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Metal Powder Market to Reach USD 11.85 Billion by 2030, Growing at a CAGR of 6.9 Percentage

12-16-2024 07:05 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Metal Powder Market

Metal Powder Market

๐Œ๐ž๐ญ๐š๐ฅ ๐๐จ๐ฐ๐๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ size was valued at USD 7.42 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 6.9% from 2024 to 2030, reaching nearly USD 11.85 Bn.

๐Œ๐ž๐ญ๐š๐ฅ ๐๐จ๐ฐ๐๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The metal powder market has been witnessing significant growth driven by increasing applications across industries such as automotive, aerospace, construction, and electronics. Metal powders are key materials in advanced manufacturing technologies like additive manufacturing (3D printing), powder metallurgy, and thermal spraying. The market is further bolstered by the demand for lightweight, durable, and high-performance components, especially in high-growth sectors. Additionally, the shift towards sustainable production methods and recyclable materials is promoting innovation in metal powder manufacturing, positioning it as a cornerstone in modern industry trends.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/42246/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐Œ๐ž๐ญ๐š๐ฅ ๐๐จ๐ฐ๐๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The growth of the metal powder market is primarily driven by advancements in automotive manufacturing, where the demand for fuel-efficient and lightweight vehicles has surged. The proliferation of electric vehicles (EVs) has further spurred the need for high-quality metal powders used in battery components and electrical systems. Additionally, rapid industrialization and infrastructure development in emerging economies have increased the demand for metal powder-based construction materials. Innovations in powder metallurgy, coupled with government incentives promoting industrial modernization, have also played a vital role in driving market expansion.

๐Œ๐ž๐ญ๐š๐ฅ ๐๐จ๐ฐ๐๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

Emerging trends in the metal powder market include the increasing adoption of additive manufacturing (3D printing) for customized and complex designs across industries. Sustainability has become a central focus, with manufacturers prioritizing eco-friendly production methods and recycling of metal waste to produce powders. Another key trend is the development of advanced alloys and composites, catering to high-performance applications in aerospace and defense. Furthermore, the integration of artificial intelligence (AI) and machine learning in production processes is enhancing the precision and efficiency of metal powder manufacturing, setting new benchmarks for quality and innovation.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/42246/

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐Œ๐ž๐ญ๐š๐ฅ ๐๐จ๐ฐ๐๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ'๐ฌ ๐Œ๐ž๐ญ๐š๐ฅ ๐๐จ๐ฐ๐๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Vietnam's emerging manufacturing sector is fueling demand for metal powders, particularly in the electronics and automotive industries. Posco International recently announced plans to establish a production facility in Vietnam to cater to the growing demand for powdered metals in Southeast Asia. The country's strategic position as a manufacturing hub is further enhancing its market potential.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐'๐ฌ ๐Œ๐ž๐ญ๐š๐ฅ ๐๐จ๐ฐ๐๐ž๐ซ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

Thailand is witnessing significant growth in the metal powder market, driven by the thriving automotive sector and investment in 3D printing technologies. Hitachi Metals has partnered with local firms to enhance its market presence, focusing on high-quality ferrous and non-ferrous powders for the domestic automotive industry.

๐‰๐š๐ฉ๐š๐ง'๐ฌ ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐Œ๐ž๐ญ๐š๐ฅ ๐๐จ๐ฐ๐๐ž๐ซ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ

Japan continues to lead in metal powder innovations, leveraging its advanced technology and expertise. Companies like Sumitomo Electric Industries are investing in R&D to develop ultra-fine powders for cutting-edge applications, including electric vehicles and robotics. Recent developments indicate a focus on sustainable production processes.

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š'๐ฌ ๐Œ๐ž๐ญ๐š๐ฅ ๐๐จ๐ฐ๐๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ

South Korea's robust electronics and automotive industries are driving demand for high-performance metal powders. LG Chem has recently entered a strategic alliance to develop specialized powders for lithium-ion batteries, highlighting the country's focus on next-generation energy solutions.

๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž'๐ฌ ๐Œ๐ž๐ญ๐š๐ฅ ๐๐จ๐ฐ๐๐ž๐ซ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

Singapore is rapidly becoming a hub for additive manufacturing and metal powder R&D. Arcam AB, a subsidiary of GE Additive, has established a regional headquarters to support 3D printing advancements, further solidifying Singapore's role in high-precision manufacturing.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’ ๐Œ๐ž๐ญ๐š๐ฅ ๐๐จ๐ฐ๐๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ

The United States dominates the global metal powder market, with significant contributions from the aerospace and defense sectors. Companies like Carpenter Technology Corporation are driving innovation in powder metallurgy, focusing on lightweight, high-strength alloys. The recent acquisition of Puris LLC by Carpenter highlights the market's consolidation trends.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž๐š๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง๐ฌ

Europe remains a stronghold for metal powder technologies, driven by the automotive and aerospace sectors. Hรถganรคs AB recently expanded its production capabilities to meet the growing demand for sustainable powders, with a focus on reducing carbon emissions in the production process. Mergers and acquisitions are shaping the competitive landscape, fostering innovation.

๐Š๐ž๐ฒ ๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

โ€ข Sustainability Initiatives: Major players are prioritizing sustainable production methods to align with global climate goals.
โ€ข Technology Integration: The integration of AI and IoT in manufacturing processes is enhancing efficiency and product quality.
โ€ข Strategic Alliances: Partnerships among industry leaders are fostering technological advancements and market expansion.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ? ๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/42246/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐Œ๐ž๐ญ๐š๐ฅ ๐๐จ๐ฐ๐๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

by Material

Ferrous
Non-ferrous

by Technology

Press & Sinter
Metal Injection Molding
Additive Manufacturing
Others

by End-use

Industry Automotive
Aerospace & Defense
Healthcare
Others

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐Œ๐ž๐ญ๐š๐ฅ ๐๐จ๐ฐ๐๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1. Sandvik AB
2. ATI Powder Metals
3. AMG Advanced Metallurgical Group
4. Rio Tinto Plc
5. American Axle & Manufacturing, Inc.
6. Carpenter Powdered Products
7. Showa Denko Materials
8. GKN Plc
9. Praxair Surface Technologies Inc.,
10. Aubert & Duval
11. Hoganas AB
12. voestalpine Bร–HLER Edelstahl GmbH & Co KG
13. Royal Metal Powders
14. Australian Metal Powders Supplies Pty Ltd.
15. CNPC Powder Group Co., Ltd.

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/metal-powder-market/42246/

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆPick to Light Market https://www.maximizemarketresearch.com/market-report/pick-light-market/2697/

โ™ฆ Microbial Therapeutic Products Market https://www.maximizemarketresearch.com/market-report/microbial-therapeutic-products-market/147423/

โ™ฆGlobal Playout Automation and Channel in a Box Market https://www.maximizemarketresearch.com/market-report/global-playout-automation-and-channel-in-a-box-market/25184/

โ™ฆPhosphate Chemical Reagents Market https://www.maximizemarketresearch.com/market-report/global-phosphate-chemical-reagents-market/85283/

โ™ฆTote Bags Market https://www.maximizemarketresearch.com/market-report/global-tote-bags-market/107718/

โ™ฆEducational Toy Market https://www.maximizemarketresearch.com/market-report/educational-toy- market/147976/

โ™ฆGlobal Invoice Factoring Market https://www.maximizemarketresearch.com/market-report/invoice-factoring-market/168342/

MAXIMIZE MARKET RESEARCH PVT. LTD.

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Pune Banglore Highway, Narhe

Pune, Maharashtra 411041, India.

โœ† +91 9607365656

๐Ÿ–‚ sales@maximizemarketresearch.com

๐ŸŒ www.maximizemarketresearch.com

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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