|Market Research A to Z | Company Profiles A to Z | Register | Contact Us | Shopping Basket|
|+44 (0) 203 086 8600 Call us on|
The global powder metallurgy market has been forecast to hit a value of nearly $26.5 billion by 2017, increasing from a valuation of $20.5 billion, recorded in 2012.
Powder metallurgy has been a steady market over the past several decades, growing from the 1980s. Much of its growth derived from metal powder-based parts used to replace castings, forgings and machined parts. The industry has consistently demonstrated that it could meet the demand of manufacturers at a lower cost than other technologies.
Powder metallurgy technology is still evolving, and the industry has adopted particulates (i.e., powders and materials not made solely of metals). Products are changing too, and powder metallurgy can be adapted or modified to meet their demands.
The powder metallurgy market offers improved performance and greater design flexibility compared with traditional metalworking techniques such as casting, extrusion or forging. The increased choices and high quality of today's metal powders provides for a wide range of new powder metallurgy materials to meet the specialised demands of parts such as bearings, bushings, gears and pistons, used in a variety of industries, ranging from automotive and aerospace to medical and electronics.
The global market for powder-metal shipments recovered to prerecession levels at a value of $6.7 billion in 2011. This market grew to nearly $6.7 billion in 2012. Total market value for powder shipments are expected to reach a value of nearly $8.6 billion by 2017 with a CAGR of 3.9% in volume terms and 5.2% in value.
Shipments of powder metal-based parts and components are expected to grow from nearly $14 billion in 2011 to nearly $14 billion in 2012 $17.9 billion in 2017, with a CAGR of 3.9% in volume terms.
The North American and European powder metallurgy markets will continue to lose global market share to China and other expanding Asian countries, such as India. The powder metallurgy market in developing Asia will show growth of approximately 9%; with certain Asian countries set to see even higher growth.
For more information on the powder metallurgy market, see the latest research: Powder Metallurgy Market
Follow us on Twitter @CandMResearch
Free Research Support: Let us do the work for you and find information from public and private sources of information. Contact us now and we can save you time and money.......Free Research Support
Use our skills and global network of researchers and consultants to help find and source the business information you need.
Contact us now on 00 44 (0) 203 0868600 or "enquiries @ companiesandmarkets.com" to discuss you requirements and we can provide you with a research solution at suprisingly efficient rates and timelines.
Sometimes we can even find the information you require for free.
We are offering our clients substantial savings on the best research available during July. Please contact us either via email or by calling our team to discuss your specific research needs on Tel: 00 44 (0) 203 0868600.