Anticipated Growth for Metal Powders Market

Posted in Industry News on 30th June 2010

A comprehensive report carried out by Global Industry Analysts (GIA) has predicted that the global metal powders market will be worth a healthy $4.9 billion by 2015.

The prediction is based upon several technological advancements and breakthroughs which are driving the demand for powder metallurgy components in emerging industrial applications. It is hoped that this growth will continue and allow the metal powder industry to move beyond the traditional automotive sector and into more diverse arenas.

Powder metallurgy is widely regarded as a global industry, with metal powders being used in a range of industries such as automotive, engineering and chemical.

Their wide use in a variety of processing applications, combined with improvements in technology has driven global demand for metal powder. The versatility of metal powders has made them highly functional, flexible and most importantly, cost effective.

The GIA report highlighted that Europe currently dominates the global powder metallurgy market but is closely followed by North America. Diversified dominance such as this and the anticipated growth of useful applications for several metal powders, including stainless steel, iron, tungsten and aluminium is helping drive market value upwards.

A likely revival in the automotive industry, combined with an increased demand for high density powdered metals will also help drive the powder metallurgy industry in the future.

William Rowland Ltd are metal powder suppliers, and if you would like to find out how we can meet your requirements, please contact us using the Quick Enquiry Form on the right-hand side of this website.

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