Metal Powder Market Size, Share, Industry Analysis 2022

The global metal powder market size was valued at USD 7,152.6 million in 2021 and is poised to grow at a significant CAGR of 7.7% during the forecast period 2022-28. Metal powders refer to fine grain-like powders produced through various processes like atomization, chemical reduction, electrolysis, and solid-state reduction. These powders are made from a range of metals such as brass, copper, iron, bronze, and stainless steel, among others, to achieve desired material properties and characteristics for specific applications. Metal powders are highly energy-efficient, provide superior material utilization, and involve fewer manufacturing steps. They are capable of producing intricate geometries including radial projections, irregular curves, keyways, splines, bosses, counterbores, and axial projections. Powder metallurgy also employs metal powders to manufacture metal parts and components by heating compacted powdered metals below their melting point.

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Metal Powder Market Growth Factors:
The current trend towards utilizing metal powders for manufacturing components like anti-lock braking systems (ABS), turbochargers, variable valve timing systems, exhaust systems, chassis components, gears, and shock absorbers is a key factor driving the growth of the market.

Furthermore, the demand for metal powders to produce lightweight parts in the automotive industry is increasing, which is further supporting market growth. Iron powder is also gaining popularity for making brake pads and magnetic products due to its ability to reduce brake weight, minimize noise, and lower material usage. The growing demand for metal powders to enhance the bulk properties of complex components, such as porosity, compressibility, flowability, reactivity, and hardenability, is further driving market growth.

Additionally, the demand for structural components is increasing across various applications like home appliances, agriculture machinery, and motorcycles worldwide.

The global metal powder market segmentation:
1) By Material: Aluminum Powder, Copper Powder, Iron Powder, Molybdenum Powder, Nickel Powder, Stainless Steel Powder, Tungsten & Tungsten Carbide Powder, Other
2) By Process: Atomization, Solid State Reduction, Electrolysis, Others
3) By Application: Powder Metallurgy, Metal Injection Molding (MIM), Additive Manufacturing, Others
4) By End User: Automotive Industry, Aerospace & Defense Sector, Medical Sector, Building & Construction, Others

Metal Powder Market Regional Analysis:
The metal powder market is growing globally, with various regions contributing to its growth. Here is a brief regional analysis of the market:

North America: The metal powder market in North America is expected to grow significantly due to the increasing demand for lightweight parts in the automotive industry and the growing trend towards the use of metal powders in additive manufacturing. The United States is the largest market in the region, with major players such as GKN Hoeganaes and Carpenter Technology Corporation.

Europe: Europe is also a significant market for metal powders, with countries such as Germany, France, and the United Kingdom leading the way. The market is driven by the increasing demand for metal powders in the aerospace and defense industries and the growing trend towards lightweight construction. Major players in the region include Höganäs AB, Sandvik AB, and GKN Powder Metallurgy.

Asia Pacific: The metal powder market in Asia Pacific is expected to grow at a rapid pace due to the increasing demand for metal powders in the automotive, aerospace, and defense industries, as well as the growth of additive manufacturing. Japan, China, and India are the major markets in the region, with major players such as Hitachi Chemical, Kobe Steel, and Sandvik Asia Private Limited.

Latin America: The metal powder market in Latin America is also growing, driven by the increasing demand for metal powders in the automotive and aerospace industries. Brazil and Mexico are expected to be the key markets in the region. Major players in the region include GKN Sinter Metals, Höganäs AB, and Sandvik AB.

Middle East & Africa: The metal powder market in the Middle East and Africa is also growing, driven by the increasing demand for metal powders in the aerospace and defense industries. The market is still in its early stages, with major players such as Miba AG and Sandvik AB entering the market. UAE, Saudi Arabia, and South Africa are expected to be the key markets in the region.

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Key players profiles in the metal powder market report are Alcoa, Inc., Allegheny Technologies, Inc. (ATI), BASF SE, Carpenter Technology Corporation, GKN PLC, Hoganas AB, Miba AG, Rio Tinto PLC.

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