Metal Powder Market Analysis Report 2022-2027 | CAGR of 5.2%

According to the latest report by IMARC Group, titled "Metal Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022- 2027″, the global metal powder market is expected to exhibit a CAGR of 5.2% during 2022-2027. Metal powder is a tailored substance that creates precise steel components with various functional properties. It is used with additive manufacturing to create complex objects, such as aircraft engine parts, automotive components, and medical implants. It is way more efficacious when compared with various conventional procedures, such as stamping, forging, and casting. There are four processes involved in the production of metal powder which are electrolysis, solid-state reduction, chemical, and atomization. It is versatile in creating a variety of metal and alloy components. It finds extensive applications in additive manufacturing, alloying, and plating.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

The COVID-19 pandemic has severely affected numerous industries across the globe. It halted the manufacturing sector that has impacted the market. Worldwide lockdown impositions and travel restrictions have led individuals to stay at home, thereby decreasing the demand for these manufacturing end-use products. Several sectors, such as automotive and electronics, have been hampered by the sudden distortion in operational efficiencies and disruptions in the value chains. The reduction in the growth of several industrial sectors has reduced the demand for metal powder worldwide.

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Global Metal Powder Market Trends:

The global market is majorly driven by significant growth in end-user industries. In line with this, the increasing demand for lightweight metal parts in the automotive, aerospace, and defense sectors is positively influencing the demand for metal powder. Furthermore, the rising adoption of additive manufacturing in aerospace and healthcare industries is bolstering the market growth. Apart from this, the growing demand for 3D printing through powdered metal due to its strong functional properties, faster production, and high reusability rate is creating a positive outlook for the market. Moreover, several manufacturers are transitioning from traditional approaches to image processing particles characterizing devices and optical dispersion to gain the advantages of lower costs and higher data quality, thereby escalating the product uptake on the global level.

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Key Market Segmentation:

Competitive Landscape with Key Players:

• Advanced Technology & Materials Co. Ltd.
• Allegheny Technologies Incorporated
• Carpenter Technology Corporation
• GKN Sinter Metals Engineering GmbH (Melrose Industries)
• Höganäs AB
• LIBERTY Steel Group
• Molyworks Materials Corporation
• Polema
• RusAL
• Sandvik AB

Market Breakup by Material:

• Ferrous
• Non-Ferrous

Market Breakup by Technology:

• Pressing and Sintering
• Metal Injection Molding
• Additive Manufacturing
• Others

Market Breakup by Application:

• Automotive
• Aerospace and Defense
• Healthcare
• Others

Market Breakup by Region:

• North America (United States, 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, Other)

Key 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
• Comprehensive 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 a part of the customization.

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