Global Metal Powder Market Set to Spark a USD 12.1 billion Transformation by 2031 - Transparency Market Research

Metal Powder Market [Type: Iron & Steel, Aluminum, Copper, Nickel, Others] - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

NEW YORK, NEW YORK, UNITED STATES, October 16, 2023 /EINPresswire.com/ -- The global Metal Powder Market Size is expected to reach USD 12.1 billion by 2031, expanding at a CAGR of 4.4% from 2022 to 2031, according to Transparency Market Research. Metal powders are finely divided metallic particles that are used in a variety of industrial applications. They are produced through processes like atomization, chemical reduction, and mechanical comminution.

The demand for metal powders has grown significantly due to their utility in industries that require precision and high-performance materials. The global metal powder market has experienced significant growth due to its diverse applications in various industries, including automotive, aerospace, additive manufacturing, and electronics. Metal powders are versatile materials used for manufacturing components with complex geometries, high strength, and precise specifications. This research report provides a comprehensive analysis of the global metal powder market, including market size, trends, drivers, challenges, and future outlook.

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Market Size and Growth

The global metal powder market has witnessed substantial growth and is expected to continue expanding. Key factors contributing to this growth include:

• Additive Manufacturing: The adoption of metal powders in 3D printing and additive manufacturing processes.
• Aerospace and Automotive: The use of metal powders to produce lightweight, high-strength components in the aerospace and automotive industries.
• Electronics and Energy: Applications in electronics, energy storage, and renewable energy sectors that require advanced materials.

Key Players

Key players in the metal powder market include metal powder producers, additive manufacturing companies, and material suppliers. Some prominent companies and organizations in this market include:
• 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 and many more

Recent Developments:

Here are some recent developments of companies in the metal powder market, along with the year in which they occurred:
• 2023 –Sandvik Invests in metal powder capacity for additive manufacturing (AM) by installing two additional atomization towers at the production site in Neath, United Kingdom.
• 2023 – BASF Opens a new Center of Excellence laboratory for its Catamold business in Shanghai, China. Catamold is a ready-to-use pellet for powder injection molding (PIM) that consists of metal powder and a tailor-made binding agent.
• 2022- GKN Powder Metallurgy Expands its AM powder production capacity in North America by opening a new facility in Pittsburgh, Pennsylvania.
2022 Hitachi Chemicals Launches a new line of metal powders for AM that are specifically designed for use in the aerospace and automotive industries.

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o Market Drivers
Several factors are driving the growth of the metal powder market, including:

• Additive Manufacturing: The increasing use of metal powders in 3D printing and additive manufacturing processes.
• Lightweighting: The demand for lightweight and high-strength materials in industries like aerospace and automotive.
• Advanced Materials: The need for advanced materials with improved properties in electronics and energy sectors.

o Market Challenges
The metal powder market faces certain challenges, such as:

• Production Costs: High production costs associated with metal powder manufacturing, affecting pricing.
• Quality Control: The need for strict quality control measures to ensure consistency in metal powder properties.
• Regulatory Compliance: Navigating complex regulatory requirements, especially in the aerospace and healthcare industries.

o Market Opportunities
Opportunities in the metal powder market include:

• Technological Advancements: Ongoing research to develop innovative metal powder production methods and materials.
• Market Expansion: Exploring applications in emerging industries like 3D-printed medical implants and clean energy technologies.
• Global Reach: Expanding metal powder production and distribution to serve the needs of emerging markets.

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Market Segmentation
The metal powder market can be segmented based on various criteria, including metal type, production method, end-user industry, and region:

• Metal Type: Metal powders are available in various materials, such as stainless steel, aluminum, titanium, and nickel.
• Production Method: Metal powders are produced through methods like gas atomization, water atomization, and chemical reduction.
• End-User Industry: Industries using metal powders range from automotive, aerospace, and electronics to healthcare and energy.
• Region: The market spans regions such as North America, Europe, Asia-Pacific, and Latin America.

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