March 2020
BWC19422

185
metal powder market bwc19422
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
Attribute |
Details |
Years Considered |
Historical data – 2016-2019 |
Base Year – 2019 |
|
Forecast – 2020 – 2026 |
|
Facts Covered |
Revenue in USD Million/Billion |
Market Coverage |
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico,
Argentina, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia |
Product/Service Segmentation |
By Type, By Metal Form, By Production method, By Compaction
Technique,By Application and Region |
Key Players |
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. |
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
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