Powder Metallurgy Market Projected To Reach USD 6.36 Billion By 2030
San Francisco, 7 June 2023: The Report Powder Metallurgy Market Size, Share & Trends Analysis Report By Material (Titanium, Steel), By Process (MIM, PM HIP), By Application (Automotive, Oil & Gas), By End-use (OEM, AM Operators), By Region, And Segment Forecasts, 2023 - 2030 The global powder metallurgy market size is estimated to reach USD 6.36 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.9% over the forecast period. Increasing initiatives to reduce the weight of aerospace parts by using additive manufacturing along with a rise in demand for lightweight auto parts from the automotive industry drives the market growth. The aircraft manufacturers are focusing on saving the cost and weight of aircraft parts, which increases the demand for 3D printing materials to deliver high-performance and cost-effective aircraft elements. An increase in the number of 3D printers in terms of feature, size, and material compatibility in