Powder metallurgy (PM), defined as the science of solid state sintering, offers benefits such as lower machining costs, elimination of wastages, material conservation, and uniformity in machined shapes and dimensions. Powder metal technology finds applications in the production of automotive and aerospace parts and component. A recovery in major end-use markets has been driving demand for metal powders and PM parts since the official end of the 2007-09 economic downturn. Representing the largest end-use market for metal powders and PM parts, the global automotive industry influences growth in the market. Demand for PM based structural auto parts, transmission and engine components, sintered magnets, and self-lubricating bearings is highly dependent on automobile production trends.
