Metal Powder Market to be Worth $10.2 Billion by 2031

Metal Powder Market to be Worth $10.2 Billion by 2031

Global Metal Powder Market 2024-2031 Meticulous Research Unveils Comprehensive Forecast on the Metal Powder Market: A Deep Dive into Trends and Opportunities According to the latest publication from Meticulous Research , the Metal Powder Market is projected to reach $10.2 billion by 2031, exhibiting a robust CAGR of 6.2% from 2024 to 2031. This significant growth is attributed to the escalating demand for additive manufacturing (AM) and an intensified focus on recycling metal waste for producing metal powder. Despite the promising outlook, the market faces challenges such as the health hazards associated with metal powder usage. Geographical Analysis Geographically, the metal powder market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific In 2024, the Asia-Pacific region is expected to account for the largest share of above 37.0% of the market. This dominance is due to the presence of numerous manufacturing companies in China, South Korea, and Japan, coupled with the strong presence of automobile, industrial manufacturing, and electronics & semiconductor industries. The region's growth is also attributed to rising industrialization, growing urbanization, and increasing demand from the automotive sector. Furthermore, Asia-Pacific is projected to register the highest CAGR of 7.5% during the forecast period. Segmentation Analysis: 1.Metal Type Based on metal type, the metal powder market is segmented into ferrous and non-ferrous metal powders. I. Ferrous Metal Powder In 2024, the ferrous metal powder segment is expected to account for the larger share of above 65.0% of the market. The dominance of this segment is driven by the extensive use of ferrous metal powders in end-use industries such as defense, aerospace, construction, automotive, and healthcare. Ferrous metals, such as iron and steel, offer superior strength and Page 1 of 4 Meticulous Research| sales@meticulousresearch.com

Global Metal Powder Market 2024-2031 durability, making them ideal for various applications. Additionally, the growing preference for atomized iron powder in industrial raw materials further propels this segment's growth. II. Non-Ferrous Metal Powder The non-ferrous metal powder segment is projected to record the highest CAGR during the forecast period. This growth is fueled by the increasing use of composite materials in additive manufacturing and the rising popularity of titanium powders for aerospace and automotive applications. The development of new alloys with enhanced properties is also expected to drive the demand for non-ferrous metal powders. 2.Application Based on application, the metal powder market is divided into additive manufacturing, metal-injection molding, pressing & sintering, and other technologies. I. Pressing & Sintering In 2024, the pressing & sintering segment is anticipated to hold the largest share of the metal powder market. This segment's substantial share is attributed to its use in producing solid and strong parts with desired geometries from raw metal powders. The cost-effectiveness and increased production capacities of manufacturing companies also contribute to this segment's dominance. For instance, in February 2024, SAP PARTS Pvt. Ltd. (India) installed a new metal powder press at its sintering facility, enhancing its production capacity and improving the compaction process. II. Additive Manufacturing The additive manufacturing segment is expected to witness the highest CAGR of 9.0% during the forecast period. The growth is driven by the development of new alloys, increased use of AM for prototyping, jewelry-making, and the production of lightweight parts for industries such as aerospace, automotive, and defense. Companies are focusing on expanding metal powder production for AM applications. For example, in October 2021, Pometon S.p.A. (Italy) launched PometonPlus, a division specializing in the production of metal powders for additive manufacturing. 3.Source Based on the source, the metal powder market is categorized into pure/ore metal powder and recycled metal powder. I. Recycled Metal Powder In 2024, the recycled metal powder segment is expected to hold a larger share of above 56.0% of the market. This segment's growth is attributed to the increasing emphasis on sustainability and the creation of circular loops for metals. The development of metal powder recycling systems further supports this trend. The recycled metal powder segment is also anticipated to record the highest CAGR during the forecast period, driven by the use of scrap and discarded parts as feedstock for new powders and increased manufacturing activities. 4.Production Method The production methods for metal powder include chemical, mechanical, and physical methods. I. Mechanical Method In 2024, the mechanical method segment is projected to account for the largest share of above 44.0% of the market. This method involves grinding and crushing processes, which are cost-effective for producing metal powders. The segment is expected to record the highest CAGR during the forecast period, driven by the growing use of recycled metal powder and the ability of mechanical processes to obtain ultrafine powders of high melting point metals. Page 2 of 4 Meticulous Research| sales@meticulousresearch.com

Global Metal Powder Market 2024-2031 5.End User The end users of metal powder include automotive, aerospace & defense, heavy machinery & tools, medical & dental devices, oil & gas, chemical, construction, energy & power, transportation, and other industries. I. Heavy Machinery & Tools In 2024, the heavy machinery & tools segment is expected to hold the largest share of above 33.0% of the market. This segment's growth is driven by the use of metal powder in manufacturing heavy machinery and tools due to its material flexibility, application versatility, and cost-effectiveness. The increasing use of additive manufacturing for producing complex parts for heavy machinery and tools, along with the growth of composite materials in this sector, further supports this trend. II. Aerospace & Defense The aerospace & defense segment is anticipated to record the highest CAGR during the forecast period. This growth is attributed to the increasing use of metal powder for producing aerospace parts with high strength-to-weight ratios, the development of new consistent alloys, and the growing use of 3D printing for prototyping aircraft, spacecraft, and defense components. For More Information DOWNLOAD FREE PDF : https://www.meticulousresearch.com/download-sample- report/cp_id=5860 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.) Growing Demand for Additive Manufacturing and Recycling Initiatives Additive manufacturing (AM), commonly known as 3D printing, is revolutionizing the manufacturing landscape. The technology's ability to create complex and lightweight structures with high precision has driven its adoption across various industries, including aerospace, automotive, and healthcare. The increasing focus on sustainability has also led to the adoption of recycling initiatives, where metal waste is repurposed into metal powder. This not only conserves resources but also aligns with global sustainability goals. Challenges in Maintaining Quality and Consistency While the market is poised for growth, maintaining the quality and consistency of metal powders remains a significant challenge. Ensuring uniform particle size and composition is crucial for achieving the desired properties in the final product. Advances in powder metallurgy are expected to address these challenges, offering stakeholders in the market opportunities for innovation and development. Download Free SAMPLE REPORT : https://www.meticulousresearch.com/download-sample-report/cp_id=5860 Conclusion The metal powder market is on a path of significant growth, driven by advancements in additive manufacturing, recycling initiatives, and the development of new alloys. While challenges such as maintaining quality and consistency persist, Page 3 of 4 Meticulous Research| sales@meticulousresearch.com

Global Metal Powder Market 2024-2031 innovations in powder metallurgy offer promising solutions. The increasing adoption of metal powder across various industries underscores its versatility and potential for future growth. Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5860 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 FULL REPORT NOW : https://www.meticulousresearch.com/Checkout/92563833 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 4 of 4 Meticulous Research| sales@meticulousresearch.com