Global Metal Powder Market Insights Forecasts to 2032.

• The Global Metal Powder Market Size was valued at USD 6.84 Billion in 2022.
• The Market is Growing at a CAGR of 5.2% from 2022 to 2032
• The Worldwide Metal Powder Market Size is expected to reach USD 11.37 Billion by 2032
• North America is expected to Grow the fastest during the forecast period.

 

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The Global Metal Powder Market size is anticipated to exceed USD 11.37 Billion by 2032, growing at a CAGR of 5.2% from 2022 to 2032. Several companies and consumers have recently shifted away from conventional strategies to optical dispersion and image processing particle characterizing devices, reaping the benefits of lower costs and higher data quality, fueling market growth.         

 

Market Overview

Metal powder is metal that has been fragmented down into powder form. Expanding product demand for automobiles is projected to fuel market growth as the economy expands and investment expenditure rises. Metal powders are used efficiently in a wide range of applications, including the welding process, chemical and metallurgical processes, iron fortification, and friction. Increased output in a variety of critical industries, including power sources, motor vehicles, electrical components, and machinery manufacturing, will continue to be the primary driving force behind the market's growth. The global metal powder market, which includes the production and distribution of finely powdered metal particles, is an important segment of the overall metal industry. Metal powders are finely divided materials with distinct properties that make them useful in a wide range of industrial applications. They are widely used as raw materials in the production of metal-based products, components, and parts in a variety of industries, including automotive, aerospace, electronics, healthcare, and construction.

 

Report Coverage

This research report categorizes the market for the global metal powder market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the metal powder market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the metal powder market.

 

Driving Factors

The primary factors driving up global demand for automotive vehicles are rising spending power and rapid expansion of the population. The automotive industry's use of powdered metals is attributed to metallurgy, which aids in the production of various components such as bearings, camshaft pulleys, crankshaft sprockets, and gears. Powder metallurgy is additionally employed in slicing, welding, and structural part manufacturing. Furthermore, processes such as laminate molding and metal injection molding are gaining popularity in the automotive industry due to their ability to produce complex designs. Laminated molding techniques are used to manufacture components by automobile manufacturers such as Mercedes-Benz, Porsche, and Volkswagen. These initiatives and technological advancements are likely to expand during the forecast period, contributing to market growth.

 

Additive manufacturing or 3D printing with powdered metal has grown in popularity in recent years due to its strong functional properties, faster production, and high reusability rate. Furthermore, a diverse range of compatible materials, as well as lower costs, are driving demand for these in 3D printing, which is projected to boost the global metal powder market.

 

Restraining Factors

The expensive nature of raw materials is a significant impediment in the metal powder market. Metal powder production necessitates the use of costly raw materials such as metals and alloys, which raises the production cost.

 

Market Segmentation

The Global Metal Powder Market share is classified into metal type, production method, and end-use industry.

 

• The ferrous segment is expected to hold the largest share of the global metal powder market over the forecast period.     

The global metal powder market is categorized by metal type into ferrous and non-ferrous. Among these, the ferrous segment is expected to hold the largest share of the global metal powder market over the forecast period. Ferrous metal has higher durability, tensile strength, lower cost, and greater flexibility, which will drive market growth. Iron and steel are examples of ferrous metals. They are used in a wide range of products, including dental restoration, oil-free bearings, automotive transmission gears, orthopedic implants, and aircraft brake pads.  

    

• The mechanical method segment accounted for the largest share of the global metal powder market in 2022.          

Based on the production method, the global metal powder market is divided into mechanical method and chemical method. Among these, the mechanical method segment accounted for the largest share of the global metal powder market in 2022. The mechanical approach segment captured a large portion of the market share due to its higher efficiency and versatility. Water and gas atomization, milling, mechanical alloying, electrolysis, and the spray method are all part of it. This method necessitates the use of specialized equipment for the production of powdered metal.         

  

• The automotive segment is expected to hold the largest share of the global metal powder market during the forecast period.    

Based on the end-use industry, the global metal powder market is divided into automotive, manufacturing, medical, electrical & electronics, and others. Among these, the automotive segment is expected to hold the largest share of the global metal powder market during the forecast period. Increase manufacturing of automobiles, increased use of technology in vehicles, and a shift toward lighter vehicles are key factors influencing market growth. Furthermore, manufacturers are shifting from standard to customized products, which is fueling market growth. The rise of laminated molding in the automotive industry is expected to drive market growth.    

 

Regional Segment Analysis of the Global Metal Powder Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific holds the largest share of the global metal powder market in 2022.

 

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Asia Pacific holds the largest share of the global metal powder market in 2022. Due to the existence of a number of medium and small-sized manufacturers, China has a significant share of global powdered metal production in Asia Pacific. Rising aircraft delivery and ordering capabilities in response to increased demand for new generation aircraft will increase regional demand. Asia Pacific is a crucial hub for manufacturers supplying powdered metal to aerospace OEMs in Europe and North America.     

 

North America is expected to grow at the fastest pace in the global metal powder market during the forecast period. North America is projected to expand rapidly during the forecast period due to rising end-use industry demand and increasing demand for lightweight electric vehicles. Furthermore, this region's high spending capacity is expected to boost market demand in this region over the forecast period.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global metal powder market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Rio Tinto Metal Powder 
• Sandvik AB 
• Carpenter Technology Corporation 
• Hoganas AB 
• GKN Powder Metallurgy 
• ATI 
• Praxair Surface Technologies 
• H.C. Starck 
• Kymera International 
• BASF SE 
• Allegheny Technologies Incorporated
• Changsha Hualiu Metal Powders Ltd
• GKN PLC
• Hitachi Chemicals Co. Ltd.
• Miba AG
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In April 2022, Kymera International, a specialty materials company based in Detroit, Michigan, has acquired AmeriTi Manufacturing Company. The acquisition expands the company's footprint in the aerospace, medical, defense, and industrial markets.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Metal Powder Market based on the below-mentioned segments: 

 

Global Metal Powder Market, By Metal Type

• Ferrous 
• Non-Ferrous

 

Global Metal Powder Market, By Production Method

• Mechanical Method 
• Chemical Method

 

Global Metal Powder Market, By End-use Industry

• Automotive
• Manufacturing
• Medical
• Electrical & Electronics
• Others

 

Global Metal Powder Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa