Metal powder market is anticipated to grow at a CAGR of 5.1% during the forecast period. Metal powders are metal alloys that are processed into very fine powder through high-pressure atomization. Metal powders are used in many manufacturing techniques to produce metal parts. The use of metal powders eliminates waste in comparison with traditional machining and is versatile in creating a variety of metal and alloy components. The factors such as increasing automotive production and rising medical product demands such as medical implants globally drive the market for metal powder. Apart from these, the high demand for cutting-edge production technologies in the manufacturing sector to reduce time, cost, and labor is likely to boost the metal powder demand during the forecast period. Powder metal manufacturing has many different uses in the automotive industry. The usage in a car can range from structural applications to magnetic applications. With further increases in automotive vehicle production in emerging economies, the market for metal powder is expected to grow more. The integration of metal powder in next-generation alloy development can bring new growth opportunities to the market.
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In addition, the market growth is also driven by the presence of market players and their contribution to the market growth. Prominent metal powder manufacturers are accentuating market expansion through strategic acquisitions, mergers, and capacity expansions. For instance, in December 2020, Sandvik AB acquired Miranda Tools Business. Along with this acquisition, the company acquired manufacturing of solid carbide round tools and high-speed steel business segments of Miranda Tools Business. Further, in September 2022, Uniformity Labs announced the availability of its ultra-low porosity 17-4PH stainless steel powder for the Desktop Metal Shop Pro Binder Jetting platform. 17-4PH is an advanced metal powder that delivers superior material properties, sintered part geometric accuracy, process yield, and print uniformity at the highest throughput as per the company.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Metal Powder Market by Type
- Ferrous
- Non-Ferrous
Global Metal Powder Market by Process
- Atomization
- Solid State Reduction
- Electrolysis
- Other
Global Metal Powder Market by End-User Industry
- Automotive
- Aerospace & Defense
- Medical
- Building & Construction
- Other
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Allegheny Technologies Inc.
- American Chemet Corp.
- AMETEK, Inc.
- Burgess-Norton Manufacturing Co.
- Carpenter Technology Corp.
- Daido Steel Co., Ltd.
- Dowa Holdings Co., Ltd.
- Erasteel SAS
- W. Winter Inc. & Co.
- Federal-Mogul Corp.
- Fine Sinter Co., Ltd.
- C. Starck GmbH
- Hoeganaes Corp.
- Höganäs AB
- JFE Steel Corp.
- Kennametal, Inc.
- Kobe Steel, Ltd.
- Kymera International
- Norilsk Nickel
- PMG Holding GmbH
- Pometon SpA
- Showa Denko Materials Co., Ltd.
- Sumitomo Electric Industries, Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global metal powder market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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