Powder Metallurgy Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2014 - 2020
90 Page Report
Global Powder Metallurgy Market to Reach US$8.7 bn, Driven by
Diversity in Applications : TMR
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Powder Metallurgy Market
Powder Metallurgy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 2020
Based on in-depth findings, the report pegs the value of the global metallurgy market at US$6.06 bn in 2013.
Exhibiting a positive CAGR, the market, according to the report, will reach US$8.7 bn by 2020. Powder
metallurgy is used for processing powdered feedstock, which is an important element used in the manufacture
of various components. Powder metallurgy boasts many such diverse applications that have helped the market
gain momentum in the last few years.
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Powder metallurgy is a crucial element extensively used across heavy industries. The demand for powder
metallurgy from the aerospace industry, in particular, has increased in the last few years. Since powder
metallurgy is cost-effective, its use across industries has steadily increased over the years. Economic
strategies deployed by emerging nations to fuel their automotive industries have subsequently fuelled the
demand from the global powder metallurgy market as well. The automotive industry in the U.S., according to
the report, has also contributed significantly to the development of the thriving powder metallurgy market in the
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