The global powder metallurgy market has been segmented based on material, end-user, and region. In terms of material, the iron powder and steel powder segment lead the powder metallurgy market.
Albany, NY -- (SBWIRE) -- 09/21/2018 -- Growth of the powder metallurgy market is expected to remain influenced by its extensive applications of iron, steel and other metallic powders in automotive, electrical, electronic, and aerospace industries, owing to its cost effectiveness and uniqueness of the product. Revenue earned from the powder metallurgy market are estimated to grow at a modest CAGR of 5.8% through 2026. These insights have been gleaned from the report titled "Powder Metallurgy Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026" added recently to the huge repository of Market Research Reports Search Engine (MRRSE).
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Properties of powder metallurgy such as low energy consumption and superior utilization of raw materials, is expected to drive the market rapidly, particularly in the automotive industry. On the other hand, high capital investment, difficulty in producing 3D shapes, and expensive feed stock are forecasted to be key constraining factors.
The powder metallurgy market in North America is expected to stay strong owing to rising demand for reduced weight, improved fuel efficiency and engine performance in the automotive and aerospace industries in the region. However, the market in the Asia Pacific region is forecasted to surpass all other regions, owing to an expanding automotive industry, large FDI investments in electrical and electronics industries, and rising disposable incomes in growing economies such as China and India.
Powder Metallurgy Market: Report Synopsis
The report delivers a global as well as regional-level analysis & forecast on the powder metallurgy market, in terms of value (US$ Mn) and Volume (Kilo Tons), for the period of forecast 2018 to 2026. Vital business dynamics, and crucial economic factors impacting development and demand for powder metallurgy have been highlighted and assessed in the report.
A detailed value chain analysis on the powder metallurgy industry has been offered in the report, and the Porter's Five Forces model has been used for helping the readers gain a better understanding of the competitive scenario among leading as well as emerging market players including aspects such as market positioning, SWOT analysis and business strategies. A market attractiveness analysis, where applications have been benchmarked on the terms of their market size, general attractiveness, and growth rate, has also been added to the report.
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Powder Metallurgy Market: Research Methodology
Elaborate discussions and detailed interviews have been conducted with a number of eminent industry experts and opinion leaders in order to develop this report. Comprehensive primary and secondary research methodologies have been used, which have aided in offering authentic intelligence on the powder metallurgy market. Primary research represents bulk of the research efforts, which has been validated by an extensive secondary research.
Prominent companies and new entrants in the powder metallurgy market have been reviewed thoroughly, while press releases, annual reports, and relevant documents have leveraged for analysis on the market's competitor landscape and market understanding. The research approach employed here has been found to be most reliable, successful, and an effective approach to harness precise intelligence on the market data, recognizing latent business opportunities, and capturing insights on the industry participants.
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