Metal Powder Market by Type (Ferrous, Non-ferrous, and Others), by Metal Form (Scrap/Recycled metals, and Ore/Pure metal), By Production Method (Physical, Chemical, and Mechanical) by Compaction Technique (Cold compaction, and Hot compaction), By Application (Automotive, Construction, Electrical & Electronics, Industrial, and Others) and by Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2016-26

Global Metal Powder Market Forecast and Trends

The global Metal Powder market is anticipated to grow nearly at a CAGR of about 7.1 % to reach USD 5.98 billion by 2026.

The use of metal powder is to deliver high performance in the automotive. The increasing frequency of metal powder purchases for various applications and end-use industries, enriching consumer spending, increasing demand for powdered metallurgical products, metal powder production is also growing globally industry and will also lead to growth in the metal powder market. In the forecast period, the metal powder industry will create opportunities for market participants to expand into a high market share. The metal powder market is made up of huge local and global vendors. Increasing focus on titanium-based powder worldwide with increasing demand from various end-use industries and technological advances will propel the market growth. And with the rapidly growing demand for sustainable products to reduce the metal industry environmental impact has increased the use of metal powder, driving growth in the metal powder market as a result.

Global Metal Powder Market Overview:

Metal Powder is the powder form of various metals such as iron, aluminum, copper, zinc, etc. which is used for multiple purposes in the industries. Metal powder has several advantages and benefits which is expected to increase the market growth of metal powder. Applications of metal powder such as in additive manufacturing, thermal surface finishing, architectural and painting, printing and screen printing, manufacturing of automotive parts, metal injection molding, as well as metal fillers are likely to drive the global growth of metal powder markets.

The growth is due to rising demand from component manufacturing due to benefits such as reduced production time, cost efficiency, high volume capacity, less waste, and recyclability. Compared to casting, extrusion, forging, and machining, metal powder provides maximum utilization of the raw material and requires less material and energy.

Growth drivers

Increasing demand from different industries

Metal powders are used in various industries such as automobile, health, construction, chemical, aerospace, etc. Applications of metal powder are quite large. Also, metal powder use results in a variety of products, including dental restorations, oil-less bearings, automobile transmission gears, armor-piercing bullets, electrical contacts, nuclear fuel components, orthopedic implants, business machine parts, high-temperature filters, aircraft brake pads, etc. For products such as paint pigments, rocket fuels, explosives, catalysts, printing inks, and many others, metal powders are also used.

Advancement in metal powder technology

Advancement in technology never stops.  It is always reinventing itself with new materials, methods, and products contributing to future developments. Metal powder producers, equipment manufacturers, and process firms are all investing in new technologies for business expansion. To extend materials life, improve surface finish, and enhanced lubrication method different metal powders are developed. These factors will lead to the market growth of metal powder.

Restraints

High Cost

Metal Powder is highly expensive as costly metals are used to form powder for different applications. As advanced techniques and machinery are used to produce metal powder, a broad range of manufacturing technologies such as pressing and sintering, hot isostatic pressing, powder forging, aided sintering by electric current, selective laser fusion, and metal injection molding are also used. Due to these factors metal powder price is high.

Global Metal Powder Market: By Type

Based on Type, the Metal Powder market is segmented into the Ferrous, Non-ferrous, and others. Ferrous type metal is expected to dominate in the forecast period because of increased use of steel and iron powder for filter parts, magnetic materials, and friction parts in the automobile industry. Metal powder is also used to prevent wear-resistant and to provide high strength to automotive parts.

Global Metal Powder Market: By Application

Based on application, the metal powder market is divided into Automotive, Construction, Electrical & Electronics, Industrial, and Others. The automotive sector is estimated to dominate the metal powder market due to its superior performance and large application in the automotive industry. The powder form of metal is considered more energy-efficient compared to conventional form, for casting, forging, and stamping. Metal powder is expected to boost automotive component as it is used in carbon brushes, brakes, clutches, engine bearings, and filters. Automotive is a huge industry and increasing vehicle demand is expected to propel the demand for metal powder.

Global Metal Powder Market: Regional insights

By geography, the Global Metal Powder Market segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to dominate the market in the forecast years due to the growing manufacturing industry and advancement in the automobile sector. Europe is expected to grow at the second-fastest rate during the forecast period due to the growing industrial sector. Asia-Pacific is also expected to grow due to rapid industrialization in countries like China, India and Japan.

Competitive Landscape:

The major market players in the Metal Powder are BASF SE, Sandvik AB, GKN Plc., Rio Tinto, Hgans AB, JFE Holdings, Inc., Vale S.A., Alcoa Corporation, Laiwu Iron & Steel Group Powder Metallurgy Co., Ltd, GGP Metalpowder AG, Sarda Industrial Enterprises, Metal Powder Company Limited (MEPCO), The Arasan Aluminium Industries (P) Ltd, MMP Industries Ltd. (MMPIL), Deva Metal Powders Pvt. Ltd and other prominent players are expanding their businesses globally.

Recent Development:

In December 2019, Sandvik group received major order for advanced tubes of worth USD 4034 million from an energy company.

In December 2019, Rio Pinto to invest USD 1.5 billion in its subsidiary company Kennecott Copper to continue production operations in USA.

The objective of the Study:

To analyze and forecast the global metal powder market size of the market, in terms of value.

To examine the careful market segmentation and forecast the market size, in terms value, based on the region by segmenting the Global Metal Powder market into five regions, namely, North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and their leading countries.

To outline, categorized and forecast the global Metal Powder market based on the type, metal form, production method, compaction techniques, and applications.

To examine competitive developments like technological advancement, services, and regulative framework within the global Metal Powder Market.

To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Scope of the Report

By Type

·         Ferrous

·         Non-ferrous

·         Others

By Metal Form

·         Scrap/Recycled metals

·         Ore/Pure metal

By Production Method

·         Physical

·         Chemical

·         Mechanical

By Compaction Technique

·         Cold compaction

·         Hot compaction

By Application

·         Automotive

·         Construction

·         Electrical & electronics

·         Industrial

·         Others

By Region

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

Business Questions answer by the report

How will the market drivers, restraints and opportunities affect the market dynamics?

What will be the market size in terms of value and volume and market statistics with a detailed classification?

Which segment dominates the market or region and one will be the fastest growing and why?

A comprehensive survey of the competitive landscape and the market participant players

Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority and that is why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

With five additional company detail analysis

Additional country analysis

Detailed segment analysis