Deerfield Beach, FL -- (SBWIRE) -- 12/14/2015 -- The Global Powder Metallurgy market accounted for $7,396 million and is projected to register a CAGR of 7.7% to reach $13,432 million by 2022. Growth in the automobile industry and cost effectiveness of the technology are the primary driving factors for the powder metallurgy market globally. Powder metallurgy is used in diverse applications. Powder metallurgy is utilized in processing of powdered feedstock which is a vital input which goes into manufacturing of different components. Due to its numerous uses in industries, the demand for powder metallurgy is growing at a rapid pace.

Do Inquiry Before Purchasing Report:
http://www.marketresearchstore.com/report/powder-metallurgy-market-outlook-global-trends-forecast-37808#InquiryForBuying

The automotive sector is the major market for Sinter/Press structural Powder Metallurgy parts. Globally, the automotive sector acquires highest market share of 80% of all Powder Metallurgy structural components. Most of the components nearly around 75% are utilized for transmissions and engines. Due to cost saving and weight reduction factors the use of titanium Powder Metallurgy in the airframe sector is increasing rapidly.

Some of the key players in the market include Acupowder International, Borgwarner Inc, Chicago Powder Metal Products, Dorst Technologies, Hoeganaes Corp, OBE GMBH, GKN PLC, Hitachi Chemical Company Ltd., Hoganas AB, Fine Sinter Company Ltd., Sumitomo Electric Company Ltd. and Sandvik AB.

Request For Sample Report Here:
http://www.marketresearchstore.com/report/powder-metallurgy-market-outlook-global-trends-forecast-37808#RequestSample

Products Covered:
- Non-ferrous
- Ferrous
- Others

Applications Covered:
- Automotive
- Electrical & Electronics
- Industrial
- Others

Regions Covered:
- North America
o US
o Canada
- Europe
o Germany
o France
o Italy
o UK
o Spain
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia
- Rest of the World
o Latin America
o Middle East
o Africa
o Others