The global metal powder market size is expected to reach USD 11.36 billion by 2030 according to a new study by Polaris Market Research. The report “Metal Powder Market Share, Size, Trends, Industry Analysis Report, By Production Method (Chemical, Mechanical, Physical); By Type (Ferrous, Non-Ferrous); By Application (Additive Manufacturing, Powder Metallurgy, Metal Injection Molding, Others); By End-Use; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing use of metal powders in end-use industries such as construction, automotive, aerospace, marine, and others to manufacture lightweight elements is expected to fuel the demand for these over the forecast period. Furthermore, rising trends of these dust use in 3D printing in order to decrease cost and increase durability is likely to propel the demand over the forecast period.
Increasing lightweight vehicle demand, technology advancement, rising adoption of additive manufacturing for producing durable, complex, and strong components are some factors expected to create a positive influence for the automotive sector.
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Asia Pacific is expected to dominate the industry during the forecast period due to increasing demand from end-use industries, including automotive and aerospace. Further, technology advancement along with increasing population is expected to fuel the market expansion.
Some of the key players operating in the global market include Alcoa Inc., Allegheny Technologies Incorporated, Advanced Technology (Bazhou) Special Powder Ltd, Carpenter Technology Corporation, BASF SE, Changsha Hualiu Metal Powders Ltd, GKN PLC, CNPC Powders, Yingtan Longding New Materials & Technologies Ltd. Hitachi Chemicals Co. Ltd., Metaldyne Performance Group, Hoganas AB, Miba AG, POLEMA, RIO Tinto, Pometon Powder, Sandvik AB, and others.
Polaris Market Research has segmented the metal powder market report on the basis of production method, type, application, end-use, and region:
Metal Powder, Production Method Outlook (Revenue – USD Billion, 2018 – 2030)
Metal Powder, Type Outlook (Revenue – USD Billion, 2018 – 2030)
Metal Powder, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- Additive Manufacturing
- Powder Metallurgy
- Metal Injection Molding
Metal Powder, End-Use Outlook (Revenue – USD Billion, 2018 – 2030)
- Aerospace and Defense
Metal Powder, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa