Metal Powder Market
Metal Powder Market Size, Share, and Trends Analysis Report, By Type (Ferrous and Non-Ferrous), By Process (Atomization, Solid State Reduction, Electrolysis, and Other), By End-User Industry (Automotive, Aerospace & Defense, Medical, Building & Construction, and Others), Forecast Period 2022-2028 Update Available - Forecast 2024-2030
Metal powder market is anticipated to grow at a CAGR of 5.1% during the forecast period. Metal powders are metal alloys that are processed into very fine powder through high-pressure atomization. Metal powders are used in many manufacturing techniques to produce metal parts. The use of metal powders eliminates waste in comparison with traditional machining and is versatile in creating a variety of metal and alloy components. The factors such as increasing automotive production and rising medical product demands such as medical implants globally drive the market for metal powder. Apart from these, the high demand for cutting-edge production technologies in the manufacturing sector to reduce time, cost, and labor is likely to boost the metal powder demand during the forecast period. Powder metal manufacturing has many different uses in the automotive industry. The usage in a car can range from structural applications to magnetic applications. With further increases in automotive vehicle production in emerging economies, the market for metal powder is expected to grow more. The integration of metal powder in next-generation alloy development can bring new growth opportunities to the market.
In addition, the market growth is also driven by the presence of market players and their contribution to the market growth. Prominent metal powder manufacturers are accentuating market expansion through strategic acquisitions, mergers, and capacity expansions. For instance, in December 2020, Sandvik AB acquired Miranda Tools Business. Along with this acquisition, the company acquired manufacturing of solid carbide round tools and high-speed steel business segments of Miranda Tools Business. Further, in September 2022, Uniformity Labs announced the availability of its ultra-low porosity 17-4PH stainless steel powder for the Desktop Metal Shop Pro Binder Jetting platform. 17-4PH is an advanced metal powder that delivers superior material properties, sintered part geometric accuracy, process yield, and print uniformity at the highest throughput as per the company.
Segmental Outlook
The global metal powder market is segmented based on type, process, and end-user industry. Based on type, the market is sub-segmented into ferrous and non-ferrous. The ferrous segment held the largest share in 2021 and it is expected to maintain its dominance by accounting large volume share. Based on the process, the market is sub-categorized into atomization, solid-state reduction, electrolysis, and others. Based on the end-user industry, the market is segmented into automotive, aerospace & defense, medical, building & construction, and others. Among these, the automotive segment is expected to hold a large share owing to the demand for lightweight automotive vehicle component to reduce the overall cost and to make the engine works better. With the growing demand for lightweight and complex products, sales of aluminum powder are expected to grow at a fast pace over the coming years.
Regional Outlook
Geographically, the global market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Among these, the Asia-Pacific witnessed the highest demand for metal powder in 2021 Owing to the growing automobile and aerospace industries in the region’s major economies. In addition, the rising penetration of electric vehicles in the automotive industry has provided a positive outlook for metal powder suppliers due to which they are focusing on investing in product development in terms of quality.
Global Metal Powder Market Growth, By Region 2022-2028
North America to Showcase Significant Growth
North America is to witness significant growth opportunities in the metal powder market. Growing demand for lightweight and highly precise objects is driving demand for metal powder in end-user industries of the region. Increasing investments in powder production technologies to overcome the performance of major players in the market are also propelling market growth. Apart from these, the rapid expansion of the aerospace and defense industry in the US also helped the regional market to expand forward.
Market Players Outlook
The major market players in the global metal powder market include Advanced Technology & Materials Co., Ltd., Hoganas AB, Linde PLC, Sandvik AB, and among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in May 2021, Rio Tinto developed and tested a steel powder designed for 3-D printing applications at its Rio Tinto Fer et Titane (RTFT) metallurgical complex in Sorel-Tracy, Quebec.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global metal powder market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Metal Powder Market by Type
4.1.1. Ferrous
4.1.2. Non-Ferrous
4.2. Global Metal Powder Market by Process
4.2.1. Atomization
4.2.2. Solid State Reduction
4.2.3. Electrolysis
4.2.4. Other
4.3. Global Metal Powder Market by End-User Industry
4.3.1. Automotive
4.3.2. Aerospace & Defense
4.3.3. Medical
4.3.4. Building & Construction
4.3.5. Other
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Allegheny Technologies Inc.
6.2. American Chemet Corp.
6.3. AMETEK, Inc.
6.4. Burgess-Norton Manufacturing Co.
6.5. Carpenter Technology Corp.
6.6. Daido Steel Co., Ltd.
6.7. Dowa Holdings Co., Ltd.
6.8. Erasteel SAS
6.9. F. W. Winter Inc. & Co.
6.10. Federal-Mogul Corp.
6.11. Fine Sinter Co., Ltd.
6.12. H.C. Starck GmbH
6.13. Hoeganaes Corp.
6.14. Höganäs AB
6.15. JFE Steel Corp.
6.16. Kennametal, Inc.
6.17. Kobe Steel, Ltd.
6.18. Kymera International
6.19. Norilsk Nickel
6.20. PMG Holding GmbH
6.21. Pometon SpA
6.22. Showa Denko Materials Co., Ltd.
6.23. Sumitomo Electric Industries, Ltd.
1. GLOBAL METAL POWDER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL FERROUS METAL POWDER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL NON-FERROUS METAL POWDER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL METAL POWDER MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
5. GLOBAL METAL POWDER BY ATOMIZATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL METAL POWDER BY SOLID STATE REDUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL METAL POWDER BY ELECTROLYSIS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL METAL POWDER BY OTHER PROCESS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL METAL POWDER MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
10. GLOBAL METAL POWDER IN AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL METAL POWDER IN AEROSPACE & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL METAL POWDER IN MEDICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL METAL POWDER IN BUILDING & CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL METAL POWDER IN OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL METAL POWDER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. NORTH AMERICAN METAL POWDER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN METAL POWDER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
18. NORTH AMERICAN METAL POWDER MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
19. NORTH AMERICAN METAL POWDER MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
20. EUROPEAN METAL POWDER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. EUROPEAN METAL POWDER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
22. EUROPEAN METAL POWDER MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
23. EUROPEAN METAL POWDER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC METAL POWDER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC METAL POWDER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC METAL POWDER MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC METAL POWDER MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
28. REST OF THE WORLD METAL POWDER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
29. REST OF THE WORLD METAL POWDER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD METAL POWDER MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
31. REST OF THE WORLD METAL POWDER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL METAL POWDER MARKET SHARE BY TYPE, 2021 VS 2028 (%)
2. GLOBAL METAL POWDER MARKET SHARE BY PROCESS, 2021 VS 2028 (%)
3. GLOBAL METAL POWDER MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
4. GLOBAL METAL POWDER MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL FERROUS METAL POWDER MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL NON-FERROUS METAL POWDER MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL METAL POWDER BY ATOMIZATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL METAL POWDER BY SOLID STATE REDUCTION MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL METAL POWDER BY ELECTROLYSIS MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL METAL POWDER BY OTHER PROCESS MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL METAL POWDER FOR AUTOMOTIVE MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL METAL POWDER FOR AEROSPACE & DEFENSE MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL METAL POWDER FOR MEDICAL MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL METAL POWDER FOR BUILDING & CONSTRUCTION MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL METAL POWDER FOR OTHER MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. US METAL POWDER MARKET SIZE, 2021-2028 ($ MILLION)
17. CANADA METAL POWDER MARKET SIZE, 2021-2028 ($ MILLION)
18. UK METAL POWDER MARKET SIZE, 2021-2028 ($ MILLION)
19. FRANCE METAL POWDER MARKET SIZE, 2021-2028 ($ MILLION)
20. GERMANY METAL POWDER MARKET SIZE, 2021-2028 ($ MILLION)
21. ITALY METAL POWDER MARKET SIZE, 2021-2028 ($ MILLION)
22. SPAIN METAL POWDER MARKET SIZE, 2021-2028 ($ MILLION)
23. REST OF EUROPE METAL POWDER MARKET SIZE, 2021-2028 ($ MILLION)
24. INDIA METAL POWDER MARKET SIZE, 2021-2028 ($ MILLION)
25. CHINA METAL POWDER MARKET SIZE, 2021-2028 ($ MILLION)
26. JAPAN METAL POWDER MARKET SIZE, 2021-2028 ($ MILLION)
27. SOUTH KOREA METAL POWDER MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF ASIA-PACIFIC METAL POWDER MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD METAL POWDER MARKET SIZE, 2021-2028 ($ MILLION)
