Global Powder Metallurgy Market Overview 2013-2017 & 2017-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 8, 2018--The “Powder Metallurgy - A Global Market Overview” report has been added to ResearchAndMarkets.com’s offering.
The market for which is slated to compound annually at 6.5% over 2017-2023 in reaching a projected US$7.8 billion by 2023. The overall Powder Metallurgy market is estimated to reach $7.8 billion in 2018.
Demand for Powder Metallurgy parts in automobiles is likely to surge over the coming years because of concerns regarding reducing vehicle weight and increasing fuel economy. One major factor intrinsic to the Powder Metallurgy industry is its low energy consumption and superior utilization of raw materials compared to other technologies. Parts produced using this technology can use up to 95% of input raw materials, with the same for machining being 50%, a clear difference of 45 percentage points.
Also, several Powder Metallurgy players are engaged in research and development efforts aimed at further increasing raw material utilization rates to up to 98-99%. Some restraining factors for the market include high capital investment, complexity in obtaining 3D shapes and the requirement for expensive metal powder feed stocks.
Research Findings & CoveragePowder Metallurgy global market is explored in this report with respect to metal types and key applications The study extensively analyzes each metal type and key application of powder metallurgy in all major regions for the analysis period Future of Powder Metallurgy in Auto Industry Secure Powder Metallurgy Set to Gain Traction in Medicine 3D Printing to Revolutionize Powder Metallurgy but Challenges Remain Key business trends focusing on product innovations/developments, M&As, JVs and other recent industry developments Major companies profiled - 43 The industry guide includes the contact details for 208 companies.
The report analyzes the market for key metal types of Powder Metallurgy including:Ferrous Non-Ferrous AluminumCobaltCopperNickelTitaniumOther Non-Ferrous Metals
Application Areas of Powder Metallurgy analyzed comprise the following:Aerospace Automotive Business Machines Electrical & Electronics Industrial Other Applications
Analysis Period, Units and Growth Rates
The report reviews, analyzes and projects the global Powder Metallurgy market for the period 2014-2023 in terms of market value in US$ and the compound annual growth rates (CAGRs) projected from 2017 through 2023.
Key Market TrendsInherent Sustainability Drives the Powder Metallurgy Market Future of Powder Metallurgy in Auto Industry Secure Powder Metallurgy Set to Gain Traction in Medicine 3D Printing to Revolutionize Powder Metallurgy but Challenges Remain
Key Global PlayersAmerican Chemet Corporation (United States) Ametek, Inc. (United States) ATI (United States) BASF SE (Germany) Carpenter Technology Corporation (United States) Daido Steel Co., Ltd. (Japan) Diamet Corporation (Japan) DORST Technologies GmbH & Co. Kg. (Germany) Federal-Mogul Holdings Corporation (United States) Fukuda Metal Foil & Powder Co., Ltd. (Japan) GKN Plc (United Kingdom) H.C. Starck GmbH (Germany) Hitachi Chemical Company, Ltd. (Japan) Hoganas AB (Sweden) Kennametal Inc. (United States) Kobe Steel, Ltd. (Japan) Kymera International (United States) Lonza Group Ltd (Switzerland) Miba AG (Austria) Oerlikon Metco Switzerland (Switzerland) Rio Tinto Metal Powders (Canada) Sandvik AB (Sweden) SMC Powder Metallurgy, Inc. (United States) Sumitomo Electric Industries, Ltd. (Japan)
For more information about this report visit https://www.researchandmarkets.com/research/qqr3wj/global_powder?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181008005279/en/
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Chemical Engineering
INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/08/2018 04:27 AM/DISC: 10/08/2018 04:27 AM