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Global Metal Powder Market Report 2025: Increasing Electric Vehicle Demand Accelerates Market Growth with a CAGR of 7.8%
Metal Powder Global Market Size Report 2025
What Is The Projected Market Size Of The Global Metal Powder Global Market Report 2025 And Its Growth Rate?
• The metal powder market size has seen substantial growth in recent years, with a valuation rising from $7.57 billion in 2024 to a projected $8.12 billion in 2025.
• This growth corresponds to a Compound Annual Growth Rate (CAGR) of 7.2%, propelled by a surge in demand from medical device manufacturing, consumer electronics, and the automotive sector.
• The market is projected to continue its robust growth, reaching $10.98 billion by 2029 at a CAGR of 7.8%.
• Key factors driving this growth include rapid prototyping applications, the expansion of wearable tech, medical microfluidics, automotive interior components, and biodegradable materials.
What Is Driving The Growth In The Metal Powder Global Market Report 2025?
Increasing demand for electric vehicles is expected to catalyze the growth of the metal powder market. Electric vehicles, comprising of motors powered by battery-stored electricity, make extensive use of metal powder in creating lighter components than traditionally forged alternatives, such as battery production, motor production, and 3D printing to create lightweight, high-strength parts. For instance, according to the International Energy Agency, over 2.3 million electric cars were sold in Q1 2023, a 25% increase from the same period in 2022. By the end of 2023, sales are forecasted to reach 14 million, marking a 35% YoY increase, therefore driving the growth of metal powder.
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Who Are the Key Players Driving Metal Powder Global Market Report 2025 Growth?
• Allegheny Technologies Incorporated
• BASF SE
• Carpenter Technology Corporation
• GKN plc
• Hoganas AB
• Polema Industries Limited
• Rio Tinto Limited
• Sandvik AB
• Showa Denko Materials Co. Ltd.
• AMETEK Inc.
• Royal Metal Powders Inc.
• American Axle & Manufacturing Inc.
• American Chemet Corporation
• Molyworks Materials Corporation
• Sagwell USA Inc.
• 3A Composites
• Xiamen Tungsten Co.Ltd.
• Shandong Luyin New Material Technology Co. Ltd.
• JFE Steel Corporation
• Hangzhou Yitong New Materials Co. Ltd.
• Alcoa Corporation
• Shandong Xinfa Aluminum Group
• Hunan Ningxiang Jiweixin Metal Powder Co. Ltd.
• Angang Group Aluminium Powder Co. Ltd.
• GGP Metalpowder AG
• Kymera International
• Mitsubishi Chemical Corporation
• Sumitomo Chemical Co. Ltd.
• Nippon Steel & Sumikin Foil Co. Ltd.
• H.C.Strack GmbH
What Are The Key Trends In The Metal Powder Global Market Report 2025?
• Advancements in materials
• Customization and prototyping
• Sustainability and material recycling
• Advancements in mold design technology
• Smart packaging solutions
What Are The Segments Of The Global Metal Powder Global Market Report 2025?
• 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
Which Region Leads The Metal Powder Global Market Report 2025?
Asia-Pacific dominated the metal powder market in 2024, and remains the largest region in terms of market share. The global market report also covers other key regions, including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Metal Powder Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Metal Powder Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Metal Powder Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Metal Powder Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Metal Powder Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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