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2023 Metal Powder Market Report : Market Size, Growth Drivers, And Key Trends | Allegheny Technologies Incorporated, BASF SE, Carpenter Technology Corporation, GKN PLC, Hoganas AB, POLEMA
Metal Powder Global Market Report
The Business Research Company's Metal Powder Global Market Report 2023 identifies the 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%.
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Major players in the metal powder market are 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.
A key trend in the Metal Powder market includes the Advancements in 3D printing technologies are a key trend gaining popularity in the metal powder market. Major market players are concentrating their efforts on creating innovative 3D printing technologies to create lightweight, high-strength parts based on metal powders that can improve the performance and efficiency of vehicles.
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The Metal Powder market is segmented -
1) By Type: Ferrous, Non-Ferrous, Other Types
2) By Process: Atomization, Reduction Of Compounds, Electrolysis, Other Processes
3) By Application: Additive Manufacturing, Powder Metallurgy, Metal Injection Molding, Other Applications
4) 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.
The Business Research Company's "Global Metal Powder Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
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
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