Global Metal Powder Market Overview:
The latest report published by IMARC Group, titled “Metal Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022- 2027″, offers a comprehensive analysis of the industry, which comprises insights on the metal powder market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global metal powder market is expected to exhibit a CAGR of 5.2% during 2022-2027.
Metal powder refers to fine particles of metals manufactured through the process of electrolysis, atomization, solid-state reduction, and chemical treatment. Some commonly used metals for producing metal powders include iron, aluminum, lead, nickel, gold, platinum, silver, and copper. It is widely used as a base material for manufacturing metallic components. It is also utilized in fireworks, solar cells, brake pads, ceramics, metallic paints, welding rods, and magnetic products. Consequently, metal powder finds extensive applications across the automotive, aerospace, construction, electronics, healthcare, defense, manufacturing, and metalworking industries.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
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Global Metal Powder Market Trends:
Metal powder is extensively used for fabrication techniques in additive manufacturing (AM), powder metallurgy, soft magnetic applications, and metal injection molding (MIM). As a result, the expanding powder metallurgy industry represents the primary factor driving the market growth. Additionally, with the escalating demand for lightweight vehicles, there has been widespread adoption of metal powders, such as iron, steel, aluminum, and carbon fiber, for manufacturing different automobile parts to reduce the material usage and weight of the vehicle.
In line with this, the increasing adoption of metal powder to produce micro and miniature components of surgical tools and medical equipment, along with partial dentures, bridges, and copings, has augmented product demand. Besides this, the rising usage of metal powder in fabricating self-lubricating bearings and high-powered magnets has accelerated product adoption rates.
Furthermore, continual technological advancements in production processes and extensive investments in research and development (R&D) activities have propelled the market growth. Other factors, including the escalating demand for sintered parts, increasing penetration of AM and MIM, rapid industrialization, and rising sales of electric vehicles (EVs), are also providing a positive thrust to the market growth.
Global Metal Powder Market 2022-2027 Analysis and Segmentation
Competitive Landscape with Key Players:
- Advanced Technology & Materials Co. Ltd.
- Allegheny Technologies Incorporated
- Carpenter Technology Corporation
- GKN Sinter Metals Engineering GmbH (Melrose Industries)
- Höganäs AB
- LIBERTY Steel Group
- Molyworks Materials Corporation
- Sandvik AB.
Market Breakup by Material:
Breakup by Technology:
- Pressing and Sintering
- Metal Injection Molding
- Additive Manufacturing
- Aerospace and Defense
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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