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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Market :
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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)
Get
The Sample Report PDF
:
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3468
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Us
Transparency
Market Research (TMR) is a global market intelligence company
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gather and analyze information.
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research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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