Powder metallurgy is a rapidly growing industry, specifically in car manufacture and aerospace engineering. Metal powders can be used for 3D printing of vehicle parts, which can be more precise and easier than cutting. A recent research report titled Powder Metallurgy: Global Markets to 2022 published by BCC Research reports that metal powder shipments market will reach 4.7 billion pounds, in volume, by 2022, up from the 3.6 billion pounds this year; the value is predicted to have a compound annual growth rate (CAGR) of 8.2%, to reach $10.9 billion in 2022, up from $7.3 billion this year. Hoganas AB is one company that has demonstrated the effectiveness of metal powder in automotive parts manufacture, and how the precision of the metal powder process leads to better reliability and weight savings.
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