The latest report published by IMARC Group, titled “Metal Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022- 2027″, offers a comprehensive analysis of the industry, which comprises insights on the metal powder market overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global metal powder market is expected to exhibit a CAGR of 5.2% during 2022-2027. Metal powder is generally extracted from various metals substances, such as iron, aluminum, nickel, gold, platinum, silver, and copper. It is produced via the process of electrolysis, solid-state reduction, chemical treatment, and atomization. It is a cost-effective manufacturing process that offers enhanced recyclability, minimal wastages, reduced production time and high-volume capacity. As a result, it is widely used for fabrication techniques in additive manufacturing, powder metallurgy, soft magnetic applications, and metal injection molding. Additionally, it is extensively utilized in fireworks, solar cells, brake pads, ceramics, metallic paints, welding rods and magnetic products.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Market Trends:
The global market is primarily driven by significant growth in the powder metallurgy industry. Along with this, the increasing demand for lightweight automobiles among the masses has significantly propelled the market growth across the globe. Furthermore, the widespread adoption of metal powder for varied industrial applications, including the manufacturing of self-lubricating bearings and high-powered magnets, is positively influencing the market growth. Moreover, the rising utilization of metal powder in the development of micro and miniature components of medical equipment and surgical tools is further creating a positive outlook for the market across the globe.
Additionally, various technological advancements in the production of metal powders and continual improvements across the construction, chemical, and refractory industries are also providing a boost to the market growth. Other factors, including rapid industrialization and extensive research and development (R&D) activities conducted by key players, are also projected to drive the market growth.
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Key Market Segmentation:
Competitive Landscape with Key Players:
- 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
- Sandvik AB.
Market Breakup by Material:
- Ferrous
- Non-Ferrous
Market Breakup by Technology:
- Pressing and Sintering
- Metal Injection Molding
- Additive Manufacturing
- Others
Market Breakup by Application:
- Automotive
- Aerospace and Defense
- Healthcare
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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