Metal Powder Market Research Report - Forecast to 2030

Metal Powder Market Research: Information By Types (Non-Ferrous, Ferrous), Production Method (Physical, Chemical And Mechanical), Compaction Technique (Cold, Hot), End-Use Industry (Transportation, Construction) - Forecast Till 2030

ID: MRFR/CnM/4211-HCR | January 2023 | Region: Global | 137 Pages         

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Metal Powder Market

Metal Powder Market is projected to be worth USD 10.2 Billion by 2027, registering a CAGR of 4.1% during the forecast period (2020 - 2027).

Segmentation
Types Non-Ferrous Ferrous
Production Method Physical Chemical Mechanical
Compaction Technique Cold Hot
End-Use Industry Transportation Construction
Key Players
Companies Profiled   Sandvik AB (Sweden)    Carpenter Technology Corporation (U.S.)    Hoganas AB (Sweden)    GKN Plc. (U.K.)    Rio Tinto (U.K.)    Allegheny Technologies Incorporated (U.S.)    American Chemet Corporation (U.S.)    Carl Schlenk AG (Germany)    Hitachi Chemical Co. Ltd (Japan)    and Metaldyne performance Group Inc
Drivers
Market Driving Forces   The demand from the construction and automobile industry is a significant factor driving the growth of the global metal powder market.
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Metal Powder Market Overview


Metal Powder Market is projected to be worth USD 10.2 Billion by 2027, registering a CAGR of 4.1% during the forecast period (2020 - 2027). Additive manufacturing is commonly related to the concept of 3D printing. It is a widespread technology that is related to the powdered metal demand and has been increasing over the past years due to its strong functional properties, faster production, and high reusability rate. Furthermore, a wide range of compatible materials and cheaper costs are some factors that boost the demand for these in 3D printing, which is expected to propel the global metal powder market.


Several manufacturers and users have recently transitioned from traditional approaches to optical dispersion and image processing particles characterizing devices, gaining the advantages of lower costs and higher data quality which has fueled the market growth.


The widespread usage of dust in the automotive sector is increasing owing to the innovation of new complex components of engines and other parts. It helps in cutting costs and are sustainable as this dust saves energy and materials compared to traditional methods. There has been an increase in the implementation of this method in the automotive sector is expected to create lucrative opportunities for market growth.


Regional Analysis 


The metal powder market is segmented across five regions: Europe, Asia Pacific, North America Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing market with an expanding CAGR during the forecast period. The rapid growth of industries and urbanization is fuelling the growth of metal powder in the developing countries of Asia Pacific. Moreover, the shift of automobile and electrical and electronic industry into the region owing to the tax benefits and availability of cheap labor is further boosting the market growth. Furthermore, the growing population mainly in India and China has augmented the construction and automobile sector, which is further contributing to the market growth.  China, India, and Japan are the largest consumers of the metal powder in this region. North America is another dominant region in the market for metal powder owing to developed end-user industries such as transportation, building & construction and electronics among others. Moreover, the presence of the largest construction machinery manufacturers in the region is further expected to boost the market. According to the Statistica, the value of new construction in the U.S. was 1.16 trillion and is expected to grow in the coming years on account of ongoing investments, especially in New York City.


The European market is an another dominant  mainly driven by the developed electrical & electronics, construction, and automobile sector. Moreover, the growing metal fabrication sector along with the increasing infrastructural development is the major factor attributing to the growth of the market. Additionally, growing R&D activities in the automobile sector have further augmented the use of metal powder owing to the increasing demand for lightweight vehicles in the region.


Segmental Analysis


The global metal powder market is segmented into type, production method, compaction technique, and end-user industry. On the basis of the type the market is segmented into non-ferrous, ferrous, and others. On the basis of the production method, the global metal powder market is segmented into the physical method, chemical method, and mechanical method. On the basis of the compaction technique, the market is bifurcated into cold compaction technique and hot compaction technique. On the basis of the end-user industry, the market is further segmented into transportation, electrical and electronics, building and construction, and others.


Key Players


Some of the prominent players operating in the global metal powder market are Sandvik AB (Sweden), Carpenter Technology Corporation (U.S.), Hoganas AB (Sweden), GKN Plc. (U.K.), Rio Tinto (U.K.), Allegheny Technologies Incorporated (U.S.), American Chemet Corporation (U.S.), Carl Schlenk AG (Germany), Hitachi Chemical Co., Ltd (Japan), and Metaldyne performance Group  Inc (U.S.).


Recent Development


Metal Injection Molding (MIM) is a metalworking process in which metallic powder is mixed with a binder material to create a feedstock. Then, the product is sent to be shaped and solidified using an injection molding process. The inherent aim of using metal injection molding with metal powder is to achieve high volume production in a single step with cutting-edge accuracy.


Hence, the concept of metal injection molding is an efficacy trend in the global market. This trend is projected to imprint the market over the forecast period. Also, additive manufacturing or 3D printing can reduce energy consumption up to an addressable percentage, most useful in construction and aerospace for making lightweight products.


Furthermore, together with long-term agreements with regional distributors, establishing sales and service facilities in developing countries is also paving the way for the expansion of channel scope.


Geographical Analysis


The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Intended Audience



  • Metal powder   market manufacturers

  • Traders and Distributors of Metal powder  market

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory 



Report Scope:

Report Attribute/Metric Details
  Market Size   2030 : Significant value
  CAGR   2019–2030: Substantial CAGR
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Types, Production Method, Compaction Technique, End-Use Industry and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Sandvik AB (Sweden), Carpenter Technology Corporation (U.S.), Hoganas AB (Sweden), GKN Plc. (U.K.), Rio Tinto (U.K.), Allegheny Technologies Incorporated (U.S.), American Chemet Corporation (U.S.), Carl Schlenk AG (Germany), Hitachi Chemical Co., Ltd (Japan), and Metaldyne performance Group Inc (U.S.).
  Key Market Opportunities   The growing industrialization and urbanization in the developing regions across the globe
  Key Market Drivers   The demand from the construction and automobile industry is a significant factor driving the growth of the global metal powder market.


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Frequently Asked Questions (FAQ) :

Metal powders are extensively used for the process of thermal spraying, filling plastics, and fabricating sintered parts among others.

The metal powder market is showing a chance to achieve a 3% CAGR during the forecast period of 2017 to 2023.

Construction and transportation, these two industries can take charge of the end user segment of the metal powder market.

The chemical method can take the global metal powder market ahead.

The Asia Pacific region would score the highest CAGR between 2017 to 2023, the forecast period.

The ferrous metal powder has the opportunity to take the metal powder market ahead.