Powder Metallurgy: Asia-Pacific Markets 2023 | JSBMarketResearch.com
Summary
Powder
Metallurgy: Asia-Pacific Markets to 2023
Powder metallurgy is
the science of fabricating components with metal powders as their starting
material. Powder metallurgy processes differ from conventional metallurgy
processes such as melting and pouring, casting, drawing, forming, cutting,
machining, welding, extrusion, forging and other related processes.
In
conventional metallurgy, the metal or alloy is always in a continuous physical
form and is made into various shapes and articles using the above-mentioned
processes. In case of PM, these processes are replaced by new and easier
methods such as blending, compacting and sintering.
One of the major
drawbacks of conventional metallurgy process is the phase rule, which dictates
what ratios of specific elements can coexist in solid or liquid phase together
in one continuum. This drawback is completely eliminated when the metal powders
are handled through the powder metallurgy process. Powder metallurgy is
sometimes referred to as the chip-less process, meaning there is zero waste of
materials. This is due to the absence of machining operations compared to
conventional metallurgical processes.
Powder
metallurgy (PM) is a cost-effective process for forming metal parts by
heating compacted metal powders to just below their melting points. PM
production methods can be used to fabricate numerous parts with complex shapes
that meet demanding specifications. Unlike conventional machining, PM creates
very little scrap or waste.
Most parts produced
using the PM process weigh less than five pounds, while parts weighing as much
as 35 pounds can be fabricated with conventional PM equipment. Many early parts
produced by PM, such as bushings and bearings, were simple shapes, but today’s
sophisticated PM processes can economically produce components with complex
contours and multiple levels.
Despite their small
size, PM-produced parts are strategically important to the automotive,
aircraft, hardware, instrumentation, oil and gas well-drilling equipment, and
off-road tractor industries. A typical automobile contains more than 40 pounds
of PM parts. Parts such as aircraft engine turbines, power tools, surgical
instruments, riding lawn mowers, etc. depend on the PM process for their
formation and strength.
The Asia-Pacific
powder metallurgy (PM) industry, which was affected by the 2008–2009 recession,
most notably due to the steep decline in automotive production, recovered and
surpassed pre-recession levels. In 2017, the Asia-Pacific PM parts and
components market exceeded REDACTED with a value of more than REDACTED.
Projections indicate
that the PM market in Asia-Pacific will exceed REDACTED in 2018 with a value of
REDACTED and reach nearly REDACTED (REDACTED) by 2023. These figures represent
a CAGR of REDACTED in volume terms and an REDACTED rise in market value between
201 8 and 2023.
The information includes:
Company Profile
Main
Business Information
SWOT Analysis
Sales,
Revenue, Price and Gross Margin
Market Share.
Market trend
Advent of
advanced technologies
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