Demand for Metal Powder Is Projected to Top a Valuation of Us$ 32.7 Billion by 2032
New opportunities that were previously unrealized are now becoming possible thanks to metal additive manufacturing. With the help of metal additive manufacturing, multiple production steps have been replaced with just one step, which is enabling mass customization. The performance of parts has improved thanks to additive manufacturing as well as production process efficiency. The global metal powder market is estimated at US$ 17.6 Bn in 2022 and is projected to top a valuation of US$ 32.7 Bn by 2032, expanding at a CAGR of 6.3% from 2022-2032.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. The investigators at Fact.MR has used extensive rounds of both essential and optional research to arrive at various assessments and projections for the Demand of the Metal Powder Market both at worldwide and provincial levels.
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Market Players: –
- AMG Advanced Metallurgical Group N.V.
- ATI Powder Metals
- Aubert & Duval
- Australian metal powder Supplies Pty Ltd
- Carpenter Powder Products
- GKN Plc
- Global metal powder
- Heraeus
- Hitachi Chemical Co., Ltd.
- Hoganas AB
- Industrial Metal Powder Pvt Ltd
- LPW Technology Ltd
- Makin metal powder
- Metaldyne Performance Group Inc.
- Praxair Surface Technologies
- Rio Tinto metal powder
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Key partners in the Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.
Competitive landscape
The market is highly competitive in nature with leading manufacturers of metal powder such as AMG Advanced Metallurgical Group N.V., Australian Metal Powder Supplies Pty Ltd, ATI Powder Metals, Aubert & Duval, Carpenter Powder Products, GKN Plc, Global metal powder, Heraeus, Hitachi Chemical Co., Ltd., Hoganas AB, Industrial Metal Powder Pvt Ltd, LPW Technology Ltd, Makin metal powder, Metaldyne Performance Group Inc., Praxair Surface Technologies, Rio Tinto metal powder, Royal metal powder, Inc., S.T. Technology, Inc., Sagwell, Sandvik AB, US metal powder Inc., and voestalpine BOHLER Edelstahl GmbH & Co KG.
Key market players of metal powder are making strategic moves to increase their market share by broadening their existing AM portfolio capability and focusing on acquisitions or collaborations with AM-specific powder-related companies.
For instance, Carpenter Technology made three significant acquisitions of AM-specific companies – LPW Technology and CalRAM in 2018, and Puris LLC in 2017.
To maintain competitiveness and brand image, manufacturers are also focused on developing and offering application-based products.
- Höganäs AB, one of the leading manufacturers of metal powder, offers high-quality products for powder metallurgy.
- LPW Technology Ltd is a leading manufacturer of ultra-clean additive manufacturing metal powder.
Metal Powder Industry Survey – Key Segments
- By Material Type:
- Metals
- Iron
- Copper
- Nickel
- Aluminium
- Others (Chromium, Cobalt, Manganese, Titanium, etc.)
- Metal Alloy
- Stainless Steel
- Silicon-iron
- Nickel-iron
- Others
- Metals
- By Production Technology:
- Solid State Reduction
- Atomization
- Electrolysis
- Others
- By Application:
- Metal Powder for Additive Manufacturing
- Metal Powder for Alloying and Plating
- Metal Powder for Tool Manufacturing
- Metal Powder for Catalysts
- Metal Powder for Powder Metallurgy
- Press & sinter
- Hot Isostatic Pressing (HIP)
- Hard Materials
- Others
- Metal Powder for MIM
- Others
- By End-use Industry:
- Metal Powder for Aerospace & Defense
- Metal Powder for Automotive
- Metal Powder for Oil & Gas
- Metal Powder for Medical Use
- Metal Powder for Building & Construction
- Others
- By Region:
- North America Metal Powder Market
- Latin America Metal Powder Market
- Europe Metal Powder Market
- East Asia Metal Powder Market
- South Asia & Oceania Metal Powder Market
- Middle East & Africa Metal Powder Market
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The data provided in the Metal Powder Market report offers a comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with an analysis of diverse offerings by market players. The main motive of this report is to assist enterprises in making data-driven decisions and strategizing their business moves.
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