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The global metal powder market exhibited moderate growth during 2015-2020. 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.
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. Looking forward, IMARC Group expects the global metal powder market to grow at a CAGR of around 5% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global metal powder market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, material, technology and application.
Breakup by Material:
Breakup by Technology:
Breakup by Application:
Breakup by Region:
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.
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