Metal Powder Market size was valued at US$ 6.95 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 6.9% from 2023 to 2029, reaching nearly US$ 11.10 Bn.
Metal Powder Market Report Scope and Research Methodology
The qualitative and quantitative data collected by primary research resources, free and paid databases, surveys, Google forms, etc. is further analysed by tools such as SWOT and PESTLE analysis to understand the Metal Powder market.
Metal Powder Market Overview
The report insights about top players, market size, share, key drivers, challenges, opportunities, competitive landscape, market attractiveness analysis, new product launches, technological innovations, and growth contributors which helps to analyse the Metal Powder Market.
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Metal Powder Market Regional Insights
A regional analysis typically includes a precise examination of market trends, competitive landscape, consumer behaviour, and regulatory environment in each region.
Metal Powder Market Segmentation
The market is divided into ferrous and non-ferrous segments based on the kind of material. By 2029, it is anticipated that the ferrous material category would command a market share of xx%. The ferrous category comprises of metal powders made of iron, steel in all its varieties, and their alloys, as well as alloying elements including nickel, molybdenum, and chromium. Steel is one of the more affordable metal choices when employing additive manufacturing. For particular uses, it can also be alloyed with other metals, including bronze.
During the projected period of 2023-2029, the non-ferrous material segment is anticipated to increase significantly at a CAGR of%. The non-ferrous section consists of metal powders made of aluminum, copper, zinc, titanium, tungsten, magnesium, and other substances. A growth in demand for aluminum is anticipated as a result of its strengths and light weight. Aluminium is used in manufacturing equipment, including functional components and cycles. Equipment composed of aluminum can be printed using direct metal laser sintering. The expanding need for titanium implants in the healthcare industry is anticipated to boost the industry's growth. Organizations like Novax DMA and CEIT Biomedical Engineering have entered the production of titanium-based medical implants to treat deformities in the human skull, bones, and vertebrae.
The market is divided into Press & Sinter, Metal Injection Molding, Additive Manufacturing, and Others based on technology. The press and sinter technology segment is anticipated to expand quickly between 2023 and 2029, with a CAGR of%. Press and sinter is the standard powder metallurgy process. It is affordable and produces parts that are almost net-shaped. Thermal treatment or compaction at a temperature below the melting point of metal is necessary to produce a green compact.
The market is divided into Automotive, Aerospace & Defense, Healthcare, and Others based on the end-use industry. During the projection period of 2023-2029, the Automotive End-use Industry segment is anticipated to expand fast at a CAGR of%. The automotive sector, which uses processes including hot isostatic pressing (HIP), additive manufacturing (AM), press and sinter, and metal injection moulding (MIM), is one of the biggest consumers of metal powder. The press and sinter method is widely used in the automotive application market to produce auto parts. Other processes, such as AM, HIP, and MIM, are experiencing faster penetration than the press and sinter.
1 Global Metal Powder Market, by Material (2022-2029)
• Ferrous
• Non-ferrous
2 Global Metal Powder Market, by Technology (2022-2029)
• Press & Sinter
• Metal Injection Molding
• Additive Manufacturing
• Others
3 Global Metal Powder Market, by End-use Industry (2022-2029)
• Automotive
• Aerospace & Defense
• Healthcare
• Others
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Metal Powder Market Key Players
1. Sandvik AB
2. ATI Powder Metals
3. AMG Advanced Metallurgical Group
4. Rio Tinto Plc
5. American Axle & Manufacturing, Inc.
6. Carpenter Powdered Products
7. Showa Denko Materials
8. GKN Plc
9. Praxair Surface Technologies Inc.,
10. Aubert & Duval
11. Hoganas AB
12. voestalpine BÖHLER Edelstahl GmbH & Co KG
13. Royal Metal Powders
14. Australian Metal Powders Supplies Pty Ltd.
15. CNPC Powder Group Co., Ltd.
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Key questions answered in Metal Powder Market are:
- What is the Metal Powder market size of the dominating region?
- What was the Metal Powder market size in 2022?
- What is the expected Metal Powder market size by 2029?
- What is the growth rate of the Metal Powder Market?
- Which are the factors expected to drive the Metal Powder market growth?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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