Powder Metallurgy: Global Markets to 2022

NEW YORK, Oct. 12, 2017 /PRNewswire/ -- The global powder shipments market should reach 4.7 billion pounds (in volume) and $10.9 billion by 2022 (in value) from 3.6 billion pounds and $7.3 billion in 2017 at a compound annual growth rate (CAGR) of 5.2% and 8.2%, respectively, from 2017 to 2022.

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The global powder metallurgy part shipments market is expected to grow from 3.2 billion pounds (in volume) and $15.1 billion (in value) in 2017 to 4.1 billion pounds and $22.6 billion in 2022 at a CAGR of 5.2% and 8.4%, respectively, for the period 2017-2022.

Shipments of individual powders and parts, such as iron and steel powders, as well as parts made from these powders, are expected to grow at a 4.6% CAGR in volume terms from 2017 to 2022.

Chapter 1: Introduction

Study Goals and Objectives

This report, an update of an earlier BCC Research analysis, aims to provide the most up-to-date information on the current status of the global powder metallurgy market and to assess its growth potential from 2016 to 2022. The different types of metal powders and their consumption in various applications are of particular interest.

Reasons for Doing This Study

The powder metallurgy (PM) industry has seen steady growth since the 1980s. Much of this growth was derived from metal powder-based parts used to replace castings, forgings and machined parts. The industry has consistently demonstrated that it can meet manufacturer demand at a lower cost compared with other technologies.

PM technology is still evolving, and the industry has adopted particulates (i.e., powders, materials not made solely of metals). Products are also changing, and PMs can be adapted or modified to meet their demands. BCC Research last examined this market in February 2016, and it now considers this an appropriate time to analyze recent developments.

Scope of Report

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 PM.

Market drivers within the industry are identified. The quantity and value of various powders and parts shipments are projected from 2016 to 2017, and then over a 5-year period from 2017 to 2022.

Technological issues and trends are projected and other influential factors are discussed.

The report identifies major manufacturers of powder metal and other related materials, including ceramics and nanopowders, special alloys and metal matrix composites. It also includes companies that make parts and components for automotive products, industrial and tooling equipment, recreation and hobby items, appliances, business machines and other products.

Information Sources

BCC Research has interviewed chemists, process equipment specialists, marketing executives, operations personnel and users of various powder metal parts. Participants included representatives of the automotive industry, tooling companies and industrial buyers. Additional data were obtained from government publications, trade associations, industry and financial sources, and an exhaustive review of technical literature.

Methodology

Both primary and secondary research methodologies were used in the preparation of this study. BCC

Research presents an analysis of the volume shipped in 2016 for each major segment of the PM industry. The estimated value of shipments is based on the price that the manufacturers paid in non- depreciated U.S. dollars.

Based on its analysis of PM properties, advantages, demand factors, competition and other information, BCC Research projects the potential growth in volume of each segment and forecasts price trends for 2017 and 2022 as the basis for estimating the value of shipments for these same time periods.

Regional Breakdown

This report analyses the following major regional markets for PM products:

North America

Europe

Asia-Pacific

Rest of the World (ROW)

Powder Metallurgy Products by Type

Powder Metallurgy Refractory Metals

Powders

Ferrous

Aluminum

Copper

Nickel

Titanium

Refractory Metals

Advanced Ceramic

Intermetallic Compounds

CMCs

Nano-Ceram

Parts

Powder Metallurgy Products, by End Use

Automotive

Industrial, Tooling, Hydraulics

Recreation, Hand Tools, Hobby

Household Appliances

Hardware

Business Machines

Other

Chapter 2: Summary and Highlights

The powder metallurgy (PM) industry, which was severely affected by the 2008â€"2009 recession, most notably due to the steep decline in automotive production, recovered and surpassed pre-recession levels. In 2016, PM shipments exceeded 3.4 billion pounds with a value of more than $6.4 billion.

BCC Research's projections indicate that powder shipments will exceed 3.6 billion pounds with a value of $7.3 billion in 2017 and nearly 4.7 billion pounds ($10.9 billion) by 2022. These figures represent a CAGR of 5.2% in volume terms and an 8.2% rise in market value between 2017 and 2022. Meanwhile, shipments of powder metal-based parts and components are expected to grow from approximately 3.0 billion pounds ($13.4 billion) in 2016 to nearly 3.2 billion pounds ($15.1 billion) in 2017, and to increase further to 4.1 billion pounds ($22.6 billion) in 2020.

Read the full report: https://www.reportlinker.com/p05142312  

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