The Global Powder Metallurgy Market Was Valued at Usd 6.06 Billion in 2013 and Is Likely to Reach Usd 8.7 Billion by 2020, Expanding at a Cagr of 5.4% from 2014 to 2020. in Terms of Volume, Demand for Powder Metallurgy

Transparency Market Research

Powder Metallurgy Market for Automotive, Electrical and Electronics, Industrial and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Published Date 2014-10-13

90 Page Report

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Global Powder Metallurgy Market is Expected to Reach USD 8.7 Billion by 2020

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Powder Metallurgy Market

REPORT DESCRIPTION

Transparency Market Research has released a new market report, According to the report, the global powder metallurgy market was valued at USD 6.06 billion in 2013 and is likely to reach USD 8.7 billion by 2020, expanding at a CAGR of 5.4% from 2014 to 2020. In terms of volume, demand for powder metallurgy stood at 1,084.1 kilo tons in 2013. Powder metallurgy is used to process powdered feedstock in order to manufacture various types of components Powder metallurgy technology is employed widely in various industries for numerous applications. Global demand for powder metallurgy is primarily driven by growth in the automotive industry, subsequent increase in demand for powder metallurgy components, and cost effectiveness of the powder metallurgy technology. These factors are expected to remain the major driving forces for the powder metallurgy market in the near future. Limitations pertaining to size and weight of finished parts produced through powder metallurgy are anticipated to offer key challenges for market participants. Browse the full Powder Metallurgy Market report at http://www.transparencymarketresearch.com/powder-metallurgy-industry.html Ferrous powders was the predominant segment in the powder metallurgy market, accounting for over 80% of global demand in 2013. Demand for components manufactured using ferrous powders is expected to rise significantly in the next few...