With the use of the metal-forming process known as powder metallurgy, metal can be reduced to powder and then used to create special materials. The products created with powder metallurgy are hand tools, hydraulics, industrial equipment, and hardware. Many products, including kitchen appliances and ceiling fans, can be made using powder metallurgy.
The market worth of powder metallurgy in 2021 was USD 2.63 billion and will reach USD 7.60 billion by 2030, growing at a 12.5% CAGR during 2021-2030