Press
Release

Metal Powder Market to Show Growth at Promising CAGR during 2019 to 2027, Increasing Use in Automotive Sector Boosts Market Development: TMR

• – Technological developments in the metal powder market are highlighting potential opportunities for the use of powder metals in various products such as paint pigments, rocket fuels, and printing inks
• – Use of additive manufacturing (AM) and metal powders in the production of gamut of products is foreseen to stimulate the market growth in the years ahead

Transparency Market Research, New York: Metal powder is gaining traction of gamut of industries such as automotive, electrical, and electronics. Key reason for the popularity of metal powder is its higher efficiency than other traditional options including forging, casting, and stamping. Metal powder is a base material used in the manufacturing of metallic components. The production of metal powder includes four main steps, namely, electrolysis, solid-state reduction, chemical, and atomization. Players in metal powder market expect stupendous demand opportunities from the automotive component manufacturing sector.

Analysts at TMR find that the global metal powder market will show growth at remarkable speed throughout the forecast period of 2019 to 2027. Key reason attributed to this growth is wide applications of metal powder. This aside, increasing use of powder metal in the powder metallurgy to manufacture products useful in gamut of industries will fuel the market growth. 

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Key Findings of Metal Powder Market Report

• – The global metal powder market gathered revenues of ~ US$ 6.8 Bnin 2018.
• – Among all types, iron and steel powder segment accounted for ~ US$ 2.6 Bnin 2018. This segment is projected to grow at rapid pace during the upcoming years.
• – The Asia Pacific metal powder market gathered US$ ~ 2.4 Bn in sales in 2018
• – On regional front, Asia Pacific is estimated to show prominent growth during the forecast period of 2019 to 20 27
• – The global metal powder market is fragmented in nature
• – Among all end-users, the market is projected to witness rising demand from automotive and industrial sectors

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Metal Powder Market: Key Driving Factors and Promising Avenues

The global metal powder market is growing on the back of gamut of factors. Some of the key factors supporting the market development are:

• – Metal powder is gaining traction across major end-use industries due to many features it holds. High volume capacity, recyclability, cost effectiveness, and lesser amount of time required in the manufacturing process are some of the key features to be highlighted.
• – Industrial, healthcare, electronics, automotive, and firearms are some major end-use industries of the products from the global metal powder market
• – Owing to rising demand for high-purity metal powders, several leading players are growing investments in research and development activities. This factor highlights potential speedy growth of the metal powder market.
• – Increasing awareness regarding metal powders use as base materials for manufacturing metallic components through the powder metallurgy route and budding field of additive manufacturing are major growth factors in the metal powder market.

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Metal Powder Market: Competitive Assessment

With presence of sizable number of players, the competitive landscape of the global metal powder market is highly intense. Several industry leaders are focused on merger and acquisition activities. These moves are supporting players in expanding their regional presence as well as maintaining their leading position in the market for metal powder.

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Many vendors in the global metal powder market are focused on innovating their products. This move is helping them meet the increasing demand for fine metal powders by end users. This aside, gamut of players are strengthening their production capabilities. All these activities are suggestive of promising future of the vendors working in the global metal powder market.

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The Metal Powder Market can be segmented as follows:

Type

• – Iron & Steel
• – Aluminum
• – Copper
• – Nickel
• – Others

Application

• – Automotive
• – Electrical & Electronics
• – Machinery
• – Others

Region

• – North America
• – Europe
• – Asia Pacific
• – Middle East and Africa
• – Latin America

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