It
presents an executive level blueprint of the powder metallurgy
market, constituting information, data, and historical statistics
relevant to the market in order to estimate its growth trajectory. As
against its market value of US$6.06 billion in 2013, the global
powder metallurgy market is likely to reach US$8.7 billion by the end
of 2020, according to the report. Powder metallurgy boasts diverse
applications. It is used to process powdered feedstock which is a key
element that goes in the manufacture of different components. Owing
to its myriad uses, the market for powder metallurgy gets mileage out
of the demand generated across industries. For instance, growing
automotive industry subsequently propels the demand for powder
metallurgy components, which is positively reflected on the proceeds
registered by the global powder metallurgy market.
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Powder Metallurgy Market Report with Full TOC at
http://www.transparencymarketresearch.com/powder-metallurgy-industry.html
Accelerating
demand for automobiles in Asia Pacific has substantially fuelled the
demand for metallurgy products in the region. Rapid industrialization
witnessed by heavy industries and aerospace segment also contributed
to the development of the global powder metallurgy market. Powder
metallurgy is available at a reasonable price, which has played a key
role in boosting its demand in the global market. Steps taken by
developed economies to recover automobile sector is a significant
factor driving the global powder metallurgy market. The spurt of
activities witnessed by the automotive industry in the U.S. has
bolstered the demand for powder metallurgy in the country.
Among
the different types of products manufactured in the market, the
report cites ferrous powder as the predominant segment. Ferrous
powder led the market in 2013 with 80% share in the market.
Increasing demand for components manufactured using ferrous powders
especially in automobile applications is likely to boost the market
segment significantly. Powder metallurgy is also used in electronics
and electrical application due to its low energy consumption, and
reduced prices compared to other manufacturing processes. These
attributes will emerge as the key driving forces for the global
powder metallurgy market.Among the key geographic segments, Asia
Pacific held about 46% share in the powder metallurgy market in 2013.
The region was trailed by North America and Europe. “Asia Pacific
is likely to retain its dominance in the market, and is expected to
register fastest growth both in terms of production and consumption
of powder metallurgy components”, says a lead TMR analyst. Rapid
industrialization across the emerging economies of Asia Pacific,
propelling the automobile demand is cited as key reason propelling
the powder metallurgy market in the region.
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Apart
from Asia Pacific, the report cites impressive growth prospects for
the powder metallurgy market in North America as well. While the
market in North America witnessed a positive demand curve in 2013,
lead analysts of TMR predict a CAGR of 4.0% for the metallurgy powder
market in the region between 2014 and 2020.
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)
Browse
Press Release Of Powder Metallurgy Market
http://www.transparencymarketresearch.com/pressrelease/powder-metallurgy-industry.htm
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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
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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.
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