Metal Powder Market size was valued at US$ 6.95 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 6.9% from 2023 to 2029, reaching nearly US$ 11.10 Bn.
Metal Powder Market Overview:
The market research study Metal Powder investigates and assesses the market's position during the forecast period. It is comprehensive research that focuses on primary and secondary drivers, market share, leading segments, and regional analysis. The study also examines prominent persons, big partnerships, mergers, and acquisitions, as well as current innovation and corporate strategy.
We looked at the Metal Powder Market from every perspective possible, using both primary and secondary research methodologies. This increased our understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, and customer habits, among other things. The data is then compiled and assessed using a range of market estimation and data validation methodologies. Furthermore, we have an in-house data forecasting system that forecasts market growth until 2027.
Following the completion of market engineering, which included calculations for market statistics, market size estimations, market projections, market breakdown, and data triangulation, extensive primary research was conducted to obtain information and verify and validate key numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
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By the Material
Ferrous and non-ferrous market segments exist. By 2029, it is anticipated that the ferrous material category would command a market share of . The ferrous category comprises of metal powders made of iron, steel in all its varieties, and their alloys, as well as alloying elements including nickel, molybdenum, and chromium. Steel is one of the more affordable metal choices when employing additive manufacturing. For particular uses, it can also be alloyed with other metals, including bronze.
Press & Sinter, Metal Injection Moulding, Additive Manufacturing, and Others are the market segments. During the forecast period of 2023-2029, the press and sinter technology segment is anticipated to expand fast at a CAGR of . Press and sinter is the standard powder metallurgy process. It is affordable and produces parts that are almost net-shaped. Thermal treatment or compaction at a temperature below the melting point of metal is necessary to produce a green compact.
By End-use Industry
Automotive, Aerospace & Defence, Healthcare, and Others make up the market segments. The automotive end-use industry segment is anticipated to expand quickly between 2023 and 2029, with a CAGR of. The automotive sector, which uses processes including hot isostatic pressing (HIP), additive manufacturing (AM), press and sinter, and metal injection moulding (MIM), is one of the biggest consumers of metal powder. The press and sinter method is widely used in the automotive application market to produce auto parts. Other processes, such as AM, HIP, and MIM, are experiencing faster penetration than the press and sinter.
Primary and secondary research is used to identify industry leaders, and primary and secondary research are used to estimate market revenue. As part of the main research, in-depth interviews with key thought leaders and industry professionals, such as seasoned front-line employees and marketing personnel, were done. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing personnel were conducted as part of the primary study. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing personnel. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing personnel. Secondary data is utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data. The players highlighted in this report are as follows:
1. Sandvik AB
2. ATI Powder Metals
3. AMG Advanced Metallurgical Group
4. Rio Tinto Plc
5. American Axle & Manufacturing, Inc.
6. Carpenter Powdered Products
7. Showa Denko Materials
8. GKN Plc
9. Praxair Surface Technologies Inc.,
10. Aubert & Duval
11. Hoganas AB
12. voestalpine BÖHLER Edelstahl GmbH & Co KG
13. Royal Metal Powders
14. Australian Metal Powders Supplies Pty Ltd.
15. CNPC Powder Group Co., Ltd.
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The research includes both qualitative and quantitative data and provides an in-depth look into the Metal Powder industrial sector by region. It provides an overview and prediction of the global Metal Powder market segment by segment. It also projects and estimates the market size for five key regions from 2021 to 2027: North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. The Metal Powder market in each area is further segmented into regions and sectors. The research studies and anticipates a wide range of nations, as well as current trends and opportunities in the sector.
COVID-19 Impact Analysis on Metal Powder Market:
We investigated and analyzed the Global Metal Powder Business Expansion Strategy post-COVID-19, by organizational strategic analysis, landscape, category, utilization, and leading countries, which encapsulates and analyses the global Metal Powder industry's potential, providing statistical data on market trends, growth regulators, major challenges, PORTER analysis, and market entry strategy analysis, prospects, and forecasts. The primary goal of the study is to provide industrial enterprises with a strategic analysis of COVID-19's impact. Simultaneously, this research examined key nations' marketplaces and emphasized their market potential in post-pandemic situations.
Key Questions Answered in the Metal Powder Market Report are:
What are the most promising high-growth opportunities in the global Metal Powder sector, as defined by product category, End User, and Region?
Which Metal Powder market segments will expand the fastest, and why?
Which regions will have the fastest growth, and why?
What are the primary elements influencing Metal Powder market dynamics? What are the primary drivers and obstacles in the Metal Powder market?
What are the Metal Powder market's weaknesses and threats?
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