Global Metal Powder Market Is Projected To Top A Valuation Of Us$ 32.7 Bn By 2032

Global Metal Powder Industry Current Scenario and Future Outlook



The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The Metal Powder industry suffered a huge setback due to halted production and a limited supply of raw materials.

With the vaccination process picking up pace in countries like China, India, the U.S., the U.K., and Germany, manufacturers are gradually heading towards the road to recovery with an improved supply chain and streamlined production activities.

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Metal Powder Industry Survey - Key Segments

By Material Type:

Metals

Iron

Copper

Nickel

Aluminium

Others (Chromium, Cobalt, Manganese, Titanium, etc.)

Metal Alloy
Stainless Steel
Silicon-iron
Nickel-iron
Others
By Production Technology:

Solid State Reduction
Atomization
Electrolysis
Others

By Application:

Metal Powder for Additive Manufacturing
Metal Powder for Alloying and Plating
Metal Powder for Tool Manufacturing
Metal Powder for Catalysts
Metal Powder for Powder Metallurgy
Press & sinter
Hot Isostatic Pressing (HIP)
Hard Materials
Others
Metal Powder for MIM
Others

By End-use Industry:

Metal Powder for Aerospace & Defense
Metal Powder for Automotive
Metal Powder for Oil & Gas
Metal Powder for Medical Use
Metal Powder for Building & Construction
Others

By Region:

North America Metal Powder Market
Latin America Metal Powder Market
Europe Metal Powder Market
East Asia Metal Powder Market
South Asia & Oceania Metal Powder Market
Middle East & Africa Metal Powder Market


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Infrastructure Expansion in the U.S. is Fueling Demand for Metal Powder

The Metal Powder chemical industry in the U.S. suffered a huge setback due to the coronavirus outbreak in 2022, halting operations in industries such as construction, automotive, and pharmaceutical.

However, with the gradual resumption of production activities and improvements in the supply chain globally, manufacturers operating in the Metal Powder chemical industry are gearing up to retain the industry's post-pandemic status.

Rising demand for Metal Powder dispersants from the construction and oil & gas industry is driving the Metal Powder chemical industry in the U.S. Metal Powder dispersants are widely used in the construction industry, and the anticipated growth is attributable to the wide expanse of real estate in the country.

Increasing housing infrastructure projects are propelling Metal Powder dispersant sales, thus augmenting the growth of the Metal Powder chemical industry. The presence of leading players in the country is also driving sales and export in the Metal Powder chemical industry.

Competitive landscape

The market is highly competitive in nature with leading manufacturers of metal powder such as AMG Advanced Metallurgical Group N.V., Australian Metal Powder Supplies Pty Ltd, ATI Powder Metals, Aubert & Duval, Carpenter Powder Products, GKN Plc, Global metal powder, Heraeus, Hitachi Chemical Co., Ltd., Hoganas AB, Industrial Metal Powder Pvt Ltd, LPW Technology Ltd, Makin metal powder, Metaldyne Performance Group Inc., Praxair Surface Technologies, Rio Tinto metal powder, Royal metal powder, Inc., S.T. Technology, Inc., Sagwell, Sandvik AB, US metal powder Inc. and voestalpine BOHLER Edelstahl GmbH & Co KG.

Key market players of metal powder are making strategic moves to increase their market share by broadening their existing AM portfolio capability and focusing on acquisitions or collaborations with AM-specific powder-related companies.

For instance, Carpenter Technology made three significant acquisitions of AM-specific companies - LPW Technology and CalRAM in 2018, and Puris LLC in 2017.

To maintain competitiveness and brand image, manufacturers are also focused on developing and offering application-based products.

Höganäs AB, one of the leading manufacturers of metal powder, offers high-quality products for powder metallurgy.
LPW Technology Ltd is a leading manufacturer of ultra-clean additive manufacturing metal powder.

U.K is Capitalizing on Metal Powder Binders for Sustainable Construction Activities

The U.K. has been at the forefront in terms of technological advancements and the adoption of sustainable technology in production globally, which is a key factor augmenting the growth of the Metal Powder chemical industry.

In 2022, the country suffered huge setbacks due to the adverse effects caused by the COVID-19 pandemic. However, manufacturers operating in the Metal Powder chemical industry are striving to achieve the pre-pandemic status by opting for various Metal Powder and inMetal Powder growth strategies.

In the U.K, the growth of the Metal Powder industry can be attributed to the surging demand for Metal Powder binders. The environment-friendly nature, low energy consumption, and cost-effectiveness offered by Metal Powder binders are key factors leading the sales and demand.

Growing urbanization and rapid increments in infrastructure activities across the country are fueling the demand for Metal Powder binders, thus creating lucrative opportunities for several players operating in the Metal Powder chemical industry in the upcoming decade.


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China is Incorporating Metal Powder Pigments in Textiles and Visual Arts

The global hub for the Metal Powder chemical industry, China, is picking up pace in its post-covid recovery, due to the timely eradication of the virus. With little to no restrictions, most production-related activities have resumed across the country, acting as anchors for various local and global manufacturers.

China is a lucrative ground for the Metal Powder industry due to the presence of leading manufacturers and several industries such as textile, pharmaceutical, plastic, and paint. Due to the abundance of these industries, the demand for Metal Powder pigments is also gaining immense traction in China.

Metal Powder pigments are non-toxic, cost-effective, and offer good color strength, making them a favorable choice for usage in various end-use sectors. Increasing the use of Metal Powder pigments in plastics, textiles, paints, and coatings will continue driving the growth in the Metal Powder industry.

Additionally, the wide range of unique shades available in Metal Powder pigments makes them a preferred choice for visual arts as well. The consumption of Metal Powder pigments in high-tech applications such as photo-reprographics, optoelectronic displays, and optical data storage are fueling the demand for Metal Powder pigments and creating lucrative opportunities for players operating in the Metal Powder industry.

India Will Showcase High Demand for Speciality Metal Powder

India is emerging as a lucrative market for the Metal Powder chemical industries for players across the world. With gradual resumptions in the restrictions on movement, the country is slowly getting back on track to achieve post-pandemic status in the coming years.

The Metal Powder industry in India is capitalizing on various sectors such as paints, pharmaceuticals, adhesives, pesticides, and dyes, making it one of the most important industries in the country.

Leading players operating in the Metal Powder industry are focusing on enhancing their product portfolio by adding specialty chemicals such as polymer additives, water treatment chemicals, and lubricating additives, which will further drive growth and sales in the industry in the upcoming decade.

The newly discovered natural gas reserves in the country will also enable manufacturers to procure diverse Metal Powder and will continue augmenting the growth of the Metal Powder chemical industry.


Key Long-Term Trends

The global Metal Powder industry is gradually recovering in 2021 and is expected to gain momentum in the upcoming years. With a noteworthy surge in activities in industries such as infrastructure, construction, pharmaceutical, and oil & gas, the Metal Powder industry will show an upward trend in the coming years. Some new trends that are augmenting the market growth are:

Chemoinformatic

The Metal Powder industry will largely benefit from chemoinformatic due to various factors such as the ease of evaluating specific properties of large compounds. The use of computational and informational techniques will help manufacturers gain insights into the new and existing chemicals and how to incorporate them into Metal Powder chemical products.

For More Insights-https://www.globenewswire.com/news-release/2022/03/09/2400432/0/en/Low-Code-Development-Industry-is-Projected-to-Achieve-a-Global-Market-Size-of-US-187-Bn-by-2032-Currently-US-Accounts-For-the-Largest-Market-Share-in-the-World.html

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This release was published on openPR.