openPR Logo
Press release

Metal Powder Market value of around US$ 20 Bn by 2031, expanding at a CAGR of more than 3% over the next ten years

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.

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.

Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/23458

Company Profiles:

Sandvik AB
GKN PLC
Hitachi Chemical Co., Ltd.
ATI Powder Metals
Praxair Surface Technologies Inc
Höganäs AB
AMG Advanced Metallurgical Group
Rio Tinto Plc
voestalpine BÖHLER 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
Metal Powder Market

Request for Methodology@ https://www.persistencemarketresearch.com/methodology/23458

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.

COVID-19 Impact

Although the ongoing COVID-19 pandemic led to a slowdown in the demand for metal powder from the automotive industry, besides others, due to lockdowns and trade restrictions, demand is set to pick up with the resumption of economic activities in 2021. Market growth is expected to be around 3% in 2021 over 2020, and this trend will continue through 2031.

Market Landscape

Key manufacturers of metal powder, such as 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, are focused on strengthening their product portfolios and expanding their market footprint through the acquisition of smaller companies in the market.

For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/23458

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Metal Powder Market value of around US$ 20 Bn by 2031, expanding at a CAGR of more than 3% over the next ten years here

News-ID: 2672236 • Views: 121

More Releases from Persistence Market Research

Increasing Consumer Adoption to Fuel Demand for Sodium Propionate Market
Persistence Market Research (PMR) delivers key insights on the global sodium propionate market in its upcoming outlook, titled, 'Sodium Propionate Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026'. In terms of value, the global sodium propionate market is projected to register a healthy CAGR of 3.9% during the forecast period, due to various factors, regarding which, PMR offers vital insights in detail. On the basis of application type, the food and
The Dyslipidemia Therapeutics Market To Lay Greater Emphasis On Clinicians' Sati …
Dyslipidemia is one of the metabolic disorder, which is described by unbalanced level and thickness of lipoproteins and triglycerides. The disorder also includes protein deficiency and over production. These disorders can be caused by increase in the serum total cholesterol, triglyceride concentrations, and low-density lipoprotein (LDL) cholesterol, and a decrease in the high-density lipoprotein (HDL) cholesterol concentration. These condition are mainly associated with cardiovascular or coronary heart disease. The other cause
The PHO and Non-PHO Based Oils And Fats Market to witness ecstatic elevation in …
The market for non-PHO based oils and fats is concentrated in the countries of South East Asia such as Thailand, Malaysia, and Indonesia. Key players in the global non-PHO based oils and fats market are importing non-PHO oils and fats from these countries at very low price points and supplying these oils as private label products to other regional markets. Manufacturers are also investing in R&D to produce non-PHO oils
Global Perfusion Bioreactors Market Size, Share, Growth, Analysis Forecast to 20 …
The healthcare vertical is growing at a rapid pace all over. There are hordes of healthcare opportunities available. Digitization is making a constructive entry into the vertical. Plus, with an influx of AI technology, profound diagnostics of the diseases are being made possible. There is customized medical software to execute this. As such, the Perfusion Bioreactors Market is bound to climb the digitized pedestal in the years to come. For medical

All 5 Releases