Powder Metallurgy Market- Global Industry Analysis 2014-2020 | TransparencyMarketResearch
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.
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the Exclusive Sample Report Here :
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.
Browse
the full Powder Metallurgy Market (Ferrous, Non-ferrous and Others)
for Automotive, Electrical and Electronics, Industrial and Other
Applications - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast 2014 - 2020 report at
http://www.transparencymarketresearch.com/powder-metallurgy-industry.html
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)
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