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.
Browse
Powder Metallurgy Market Report with Full TOC at
http://www.transparencymarketresearch.com/powder-metallurgy-industry.html
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.
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.
Request
for sample report
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3468
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.
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)
Browse
Press Release Of Powder Metallurgy Market
http://www.transparencymarketresearch.com/pressrelease/powder-metallurgy-industry.htm
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Mr.Nachiket
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
No comments:
Post a Comment