Powder Metallurgy (PM) is a method of
mixing fine powdered metals or alloy materials and compressing them into a
desired form or shape and then heating it in a controlled environment to bond
the compressed material. The process generally involves four steps, viz.,
powder manufacturing, blending, compacting and sintering. The highly precise
forging capability of PM helps build components with net shape, dimensional
precision and elaborate features.
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The key driver for PM is their large
application base in the automotive industry and majority of applications
worldwide for this technology are directed at automotive industry. PM offers
enhanced performance and better design flexibility as compared to traditional
metal working techniques such as casting, forging or extrusion. Increased
choices as well as high quality of metal powders offers a wide variety of PM
materials to cater to the specialized necessities of parts such as bearings,
gears, bushings and pistons, utilized in various industries, including
automotive, aerospace and medical. The global PM market has been witnessing
rising commercialization of technologies. However, the growing number of
low-cost vendors might pose a challenge to the growth of PM market.
Changing lifestyle and increasing disposable
income of consumers in countries such as China and India is expected to affect
the automotive industry in this region. Furthermore, increased regulations on
emission control, especially in developed economies of Europe and North America
is expected to drive the PM market. Moreover, reduction of carbon footprint of
automobiles requires better light weight parts, which subsequently is expected
to be a driving factor for the growth of the market. In addition, there is an
increasing scope of application of powder metallurgy processes as manufacturers
are looking at replacing traditional methods of casting, forging and extrusion
due to the lower tooling costs and high-speed production.
Some of the major manufacturers in the
thermoformed plastic industry include GKN plc, H.C. Starck GmbH, Hoganas AB and
Metaldyne LLC Allegheny Technologies Inc. Other key vendors include
Bohler-Uddeholm AG, Federal Mogul In., Carpenter Technology Corp. Fine Sinter
Co Ltd., Sandvik AB, Hitachi Powdered Metals Co. Ltd. and SMC Powder Metallurgy
Inc.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
·
North America
·
Asia Pacific
·
Europe
·
Rest of the World
This report provides comprehensive
analysis of
·
Market growth drivers
·
Factors limiting market growth
·
Current market trends
·
Market structure
·
Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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