What is Metal Powder Market?
The metal powder is a powder of metals like iron or aluminum. Various types of metal powders are used in different sectors. Ferrous, non-ferrous, and others (silver, gold, and platinum) are widely used types of metal powder. The growing applications of metal powder such as additive manufacturing, thermal surfacing, architectural and paints, printing and screen printing, automotive component manufacturing, metal injection moulding, as well as metallic fillers is likely to impel the global metal powder market growth. The end use industries of metal powder include transportation & logistics, electrical & electronics, industrial, construction, medical/health care, as well as defense, among others. The growing demand from various end use industries will boost the global metal powder market growth over the near future.
The market study is being classified by Type (Ferrous, Non-Ferrous and Others (Silver, Gold, and Platinum)), by Application (Additive Manufacturing (3D Printing, Rapid Prototyping, and Others), Thermal Surfacing, Architectural and Paints, Printing and Screen Printing, Industrial (Automotive Component Manufacturing, Metal Injection Moulding, Metallic Fillers, and Others) and Others) and major geographies with country level break-up.
Sandvik AB (Sweden), Carpenter Technology Corporation (United States), Hoganas AB (Sweden), Rio Tinto (United Kingdom), BASF SE (Germany), Allegheny Technologies Incorporated (United States), Alcoa Corporation (United States), Vale S.A. (Brazil), Laiwu Iron & Steel Group Powder Metallurgy Co. Ltd (China) and Jiande Yitong Metal Powder Co., Ltd (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Parshwamani Metals (India), SCM Metal Products (Suzhou) Co., Ltd (United States) and D M Metal Powder (India). Research Analyst at AMA predicts that Swedish, Chinese, Indian, and United States Vendors will contribute to the maximum growth of Global Metal Powder market throughout the predicted period.
Segment AnalysisAnalyst at AMA have segmented the market study of Global Metal Powder market by Type, Application and Region. On the basis of Type, Ferrous are dominating the market in the year 2020
On the basis of geography, the market of Metal Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand from Various End-User Industries
- Technological Developments in Metal Powder Industry
- Growing popularity of powder metallurgy (PM) technology
- Huge Initial Capital Investment
- Increasing Demand for Metal Powder in Additive Manufacturing
- Powder Metallurgy Accepted as Green Technology
- Unstable Raw Material Prices
Key Target AudienceMetal Powder Manufacturers, Raw Material Suppliers, Distributors/Traders/Wholesalers/Suppliers, Commercial Research & Development (R&D) Institutions, Government Organizations, Research Organizations, Trade Associations and Industry Bodies, Construction Industry, Healthcare Industry, Transportation & Logistics Industry and Other End-Use Industries