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Powder metallurgy has grown with the expansion of various industries since 1950. The expansion of the automotive industry especially, which came from the U.S., has been a big influence. Nowadays, over 90% of powder metallurgy products are used in the transportation market. Recently, the automotive industry is in the trend of the post-oil due to increasing environmental concerns, and technologies for reducing fuel consumption have been rapidly developed, such as lightweight technology and engine downsizing for environmentally friendly vehicles. To achieve this reduction, powder metallurgy products, which are components of the latest systems, are also required to have higher performance. Moreover, the development of new field products such as magnetic materials is expected to meet the new trends of the automotive industry, electric and hybrid vehicles. Furthermore, the adoption of next generation applications in powder metallurgy is strongly required in growth markets such as information home appliances, sustainable energy, and life sciences.
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