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Metal powder's market was predicted to be worth USD 6.78 billion in 2022. The market is projected to increase from USD 7.09 billion in 2022 to USD 10.79 billion by 2030, representing a CAGR of 7.2% over that period. The COVID-19 pandemic has had an unheard-of and earth-shattering impact on the world, and pre-pandemic levels of demand for metal powder have been lower in all regions than anticipated.
Rising demand for sintered components in the Asia Pacific region is likely to support market expansion. It is anticipated that Asia Pacific will continue to be the region where powder metal products are most frequently purchased. Due to the ongoing manufacturing of autos, the significant untapped markets in Southeast Asian countries, India, and China, as well as the demand for medical items, the market for completed parts made from metal powder is most likely to continue expanding. Notably, Asia Pacific produced 53.6% of all automobiles in the globe in 2019. In contrast to press and sinter, additive manufacturing (AM) and metal injection moulding (MIM) both had significant growth in the U.S. metal powder market in 2019. Demand for metal powder is anticipated to be significantly influenced by growing AM use. The Metal Powder Industries Federation further reports that around ten MIM companies have showed interest in buying AM equipment over the next two years.
Metal powder is the common name for finely split solids with sizes less than 1000 m. The bulk of metal powders have particles between 25 and 200 m in length. Metals behave in powder form in a way that is typically halfway between how they behave in liquid and solid form. They can easily flow into die cavities or other containers in a fluid-like state. Like a gas, they too can be compressed. These characteristics enable the easy formation of metal powders while maintaining the desired properties of a solid metal. The need for finished parts made with metal powder is expected to rise as a result of rising car production, rising electrical and electronic device consumption, and the sizeable prospective consumer markets in Asia, such as China and India. The global market for metal powder is predicted to grow at a decent rate during the forecast period as a consequence of the rising demand for metal powder, notably in the automotive industry.
Metal powder is increasingly being used in the manufacturing of additives. It improves adaptability while decreasing waste when parts and coatings made of different metals are manufactured. On the market, you may easily find items like zinc, aluminium, iron, manganese, tin, cadmium oxide, and nickel powder. The product also promotes sustainable development. These concepts can help with problems like the lack of resources and the demand for clean energy.
A rise in purchasing power and rapid population growth are the two key factors driving increased automotive demand internationally. The manufacture of several parts, including bearings, camshaft pulleys, crankshaft sprockets, and gears, is aided by metallurgy, which is also responsible for the usage of powdered metals in the automotive industry. Powder metallurgy is also used to make, connect, and cut structural parts. Due to their ability to create detailed designs, processes like metal injection moulding and laminate moulding are also receiving attention from the automotive industry.
The demand for iron powder in the food business is rising due to the demand for iron supplements and the treatment of iron deficiency symptoms. However, if you use significant doses of iron-rich supplements, a chronic illness could arise. Excessive iron consumption might harm the digestive system. An iron imbalance can cause stomach aches, nausea, diarrhoea, and vomiting. Iron accumulates in organs over time and causes catastrophic damage to the liver and brain. The aforementioned elements may prevent market growth.
Report Coverage
Global Metal Powder research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Metal Powder report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Metal Powder competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Metal Powder market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Metal Powder market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Metal Powder market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF SE, Sandvik AB, GKN Plc., Rio Tinto, Höganäs AB, JFE Holdings, Inc., Vale S.A., Alcoa Corporation, Laiwu Iron & Steel Group Powder Metallurgy Co., Ltd, GGP Metalpowder AG, Sarda Industrial Enterprises, Metal Powder Company Limited, The Arasan Aluminium Industries (P) Ltd, MMP Industries Ltd. (MMPIL), Deva Metal Powders Pvt. Ltd, Shakambari Enterprises (India) Pvt. Ltd., Innomet Powders, Sri Kaliswari Metal Powders Pvt Ltd, Industrial Metal Powders (India) Pvt. Ltd., and D M Metal Powder
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Metal Powder market based on the below-mentioned segments:
Global Metal Powder Market, By Metal Type
Ferrous
Non-Ferrous
Global Metal Powder market, By Production Method
Mechanical Method
Chemical Method
Global Metal Powder Market, By End User
Automotive
Manufacturing
Medical
Electrical & Electronics
Others
Global Metal Powder market, Regional Analysis
Rising demand for sintered components in the Asia Pacific region is likely to support market expansion. It is anticipated that Asia Pacific will continue to be the region where powder metal products are most frequently purchased. Due to the ongoing manufacturing of autos, the significant untapped markets in Southeast Asian countries, India, and China, as well as the demand for medical items, the market for completed parts made from metal powder is most likely to continue expanding. Notably, Asia Pacific produced 53.6% of all automobiles in the globe in 2019. In contrast to press and sinter, additive manufacturing (AM) and metal injection moulding (MIM) both had significant growth in the U.S. metal powder market in 2019. Demand for metal powder is anticipated to be significantly influenced by growing AM use. The Metal Powder Industries Federation further reports that around ten MIM companies have showed interest in buying AM equipment over the next two years.
Metal powder is the common name for finely split solids with sizes less than 1000 m. The bulk of metal powders have particles between 25 and 200 m in length. Metals behave in powder form in a way that is typically halfway between how they behave in liquid and solid form. They can easily flow into die cavities or other containers in a fluid-like state. Like a gas, they too can be compressed. These characteristics enable the easy formation of metal powders while maintaining the desired properties of a solid metal. The need for finished parts made with metal powder is expected to rise as a result of rising car production, rising electrical and electronic device consumption, and the sizeable prospective consumer markets in Asia, such as China and India. The global market for metal powder is predicted to grow at a decent rate during the forecast period as a consequence of the rising demand for metal powder, notably in the automotive industry.
Metal powder is increasingly being used in the manufacturing of additives. It improves adaptability while decreasing waste when parts and coatings made of different metals are manufactured. On the market, you may easily find items like zinc, aluminium, iron, manganese, tin, cadmium oxide, and nickel powder. The product also promotes sustainable development. These concepts can help with problems like the lack of resources and the demand for clean energy.
A rise in purchasing power and rapid population growth are the two key factors driving increased automotive demand internationally. The manufacture of several parts, including bearings, camshaft pulleys, crankshaft sprockets, and gears, is aided by metallurgy, which is also responsible for the usage of powdered metals in the automotive industry. Powder metallurgy is also used to make, connect, and cut structural parts. Due to their ability to create detailed designs, processes like metal injection moulding and laminate moulding are also receiving attention from the automotive industry.
The demand for iron powder in the food business is rising due to the demand for iron supplements and the treatment of iron deficiency symptoms. However, if you use significant doses of iron-rich supplements, a chronic illness could arise. Excessive iron consumption might harm the digestive system. An iron imbalance can cause stomach aches, nausea, diarrhoea, and vomiting. Iron accumulates in organs over time and causes catastrophic damage to the liver and brain. The aforementioned elements may prevent market growth.
Report Coverage
Global Metal Powder research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Metal Powder report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Metal Powder competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Metal Powder market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | BASF SE, Sandvik AB, GKN Plc., Rio Tinto, Höganäs AB, JFE Holdings, Inc., Vale S.A., Alcoa Corporation, Laiwu Iron & Steel Group Powder Metallurgy Co., Ltd, GGP Metalpowder AG, Sarda Industrial Enterprises, Metal Powder Company Limited, The Arasan Aluminium Industries (P) Ltd, MMP Industries Ltd. (MMPIL), Deva Metal Powders Pvt. Ltd, Shakambari Enterprises (India) Pvt. Ltd., Innomet Powders, Sri Kaliswari Metal Powders Pvt Ltd, Industrial Metal Powders (India) Pvt. Ltd., and D M Metal Powder |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Metal Powder Market from 2021 to 2030.
- Market Forecast for Metal Powder Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Metal Powder competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Metal Powder
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Metal Powder market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Metal Powder market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF SE, Sandvik AB, GKN Plc., Rio Tinto, Höganäs AB, JFE Holdings, Inc., Vale S.A., Alcoa Corporation, Laiwu Iron & Steel Group Powder Metallurgy Co., Ltd, GGP Metalpowder AG, Sarda Industrial Enterprises, Metal Powder Company Limited, The Arasan Aluminium Industries (P) Ltd, MMP Industries Ltd. (MMPIL), Deva Metal Powders Pvt. Ltd, Shakambari Enterprises (India) Pvt. Ltd., Innomet Powders, Sri Kaliswari Metal Powders Pvt Ltd, Industrial Metal Powders (India) Pvt. Ltd., and D M Metal Powder
Primary Target Market
- Market Players of Metal Powder
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Metal Powder market based on the below-mentioned segments:
Global Metal Powder Market, By Metal Type
Ferrous
Non-Ferrous
Global Metal Powder market, By Production Method
Mechanical Method
Chemical Method
Global Metal Powder Market, By End User
Automotive
Manufacturing
Medical
Electrical & Electronics
Others
Global Metal Powder market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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