Global Market Study on Metal Powder: Applicability in Additive Manufacturing to Create Lucrative Growth Opportunities, Particularly in East Asian Market


Metal Powder  Market
  • Published On : Apr-2019 |
  • Pages : 285 Pages |
  • Format : Metal Powder  Market Metal Powder  Market Metal Powder  Market Metal Powder  Market

Global Metal Powder Market – Key Research Findings

  1. The global metal powder market surpassed the revenues of US$ 4.4 Bn at the end of 2018, and is projected to grow at a 3% CAGR over 2018–2028.
  2. In terms of demand, the powder metallurgy application is estimated to maintain its dominance in the global metal powder over the forecast period.
    • This is mainly attributed to the significant growth of the manufacturing sector in developed and developing countries.
    • Increasing R&D spending, technological advancements, and significant rise in automotive & aerospace production capacities also have resulted into an increase in the demand for metal powder across the globe.
    • Moreover, the increasing demand for lightweight components in the automotive sector has provided an impetus for the growth of the metal powder market.
  3. North America and Europe markets are estimated to register slow growth, whereas, East Asia is projected to register healthy growth, and will surpass Europe by the end of the forecast period.
    • North America and Europe markets are at mature stages, and are estimated to register slow growth over the forecast period. Both regions, together, are expected to account for over 65% of the global market in 2018.
    • Moreover, the healthy growth of the automotive and aerospace industries, coupled with the shifting of the manufacturing industry towards the East Asia region, especially China, is expected to drive the growth of the metal powder market.
  4. Across the globe, the atomization process is mainly preferred by metal powder manufacturers, owing to fine and uniform-sized metal powder production, coupled with the economic advantage of the process, which, in turn, provides a competitive edge over the other processes.

Key Factors Driving the Growth of the Metal Powder Market

  • Increasing adoption of additive manufacturing and rising demand for lightweight components in the automotive sector
  • Additive manufacturing is also known as 3-D printing, which is the imprinting of excellent shades in the manufacturing sector, owing to the phasing in of cutting-edge technologies such as digitalization to cope up with this additive manufacturing that is used with metal powder to make a 3D prototype product.
  • Regarding prototypes, numerous researches are being done pertaining to aerodynamic effects and side effects, among others.
  • Several advantages such as economic benefits, rapid testing, and easy designing, among others, are leading to 3D-printing technology being accepted in the automotive industry. It is estimated that the 3D-printing market will register double digit growth over the forecast period.
  • In automotive industries, lightweight material is gaining significant traction, owing to its beneficial properties such as high accuracy and more expected life, among others.
  • In addition, materials that are light in weight, such as high-strength steel, aluminum (Al) alloys, magnesium (Mg) alloys, polymer composites, and carbon fiber are capable of directly reducing the overall weight of the body and chassis of a vehicle by up to 50%, which, in turn, is expected to drive the demand for metal powder in the automotive Industry.
  • The growing adoption of additive manufacturing in healthcare and aerospace industries.
  • Additive manufacturing or 3D-printing technology is gaining plenty of traction in the medical sector to make accurate medical equipment so as to perform flawless critical operations in less time.
  • For instance, recently, the U.S. Food and Drug Administration (FDA) approved spinal implants made from titanium alloys with 3D-printing technology.
  • The rising adoption of 3D-printing technology in various end-user industries is thus highly likely to drive the growth of the metal powder market over the forecast period.

Global Metal Powder Market Structure

  • Quantity of metal powder, specification of metal powder, procurement terms, and contractual nature between suppliers and end users are some of the vital factors that affect the prices of metal powder.
  • In the metal powder market, organized players accounted around 35-40% of the market, whereas, the rest was accounted for by un-organized players in 2017. In the markets in North America and Europe, there is intense competition among metal powder manufacturers, owing to the presence of a large number of local/regional and global players in these regions.
  • Metal powder manufacturers are focusing on the expansion of their production capabilities to cater to the rising demand for metal powder, and to enhance their footprint in the global market. 

Persistence Market Research (PMR) conveys an in-depth analysis of the global metal powder market, in its report titled, 'Metal Powder: Global Industry Analysis 2013–2017 and Forecast 2018–2028'. The preliminary objective of this report is to deliver detailed analysis and insights pertaining to the global metal powder market. To evaluate the market value of metal powder, we have considered FY 2017 as the base year, and market values have been assessed by keeping in mind the trends, driving factors, and key developments by primary market participants. The compound annual growth rate (CAGR) for metal powder is derived for the period 2018 to 2028.

Metal powder is used with additive manufacturing to create complex objects such as aircraft engine parts, automotive components, and medical implants. The technique uses metal powders (such as iron powder, aluminium powder, and titanium powder) to make objects from 3D model data by the addition of thousands of minuscule layers, which combine to create the product. In this report, we have categorized the market into five different segments - material, process, application, end-use industry, and region.

Market Segmentation

By Material

By Process

By Application

By End-use Industry

By Region

  • Aluminum
  • Copper
  • Iron
  • Molybdenum
  • Nickel
  • Stainless Steel
  • Tungsten & Tungsten Carbide
  • Others
  • Atomization
  • Solid State Reduction
  • Electrolysis
  • Others
  • Powder Metallurgy
  • Press & Sinter
  • Hot Isostatic Pressing (HIP)
  • Hard Materials
  • Others (Diamond Tools & Others)
  • Metal Injection Molding (MIM)
  • Additive Manufacturing
  • Others
  • Automotive
  • Aerospace & Defense
  • Medical
  • Building & Construction
  • Others
  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Emerging Country
  • China
  • India
  • Mexico

This global metal powder market report consists of more than 20 sections that convey the market numbers in terms of volume in tons and value in US$ Mn at the regional and global levels. The global metal powder market report starts with an executive summary that highlights the trends being witnessed in the market from the demand side as well as supply side. The next section provides the global metal powder market introduction; including market definitions of the segments considered; market taxonomy by material, process, application, end-use industry, and region; and additional information crucial for the market.

In the succeeding section of the global metal powder market report, we have provided market viewpoints, including macroeconomic factors, forecast factors, Porter’s analysis, and value chain analysis, along with the regulatory Scenario. The following section of the Global metal powder market report includes the global industry analysis by volume and value, along with pricing analysis for North America, Latin America, Europe, East Asia, South Asia Pacific, and the Middle East & Africa. The next section of the global metal powder market report comprises qualitative and quantitative analysis of the metal powder market by every segment of the market.

The metal powder market report lays emphasis on evaluating the market opportunities and getting a complete understanding of the metal powder market. The metal powder market report specifies on the regional analysis, market dynamics, and market structure and competition landscape of the metal powder market for the next ten years, i.e. 2018-2028.

Each section of the metal powder market report includes qualitative and quantitative assessment of the market on the basis of historical data or developments and facts, and key opinions collected from various end-use industry participants through primary interviews, annual reports, newsletters, press releases, etc. The report on the global metal powder market analysis includes some of the major players in the metal powder market, such as Sandvik AB, ATI Powder Metals, Hitachi Chemical Co., Ltd., Rio Tinto Plc., GKN plc., Praxair Surface Technologies Inc., Höganäs AB, and Rolex Metal Powder Products Ltd., among others.

Research Methodology

During the early analysis phase of this report, product mapping relating to the companies engaged in the metal powder market was carried out, which is essential for understanding the market scenario. Further, the application areas of different products were analyzed through primary and secondary research. The further stages of research comprised the counter validation of data collected by the top-down and bottom-up approach. To analyze the market trends and opportunities for metal powder manufacturers, the global metal powder market has been segmented on the basis of material, process, application, end-use industry, and region.

For the analysis of consumption, we have considered FY 2017 as the base year. Basic data was collected from manufacturers’ annual reports, newsletters, public reports published by government as well as private agencies, World Bank’s sources, OICA & IEA sources, Trade Map sources etc. Further, the collected data was counter validated through primary research techniques that involved manufacturers, distributors, end-user procurement agencies, and regional representatives. For the final analysis of market data, we considered demand-side as well as supply-side drivers and trends in various regional markets. We have forecasted the market data on the basis of key developments, regional trends, and production-consumption scenario of metal powder.

Companies covered in Metal Powder Market Report

Company Profiles:

  • Sandvik AB
  • GKN PLC
  • Hitachi Chemical Co., Ltd.
  • ATI Powder Metals
  • Praxair Surface Technologies Inc.
  • Höganäs AB
  • AMG Advanced Metallurgical Group
  • Rio Tinto Plc
  • voestalpine BÖHLER Edelstahl GmbH & Co KG
  • Aubert & Duval
  • American Axle & Manufacturing, Inc.
  • Carpenter Powered Products
  • Royal Metal Powders
  • Australian Metal Powders Supplies Pty Ltd.
  • CNPC Powder Group Co., Ltd
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