Global Metal Powder Market is Expected to Grow at a CAGR of 4.3% in the Forecast Period of 2024-2032.

In the forecast period, the global metal powder market is expected to witness a moderate single-digit growth in both developed and developing economies. Due to the increasing use of metal powder in application sectors such as the automotive, transportation, and logistics sectors, along with other industrial sectors like automotive component manufacturing, metal injection moulding, metallic filters, and others, the global metal powder market is expected to be propelled forward in the coming years.

Along with the widespread use of ferrous metal powder all over the world, non-ferrous metal powder is also gaining popularity across different end-use industries. The rapid growth in the usage of the metal powder on a regular basis has been triggered by a number of factors such as an increased focus on titanium-based powder across the globe, technological advancements, and increased demand for sustainable products in order to avoid the harmful impacts on the environment.

In September 2020, an MoU was signed between one of the world's largest iron-ore producers, Rio Tinto (NYSE: RIO) and China's largest steel producer, China Baowu Steel Group, and Tsingua University, with the aim to develop and implement new methods to reduce carbon emissions to improve the environmental performance across the steel value chain. Such developments are expected to impact the metal powder market positively, with the promulgation of eco-consciousness among consumers.

The growing automotive industry in countries like China, India, and Japan has led to the Asia Pacific becoming a significant region in the overall global metal powder market. China is a major market for metal powder within the Asia Pacific due to the availability of low-cost labour and incentive policies implemented by the Government of China, which are supporting the growth of the major automotive, along with electrical and electronics manufacturers, which, in turn, is also strengthening the position of the country as a major metal powder market.

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Market Analysis by Metal Form, Type, Production Method, Compaction Technique, and Region:

• Based on metal form, the industry can be divided into scrap/recycled metal and ores/pure metal.
• The market on the basis of type can be divided into ferrous metal powder and non-ferrous metal powder, among others.
• Metal powder can be produced through physical, chemical, and mechanical methods.
• Based on the compaction technique, the industry can be divided into cold compaction and hot compaction.
• Regionally, the global metal powder market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global metal powder market is driven by the increased demand from end-user industries and advancements in the metal powder sector.
• The growth in the significance of powder metallurgy is expected to augment the market growth in the coming years.
• The increase in the manufacturers' focus on turning metal powders into useful engineering parts is further invigorating the metal powder market growth.
• The ease of obtaining required shapes from metal powders as compared to strong metals is enhancing the market growth further.

Key Offerings of the Report:

• The EMR report gives an overview of the global metal powder market for the periods (2018-2023) and (2024-2032).
• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the metal forms, types, production methods, compaction techniques, and major regions of metal powder.
• The market report also analyses the trade data by covering the major importing and exporting countries. 
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter's Five Forces models.

The major players in the global metal powder market are Sandvik AB, CRS Holdings Inc., RIO Tinto Ltd, Allegheny Technologies Incorporated, Alcoa Inc., and Hoganas AB, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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