European PM and MIM sectors see continued growth
August 5, 2015
The European PM industry is benefiting from the gradual economic recovery in Europe, and particularly from a rejuvenated automotive industry over the past couple of years. Both ferrous and copper-based powder shipments to the PM industry were reported by the European Powder Metallurgy Association (EPMA) to have increased by 7.1% in 2014 compared with the previous year to over 197,612 tonnes.
The EPMA expects this growth trend to continue for 2015 with an anticipated 5% increase for PM powder shipments over the whole year. The MIM sector is also reported by the EPMA to have put in another steady performance in 2014 gaining by around 10% by sales value to an estimated €280 million ($310 million).