The global metal powder market size was worth around USD 7.52 billion in 2023 and is predicted to grow to around USD 14.17 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.29% between 2024 and 2032.
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Metal Powder Market Overview
The metal powder is a finely pulverized form of solid metal that typically contains smaller particles with a maximum dimension of approximately 1000 µm. These particles are the tiniest unit of powder. The majority of metal powders comprise particles that are between 25 and 200 µm in size. In the majority of instances, these granules are entirely metallic, although they may be combined with other substances, such as ceramics or polymers. The metal powder serves as a transitional state between liquid and solid metal. These particles are employed in a diverse array of consolidation processes, including extrusion, injection molding, blending, compaction, and sintering. The most frequently employed methods for the production of metal particles are grinding and gas atomization.
The growth of the global metal powder market is being driven by the continuous research and development activities in metal powder manufacturing and processing, as well as the rapidly developing end-use industries. The metal powder market in developing countries is anticipated to experience growth during the forecast period due to the growing number of government investments in industrial progress and infrastructural development.
Moreover, the metal powder market is expected to experience growth in the coming years due to the high disposable income of consumers and the advanced medical and healthcare sector in developed countries.
The report provides a global and regional analysis and forecast of the metal powder market. The research offers historical data for 2020, 2021, and 2022, as well as a revenue forecast for the years 2024 to 2032 in USD billions. The study encompasses the drivers and restraints of the metal powder market, as well as their influence on demand during the forecast period. Furthermore, the report encompasses an examination of the global metal powder market’s opportunities and threats.
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The Global Metal Powder Market is segmented based on product, application and region
Global Metal Powder Market: Product Segment Analysis
● Ferrous
● Non-Ferrous
● Others
Global Metal Powder Market: Application Segment Analysis
● Automotive
● Construction
● Electrical and Electronics
● Medical/Health Care
● Aerospace and Defense
● Others
The Global Metal Powder market profiles key players such as:
● ATI Powder Metals
● Hoganas AB
● Aubert Duval
● Rio Tinto
● GKN Plc.
● Arconic Inc.
● Metaldyne Performance Group Inc.
● Hitachi Chemical Co.Ltd.
● Praxair Technology Inc.
● Renishaw
● BOHLER Edelstahl GmbH Co KG
● Carpenter Technology Corporation
Regional Analysis of the Metal Powder Market
Due to the increasing prevalence of chronic diseases, the North American metal powder market is expected to experience accelerated growth in the future, as a result of the tremendous advancements in additive manufacturing, the aging population, and the escalating health concerns. It is anticipated that the European metal powder market will experience substantial growth in the years ahead, as a result of the growing demand for lightweight and more fuel-efficient vehicles, the use of chrome-plated metal powder in the aerospace industry, and the high production of automobiles in the European region.
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