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Metal Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A3721
Market Overview:
The global metal powder is expected to exhibit a growth rate (CAGR) of 5.12% during 2023-2028.
Metal powder refers to metal particles having a size of a few micrometers. It has a high surface area to mass ratio and is manufactured through various industrial processes, such as atomization and chemical, electrolysis and solid-state reduction. Iron, molybdenum, nickel, aluminum, gold, silver, platinum, lead and copper are some of the commonly used metals for manufacturing metal powders. They offer reduced manufacturing time, cost efficiency, high volume capability, minimal wastage and enhanced recyclability and are widely used in fabricating sintered parts, thermal spraying and filling plastics. As a result, it finds extensive applications across various industries, including automotive, healthcare, defense, aerospace, construction, electronics, manufacturing and metalworking.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Significant growth in the powder metallurgy industry across the globe is one of the key factors creating a positive outlook for the market. Furthermore, the widespread adoption of metal powder for additive manufacturing and metal injection molding is providing a thrust to the market growth. In line with this, the rising demand for lightweight automobile components is also contributing to the growth of the market. Automobile and electronic vehicle (EV) manufacturers are widely using powders of materials, such as high-strength steel, aluminum, magnesium alloys, polymer composites and carbon fiber, that significantly reduce the weight of the chassis and body of the vehicle. Additionally, the increasing product utilization in the medical and dental industries is acting as another major growth-inducing factor. Various powdered metals are used to produce osteoporosis pen rachet, intestinal stapler gear system and kidney dialysis spring seat, along with partial dentures, bridges and copings. Other factors, including rapid industrialization, along with the increasing acceptance of powder metallurgy as a green technology, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global metal powder market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on material, technology and application.
Breakup by Material:
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- Ferrous
- Non-Ferrous
Breakup by Technology:
- Pressing and Sintering
- Metal Injection Molding
- Additive Manufacturing
- Others
Breakup by Application:
- Automotive
- Aerospace and Defense
- Healthcare
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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, Polema, RusAL and Sandvik AB.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Material, Technology, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | 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, Polema, RusAL and Sandvik AB |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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