2025-2034 Metal Powder Market Evolution: Disruptions, Innovations, and Untapped Opportunities

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What Is the Expected CAGR for the Metal Powder Market Through 2025?
The market size for metal powder has seen significant growth in the past few years. The size of the market is predicted to increase from $7.57 billion in 2024 to $8.12 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.2%. Factors such as medical device manufacturing, consumer electronics, demand in the automotive sector, economical production, and heightened needs for customization have contributed to the growth experienced in the historic period.

What's the Projected Size of the Global Metal Powder Market by 2029?
In the coming years, the size of the metal powder market is anticipated to experience significant growth, reaching "$10.98 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The surge expected within this period can be credited to the rapid prototyping applications, growth of wearable devices, medical microfluidics, components inside automobiles, and biodegradable materials. The period will also be marked by key trends like innovation in materials, customization and prototyping procedures, sustainability and recycling of materials, advancements in mold design and technology, and intelligent packaging solutions.

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Top Growth Drivers in the Metal Powder Industry: What's Accelerating the Market?
The expansion of the metal powder market is anticipated to be propelled by the escalating demand for electric vehicles. These vehicles are equipped with motors that run on electricity stored in batteries, which are recharged with electricity instead of using fossil fuels like gas or diesel. The function of metal powder in electric vehicles is to manufacture components that are lighter than conventional forged alternatives. These include the production of batteries, motors, and the creation of lightweight but robust parts through 3D printing. For example, the Internal Energy Agency in France 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 are projected to hit 14 million by the end of 2023, a Year-on-Year increase of 35%. The latter half of the year is expected to see a surge in growth. Hence, the rising demand for electric vehicles contributes to the growth of the metal powder market.

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What Trends Will Shape the Metal Powder Market Through 2029 and Beyond?
3D printing technology is advancing in the metal powder market. In April 2023, Germany-based Eplus3D Tech GmbH introduced the EP-M400, a quad-laser metal powder bed fusion 3D printer. The machine allows high-speed, precise printing of metal parts using a range of powders such as titanium, nickel, copper, and steel, improving manufacturing productivity.

What Are the Main 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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Which Top Companies are Driving Growth in the Metal Powder Market?
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

Which Regions Will Dominate the Metal Powder Market Through 2029?
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

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