By Liz Nickels
The report, entitled Powder Metallurgy: Technologies and Global Markets, projects that the value of global powder shipments is expected to approach US$7.4 billion in 2014 from nearly US$6.9 billion in 2013 to reach nearly US$10.6 billion in 2019, a compound annual growth rate (CAGR) of 7.5% for the period of 2014 to 2019.
Moreover, the value of global shipments of powder metal-based parts and components is expected to grow from almost US$14.4 billion in 2013 to nearly US$15.4 billion in 2014 and approximately US$22.0 billion in 2019, registering a CAGR of 7.3% for the period of 2014-2019.
Iron and steel powders, as well as parts made from them, are expected to grow at a 3.5% CAGR in volume terms over the period of 2014-2019.
Key factors for growth
The report examines industry standards, government and industry support, and other key factors related to the success of powder metallurgy. 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. BCC’s report also 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.
