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Global Metal Powder Industry Analysis By Geography
Metal powder is powdered form of various metals such as aluminum, steel, and iron. It is widely used in several applications of various industries. These industries include automotive, healthcare, firearms, and electronics. Metal powders are extensively used for the process of thermal spraying, filling plastics, and fabricating sintered parts among others.
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Asia Pacific is projected to have the highest CAGR due to the increasing competition, consumer awareness, rising consumer spending, demand for powder metallurgy manufactured components, and technological advancements. The market for Metal Powder in developing countries such as China and India are estimated to grow at a relatively higher rate during the forecast period. China is estimated to grow faster than any other country because of its strong economic growth along with growing demand from end-user industries and rapid urbanization. Developing countries such as China and India are estimated to witness the relatively high growth rate in forecast period for market. China is estimated to grow faster in comparison with any other country because of its rapid urbanization as well as strong & increasing demand from end-user industries.
Some of the key players profiled in the Metal Powder Market include BASF SE, Hitachi Chemicals Co. Ltd., Voestalpine BÖHLER Edelstahl GmbH & Co KG, Metaldyne Performance Group, Allegheny Technologies Incorporated, Carpenter Technology Corporation , Praxair Surface Technologies Inc., Sandvik AB, ATI Powder Metals , AMG Advanced Metallurgical Group, Miba AG, Alcoa Inc., Hoganas AB, RIO Tinto, and GKN PLC.
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