DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9lxqbn/powder_metallurgy) has announced the addition of the "Powder Metallurgy Market (Ferrous, Non-ferrous and Others) for Automotive, Electrical and Electronics, Industrial and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" report to their offering.
The global powder metallurgy market was valued at USD 6.06 billion in 2013 and is expected to reach USD 8.7 billion by 2020, growing at a CAGR of 5.4% from 2014 to 2020.
Ferrous powder accounted for the largest share of the powder metallurgy market in terms of volume with over 70% share in 2013. Non-ferrous powder was the second-largest product segment of the powder metallurgy market, followed by others (metal matrix composites, cemented carbides, etc.), in 2013.
The powder metallurgy industry exhibits a low to medium degree of backward integration as few producers of powder metallurgy products are engaged in upstream activities. This backward integration provides market players with a distinct competitive advantage in terms of better customer retention and market dominance.
Demand for powder metallurgy is primarily led by growth in the automobile industry and increasing cost effectiveness of powder metallurgy technology globally. Rise in demand for automobiles, especially in Asia Pacific, has boosted demand for powder metallurgy products in the region.
Growth in industrial activities pertaining to heavy industries and aerospace sectors is also anticipated to be one of the key drivers for the powder metallurgy market in the region. Recovering automobile sector in developed economies is another important factor driving the global powder metallurgy market. The automotive industry in countries such as the U.S. has been witnessing growth of late. This has further increased demand for powder metallurgy, especially for automotive applications, in the region.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Powder Metallurgy - Industry Analysis
Chapter 4 Powder Metallurgy Market - Product Segment Analysis
Chapter 5 Powder Metallurgy Market - Application Analysis
Chapter 6 Powder Metallurgy Market - Regional Analysis
Chapter 7 Company Profiles
- Allegheny Technologies Incorporated
- Carpenter Technology Corporation
- Federal-Mogul Corporation
- Fine Sinter Co., Ltd.
- GKN plc.
- H.C. Starck
- Hitachi Chemical Company, Ltd.
- Hoganas AB
- SMC Powder Metallurgy Inc.
- Sandvik AB
- Sumitomo Electric Industries, Ltd.
- Voestalpine AG
For more information visit http://www.researchandmarkets.com/research/9lxqbn/powder_metallurgy