Metal Powder Market to Grow at 5.12% During 2023-2028

The latest report by IMARC Group, titled "Metal Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, the global metal powder is expected to exhibit a growth rate (CAGR) of 5.12% during 2023-2028. Metal powder refers to the substance that is generally obtained from the base material, which is broken down into powder form. It is manufactured by different processes, such as atomization, machining and grinding, reduction, and electrolytic precipitation. It has a high surface area to mass ratio and is produced using numerous metals, including aluminum, iron, molybdenum, gold, nickel, platinum, and lead. It offers versatility while decreasing the waste in the manufacturing of parts and coatings of different metals. It is used for the production of numerous metallic components through the conventional powder metallurgy route. It is widely utilized in healthcare, defense, construction, aerospace, and the automotive industry as it helps in the manufacturing of various components such as crankshaft sprockets, camshack pulleys, gears, and bearings.

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Industry Growth:

One of the key factors driving the global market is the significant growth in the powder metallurgy industry. Moreover, the increasing usage of metal powders in end-use industries such as construction, automotive, aerospace, and marine to produce lightweight elements is fuelling the market growth. Furthermore, the rising trends of metal powder in three-dimensional (3D) printing and additive manufacturing in order to reduce costs and improve durability are propelling the demand on the global level. Additionally, the increasing product utilization in the designing of medical and dental elements are acting as another significant growth-inducing factor. Besides this, continual technological developments in the metal powder industry are further creating a positive market outlook. Other factors, such as rising automotive production and the growing demand for electrical and electronics products, are positively influencing the market.

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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

Also, Read Top Metal Powder Manufacturers Worldwide: https://www.imarcgroup.com/metal-powder-manufacturing-companies

Breakup by Material:

• Ferrous
• Non-Ferrous

Breakup by Technology:

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

Breakup by Application:

• Automotive
• Aerospace and Defense
• Healthcare
• Others

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
• Market Outlook
• 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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