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Comprehensive Metal Powder Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Metal Powder Market Size
The surge in electric vehicle requirements is predicted to stimulate the metal powder market's expansion moving forward. Electric cars, which utilize a motor powered by stored electricity in batteries, run on electric motors, and recharge their batteries with electricity instead of using fossil fuels like petrol or diesel, require metal powder for the construction of lighter elements as compared to traditional forged counterparts, such as battery manufacturing, engine creation, and 3D printing for the production of lightweight, high-strength components. For example, in July 2023, the France-based autonomous intergovernmental organization, the Internal Energy Agency, reported that over 2.3 million electric cars were sold in the initial quarter of 2023, marking a 25% rise from the same period the previous year. By the close of 2023, sales are projected to hit 14 million, denoting a year-on-year increase of 35%, with the growth pace quickening in the year's latter half. Consequently, the escalating demand for electric vehicles is fueling the expansion of the metal powder industry.
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How will the growth rate of the metal powder market shape industry trends by 2034?
In recent times, there has been robust growth in the metal powder market size and it is expected to surge from $7.57 billion in 2024 to $8.12 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.2%. The historical growth of this market is primarily due to the rising demand from medical device manufacturing, consumer electronics and the automotive sector, along with factors such as cost-effective production and increasing customization requirements.
The market size of metal powder is projected to experience robust expansion in the upcoming years. The projected growth will reach "$10.98 billion by 2029, boasting a compound annual growth rate (CAGR) of 7.8%. This expansion during the forecast period can be associated with factors such as the growth of rapid prototyping applications, the proliferation of wearable devices, developments in medical microfluidics, enhancements in automotive interior components, and the rise of biodegradable materials. Key trends predicted during the forecast period encompass advancements in materials, customization, prototyping, sustainability, material recycling, improvements in mold design technology, and innovative packaging solutions.
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What trends are poised to drive the future success of the metal powder market?
The growth and development of 3D printing technology has emerged as a significant trend in the metal powder industry. Various market leaders are focusing on the invention of groundbreaking 3D printing technologies to create lightweight, high-strength components utilizing metal powders, which could enhance the efficiency and performance of automobiles. For example, Eplus3D Tech GmbH, a firm based in Germany, that specializes in fabricating and creating cutting-edge 3D printing technologies and systems in April 2023, introduced a new quad-laser metal powder bed fusion 3D printer, the EP-M400. The 3D printer is designed to boost productivity and efficiency in the additive manufacturing sphere by facilitating high-speed and precision printing of metal parts, using metal powders as the key ingredient. The EP-M400 printer provides an open-system layout that can use various metal powders including nickel-based alloys, tool steels, die steels, aluminum alloys, titanium alloys, and copper alloys.
Which primary segments of the metal powder market are driving growth and industry transformations?
The metal powder market covered in this report 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
Subsegments:
1) By Ferrous: Iron Powder, Steel Powder, Alloy Steel Powder, Stainless Steel Powder
2) By Non-Ferrous: Aluminum Powder, Copper Powder, Titanium Powder, Nickel Powder, Cobalt Powder
3) By Other Types: Precious Metal Powders, Specialty Metal Powders
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Which geographical regions are pioneering growth in the metal powder market?
Asia-Pacific was the largest region in the metal powders market in 2024. The regions covered in the metal powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the metal powder market landscape?
Major companies operating in the metal powder market include 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
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What Is Covered In The Metal Powder Global Market Report?
• Market Size Forecast: Examine the metal powder market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the metal powder market for a structured understanding.
• Key Players Overview: Analyze major players in the metal powder market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the metal powder market.
• Segment Contributions: Evaluate how different segments drive overall growth in the metal powder market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the metal powder market.
• Industry Challenges: Identify potential risks and obstacles affecting the metal powder market.
• Competitive Landscape: Review strategic developments in the metal powder market, including expansions, agreements, and new product launches.
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