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 Overview
As per Maximize Market Research, global business research and consultancy firm,the global market Metal Powder Market was USD in 2022 and is expected to grow at a CAGR of percent over the forecast period to reach USD by 2029.
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Metal Powder Market Scope and Methodology
The bottom-up approach was used in the report to estimate the Metal Powder Market. The primary and secondary data sources were used to collect data. The primary source involved interviews with significant market leaders and industry experts including business owners and marketing specialists while secondary sources are a combination of the reviews of the financial and annual reports of top manufacturers. For better information on market penetration, competitive landscape demand analysis, and regional analysis are taken at the local, regional, and global levels. The report presented the PORTER and PESTLE Analysis with the potential impact of micro-economic factors of the Metal Powder market. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the Metal Powder market.
Metal Powder Market Regional Insights
Categorized broadly, the Metal Powder market is segmented across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report comprehensively analyzes factors, market size, growth rate, and regional import-export activities. The regional analysis extends to both local and country levels for a comprehensive examination.
Metal Powder Market Segmentation
The market is divided into ferrous and non-ferrous segments based on the kind of material. By 2029, the ferrous material segment is anticipated to have the biggest market share,%. 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.
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.
By metallurgical bonding the component parts together, this helps to reinforce the component. In addition, controlled-environment sintering of green compact produces the finished components through metallurgical bonding. Secondary processes like plating, repressing, and grinding are used to obtain tight tolerances and a superior surface quality.
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 the Metal Powder Market are:
- What is Metal Powder?
- What was the Metal Powder market size in 2022?
- What are the different segments of the Metal Powder Market?
- What growth strategies are the players considering to increase their presence in Metal Powder?
- What are the upcoming industry applications and trends for the Metal Powder Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Metal Powder Market?
- Who are the key players in the Metal Powder market?
- What segments are covered in the Metal Powder Market?
- Who are the leading companies and what are their portfolios in Metal Powder Market?
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 | 2023−2029
- 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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