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 | February 2021 | Region: Global | 137 pages         

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

  • 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

  • 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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Synopsis of Metal powder Market


Metal powders are extensively used for the process of thermal spraying, filling plastics, and fabricating sintered parts among others. Some of the most common powdered metal types include iron, aluminum, copper, and lead among others.  The demand from the construction and automobile industry is a significant factor driving the growth of the global metal powder market. Some of the major applications of metal powder include building & construction, automobile, and industrial.


The growing industrialization and urbanization in the developing regions across the globe is expected to boost the market during the forecast period. The global metal powder market is likely to expand at a CAGR of over 3% during the forecast period 2017-2030.  Moreover, the demand for metal power is expected to grow during the given period to reduce environmental impacts of the metal industry.


Among the various product type in the metal powder market, the ferrous metal powder is the leading segment of the market and is anticipated to continue dominating over the forecast period. The growing demand from the end use industries mainly construction and transportation are contributing significantly to the growth of the segment. Among the various production methods, chemical method is expected to register the highest growth during the review period.


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.).


Industry Update:


Jan 2022 - ICD Applied Technologies Ltd, Sheffield, UK, will be Mimete's metal powder distribution partner in the UK and Ireland, according to a distribution agreement signed by Mimete Srl, Italy. Mimete is a metal powder manufacturer and analyzer part of the Fomas Group. Mimete and ICD will be able to expand and develop the market for nickel, cobalt, and iron-based metal powders in the region due to this collaboration. Furthermore, the deal allows Mimete to enter the British and Irish market with a local partner, ensuring a speedier and more comprehensive service to final consumers.

Jan 2022 -
Tekna Holding AS, based in Canada, announced plans to consolidate its European metal Additive Manufacturing powder into a single new plant in Pont-de-Veyle, France. The corporation has secured a nine-year lease to increase its supply chain resiliency. The 8,000-square-meter structure is meant to accommodate 1,500 tonnes of powder manufacturing capacity for nickel, aluminum, and titanium powders. The building also enables future production capacity increase and the integration of printed electronics and energy storage activities. The factory is part of Tekna's ten-year business plan, which began in 2021 and aimed to develop and hasten growth in all three of the company's powder sectors.

July 2019 -
Höganäs AB (Sweden) is set to expand its metal powder production facility in Pennsylvania, USA, adding few production capabilities for supporting Additive Manufacturing as well as other technologies. A 24,000 ft2 building will be added, coupled with purchase of new machinery.


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.