Pandemic Slightly Impacts Global Powder Metallurgy as Market to Reach $12 billion by 2026 - Market Research Report (2017-2026) by Industry Experts, Inc.
Thursday 01 Oct 2020
Industry Experts, Inc. released an updated 2020 version of the global market report entitled "Powder Metallurgy – A Global Market Overview". As per the new report, the demand for Powder Metallurgy in Asia-Pacific is likely to record the fastest 2019-2026 CAGR of 6.9% in reaching a projected US$3.9 billion by 2026.
COVID-19 has sent the global markets into a tizzy with the impact it has had and the Powder Metallurgy (PM) industry is no exception to this. However, the overall effect of this malaise on the market for PM may not be as pronounced as being witnessed by other sectors. The major end-use industries of PM include Automotive with over 75% share in 2019, with Aerospace, Electrical & Electronics and Medical accounting for nearly similar smaller splits.
Automotive accounts for about three-fourth of the global Powder Metallurgy market in 2019 and also projected to lead the market through to the analysis period 2019-2026. The overall Powder Metallurgy market is estimated to reach $9 billion in 2020 with a reduced y-o-y growth.
The report explores the Powder Metallurgy market for the period 2017-2026 globally, and the regional for metal types including Ferrous and Non-Ferrous while these major types further drilled down by Ferrous – Iron Powder and Steel Powder; Non-Ferrous – Aluminum, Cobalt, Copper, Nickel, Titanium and Others. The study also analyzes the major applications of Powder Metallurgy including Aerospace, Automotive, Electrical & Electronics, Industrial Machinery, Medical and Others.
The report reviews, analyses and projects the Powder Metallurgy market for global and the regional markets including the North America, Europe, Asia-Pacific, South America and Rest of World for the period 2017-2026 in terms of value in USD. 15 independent countries across North America – the United States, Canada and Mexico; Europe – France, Germany, Italy, Russia, Spain and the United Kingdom; Asia-Pacific – China, India, Japan and South Korea; and South America – Argentina and Brazil.
This 567 page global Powder Metallurgy market report includes 261 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. This report profiles 39 key global players and 32 major players across the North America – 16; Europe – 16; and Asia-Pacific – 7. The report also provides the listing of the companies engaged in the global Powder Metallurgy industry. The global list of companies covers addresses, contact numbers and the website addresses of 201 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused business information provider.
For more details, please visit: https://industry-experts.com/verticals/chemicals-and-materials/powder-metallurgy-a-global-market-overview