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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Metal Powder Market Outlook
The global metal powder market is expected to reach USD 6.95 billion by 2032, growing at a CAGR of 4.3% over the forecast period of 2024-2032.
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It is estimated that China will develop at a faster rate in comparison to other nations due to its rapid economic growth, increasing demand from end-user sectors, and fast urbanisation, thus, propelling the industry growth in the Asia Pacific region and aiding the global metal powder market.
Market Segmentation
The global metal powder market can be divided based on segments like metal forms, types, production methods, and compaction techniques.
The industry can be divided based on its metal form as scrap/recycled metal and ores/pure metal. The industry can be divided on the basis of its types as ferrous metal powder and non-ferrous metal powder, among others. The industry can be divided based on its production method into physical method, chemical method, and mechanical method.
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The industry can be broadly categorised on the basis of its compaction technique into:
- Cold Compaction
- Hot Compaction
The EMR report looks into the regional metal powder markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
Market Analysis
The growing demand from end-user industries and advancements in the metal powder sector are accelerating the industry's development. The growing significance of powder metallurgy has set the stage for the colossal production of metal powders, mainly iron and steel, closely trailed by aluminium, copper, and nickel. The increased manufacturers' focus on turning metal powders into useful parts of engineering is boosting the metal powder market growth. As with metal powders it is comparatively easier to obtain the required shapes from strong metals, that otherwise is impossible to produce, the sales of metal powders is likely to increase over the forecast period, aiding the overall industry growth.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global metal powder market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Sandvik AB
- CRS Holdings Inc.
- RIO Tinto Ltd
- Allegheny Technologies Incorporated
- Alcoa Inc.
- Hoganas AB
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Metal Form |
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| Breakup by Type |
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| Breakup by Production Method |
|
| Breakup by Compaction Technique |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global metal powder market is projected to grow at a CAGR of 4.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 6.95 billion by 2032.
The key drivers of the market include rapid economic growth, increasing demand of metal powder from various end-use sectors, and rapid urbanisation.
The key trend guiding the market growth include the growing significance of powder metallurgy, the increasing colossal production of metal powders, and technological advancements and innovations.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Scrap/recycled metal and ores/pure metal are the significant forms of the product considered in the market report.
Ferrous and non-ferrous metal powder, among others, are the significant types of the product in the market.
Physical method, chemical method, and mechanical method are the major production methods of the product considered in the market report.
The various compaction techniques of metal powder considered in the market report are cold compaction and hot compaction.
The major players in the market are Sandvik AB, CRS Holdings Inc., Rio Tinto plc, Allegheny Technologies (ATI), Höganäs AB, and Alcoa Inc., among others.
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