Init0

Pune, Maharashtra October 26, 2022 –The Metal Powder Market report provides a product scenario on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a detailed report, which is mainly focusing on primary and secondary methodology, market share, dominant segments and geographical analysis. The report also covers the competitive matrix and the competition scenario of the global Metal Powder Market, which helps to know the competition at both domestic and global levels. Metal Powder Market is expected to Reach USD 11.10 Billion by 2029 At a CAGR of 6.9 percent

Metal Powder Market Overview:

Metal Powder Market growth is expected to be aided by rising demand for sintered parts in the Asia Pacific region. It’s expected that APAC will continue to be the region that purchases the most powder metal goods. The market for finished parts created from metal powder is probably going to continue to grow due to the constant production of automobiles, the high potential for consumers in Southeast Asian nations, India, and China, and the desire for medical products. Notably, Asia Pacific accounted for 53.6 percent of the world’s auto output in the year 2020. In contrast to press and sinter, the U.S. metal powder market had strong growth in the year 2020 for additive manufacturing (AM) and metal injection moulding (MIM). Growing AM use is expected to continue to be a major factor in metal powder demand.

For Any Query, Click Here:

Inquiry Before Buying

Metal Powder Market Dynamics:

Demand in the Metal Fabrication Industry is Growing Rapidly

The growing demand for various metal-fabricated components across a wide range of end-use industries, such as the automotive, aerospace, construction, and various others, is forcing metal fabrication industries to increase their production capacities in order to capitalise on the enormous opportunity that has been created in the market. However, the traditional production methods’ extended lead times have long prevented the metal fabrication industry from expanding. To take advantage of the market opportunity, the metal fabrication industry is reliant on cutting-edge production methods such as powder metallurgy, additive manufacturing, and a few others. Due to such production techniques and the raw materials utilised in these production processes, such as metal powder, the market for metal powder is expected to expand significantly during the forecast period.

The demand for lightweight components helps metal powder sales.

To build their products and succeed in a competitive market where the competitive environment is always intensifying, manufacturers must invest significantly in R&D. Small elements that weren’t previously observed are now being taken seriously by manufacturers. The market is now strongly dependent on innovation and development for growth. Because of this, demand for lightweight components with exceptional accuracy is always rising across all end-use industries. The automotive and aerospace sectors are setting the pace for rising demand for lightweight components by providing their clients with solutions that are more fuel-efficient. However, typical production methods for such light components cannot produce the high accuracy required by end-use industries.

Metal Powder Market Regional Insights:

The presence of numerous competitors who provide goods that are tailored to customer demand and have well-established sales and distribution networks throughout MEA, APEJ, and Latin America distinguishes the Asian market. The main driver in these areas is the SME sector, which typically seeks out low-investment solutions. Due to fierce rivalry, the availability of resources, and beneficial trade policies, Chinese competitors typically succeed in offering goods at comparatively inexpensive rates. Because of this, it is difficult for many American and European companies to maintain their individual profit margins in these markets while producing high-quality metallic powder with stringent operational and safety criteria. China is able to create metal powder for less money than countries like the US, Germany, and Japan. The majority of customers choose to import parts from China as a result. International players’ overall performance is hampered by the dominance of Chinese producers, who force them to operate on slim profit margins. As a result, during the forecast period, metal powder sales are expected to decrease globally.

To Get A Copy Of The Sample of the Metal Powder Market, Click Here:

Request Sample

Metal Powder Market Segmentation:

By Material:

By Technology:

Press & Sinter
Metal Injection Molding
Additive Manufacturing
Others.

By End-use Industry:

Automotive
Aerospace & Defense
Healthcare
Others

Metal Powder Market Key Competitors:

Sandvik AB
ATI Powder Metals
AMG Advanced Metallurgical Group
Rio Tinto Plc
American Axle & Manufacturing, Inc.
Carpenter Powdered Products
Showa Denko Materials
GKN Plc
Praxair Surface Technologies Inc.,
Aubert & Duval
Hoganas AB
voestalpine BÖHLER Edelstahl GmbH & Co KG
Royal Metal Powders
Australian Metal Powders Supplies Pty Ltd.
CNPC Powder Group Co., Ltd.

Related Report Published by Maximize Market Research:

Atomizing Metal Powder Market

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

[email protected]

+91 96071 95908, +91 9607365656

Tags: RSS Feeds