A dense technical sentence from metallurgy. 伴う ('to accompany, involve') is the verb that turns 粉末冶金技術 into a modifier of メカニカルアロイ法. により is the formal version of によって ('by means of') — much more common in formal/technical writing. The suffix 法 (ほう) here means 'method, process', common in technical nomenclature: 電気分解法, 合成法, 抽出法, etc.