BCC Research projects that the powder shipments are expected to approach $7.4 billion in value terms in 2014 from nearly $6.9 billion in 2013 to reach nearly $10.6 billion in 2019 by a compound annual growth rate (CAGR) of 7.5% for the period of 2014 to 2019.
This report, an update of an earlier BCC Research report, has the goal of providing the most up-to-date information on the current status of the global powder metallurgy market and to assess its growth potential during the period from 2013 to 2019. The different types of metal powders and their consumption in different applications are of particular interest.
Powder metallurgy (PM) has been a steady industry over the past several decades, growing from the 1980s. Much of its growth derived from metal powder-based parts used to replace castings, forgings and machined parts. The industry has consistently demonstrated that it could meet the demand of manufacturers at a lower cost than other technologies.
PM technology is still evolving, and the industry has adopted particulates (i.e., powders and materials not made solely of metals). Products are changing, too, and PM can be adapted or modified to meet their demands. BCC Research last examined this market in October 2012, and thus considers this an appropriate time to analyze recent developments.
This report analyzes the PM industry on a global basis, including manufacturing capability and consumption by regional markets. It also examines industry standards, government and industry support, and other key factors related to the success of powder metallurgy.
Market drivers within the industry are identified. The quantity and value of various powders and parts shipments are projected from 2013 to 2014, and then over a five-year period from 2014 to 2019. Technological issues and trends are projected and other influential factors are discussed.
The report identifies major manufacturers of powder metal and other related materials, such as ceramics and nanopowders, special alloys and metal matrix composites. It also includes companies that make parts and components for automotive products, industrial and tolling equipment, recreation and hobby items, appliances, business machines and other products.
The author of the BCC Research report on which this updated edition is based is Robert H. Moran. Mr. Moran has worked as a technology market analyst and technology writer for more than 20 years and is the author of numerous BCC Research reports. He has authored reports covering various deposition technologies, displays, solar energy and solid-state lighting. He earned a B.S. degree in Economics from the University of Pennsylvania.
The analyst responsible for updating the report is Andrew McWilliams, a partner in the Boston-based international technology and marketing consulting firm 43rd Parallel LLC. Mr. McWilliams is the author or co-author of many other BCC Research studies, including studies in related fields such as AVM078A New Electronic Materials and Device Technologies: Global Markets; EGY053C Advanced Materials and Devices for Renewable Energy: Global Markets; AVM015G High-Performance Ceramic Coatings: Markets and Technologies; NAN015F Advanced Ceramics and Nanoceramic Powders; AVM028F Global Markets for Friction Products and Materials; and NAN021F Global Markets for Nanocomposites, Nanoparticles, Nanoclays and Nanotubes.
Browse more Machinery Tool Market Research Reports