Powder Metallurgy: A Global Strategic Business Report
San Jose, CA (PRWEB) October 23, 2008
The world powder metallurgy market stands enthused by the numerous technological improvements, and breakthroughs, which have helped spruce up demand for P/M components in new industrial applications. The application possibilities of powder metallurgy are fast expanding beyond the traditional automotive industry, and into diverse fields such as communication technology, medical diagnostics, and metrology.
The unrelenting rise in energy and raw materials prices is expected to lead to steady increases in powder prices. In the automobile industry, strong gains are expected to stem specifically from transmission and powertrain vehicle areas. In the upcoming years, the market is expected to witness a marked shift towards finer powders, given the growing demand for advanced P/M products. With plastics being increasingly used as substitutes for tiny P/M gears and components, use of powder metallurgy is gradually shifting towards the manufacture of sophisticated engineered parts, which require increased strength and above average density. A direct fallout of the trend is the rising demand for high-density powdered metals. The blistering pace of developments in computers and electronic components is expected to lead to a parallel rise in demand for titanium-base and aluminum-base powder metallurgy. The future is expected to witness increased interest in the promised potential of nanopowders.
As stated by the recent report published by Global Industry Analysts, Inc., world P/M Parts market is projected to reach US$12.34 million by 2012. North America and Japan, together, dominate the market for both metal powders, and P/M parts with an estimated 79% and 78% share respectively. Strong growth, in both the markets, is expected to stem from Europe. In North America, Tungsten-base metal powder market is projected to grow at a robust CAGR of 9% over the years 2000 through 2010. Market for stainless steel-base metal powder, in the North American market, is expected to reach US$61.8 million by the year 2012. Sales of Iron & Steel-base metal powders are expected to reach US$725.6 million by 2012.
Leading global and regional players operating in the industry include ACu Powder International LLC, ATI Alldyne, American Chemet Corporation, AMETEK Specialty Metal Products, Burgess-Norton Manufacturing Co, Carpenter Powder Products, Crucible Materials Corporation, Daido Steel Co Ltd, Dowa Holdings Co Ltd, Erasteel SAS, F. W. Winter Inc. & Co, GKN Sinter Metals, Kobe Steel Ltd, Metaldyne Corporation, Revere Industries LLC, United States Bronze Powders, Inc., and Quebec Metal Powders Ltd., among others.
The report titled "Powder Metallurgy: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues, and challenges. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key regional markets. Product markets in North America analyzed for the period 2000 through 2015 include Iron & Steel, Stainless Steel, Tungsten, Aluminum, and Others. Latent demand patterns for Metal Powders, and PM Parts are quantified across major geographic market verticals including North America, Japan, and Europe. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.
For more details about this research report, please visit http://www.strategyr.com/Powder_Metallurgy_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
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