Metal Powder Market is expected to surpass revenues worth US$ 19.3 Billion by 2032-end

Metal Powder Market

The global metal powder market is estimated at US$ 9.5 Billion in 2022. Worldwide consumption of metal powder is projected to increase at 7.4% CAGR and reach US$ 19.3 Billion revenue by 2032-end. Rapid growing demand for complex, lightweight, durable, and low-cost components along with rapid adoption of cutting-edge manufacturing technologies is a leading driver in the global metal powders market.

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The increasing demand for metal powders in the aerospace, medical devices, and electronics industries is driving the growth of the metal powder market. Additionally, the increasing demand for metal powders in 3D printing and powder metallurgy is expected to further boost the growth of the metal powder market.

Owing to various technological advancements over the previous years, the use of metal powder has grown substantially across various end-use sectors such as automotive, aerospace, and medical. Metal powder is very efficient in the production of complex and precise geometrics, providing great ease and efficiency. Consistent growth in demand for such geometrics is expected to bolster the sales of metal powder over the coming years.

Key Players- 

• 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.

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Segment Analysis:

The metal powder market is segmented based on type, application, and region.

Based on type, the metal powder market is segmented into iron, nickel, copper, titanium, aluminum, and others. Iron is the most widely used type of metal powder in various applications such as 3D printing, powder metallurgy, and magnetic materials.

Based on application, the metal powder market is segmented into 3D printing, powder metallurgy, magnetic materials, and others. 3D printing is the largest application segment of the metal powder market due to its increasing use in the aerospace and medical device industries.

Regional Analysis: Geographically, the metal powder market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is the largest market for metal powders due to the presence of large scale manufacturers in countries such as China, Japan, and South Korea. North America and Europe are also significant markets for metal powders due to the presence of leading aerospace and medical device industries.

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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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