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Industry Experts, Inc. released an updated 2022 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 2022-2027 CAGR of 9.2% in reaching a projected US$5.7 billion by 2027. Powder Metallurgy is a technique utilized for processing powdered raw materials and producing a variety of components based on iron & steel powders (ferrous) and aluminum, cobalt, copper, nickel and titanium, among others (non-ferrous). The components made using powder metallurgy are very strong and can withstand working environments that conventionally produced parts cannot. The demand for this procedure has been exhibiting quite impressive growth over the recent past, though the advent of COVID-19 has changed the scenario to some extent. The global demand for Powder Metallurgy components and parts is anticipated to be the largest for the Automotive sector,...

Industry Experts, Inc. unveiled the new global market report entitled " Powder Metallurgy – A Global Market Overview ". As per the new report, Automotive forms the largest, as also the fastest growing, application for Powder Metallurgy, the market for which is slated to compound annually at 6.5% over 2017-2023 in reaching a projected US$7.8 billion by 2023. Powder Metallurgy is a technique used for processing powdered feedstock that is further used to manufacture various types of components. The parts and components produced using this method find application in a range of areas, such as aerospace, automotive, business machines, electrical & electronics and industrial, among others. These components can include gears, bushes, bearings, sprockets, rotors and magnets. Fast growth in technological advancements in electronic and computer components is one major factor fueling demand for Powder Metallurgy, with the aerospace and automotive industries also making significant...