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Metal Powder Market Trends, Overview With Detailed Analysis 2023-2032 | BASF SE, GKN PLC, Hoganas AB, POLEMA, RIO Tinto
Metal Powder Market Research
As per the metal powder market report by The Business Research Company, Increasing electric vehicle demand is expected to propel the growth of the metal powder market going forward. Electric vehicles are vehicles that consist of a motor that is powered by electricity stored in batteries. It operates on electric motors and charges its batteries with electricity rather than utilizing fossil fuels like gasoline or diesel. Metal powder in the electric vehicle is used to create lighter components over traditionally forged alternatives such as battery production, motor production, and 3D printing to create lightweight, high-strength parts.
The global metal powder market size is expected to grow from $6.55 billion in 2022 to $7.11 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global metal powder market size is expected to reach $9.38 billion in 2027 at a CAGR of 7.1%.
Read More On The Metal Powder Market Report Here:
https://www.thebusinessresearchcompany.com/report/metal-powder-global-market-report
Major competitors in the Metal Powder market include Allegheny Technologies Incorporated, BASF SE, Carpenter Technology Corporation, GKN PLC, Hoganas AB, POLEMA, RIO Tinto, Sandvik AB, Showa Denko Materials Co. Ltd., AMETEK.Inc., Royal Metal Powders, American Axle & Manufacturing Inc., American Chemet Corporation, Molyworks Materials Corporation, and Sagwell.
The Metal Powder market is segmented -
By Type: Ferrous, Non-Ferrous, Other Types
By Process: Atomization, Reduction Of Compounds, Electrolysis, Other Processes
By Application: Additive Manufacturing, Powder Metallurgy, Metal Injection Molding, Other Applications
By End-Use Industry: Transportation, Electrical And Electronics, Medical, Chemical And Metallurgical, Defense, Construction, Other End-User Industries
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Metal Powder market.
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Metal powders are finely divided or powdered metals that are used in the manufacture of sintered parts, thermal spraying, plastic filling, and other specialized applications. It is utilized in powder metallurgy, which fabricates metal parts and components by heating compressed powdered metals to just below melting temperatures.
The Table Of Content For The Metal Powder Market Include:
1. Executive Summary
2. Metal Powder Market Characteristics
3. Metal Powder Market Trends And Strategies
4. Metal Powder Market - Macro Economic Scenario
5. Metal Powder Market Size And Growth
……
26. Africa Metal Powder Market
27. Metal Powder Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Metal Powder Market
29. Metal Powder Market Future Outlook and Potential Analysis
30. Appendix
The "Global Metal Powder Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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