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 Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Metal Powder Market Overview:
The primary goal of this research is to assist the user in understanding the Metal Powder Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Metal Powder industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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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.
The market is divided into Press & Sinter, Metal Injection Molding, Additive Manufacturing, and Others based on technology. During the forecast period of 2023-2029, the press and sinter technology segment is anticipated to expand fast at a CAGR of xx%. 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 projected period of 2023-2029, the automotive end-use industry segment is anticipated to expand fast at a CAGR of xx%. 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: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Metal Powder market are
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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Regional Analysis:
The report focuses on Global Regions and Market Size of Metal Powder, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Metal Powder Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Metal Powder industry in 2021.
Key Questions Answered in the Metal Powder Market Report are:
- What is the function of Metal Powder?
- What is the predicted revenue generation of the Metal Powder market?
- At what growth rate is the Metal Powder market evolving?
- Who are the major market giants operating in the Metal Powder market?
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