Global consumption of Metal Powder is projected to increase at 7.4% CAGR and reach US$ 19.3 Bn revenue by 2032-end

Metal Powder Market

According to the latest study conducted by Persistence Market Research on the metal powder market, worldwide sales of metal powder are expected to surge at 7.4% to increase from a market valuation of US$ 9.5 Bn in 2022 to US$ 19.3 Bn by the end of 2032.

The Metal Powder Market is a rapidly expanding industry, with new technologies and materials being developed that promise to revolutionize the sector. Metal powders have become increasingly important in the production of a wide range of components and products, such as bearings, cutting tools, electronic components, automotive parts, medical implants, aerospace components and other industrial goods. Metal powders are used in several manufacturing processes including 3D printing, powder metallurgy, investment casting, metal injection molding (MIM), and many others.

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Starting with the overview of Metal Powder Market, it presents an overall analysis of the latest trends that are prevalent in the industry. The report begins with the description of the market surroundings and the analysis of the size and forecast of product or service based on regions and applications. In addition to it, the report also introduces the market competitive landscape among the vendors and manufacturers that contribute to the growth of the product or service. The company profiling and market price analysis in relation to the value chain features is also covered in the report. The data experts have examined and scrutinized the industry trends in the key regions. 2022 has been considered as the base year, with the forecast period extending to 2030. 

Drivers and risks 

In relation to the fundamental stimulants that mold Metal Powder Market, an understanding has been provided about the pricing history, volume, value and market share of the product or service. A multitude of potential growth factors, risks, opportunities, constraints, and the threat by new entrants is also mentioned in the report. These dynamics help to get a stronghold of the overall market.

Key Companies -

• Sandvik AB
• ATI powder Metals
• AMG Advanced Metallurgy Group
• Rio Tinto Plc
• American Axle & Manufacturing Inc.
• Carpenter Powdered Products
• Showa Denko Materials
• GKN Plc
• Praxair Surface Technologies
• Aubert & Duval
• Höganäs AB
• voestalpine BÖHLER Edelstahl GmbH & Co KG
• Royal Metal Powder
• Australian Metal Powder Supplies Pty Ltd.
• CNPC Powder Group Co., Ltd. and more

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Key Segments Covered in Metal Powder Industry Research

by Material:
• Aluminium Powder
• Copper Powder
• Iron Powder
• Molybdenum Powder
• Nickel Powder
• Tungsten Powder
• Titanium Powder
• Others

by Process:
• Atomization
• Solid State Reduction
• Electrolysis
• Other

by Application:
• Powder Metallurgy
• MIM
• Additive Manufacturing
o Powder Bed Fusion
o Directed Energy Deposition
o Binder Jetting
o Others
• Others

by End Use:
• Automotive
• Aerospace & Defence
• Medical
• Building & Construction
• Other

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Key Takeaways from Market Study

• Global demand for metal powder is forecasted to reach a value of US$ 19,329.3 Mn by the end of 2032.
• North America is anticipated to remain one of the key regions in the global market accounting for 31% market share in 2022.
• By material, the aluminum segment is anticipated to exhibit a CAGR of 9.2% over the decade.
• By end use, the automotive sector is expected to be the largest consumer of metal powder owing to its wide application in component manufacturing.
• Key manufacturers are emphasizing strategic acquisitions, mergers, and capacity expansions to cater to the growing demand for metal powder.

"Nimble adoption of cutting-edge manufacturing technologies is expected to bolster the sales of metal powder over the coming years" says a Persistence Market Research analyst.

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About PMR - Chemicals and Materials

The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.

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This release was published on openPR.