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Surge In Electric Vehicle Demand Boosts Growth Of Metal Powder Market: A Significant Driver Propelling The Metal Powder Market In 2025
Metal Powder Market Size
What Is the Metal Powder Market Size and Projected Growth Rate?
The Metal Powder Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Metal Powder Market Size and Projected Growth Rate?
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What Are the Major Segments in the Metal Powder Market?
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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What Are The Driving Metal Powder Market Evolution?
The rising interest in electric vehicles is anticipated to boost the expansion of the metal powder market. Electric vehicles, which are equipped with motors powered by electricity stored in batteries, depend on their electric motors and charge their batteries using electricity instead of fossil fuels like petrol or diesel. In electric vehicle production, metal powder is employed to manufacture lighter components in place of conventional forged options. This includes the manufacture of batteries, motors and 3D printing of lightweight, sturdy parts. For example, in July 2023, the France-based Internal Energy Agency, an independent intergovernmental organization, reported that over 2.3 million electric cars were sold in the first quarter of 2023, marking a 25% increase compared to the same period in 2022. Sales for the year are projected to hit 14 million by the end of 2023, demonstrating a 35% increase year-on-year, with the momentum picking up in the latter half of the year. Thus, the growing demand for electric vehicles is driving the surge in the metal powder market.
Which Firms Dominate The Metal Powder Market Segments?
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
What Trends Are Expected to Dominate the Metal Powder Market in the Next 5 Years?
One significant trend gaining traction in the metal powder market is the progression in 3D printing technologies. Key players in the market are intensifying their focus on pioneering 3D printing technologies that allow for the fabrication of light, high-strength components utilizing metal powders to enhance vehicle performance and efficiency. For example, Eplus3D Tech GmbH, a company from Germany dedicated to the development and production of state-of-the-art 3D printing technologies for industrial use, launched the EP-M400 in April 2023. This new quad-laser metal powder bed fusion 3D printer aimed at raising productivity and efficiency within the additive manufacturing sector by facilitating accurate and rapid printing of metal components using metal powders. The EP-M400 3D printer supports an open-system framework that can make use of different metal powders, including tool steels, nickel-based alloys, die steels, aluminum alloys, titanium alloys, and copper alloys.
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Which Is The Largest Region 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Metal Powder Market?
2. What is the CAGR expected in the Metal Powder Market?
3. What Are the Key Innovations Transforming the Metal Powder Industry?
4. Which Region Is Leading the Metal Powder Market?
Why This Report Matters:
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