MARKET RESEARCH

Powder Metallurgy Components Market – Snapshot   Powder metallurgy is a cost-effective method of forming precision net shaped metal components, which yield efficiently designed consumer and industrial products. Significant increase in automotive production in Asia Pacific, led by rapid urbanization and industrialization, is driving the global powder metallurgy components market. The global  powder metallurgy components market   has been segmented based on product and application. In terms of product, the market has been bifurcated into ferrous metals and non-ferrous metals. The ferrous metals segment has been further classified into iron and steel, while the non-ferrous metals segment has been categorized into aluminum and others (including copper, tungsten, and molybdenum). Ferrous metals was the leading segment of the global powder metallurgy components market in 2017. Rise in usage of ferrous based powder metals in various applications such as magnetic assembli...