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Metal Powder Market Value of around US$ 20 Bn by 2031|Sandvik AB, GKN PLC, ATI Powder Metals, Praxair Surface Technologies
Metal Powder Market 2022-2031
As per Persistence Market Research analysis, the market is projected to reach a market value of around US$ 20 Bn by 2031, expanding at a CAGR of more than 3% over the next ten years.
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Metal powder is used with additive manufacturing to create complex objects such as automotive components, aircraft engine parts, and medical implants. Basically, metal powder is derived by cutting metal into powder form. Metal powder includes iron powder, aluminum powder, and titanium powder, and is used in various industries such as automotive, aerospace & defense, medical, and building & construction, besides others.
Globally, the metal powder market is projected to grow at a moderate rate, driven by steady demand from end-use industries across the globe. However, powder metallurgy is anticipated to witness relatively significant growth over the forecast period. Consumption of metal powder in additive manufacturing and metal injection molding (MIM) applications is estimated to be the highest over the coming years.
Key Players:
The report has profiled some of the important players prevalent in the global like - Sandvik AB, GKN PLC, ATI Powder Metals, Praxair Surface Technologies Inc., Hö ganäs AB, AMG Advanced Metallurgical Group, Rio Tinto Plc, voestalpine BÖ HLER Edelstahl GmbH & Co KG, Aubert & Duval, American Axle & Manufacturing, Inc., Carpenter Powered Products, Royal Metal Powders, Australian Metal Powders Supplies Pty Ltd., CNPC Powder Group Co., Ltd., and Showa Denko Materials, and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Metal Powder Market.
Key Takeaways from Market Study
The market is growing steadily in India and China, owing to robust innovation and growth in the manufacturing of industrial equipment in these countries.
Growing need for lightweight metal components is presenting significant opportunities for metal powder manufacturers.
Direct Metal Deposition (Ded) with metal powder is anticipated to boost demand in future.
Rising demand for metal powder for state-of-the-art technology is being witnessed across regions.
By material, iron will hold around 80% of the overall market share.
Powder metallurgy dominates the landscape with over 90% market share.
North America and Europe, together, hold close to 60% share of the global market.
Due to the COVID-19 pandemic, the global metal powder industry declined and experienced a CAGR of -1.8% in 2020. However, as things gradually get back to normal, the market will get back to its normal growth trajectory of around 3% in 2021.
"Demand for lightweight metal components across industries catalyzing market growth," says a Persistence Market Research analyst.
Want to Know More?
Persistence Market Research has published a market research report on the metal powder market that contains global industry analysis of 2016-2020 and opportunity assessment for 2021-2031. The report provides insightful analysis of the market through different segments, namely, material, process, application, end use, and region. The report also provides supply and demand trends, supply-demand scenario, and a comprehensive list of suppliers and distributors in the market, along with a detailed overview of the parent market.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Metal Powder Market Manufacturers
Metal Powder Market Distributors/Traders/Wholesalers
Metal Powder Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
If you have any special requirements, please let us know and we will offer you the report as you want.
Metal Powder Market - Report Highlights
A detailed overview of parent market of Metal Powder Market
Changing Metal Powder Market dynamics in the industry
In-depth segmentation of the Metal Powder Market
Historical, current, and projected Metal Powder Market size regarding volume and value
Recent industry trends and developments in Metal Powder Market
Competitive landscape of the Metal Powder Market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Metal Powder Market performance
Must-have information for Metal Powder Market players to sustain and enhance their market footprint
Key Questions Answered in the Metal Powder Market Report
How is the Metal Powder Market expected to grow over the projected period?
What direction is the Metal Powder Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Metal Powder Market in future?
What are the key market drivers in the Metal Powder Market?
What are significant opportunities and improvement areas for Metal Powder Market manufacturers?
What are the key developments and trends taking over the Metal Powder Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Metal Powder Market?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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