Metal Powder
Metal Powder size, Share, Forecast, & Trends Analysis by Metal Type (Ferrous, Non-Ferrous), Application (Additive Manufacturing, Pressing & Sintering, Others), Source
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Metal Powder Market to be Worth $10.2 Billion by 2031
Global Metal Powder Market - 2024 to 2031 Strong Growth Projected for Metal Powder Market by 2031 The latest report from Meticulous Research forecasts that the Metal Powder Market will reach $10.2 billion by 2031, growing at a 6.2% CAGR. Key drivers include the rising demand for additive manufacturing and increasing recycling of metal waste. However, health concerns related to metal powders pose a challenge to the market. Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5860 Opportunities in Lightweight Manufacturing Advancements in powder metallurgy and the increasing demand for lightweight components across industries are creating growth opportunities. The challenge lies in maintaining the quality and consistency of the powders produced. Dominance of Ferrous Metal Powders The market is segmented by metal type into ferrous and non-ferrous powders. Ferrous metal powders will account for over 65% of the market in 2024 due to their use in industries like defense and construction. The non-ferrous segment, however, will grow at the fastest rate, driven by advancements in composite materials. Pressing & Sintering Leads, Additive Manufacturing Grows Pressing & sintering will hold the largest market share among applications in 2024, due to its cost-efficiency. However, additive manufacturing will experience the fastest growth, with a 9% CAGR, fueled by innovations in lightweight part production. Sustainable Practices and Production Methods Page 1 of 3 Meticulous Research| sales@meticulousresearch.com
Global Metal Powder Market - 2024 to 2031 The recycled metal powder segment will hold a 56% share by 2024, reflecting increasing sustainability efforts. Mechanically produced powders will dominate, accounting for 44% of the market, due to their cost-effectiveness and flexibility. End-Use and Regional Market Insights Heavy machinery & tools will represent the largest share of the end-user market in 2024, while the aerospace & defense sector is expected to grow the fastest. Regionally, the Asia-Pacific market, driven by industrial expansion, will lead with a 37% share and the highest CAGR of 7.5%. Conclusion The metal powder market is poised for significant growth by 2031, supported by sustainability trends and manufacturing innovations. However, industry players must focus on overcoming quality control challenges and ensuring product safety to sustain this growth. Browse market-5860 in Depth https://www.meticulousresearch.com/product/metal-powder- Key Players: Some of the key players operating in the metal powder market are H gan s AB (Sweden), GKN Powder Metallurgy (U.K.), Advanced Technology & Materials Co., Ltd. (China), Sandvik AB (Sweden), AMETEK Inc. (U.S.), Tekna Holding ASA (Canada), BASF SE (Germany), Aubert & Duval (France), Alcoa Corporation (U.S.), ATI Inc. (U.S.), Carpenter Technology Corporation (U.S.), RusAL (Russia), Rio Tinto (U.K.), Kymera International (U.S.), and Praxair S.T. Technology, Inc. (U.S.) Key questions answered in the report- Which are the high-growth market segments based on metal type, application, source, production, and end user? What was the historical market for metal powder? What are the market forecasts and estimates for the period 2024 2031? What are the major drivers, restraints, and opportunities in the metal powder market? Who are the major players, and what shares do they hold in the metal powder market? What is the competitive landscape like in the metal powder market? What are the recent developments in the metal powder market? What are the different strategies adopted by the major players in the metal powder market? What are the key geographic trends, and which are the high-growth countries? Who are the local emerging players in the metal powder market, and how do they compete with the other players? Buy Now : https://www.meticulousresearch.com/Checkout/92563833 Page 2 of 3 Meticulous Research| sales@meticulousresearch.com
Global Metal Powder Market - 2024 to 2031 Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 Meticulous Research| sales@meticulousresearch.com
