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.
This 90 page report gives readers a
comprehensive overview of the Powder Metallurgy market. Browse
through 18 data tables and 19 figures to unlock the hidden
opportunities in this market@
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.
Get accurate market forecast and analysis on
the Powder Metallurgy market. Request a sample to stay abreast on the
key trends impacting this market@
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 global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
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.
TMR’s data repository is continuously updated and revised by a team
of 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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