Metal Powder Market size was valued at US$ 6.95 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 6.9% from 2023 to 2029, reaching nearly US$ 11.10 Bn.
Metal Powder Market Overview:
The purpose of this report is to provide a thorough examination of the Metal Powder Market by segments and geographics. The study goes into great detail on the primary factors influencing the Metal Powder market's growth. The study also offers a comprehensive analysis of the market's value chain.
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Metal Powder Market Scope:
The "Global Metal Powder Market Analysis" is a detailed investigation of the Metal Powder market, with a focus on global market trends and analysis. The goal of this research is to provide an overview of the Metal Powder market as well as detailed market segmentation by application, end-use, and geography. The Metal Powder market is expected to develop substantially over the forecast period. The study contains critical information on the market positions of the leading Metal Powder players, as well as noteworthy industry trends and opportunities.
The research method used to assess and anticipate the Metal Powder market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segment estimation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Metal Powder market was calculated using the revenue of significant enterprises.
Metal Powder Market Segmentation:
The market is divided into ferrous and non-ferrous segments based on the kind of material. By 2029, it is anticipated that the ferrous material category would command a market share of xx%. The ferrous category comprises of metal powders made of iron, steel in all its varieties, and their alloys, as well as alloying elements including nickel, molybdenum, and chromium. Steel is one of the more affordable metal choices when employing additive manufacturing. For particular uses, it can also be alloyed with other metals, including bronze.
The market is divided into Press & Sinter, Metal Injection Molding, Additive Manufacturing, and Others based on technology. During the forecast period of 2023-2029, the press and sinter technology segment is anticipated to expand fast at a CAGR of xx%. Press and sinter is the standard powder metallurgy process. It is affordable and produces parts that are almost net-shaped. Thermal treatment or compaction at a temperature below the melting point of metal is necessary to produce a green compact.
The market is divided into Automotive, Aerospace & Defense, Healthcare, and Others based on the end-use industry. During the projected period of 2023-2029, the automotive end-use industry segment is anticipated to expand fast at a CAGR of xx%. The automotive sector, which uses processes including hot isostatic pressing (HIP), additive manufacturing (AM), press and sinter, and metal injection moulding (MIM), is one of the biggest consumers of metal powder. The press and sinter method is widely used in the automotive application market to produce auto parts. Other processes, such as AM, HIP, and MIM, are experiencing faster penetration than the press and sinter.
1 Global Metal Powder Market, by Material (2022-2029)
• Ferrous
• Non-ferrous
2 Global Metal Powder Market, by Technology (2022-2029)
• Press & Sinter
• Metal Injection Molding
• Additive Manufacturing
• Others
3 Global Metal Powder Market, by End-use Industry (2022-2029)
• Automotive
• Aerospace & Defense
• Healthcare
• Others
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Metal Powder Market Key Players:
The major players covered in the Metal Powder market report are
1. Sandvik AB
2. ATI Powder Metals
3. AMG Advanced Metallurgical Group
4. Rio Tinto Plc
5. American Axle & Manufacturing, Inc.
6. Carpenter Powdered Products
7. Showa Denko Materials
8. GKN Plc
9. Praxair Surface Technologies Inc.,
10. Aubert & Duval
11. Hoganas AB
12. voestalpine BÖHLER Edelstahl GmbH & Co KG
13. Royal Metal Powders
14. Australian Metal Powders Supplies Pty Ltd.
15. CNPC Powder Group Co., Ltd.
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Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Metal Powder Market:
Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the Metal Powder market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the Metal Powder industry,
Key Questions Answered in the Metal Powder Market Report are:
- Which segment grabbed the largest share in the Metal Powder market?
- What was the competitive scenario of the Metal Powder market in 2021?
- Which are the key factors responsible for the Metal Powder market growth?
- Which region held the maximum share in the Metal Powder market in 2021?
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