New York, NY, Aug. 06, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Powder Metallurgy Components Market By Product (Ferrous Metals and Non-Ferrous Metals) and By Application (Automotive, Aerospace, Medical, Industrial, Electrical & Electronics, and Others) Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global powder metallurgy components market was USD 21.53 billion in 2018 and is expected to reach around USD 33.45 billion by 2025, at a CAGR of 7.9% between 2019 and 2025.
Powder metallurgy is a term that covers a broad variety of aspects where different components or parts are produced from various kinds of metal powders. Powder metallurgy components find its applications across a wide range of sectors like automotive, aerospace, and electrical and electronics. The global powder metallurgy components market is projected to grow at the highest rate in the next few years, owing to the flourishing automotive industry across the globe. The rising demand for electric vehicles is further expected to enhance the applications of powder metallurgy components, thus fuelling the powder metallurgy components market globally. Additionally, the surging demand for electronic products is likely to enhance the consumption of titanium and aluminum-based components, thereby, propelling the powder metallurgy components market. However, high capital investment for powder metallurgy processing equipment may hinder this global market’s growth in the future.
Browse through 71 Tables & 24 Figures spread over 110 Pages and in-depth TOC on “Global Powder Metallurgy Components Market: Industry Size, Share, Trends, Growth, Applications, Analysis and Forecast, 2018–2025”.
Request Sample Report of Global Powder Metallurgy Components Market @ https://www.zionmarketresearch.com/sample/powder-metallurgy-components-market
The powder metallurgy components market is divided based on product and application. Based on the product, the powder metallurgy components market is classified into ferrous metals (steel and iron) and non-ferrous metals (tungsten, copper, aluminum, and others). Ferrous metals contributed the maximum share to the global market in 2018 and are expected to maintain their dominance in the upcoming years as well. This can be attributed to the increased use of ferrous metals in the automotive and aerospace industries. Moreover, the non-ferrous metals segment is expected to grow at the highest rate over the upcoming years.
By application, the market includes electrical and electronics, automotive, medical, aerospace, industrial, and others. The automotive segment contributed the largest share to the powder metallurgy components market globally in 2018. The constantly developing automotive industry across the globe is estimated to further boost the applications of powder metallurgy components in the automotive sector. The industrial segment is expected to grow at a fast rate in the years ahead.
Request for PDF Brochure of This Report: https://www.zionmarketresearch.com/requestbrochure/powder-metallurgy-components-market
The North American powder metallurgy components market dominated globally in 2018, due to the region’s growing use of powder-metallurgy components automotive industry. The U.S. is projected to be the dominating country among others. The growing number of automotive manufacturers in the region is further likely to enhance the consumption of powder metallurgy components. Therefore, these factors are expected to boost the global powder metallurgy components market in the forecast period as well.
The Asia Pacific powder metallurgy components market is projected to show the highest CAGR over the projected time period, owing to the growing demand for powder metallurgy for a wide range of industrial applications, to produce power tools and components. Moreover, the growing number of applications of powder metallurgy in the electronics components is likely to increase the regional powder metallurgy components consumption. China is projected to be the top consumer of powder metallurgy components in the Asia Pacific. The demand for automotive components is growing rapidly, which will further increase the powder metallurgy components usage. Additionally, the technological progress witnessed in different manufacturing processes is also expected to drive this regional market.
Browse the full “Powder Metallurgy Components Market By Product (Ferrous Metals and Non-Ferrous Metals) and By Application (Automotive, Aerospace, Medical, Industrial, Electrical & Electronics, and Others) Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/powder-metallurgy-components-market
The European powder metallurgy components market is likely to grow at a gradual rate in the future, owing to the surging demand for automotive components, medical goods, household appliances, and consumer goods. Additionally, the increasing consumption of powder metallurgy components by the automobile sector is estimated to further fuel this market. Moreover, the rising use of powder metallurgy in the aerospace industry, owing to their lightweight property, is also driving the European market.
The Latin American market is driven by rapid industrialization. Brazil dominated the Latin American powder metallurgy components market in 2018. Moreover, the emerging applications of powder metallurgy components in the automotive and electronics industries are projected to further boost the powder metallurgy components market in this region.
Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/powder-metallurgy-components-market
The Middle Eastern and African powder metallurgy components market is projected to grow moderately in the years ahead, owing to the growing use of powder metallurgy in the oil and gas industry and rising need for powder metallurgy components in various industrial and automotive applications.
Some key players of the global powder metallurgy components market are Fine Sinter, PMG Holding, GKN Hoeganaes, Schunk Group, Porite Group, Hitachi Chemical, AMES, Metaldyne Performance, SMC Powder Metallurgy, Stackpole International, Miba, H.C. Starck, and Sumitomo Electric.
Request customized copy of report @ https://www.zionmarketresearch.com/custom/3771
This report segments the global powder metallurgy components market into:
Global Powder Metallurgy Components Market: Product Analysis
- Ferrous Metals
- Iron
- Steel
- Non-Ferrous Metals
- Aluminum
- Copper
- Tungsten
- Others
Global Powder Metallurgy Components Market: Application Analysis
- Industrial
- Automotive
- Aerospace
- Medical
- Electrical and Electronics
- Others
Global Powder Metallurgy Components Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
Related Reports:
- Hydrogen Storage Market: https://www.zionmarketresearch.com/report/hydrogen-storage-market
- Industrial Absorbents Market: https://www.zionmarketresearch.com/report/industrial-absorbents-market
- Metal Bonding Adhesives Market: https://www.zionmarketresearch.com/report/metal-bonding-adhesives-market
- Water Filters Market: https://www.zionmarketresearch.com/report/water-filters-market
- Instant Adhesives Market: https://www.zionmarketresearch.com/report/instant-adhesives-market
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research
Follow Us Twitter: https://twitter.com/zion_research
Visit Our Blog: https://techpru.com | http://zmrnewsnetwork.com | http://www.clickfeaturetech.com | https://prosampleresume.com
Contact Us:
Joel John
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Blog: http://newszmr.com