The latest report published by the 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 includes information on the Global Metal Powders Market Growth. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market. The global metal powder market is expected to show a CAGR of 5.2% during the period 2022-2027. Metal powder is usually extracted from various metallic substances, such as iron, aluminum, nickel, gold, platinum, silver and copper. It is produced by the process of electrolysis, solid state reduction, chemical treatment and atomization. It is a cost-effective manufacturing process that offers improved recyclability, minimal waste, reduced production time and high volume capacity. As a result, it is widely used for manufacturing techniques in additive manufacturing, powder metallurgy, soft magnetic applications, and metal injection molding. Moreover, it is widely used in fireworks, solar cells, brake pads, ceramics, metallic paints, welding rods and magnetic products.
As the novel coronavirus (COVID-19) crisis grips the world, we are continuously monitoring changes in markets, as well as consumer buying behaviors around the world – our estimates on the latest market trends and values planned after taking into account the impact of this pandemic. These observations will be incorporated into the report.
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The global market is mainly driven by the significant growth in the powder metallurgy industry. Along with this, the growing demand for lightweight automobiles among the masses has significantly propelled the growth of the market across the globe. Furthermore, the widespread adoption of metal powder for various industrial applications including the manufacture of self-lubricating bearings and high-powered magnets is positively influencing the growth of the market. Additionally, the growing use of metal powder in the development of micro and miniature components of medical equipment and surgical tools is further creating a positive outlook for the market across the globe.
Additionally, various technological advancements in the production of metal powders and continuous improvements in the construction, chemical, and refractory industries are also driving the growth of the market. Other factors including rapid industrialization and extensive research and development (R&D) activities by key players are also expected to boost the market growth.
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Key Market Segmentation:
Competitive landscape with key players:
- Advanced Technology and Materials Co. Ltd.
- Allegheny Technologies Incorporated
- carpenter technology company
- GKN Sinter Metals Engineering GmbH (Melrose Industries)
- Hoganas AB
- LIBERTY Steel Group
- Molyworks Materials Corporation
- Sandvik AB.
Market breakdown by material:
Market breakdown by technology:
- Pressing and sintering
- Metal injection molding
- Additive manufacturing
Market Breakdown by Application:
- Aeronautics and Defense
- Health care
Market Breakdown by Region:
- North America (USA, 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, Others)
Main 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
- Complete 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 part of the customization.
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