create new opportunities for powder metallurgy in battery and motor component production.
  • Sustainable manufacturing practices will drive greater adoption of powder metallurgy due to its low waste and energy-efficient processes.
  • Expansion of industrial machinery and consumer electronics sectors will boost demand for complex and customized components.
  • Technological innovations in metal powder materials will enhance product durability and expand industrial applications.
  • Government initiatives to strengthen local manufacturing capabilities will attract investments and support market growth.
  • Enhanced integration into North American supply chains will improve export potential and international collaborations.
  • Companies focusing on research and development will gain a competitive edge by offering advanced and cost-effective solutions.

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. Mexico 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 Mexico 31

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

5.2. Export Analysis by Mexico 32

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

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 33

6.1. Demand Analysis by Mexico 33

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

6.2. Supply Analysis by Mexico 34

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

CHAPTER NO. 7 : PRODUCTION ANALYSIS 35

7.1. Production Analysis by Mexico 35

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

CHAPTER NO. 8 : PRICE ANALYSIS 36

8.1. Price Analysis by Material 36

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

8.1.2. Mexico 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. Mexico Powder Metallurgy Market: Company Market Share, by Volume, 2023 40

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

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

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

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

11.4. Mexico 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

Mexico 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 – MEXICO ANALYSIS 79

17.1. Material 79

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

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

17.3. Application 80

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

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

17.4. End-Use Industry 81

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

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

17.5. Process 82

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

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

CHAPTER NO. 18 : COMPANY PROFILES 83

18.1. GKN Powder Metallurgy 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. Carpenter Technology Corporation 85

18.3. Rio Tinto Metal Powders 85

18.4. ATI Specialty Materials 85

18.5. Advanced Materials Technologies 85

18.6. American Axle & Manufacturing Holdings, Inc. 85

18.7. Ametek Specialty Metal Products 85

18.8. Höganäs AB 85

18.9. Praxair Surface Technologies, Inc. 85

18.10. Kennametal Inc. 85

 

List of Figures

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

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

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

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

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

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

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

FIG NO. 8. Mexico 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 Mexico 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. Mexico Powder Metallurgy Market for Ferrous Metals, Revenue (USD Million) 2018 – 2032 53

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

FIG NO. 25. Mexico 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. Mexico Powder Metallurgy Market for Automotive, Revenue (USD Million) 2018 – 2032 60

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

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

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

FIG NO. 34. Mexico 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. Mexico Powder Metallurgy Market for Transportation, Revenue (USD Million) 2018 – 2032 69

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

FIG NO. 41. Mexico 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. Mexico Powder Metallurgy Market for Blending, Revenue (USD Million) 2018 – 2032 76

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

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

List of Tables

TABLE NO. 1. : Mexico 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. : Mexico Powder Metallurgy Market Revenue, By Material, 2018 – 2023 36

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

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

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

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

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

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

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

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

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

 

Frequently Asked Questions

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

The Mexico Powder Metallurgy Market is projected to grow from USD 68.6 million in 2024 to an estimated USD 103.62 million by 2032, with a compound annual growth rate (CAGR) of 5.29% from 2024 to 2032.

What factors are driving the growth of the Mexico Powder Metallurgy Market?

The market’s growth is driven by the expansion of the automotive industry, advancements in additive manufacturing (3D printing), and increasing demand from the aerospace sector for high-strength, lightweight components.

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

Challenges include high costs of metal powders, ensuring consistent product quality, environmental regulatory compliance, and adapting to rapid technological advancements.

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

Major players include Höganäs AB, Sumitomo Electric Industries, ATI, and Showa Denko Materials Co., Ltd., which maintain a competitive edge through technological innovation and strategic partnerships.

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