Metal powder

Metal Powder Market to be Worth $10.2 Billion by 2031

Global Metal Powder Market - 2024 to 2031 A recent report by Meticulous Research titled "Metal Powder Market by Metal Type (Ferrous, Non-Ferrous), Application (Additive Manufacturing, Pressing & Sintering, Others), Source, Production Method, End User (Automotive, Aerospace & Defense, Chemical, Others) & Geography Forecasts to 2031" provides in-depth insights into the growth prospects of the global metal powder market. The market is anticipated to grow to $10.2 billion by 2031, with a compound annual growth rate (CAGR) of 6.2% between 2024 and 2031. Factors contributing to this growth include the expanding use of additive manufacturing (AM) and the increased emphasis on recycling metal waste to produce metal powders. Despite these positive trends, health concerns related to the handling of metal powders present a challenge to market growth. The report highlights opportunities for growth due to the rising demand for lightweight parts in various industries and advances in powder metallurgy. However, maintaining consistent quality in metal powders remains a key challenge for manufacturers. Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5860 The market is categorized based on the type of metal powder, with segments including ferrous and non-ferrous powders. By 2024, ferrous metal powders are expected to account for over 65.0% of the total market share, primarily due to their widespread use in industries like automotive, aerospace, defense, and construction. The strength and durability of ferrous metals, along with the increasing demand for atomized iron powder in industrial applications, contribute to this segment's dominance. Conversely, the non-ferrous metal powder segment is projected to witness the highest growth during the forecast period. This is driven 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 further boosts the growth of this segment, as industries seek to leverage the unique properties of non-ferrous metals for advanced manufacturing processes. In termsof applications, the metal powder market is divided into additive manufacturing, pressing & sintering, metal injection molding, and other technologies. Pressing & sintering is expected to lead the market in 2024, largely due to its cost-efficiency and ability to produce solid, geometrically complex parts. Manufacturing companies are focusing on increasing production capacity in this segment, as evidenced by the recent installation of a new metal powder press by SAP PARTS Pvt. Ltd. in India in 2024. However, the additive manufacturing segment is projected to grow the fastest during the forecast period, with a CAGR of 9.0%. This growth is fueled by the increasing use of additive manufacturing for prototyping, jewelry production, and lightweight part manufacturing in industries such as aerospace, automotive, and defense. Companies are expanding their metal powder production for additive manufacturing, with initiatives like Pometon S.p.A.'s PometonPlus division, which focuses on developing specialized metal powders for AM. The market is further segmented by source into pure/ore metal powder and recycled metal powder. In 2024, the recycled metal powder segment is expected to hold a larger share of over 56.0%, driven by increasing attention to sustainability and the development of metal recycling systems. The recycled metal powder segment is also forecasted to record the highest growth during the forecast period, as manufacturers increasingly use scrap materials and discarded parts to produce new metal powders for additive manufacturing and other applications. Page 1 of 3 Meticulous Research| sales@meticulousresearch.com

Global Metal Powder Market - 2024 to 2031 Regarding production methods, the market is categorized into chemical, mechanical, and physical processes. Mechanical processes, such as grinding and crushing, are expected to dominate in 2024, with over 44.0% of the market share. These methods are cost-effective and widely used to produce metal powders, particularly for high-melting-point metals. The mechanical process segment is also expected to experience the highest growth rate during the forecast period, due to the increasing use of recycled metal powders and the ability of mechanical methods to produce ultrafine powders. The end-user segments for the metal powder market include automotive, aerospace & defense, heavy machinery, medical devices, oil & gas, chemical, construction, energy & power, and others. The heavy machinery and tools segment is expected to lead in 2024, accounting for more than 33.0% of the market share. This growth is driven by the increasing use of metal powders in heavy machinery manufacturing due to their flexibility, cost-effectiveness, and ability to produce complex parts. Additionally, additive manufacturing is being increasingly adopted for producing intricate machinery parts, further supporting the growth of this segment. The aerospace & defense sector is projected to exhibit the highest growth during the forecast period. Metal powders are extensively used to produce high-strength, lightweight parts for aircraft and defense equipment. The development of new, consistent alloys and the use of 3D printing for prototyping aerospace and defense components are key drivers for growth in this sector. From a geographic perspective, the metal powder market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to dominate the market in 2024, holding over 37.0% of the market share. The region's growth is fueled by its strong manufacturing base, particularly in China, South Korea, and Japan. The presence of major automotive, industrial manufacturing, and electronics companies further bolsters the region's market position. Additionally, rapid industrialization in Southeast Asia contributes to the growing demand for metal powders in the region. Asia-Pacific is also projected to have the highest CAGR of 7.5% during the forecast period. Factors such as urbanization, rising adoption of Industry 4.0 technologies, and increasing demand from the automotive sector are expected to drive growth in the region. In conclusion, the global metal powder market is poised for significant expansion, driven by rising demand across various industries and advancements in manufacturing technologies. However, the market must overcome challenges such as health risks and quality control issues to sustain its growth trajectory. Purchase Now : https://www.meticulousresearch.com/Checkout/92563833 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.) Page 2 of 3 Meticulous Research| sales@meticulousresearch.com

Global Metal Powder Market - 2024 to 2031 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? 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