Aluminium powder.
Aluminium powder.

The top six or seven companies that are well established in this field make up roughly one-third of the market, whilethe remaining two-thirds are small- and medium-sized companies spread across various countries. The US continues to claim a high proportion of the total volume of powder metal production and is expected to retain this lead at least through the next decade, the Gil Research report showed.

The PM component manufacturing industry is estimated to be worth around US$14 billion, GII Research says, with the top dozen players in this field making up roughly one-third of the market. The rest comprise small and medium-sized companies spread across various countries. In this market, there is a larger percentage of companies in the Asia Pacific region and North America; the Asia-Pacific companies, including those in China, are expected to grow at a faster rate in the next decade and could make up half of the global output for components by 2020, the report states.