Global Metal Powder Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

“Global Metal Powder Market” is an upcoming market research report under process at MarketResearch.biz. In the report, various data and information on the global metal powder market such as market drivers, threats, growth opportunities, revenue details, restraints, competitive landscape, recent developments, details on key players are included. Findings and conclusions of the research report are verified by experts from the target industry before we include it in the report and publish it.   The global metal powder market research report is segmented on basis of material, application, technology, and regions and countries.

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Overview

Metal powder is powdered form of various metals such as aluminum, steel, and iron. Metal powder is widely used in several applications of various industries. These industries include automotive, healthcare, firearms, and electronics. The metal powder market includes global, prominent, and local vendors.

Dynamics

Demand for metal powder has been increasing due to rise in industrial and automotive component manufacturing output and this is the key factor driving growth of the market. Increasing demand from component manufacturing industries for metal powder is projected to drive growth of the global metal powder market over the forecast period. This increasing demand is attributed to different features of the product such as cost efficiency, reduced manufacturing time, less wastage, high volume capacity, and recyclability. Compared to extrusion, forging, machining, and casting, powder metallurgy requires the least amount of energy and materials and offers maximum utilization of raw materials. Various end-use industries such as electronics, automotive, firearms, industrial, and healthcare use metal powder-based components. Demand for metal powder has been increasing owing to growth in end-use industries.  Moreover, owing to increasing focus on electric and lightweight vehicles, demand for metal powder is projected to increase over the forecast period. Different powdered metal parts such as osteoporosis pen ratchet, kidney dialysis spring seat, and intestinal stapler gear system find application in the medical industry. Also, partials, bridges, and copings are used in the dental industry. Thus, increasing spending on healthcare is expected to drive growth in the market. However, powder metallurgy being recognized as green technology is projected to restrain growth of the market. Technological advancements in the metal powder industry and high initial capital investment required are expected to create growth opportunities for key players in the market over the forecast period.

Global Metal Powder Market Segment Analysis:

By Material: Among the material segments, the ferrous segment accounts for highest revenue share in the global metal powder market and this is expected to continue over the forecast period. This can be attributed to growing utilization of steel and iron powder for filter and bearing parts, friction parts, and magnetic materials.

By Application: Among the application segments, the automotive segment is projected to account for highest revenue share in the global market over the forecast period. This growth can be attributed to increasing requirements for different lightweight components with different benefits such as superior performance and low cost.

By Technology: Among the technology segments, the press and sinter segment is projected to contribute highest revenue share over the forecast period, which can be attributed to the capability of press and sinter technology to produce large volumes at low cost using a wide range of materials.

Global Metal Powder Market Regional Analysis:

Among the regions, North America is projected to account for highest revenue share in the global metal powder market over the forecast period. This is attributed to the advancement of Automotive industry in the region. Europe is projected to contribute second-highest revenue share in the global metal powder market.

Global Metal Powder Market Segmentation: 

By Material:

• Ferrous
• Non-ferrous

By Technology:

• Press and Sinter
• Metal Injection Molding
• Additive Manufacturing
• Other Technologies

By Application:

• Automotive
• Aerospace & Defense
• Healthcare
• Other Applications

 By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Höganäs AB
• GKN
• CNPC Powders
• Pometon Powders
• Sandvik AB
• Rio Tinto Metal Powders
• BASF SE
• JFE Holdings, Inc.
• Vale S.A.
• Alcoa Corporation
• Laiwu Iron & Steel Group Powder Metallurgy Co. Ltd