Metallurgy and Materials Science
Material science plays a important role in metallurgy too. Powder metallurgy is a term covering a wide range of ways in which materials or components are made from metal powders. They can avoid, or greatly reduce, the need to use metal removal processes and can reduce the costs. Pyro metallurgy includes thermal treatment of minerals and metallurgical ores and concentrates to bring about physical and chemical transformations in the materials to enable recovery of valuable metals. A complete knowledge of metallurgy can help us to extract the metal in a more feasible way and can used to a wider range. Global Metallurgy market will develop at a modest 5.4% CAGR from 2014 to 2020. This will result in an increase in the market’s valuation from US$6 bn in 2013 to US$8.7 bn by 2020. The global market for powder metallurgy parts and powder shipments was 4.3 billion pounds (valued at $20.7 billion) in 2011 and grew to nearly 4.5 billion pounds ($20.5 billion) in 2012. This market is expected to reach 5.4 billion pounds (a value of nearly $26.5 billion) by 2017.