Transparency Market
Research has released a new market report titled “Powder Metallurgy
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2014 - 2020.” According to the report, the global powder
metallurgy market was valued at USD 6.06 billion in 2013 and is
likely to reach USD 8.7 billion by 2020, expanding at a CAGR of 5.4%
from 2014 to 2020. In terms of volume, demand for powder metallurgy
stood at 1,084.1 kilo tons in 2013.
Powder metallurgy is
used to process powdered feedstock in order to manufacture various
types of components Powder metallurgy technology is employed widely
in various industries for numerous applications. Global demand for
powder metallurgy is primarily driven by growth in the automotive
industry, subsequent increase in demand for powder metallurgy
components, and cost effectiveness of the powder metallurgy
technology. These factors are expected to remain the major driving
forces for the powder metallurgy market in the near future.
Limitations pertaining to size and weight of finished parts produced
through powder metallurgy are anticipated to offer key challenges for
market participants.
Browse The Full
Report :
http://www.transparencymarketresearch.com/powder-metallurgy-industry.html
Ferrous powders was
the predominant segment in the powder metallurgy market, accounting
for over 80% of global demand in 2013. Demand for components
manufactured using ferrous powders is expected to rise significantly
in the next few years due to its increasing usage in several
automobile applications across the globe. Powder metallurgy products
are extensively used in several industrial as well as electrical and
electronics applications due to its cost effectiveness and low energy
requirements as compared to other manufacturing processes. These
properties are anticipated to be the key driving factors for the
powder metallurgy market in the near future.
Asia Pacific
accounted for about 46% of the global powder metallurgy market in
2013, followed by North America and Europe. Asia Pacific is estimated
to be the fastest growing region in terms of both production and
consumption of powder metallurgy components. This can be attributed
to the increase in industrial and automotive activities in the
region. Asia Pacific has emerged as a key destination for powder
metallurgy producers due to economic development coupled with
increasing disposable income in the region. This has encouraged
various manufacturers to establish new capacities in Asia Pacific.
North America is another major region where demand for powder
metallurgy products was strong in 2013. The market for powder
metallurgy products in North America is likely to increase at a CAGR
of over 4% in terms of volume from 2014 and 2020.
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http://www.transparencymarketresearch.com/attapulgite-market.html
Nanosilver Market :
http://www.transparencymarketresearch.com/global-nanosilver-market.html
Major participants
in the powder metallurgy market include GKN PLC, Hitachi Chemical
Company Ltd., Höganäs AB, Fine Sinter Company Ltd., Sumitomo
Electric Company Ltd. and Sandvik AB.
Powder Metallurgy
Market – Product Segment Analysis
Ferrous
Non-ferrous
Others (Including
metal matrix composites and cemented carbides)
Powder Metallurgy
Market – Application Analysis
Automotive
Electrical and
electronics
Industrial
Others (Including
medical and energy)
Powder Metallurgy
Market – Regional Analysis
North America
Europe
Asia Pacific
Rest of the World
(RoW)
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Report PDF :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3468
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