The global Metal Powder Market Size is expected to reach US$ 8.52 billion by 2027 and is expected to grow at an impressive double-digit rate of 6.19% from 2020 to 2027.
The study includes drivers and restraints of this market. The study provides an analysis of the global Metal Powder Market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2020 is considered as the base year.
Why should you invest in this report?
If you are aiming to enter the global Metal Powder Market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Metal Powder are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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Growth Factors
The metal powder is a way more effective in comparison with numerous conventional processes such as forging, casting and stamping. Asia Pacific is predicted to endure the major consumer of powder metal products. Cumulative sale for sintered parts in the Asia Pacific is predictable to upsurge the growth of metal powder market. Amplified emphasis of players on converting metal powders into advantageous engineering components endures to withstand the growth of the market. With metal powders permitting numerous component producers to accomplish anticipated shapes that are impossible to produce with solid metal, their sales are expected to attain a milestone during coming years.
Changing emphasis of corporations on leveraging powdered metals over solid metals for extensive applications including filtration systems, auto metal components magnetic assemblies, and sharp gemstone-grinding blades endure to up thrust market advantages. Furthermore, the increasing need for metal powders with high steadiness and heat resistance would additionally subsidize the sales of steel and iron powder.
Report Highlights
- Increase in the requirement for structural components in numerous applications like motorcycles, agriculture machinery, automotive parts and home appliances is advancing the growth of the global metal powder market
- Intensification in the need for high fuel competence and escalation in emphasis on lighter and thinner components with superior dimensional precision, thermal processing and sintering are driving the requirement for metal powder around the world
- Among, different applications, automotive application segment seized a noteworthy share of the worldwide metal powder market in 2019.
- About 96,804,390 vehicles (counting light commercial, passenger, and heavy commercial vehicles) were traded around the world in 2017. Such high demand of automotive supports the growth of metal powder market growth
- The steel and iron type segment reported for a key market stake of the total metal powder market revenue in 2019
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Key Market Players and Strategies
- Advanced Technology & Materials Co., Ltd
- MolyWorks Materials Corporation
- GKN PLC
- Rio Tinto Metal Powders
- Hoganas AB
- POLEMA
- Rusal
- Liberty House Group
- Sandvik AB
Major Market Segments Covered:
By Type
- Ferrous
- Non-ferrous
By Technology
- Press & Sinter
- Additive Manufacturing
- Metal Injection Molding
- Others
By Application
- Healthcare
- Automotive
- Aerospace & Defense
- Others
Regional Analysis:
The geographical analysis of the global Metal Powder Market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global Metal Powder Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global Metal Powder Market in 2027?
- What is the expected CAGR for the Metal Powder Market between 2020 and 2027?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global Metal Powder Market?
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