Metal Powder Market Size, Share, Trends, Growth 2032

Metal Powder Industry Prospective:

The global metal powder market size was worth around USD 7.52 billion in 2023 and is predicted to grow to around USD 14.17 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.29% between 2024 and 2032.

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Metal Powder Market: Overview

The metal powder is a finely powdered form of solid metal that usually contains smaller particles with a maximum dimension of approximately1000 µm. These particles are the smallest unit of powder. Most metal powders contain particles that range from 25 to 200 µm in size. Generally, these powders are purely metallic, while in some cases they are mixed with other forms, such as ceramics or polymers. The metal powder is an intermediate between liquid and solid metal. These powders are used in a variety of consolidation processes, such as extrusion, injection molding, blending, compaction, and sintering. Grinding and gas atomization are the most common methods used to produce metal powders.

The rapidly developing end-use industries and continuous research and development activities in metal powder manufacturing and processing are driving the growth of the global metal powder market. The increasing number of government investments for infrastructural development and industrial progress is expected to drive the growth of the metal powder market in developing countries over the forecast timeline.

Moreover, advanced medical and healthcare sector in developed countries along with high disposable income of consumers is also anticipated to boost the growth of the metal powder market in the upcoming years.

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The report covers a forecast and an analysis of the metal powder market on a global and regional level. The study provides historical data for 2020, 2021, and 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints of the metal powder market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities and threats to the metal powder market on a global level.

To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the metal powder market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Metal Powder Market Segmentation

The study provides a decisive view of the metal powder market based on type, production method, application, and region.

Based on type, the market is segmented into ferrous, non-ferrous (aluminum, copper, and nickel), and others (silver, platinum, and gold). The ferrous metal powder segment held a major market share in terms of revenue in 2018, due to the growing use of iron and stainless steel powder in a wide range of applications, such as machinery components, chemical additives, and automotive parts.

Based on the production method, the global metal powder market is segmented into physical, chemical, and mechanical. The chemical segment is estimated to register a considerable growth rate over the forecast timeline.

Based on application, the metal powder market is segmented into automotive, construction, electrical and electronics, medical/health care, aerospace and defense, and others (decorative and entertainment, etc.). The automotive segment is likely to exhibit major growth in the future, owing to the rapid developments and increasing investments made in the industry across the globe. The construction and electronics and electrical sectors are estimated to register considerable growth in the future, owing to the increasing number of research and development activities in the respective industries.

Metal Powder Market: Report Scope

Metal Powder Market : Regional Analysis

By region, the North American metal powder market is likely to exhibit rapid growth in the future, owing to the tremendous developments in additive manufacturing, rising health concerns, the prevalence of chronic diseases, and rising aging population. The European metal powder market is anticipated to register significant growth in the years ahead, due to the increasing use of chrome-plated metal powder in the aerospace industry, increasing demand for lightweight and more fuel efficient vehicles, and high production of automobiles in the region.

The Asia Pacific metal powder market is projected to hold a substantial share globally in the future, due to the rapidly evolving automobile industry and the increasing penetration of automotive MNCs across the region.

Metal Powder Market Key Players

Some key players in the global metal powder market are

• ATI Powder Metals
• Hoganas AB
• Aubert & Duval
• Rio Tinto
• GKN Plc.
• Arconic Inc.
• Metaldyne Performance Group Inc.
• Hitachi Chemical Co.Ltd.
• Praxair Technology Inc.
• Renishaw
• BOHLER Edelstahl GmbH & Co KG
• Carpenter Technology Corporation
• Sandvik AB
• Miba AG.

The global metal powder market is segmented as follows::

By Type

• Ferrous
• Non-Ferrous
  • Aluminum
  • Copper
  • Nickel
• Others (Silver, Gold, and Platinum)

By Production Method

• Physical
• Chemical
• Mechanical

By Application

• Automotive
• Construction
• Electrical and Electronics
• Medical/Health Care
• Aerospace and Defense
• Others (Decorative & Entertainment, etc.)

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa