Global Metal Powders Market to Reach US$4.9 Billion to Reach US$32.45 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Powder Metallurgy market. The global metal powders market is projected to reach US$4.9 billion. Several technological breakthroughs and advancements are driving the demand for PM components in emerging industrial applications, enabling the industry to move beyond the traditional automotive sector and enter diverse areas. These new sectors, in addition to the expected revival of automotive production in the later part of 2010 are further expected to provide impetus to the global powder metallurgy market.

Powder Metallurgy: A Global Strategic Business report

Powder metallurgy is now considered a global industry, with metal powders being employed in varied industries, including automotive, chemical, engineering, pharmaceutical, industrial, and consumer. These powders provide the foundation for numerous strategically significant net-shape processing operations such as injection molding, sintering, direct laser fabrication, and hot and cold isostatic pressing. In the recent years, demand for powdered metallurgy was driven by improvements and breakthroughs in technology that have made powdered metallurgy highly functional, flexible, and cost-effective. Powder metallurgy industry, in future, would be driven by revival in the automotive industry, new application areas, increased demand for high-density powdered metals, advancements in electronic and computer components, and the forecasted significant role of the investigational nanoceramic powders.

Europe dominates the global powder metallurgy parts market followed by North America, as stated by the new market research report on powder metallurgy market. On the other hand, North America is the leading region in the global metal powders market.

Automotive constitutes the largest market for metal powders. Post-recession, the US market for metal powders is likely to witness steady demand both in terms of value and volume through 2015. The anticipated volume growth is attributed to expanded scope of applications for several metal powders, including stainless steel, iron and steel, tungsten, and aluminum. Further, a steady expansion in shipments of industrial machinery and a revival in production of motor vehicle would also drive market demand. Iron and steel constitutes the largest segment in the North American metal powders market. On the other hand, demand for precious metals would grow the fastest in coming years.

Key players profiled in the report include AMETEK Specialty Metal Products, Burgess-Norton Manufacturing Co, Carpenter Powder Products, Daido Steel Co Ltd, Erasteel SAS, Federal-Mogul Corporation, Fine Sinter Co. Ltd, GKN Sinter Metals Inc., Hawk Corporation, Hoeganaes Corporation, Höganäs AB, Kobe Steel Ltd, Metaldyne LLC, Pometon SpA, Quebec Metal Powders Ltd., Revere Industries, LLC, Sandvik Osprey Ltd., Toyal America, Inc., and Umicore S.A., among others.

The report titled “Powder Metallurgy: A Global Strategic Business report” announced by Global Industry Analysts Inc., provides a comprehensive review of industry overview, market trends, product overview, product introductions/innovations, profiles of major players, and recent industry activity. The report analyzes market data and analytics for the global metal powders market in terms of value for regions including North America, Japan, Europe, and Rest of World. The report also analyzes powder metallurgy parts market in terms of value for regions - North America, Europe, Asia-Pacific, and Rest of World. The North American market analytics also encompasses a breakdown of metal powders market in terms of value and volume by the following product segments: Iron & Steel, Stainless Steel, Tungsten, Aluminum, Precious Metal, and Others.

For more details about this comprehensive market 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 over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com

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