The latest report by IMARC Group, titled ”Metal Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, offers a comprehensive analysis of the industry, which comprises insights on the metal powder market revenue. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global metal powder is expected to exhibit a growth rate (CAGR) of 5.12% during 2023-2028. Metal powder is a finely powdered form of metal, typically produced through various processes such as atomization, electrolysis, or chemical reduction. They are produced from brass, copper, iron, bronze, and stainless steel to achieve desired material properties for a particular application. Metal powders exhibit unique properties and offer advantages such as enhanced strength, improved wear resistance, and high thermal conductivity. These powders are used as raw materials in the production of components, coatings, and intricate parts, providing manufacturers with greater design flexibility and cost efficiency. As a result, metal powder is widely adopted in several industries, including automotive, aerospace, electronics, construction, and additive manufacturing, across the globe.
The market is primarily driven by the significant expansion in the automotive industry. Additionally, the rising use of iron powder to make brake pads and magnetic products to reduce brake weight, lower noise, and minimize material use are contributing to the market growth. In line with this, the rising demand for metal powder in the aerospace industry to manufacture lightweight and high-performance components to improve fuel efficiency and reduce emissions are influencing the market growth. Moreover, several technological advancements and the widespread adoption of metal powders in electronics and electrical industries to produce conductive inks, coatings, and high-performance electronic components represent another major growth-inducing factor. Besides this, the extensive demand for metal powders in the healthcare sector to produce connecting and blacking plates, forceps, graspers, surgery blades, and blacking hooks is accelerating the product adoption rate. Furthermore, the escalating demand for additive manufacturing to create complex and lightweight structures is propelling market growth.
Competitive Landscape with Key Players:
- Advanced Technology & Materials Co. Ltd.
- Allegheny Technologies Incorporated
- Carpenter Technology Corporation
- GKN Sinter Metals Engineering GmbH (Melrose Industries)
- Höganäs AB
- LIBERTY Steel Group
- Molyworks Materials Corporation
- Sandvik AB
Also Read Full Blog, Top Metal Powder Companies in world
Key Market Segmentation:
Our report has categorized the market based on material, technology and application.
- Pressing and Sintering
- Metal Injection Molding
- Additive Manufacturing
- Aerospace and Defense
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
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