Metal Powder Market size was valued at USD 7.42 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 6.9% from 2024 to 2030, reaching nearly USD 11.85 Bn.Metal Powder Market Overview:
A metal that has been reduced to powder form is known as metal powder. Aluminum powder, nickel powder, iron powder, and many more metals are available as powders. This report focuses on the different segments of the Metal Powder market (Material, Technology, End-use Industry, and Region). In-depth analysis of the leading industry participants and regions is provided in this report (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It offers a thorough examination of the numerous sectors' explosive modern-era growth. Through numbers, visuals, and presentations, the core data analysis from 2018 to 2023 is highlighted. The market drivers, restraints, opportunities, and challenges for Metal Powder are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Metal Powder market.To know about the Research Methodology:-Request Free Sample ReportMetal Powder Market Dynamics:
Sustainability Trend Supporting Additive Manufacturing Market participants are embracing green manufacturing to lower overall operating costs by utilizing energy-efficient processes that can significantly lower energy and electricity bills. Aerospace, automotive, viscosifiers, medical, building & construction, etc. are just a few industries that share a concern for green manufacturing. Additionally, regional governments have implemented limitations on carbon dioxide emissions, which ultimately improves the overall efficiency of a facility that uses metal powder to create customized items in response to particular demand. Therefore, owners of medium- to large-scale industries are concentrating on employing green energy in their metal powder operations. Demand in the Metal Fabrication Industry is Growing Rapidly Metal fabrication industries are being forced to increase their production capacities in order to take advantage of the enormous opportunity that has been created in the market by the growing demand for various metal-fabricated components across a wide range of end-use industries such as automotive, aerospace, construction, and various others. But the lengthy lead times of conventional production methods have long been a hindrance to the growth of the metal fabrication sector. The metal fabrication sector is depending on cutting-edge production techniques including powder metallurgy, additive manufacturing, and a few others to seize the market opportunity. The Metal Powder market is expected to grow significantly during the forecast period due to such production methods and the raw materials used in these production processes, including metal powder. Metal powder sales are benefited by the need for lightweight components. Manufacturers must make a large investment in R&D to create their products and thrive in a competitive world, where the competitive environment is constantly getting more intense. Previously unnoticed small details are now being paid attention to by manufacturers. Growth in the market now heavily depends on innovation and development. The need for lightweight components with excellent accuracy is therefore constantly growing in all end-use sectors. To give their customers fuel-efficient options, the automotive and aerospace industries are leading the way in increasing demand for lightweight components. The great accuracy demanded by end-use industries, however, is not achievable with standard production techniques for such lightweight components. Modern manufacturing techniques like 3D printing, additive manufacturing, and laser cladding have been developed in such a way that they can easily produce these kinds of components, even at relatively low production costs. Asia Pacific has Access to Low-Cost, Subpar Metal Powder Manufacturing The Asian market is distinguished by the existence of a sizable number of competitors who offer items that are adapted to suit customer demand and have highly established sales and distribution networks throughout MEA, APEJ, and Latin America. The SME sector, which typically looks for low-investment solutions, is the main driver in these regions. Chinese competitors frequently succeed in providing items at relatively low prices because of intense competition, the affordability of resources, and advantageous trade policies. As a result, it is challenging for numerous American and European businesses to retain their respective profit margins in these markets while producing high-quality metallic powder with strict safety and operational requirements. China produces metal powder at a lower cost than nations like the United States, Germany, and Japan. As a result, the majority of clients opt to import parts from China. The dominance of Chinese producers forces international players to operate on thin profit margins, which hinders their overall performance. As a result, metal powder sales are expected to decline globally during the forecast period.Metal Powder Market Segment Analysis:
The Metal Powder Market is segmented by Material, Technology, and End-use Industry. Based on the Material, the market is segmented into ferrous and Non-ferrous. Ferrous material segment is expected to hold the largest market share of xx% by 2030. The ferrous segment consists of metal powders made of iron, all forms of steel, and their alloys, as well as nickel, molybdenum, and chromium, which are used as alloying agents. When using additive manufacturing, steel is one of the least expensive metal types. It may also be combined with other metals, such as bronze, for special purposes. Non-ferrous material segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. Metal powders composed of aluminium, copper, zinc, titanium, tungsten, magnesium, and other materials are included in the non-ferrous segment. The need for aluminium is expected to rise due to its qualities, including strong strength and lightweight. Manufacturing machinery, including functional parts and cycles, uses aluminium. Direct metal laser sintering is used in 3D printing to produce equipment made of aluminium. It is expected that the growing interest in titanium implants in the healthcare sector would help the segment flourish. To correct deformations in the human skull, bones, and vertebrae, organizations like Novax DMA and CEIT Biomedical Engineering have entered the production of titanium-based medical implants. Based on the Technology, the market is segmented into Press & Sinter, Metal Injection Molding, Additive Manufacturing, and Others. Press & Sinter Technology segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. The traditional powder metallurgy procedure is press and sinter. It creates components that are nearly net-shape and is economical. To create a green compact, thermal treatment or compaction at a temperature below the melting point of metal is required. This aids in strengthening components by metallurgical glueing the particles together. Additionally, green compact undergoes controlled-environment sintering, where metallurgical bonding creates the finished components. To achieve tight tolerances and a superior surface quality, secondary procedures including plating, repressing, and grinding are carried out. Metal Injection Molding Technology segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. Over the past 20 years, metal injection moulding (MIM) has been increasingly significant in the components manufacturing sector. This procedure utilises the shaping and sintering of metal particles, much as press and sintering. With this technique, a large number of intricately shaped pieces can be produced with excellent manufacturing accuracy. Injection moulding, binder removal, sintering, and mixing or preparation of feedstock are some of the phases in the MIM process. Based on the End-use Industry, the market is segmented into Automotive, Aerospace & Defense, Healthcare, and Others. Automotive End-use Industry segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. One of the largest users of metal powder is the automobile industry, which produces a variety of parts through the use of procedures like hot isostatic pressing (HIP), additive manufacturing (AM), press and sinter, and metal injection moulding (MIM). When it comes to the production of auto parts, the press and sinter method is dominant in the automotive application segment. In contrast to the press and sinter, other processes including AM, HIP, and MIM are witnessing faster penetration. The COVID-19 pandemic has had a significant negative impact on the automotive sector by disrupting high volume manufacturing in Europe, exports of car parts from China, and the closure of assembly lines in India and the United States. The cessation of manufacturing operations and the constrained supply of automotive parts had an impact on demand for manufacturers. A decline in car sales and a reduction in working capital have been seen in terms of supply. For instance, according to the Society of Indian Automobile Manufacturers (SIAM), sales of passenger cars dropped in India from April to June 2020 by 78.7 percent compared with the same period in 2019. Healthcare End-use Industry segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. The healthcare end-use industry segment is expected to be driven by growing consumer health awareness and increased customer willingness to pay more for finished products. Additionally, the healthcare end-use industry segment is driven by powder metal technologies, which are utilised to make connecting plates, foot adaptor plates, blacking plates, operation blades, forceps, graspers, and blacking hook.Regional Insights:
The Asia Pacific region is expected to dominate the Metal Powder Market during the forecast period 2024-2030. The Asia Pacific region is expected to hold the largest market share of xx% by 2030. China has the second-largest economy in the world. The country is also expected to use metal powder at a second-place global level. The unusual density of end-use industries in the country significantly contributes to the increase in metal powder sales. China is considered as a global manufacturing powerhouse and is among the top producers of a few key end-use markets for powdered metal, including electronics, automotive, infrastructure, and manufacturing. The North American region segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. The need for various sintered parts in transmissions and engines in the region has mostly dropped as electric and hybrid vehicles have become more and more common. However, it is expected that market sellers would have attractive chances during the forecast period due to powder forging technology. According to the Metal Powder Industries Federation, the powder forging method is used to create roughly 30% of the connecting rods used in vehicle production globally. The objective of the report is to present a comprehensive analysis of the Global Metal Powder Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Metal Powder Market dynamic and structure by analyzing the market segments and projecting the Global Metal Powder Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Metal Powder Market make the report investor’s guide.Metal Powder Market Scope: Inquire before buying
Metal Powder Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 7.42 Bn. Forecast Period 2024 to 2030 CAGR: 6.9% Market Size in 2030: USD 11.85 Bn. Segments Covered: by Material Ferrous Non-ferrous by Technology Press & Sinter Metal Injection Molding Additive Manufacturing Others by End-use Industry Automotive Aerospace & Defense Healthcare Others Metal Powder Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)Key Players
1. Sandvik AB 2. ATI Powder Metals 3. AMG Advanced Metallurgical Group 4. Rio Tinto Plc 5. American Axle & Manufacturing, Inc. 6. Carpenter Powdered Products 7. Showa Denko Materials 8. GKN Plc 9. Praxair Surface Technologies Inc., 10. Aubert & Duval 11. Hoganas AB 12. voestalpine BÖHLER Edelstahl GmbH & Co KG 13. Royal Metal Powders 14. Australian Metal Powders Supplies Pty Ltd. 15. CNPC Powder Group Co., Ltd. Frequently Asked Questions: 1] Which region is expected to hold the highest share in the Metal Powder Market? Ans. The Asia Pacific region is expected to hold the highest share in the Metal Powder Market. 2] Who are the top key players in the Metal Powder Market? Ans. Sandvik AB, ATI Powder Metals, AMG Advanced Metallurgical Group, Rio Tinto Plc, American Axle & Manufacturing, Inc., and Carpenter Powdered Products are the top key players in the Metal Powder Market. 3] Which segment is expected to hold the largest market share in the Metal Powder Market by 2030? Ans. Ferrous material segment is expected to hold the largest market share in the Metal Powder Market by 2030. 4] What is the market size of the Metal Powder Market by 2030? Ans. The market size of the Metal Powder Market is expected to reach USD 11.85 Bn. by 2030. 5] What was the market size of the Metal Powder Market in 2023? Ans. The market size of the Metal Powder Market was worth USD 7.42 Bn. in 2023.
1. Global Metal Powder Market: Research Methodology 2. Global Metal Powder Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to the Global Metal Powder Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Metal Powder Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Metal Powder Market Segmentation 4.1 Global Metal Powder Market, by Material (2023-2030) • Ferrous • Non-ferrous 4.2 Global Metal Powder Market, by Technology (2023-2030) • Press & Sinter • Metal Injection Molding • Additive Manufacturing • Others 4.3 Global Metal Powder Market, by End-use Industry (2023-2030) • Automotive • Aerospace & Defense • Healthcare • Others 5. North America Metal Powder Market (2023-2030) 5.1 North America Metal Powder Market, by Material (2023-2030) • Ferrous • Non-ferrous 5.2 North America Metal Powder Market, by Technology (2023-2030) • Press & Sinter • Metal Injection Molding • Additive Manufacturing • Others 5.3 North America Metal Powder Market, by End-use Industry (2023-2030) • Automotive • Aerospace & Defense • Healthcare • Others 5.4 North America Metal Powder Market, by Country (2023-2030) • United States • Canada • Mexico 6. Europe Metal Powder Market (2023-2030) 6.1. Europe Metal Powder Market, by Material (2023-2030) 6.2. Europe Metal Powder Market, by Technology (2023-2030) 6.3. Europe Metal Powder Market, by End-use Industry (2023-2030) 6.4. Europe Metal Powder Market, by Country (2023-2030) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Metal Powder Market (2023-2030) 7.1. Asia Pacific Metal Powder Market, by Material (2023-2030) 7.2. Asia Pacific Metal Powder Market, by Technology (2023-2030) 7.3. Asia Pacific Metal Powder Market, by End-use Industry (2023-2030) 7.4. Asia Pacific Metal Powder Market, by Country (2023-2030) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. South America Metal Powder Market (2023-2030) 8.1. South America Metal Powder Market, by Material (2023-2030) 8.2. South America Metal Powder Market, by Technology (2023-2030) 8.3. South America Metal Powder Market, by End-use Industry (2023-2030) 8.4. South America Metal Powder Market, by Country (2023-2030) • Brazil • Argentina • Rest Of South America 9. Middle East and Africa Metal Powder Market (2023-2030) 9.1 Middle East and Africa Metal Powder Market, by Material (2023-2030) 9.2. Middle East and Africa Metal Powder Market, by Technology (2023-2030) 9.3. Middle East and Africa Metal Powder Market, by End-use Industry (2023-2030) 9.4. Middle East and Africa Metal Powder Market, by Country (2023-2030) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 10. Company Profile: Key players 10.1 Sandvik AB 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 ATI Powder Metals 10.3 AMG Advanced Metallurgical Group 10.4 Rio Tinto Plc 10.5 American Axle & Manufacturing, Inc. 10.6 Carpenter Powdered Products 10.7 Showa Denko Materials 10.8 GKN Plc 10.9 Praxair Surface Technologies Inc., 10.10 Aubert & Duval 10.11 Hoganas AB 10.12 voestalpine BÖHLER Edelstahl GmbH & Co KG 10.13 Royal Metal Powders 10.14 Australian Metal Powders Supplies Pty Ltd. 10.15 CNPC Powder Group Co., Ltd.