Press release
Global Powder Metallurgy Market to Rise at 5.4% CAGR from 2014 to 2020
Transparency Market Research’s new market study on the global metallurgy powder market analyzes the market’s proceedings for the 2014-2020 period. According to the report, the said market will develop at a modest 5.4% CAGR from 2014 to 2020. This will result in an increase in the market’s valuation from US$6 bn in 2013 to US$8.7 bn by 2020. The report is titled “Powder Metallurgy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” and is available for sale on the company website.View exclusive Global strategic Business report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3468
The report provides a comprehensive analysis of the economic aspects and other driving factors that will bolster the growth of the global powder metallurgy market during the forecast period.Powder metallurgy finds use in the processing of powdered feedstock, which is an important constituent in the manufacture of mechanical components in heavy machinery. Due to the diverse applications and cost-effectiveness of powder metallurgy, the powder metallurgy market has gained momentum over the past few years.
The report says that the aerospace industry has been exhibiting substantial demand for powder metallurgy in the last few years. Other than this, the automotive industry in emerging nations is also exhibiting a substantial demand for powder metallurgy. These nations are overhauling operations for upsurge of the automotive sector, for which powder metallurgy is suitable. The automotive sector in the U.S. has significantly contributed to the development of the global market for powder metallurgy.
In terms of the product segmentation of the market, the ferrous powder segment accounted for 80% of the global market in 2013. In the automotive sector, the rising demand for products that use ferrous powder as intermediate material is driving this product segment of the market. In electronics and electrical applications, powder metallurgy is favored as it is economical for energy consumption and cost parameters.
The report segments the global powder metallurgy market into the regional segments of North America, Asia Pacific, Europe, and Rest of the World. Of all, in 2013, Asia Pacific held a share of more than 46% in the global market. This regional market will exhibit the fastest growth in the production and consumption of powder metallurgy during the forecast period. To leverage opportunities in this market, leading manufacturers are focused on establishing production capacities in Asia Pacific, which in turn will add to their overall production capacities. In the emerging economies of Asia Pacific, the thriving automotive industry will present immense opportunities for the powder metallurgy market to expand in the coming years.
North America and Europe will trail Asia Pacific in terms of the demand for powder metallurgy during the forecast period. North America will exhibit a CAGR of 4.0% between 2014 and 2020 in terms of revenue.
The report mentions key companies that operate in the global powder metallurgy market. These are GKN PLC, Höganäs AB, Sumitomo Electric Company Ltd., Hitachi Chemical Company Ltd., Fine Sinter Company Ltd., and Sandvik AB.
The global powder metallurgy market is segmented as follows:
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)
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 business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
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