Metal Powder Market

Global Market Study on Metal Powder: Lucrative Opportunities Await Market Players from Automotive Industry

About the Report

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, aluminum powder, and titanium powder) to make objects from 3D model data by the addition of thousands of minuscule layers, which combine to create the end product. The automotive industry has witnessed substantial growth in recent decades. This growth is expected to persist over the coming years, owing increasing demand for automotive parts and vehicles across the globe. Metal powder finds application in powder metallurgy, metal injection molding, additive manufacturing, etc. As such, growth in end-user industries is creating lucrative prospects for suppliers of metal powder. Furthermore, awareness pertaining lightweight material is gaining significant traction, owing to its beneficial properties, and, as such, demand for metal powder is mostly driven by lightweight component usage.

In its revised study, Persistence Market Research offers insights about key factors driving demand for metal powder. The report tracks the global sales of metal powder in 20+ high-growth markets, which reveals that North America and Europe lead the pecking order. It also analyzes the impact COVID-19 has had on various related industries in general, and on metal powder particular.

In its new study, Persistence Market Research offers insights about key factors driving demand for metal powder. The report tracks the global sales of metal powder in 20+ high-growth markets, which reveals that North America and Europe lead the pecking order. It also analyzes the impact COVID-19 has had on various related industries in general, and the metal powder market particular.

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Companies

  • 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

Historical Trends V.S Future Market Outlook

The automotive industry has traditionally been the most significant end user of metal powder. However, the market continues to develop due to upsurge in demand for metal powder for additive manufacturing, powder metallurgy, metal injection molding, etc. Increasing demand for lightweight metal parts in automotive as well as aerospace & defense are benefitting metal powder, which will lead to steady demand over the coming years.

Key metal powder manufacturers are engaged in acquisition, expansion, and collaboration for creating a strong foothold in this landscape. For instance, these key players are acquiring regional players, which helps them strengthen their footprints in regional markets across the globe.

Metal powder has been consistently implemented for automotive and aerospace & defense component manufacturing, which helps in reducing the weight of components by almost 50%. Also, increasing adoption of additive manufacturing in aerospace and healthcare industries is boosting demand for metal powder. But due to a slight slowdown in manufacturing and supply chain activities as a result of the ongoing COVID-19 pandemic, demand for metal powder has seen a decline. In regions such as South Asia & Pacific, Europe, and North America, with a number of end users affected, supply and demand shortages are expected to affect market growth. However, consumption will improve as economic recovery is expected after stabilization of the pandemic.

Persistence Market Research expects the global metal powder market to expand at a CAGR of over 3% through 2031.

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What is Aiding Demand Growth for Metal Powder?

Metal powder is used in various applications, including powder metallurgy, metal injection molding, and additive manufacturing. Demand is growing from end-use industries such as automotive, aerospace, medicine, and construction. Growing demand for lightweight components in automotive and aerospace is key driver for rising need for metal powder to be used. Also, 3D printing is opening new doors for metal powder, as additive manufacturing or 3D-printing technology is gaining importance in the medical sector to make accurate medical equipment so as to perform critical operations in less time.

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Why is R&D Key to Consolidation in the Market?

Metal Injection Molding (MIM) is a metal working process in which metallic powder is mixed with a binder material to create a feedstock. After that, this product is sent to be shaped and solidified using an injection molding process. The inherent aim to use metal injection molding with metal powder is to achieve high volume production in a single step with cutting-edge accuracy. Thus, metal injection molding is an efficacy trend in the market. This trend is projected to get imprinted in the market over the forecast period. Also, additive manufacturing or 3D-printing can reduce energy consumption up to an addressable percentage, which is mostly useful in construction and aerospace for making lightweight product.

Furthermore, together with long-term agreements with regional distributors, the establishment of sales and service facilities in developing countries is also paving the way for the expansion of channel scope.

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What are the Various Regulations for Metal Powder?

There are numerous standards for use and manufacturing of metal powder. The Metal Powder Industries Federation created the MPIF standard and guidelines for the use of metals powder in various applications. In the form of powder, metals are a higher risk as they can be self-reactive, flammable, and susceptible to release when handled. Therefore, there are certain norms for the disposing of metal powder. Also, various government regulate the standards for metal powder. Market players need to be aware of the various standards and regulations across region of the world.

Metal Powder Market

Country-wise Insights

Why Does the U.S. Dominate the Global Market for Metal Powder?

Persistence Market Research has projected the U.S. to be one of the most lucrative market over the course of the forecast period. There is growing demand from the automotive industry for lightweight component manufacturing, as 3D-printing technology is advancing and becoming more popular in various end-user industries, paving the way for the U.S. market to progress. For instance, in 2019, American Axle & Manufacturing, Inc., a U.S.-based company derived new technologies for driveline, axle, and AWD, thus increasing its product line. Such breakthroughs are leading to higher demand for metal powders, especially from the U.S. auto industry.

What is the Outlook on China for Metal Powder?

With growing demand from end-user industries, China is expected to be one of the prominent markets for powder metallurgy. One of the key factors supporting China’s market expansion is growth of the automotive industry in the country, as a large portion of China’s economy depends upon this industry; this has had a positive impact on the demand for metal powder. Key players are likely to grow their market share in China through collaboration efforts. For instance, in 2018, a U.S.-based company entered into a joint venture with Liuzhou Wuling Automobile Industry Co. Ltd. to manufacture driveline systems in China.

Which Industry Dominates Germany’s Market for Metal Powder?

The Germany powder metal market is mainly driven by the country’s powder metallurgy industry. The country’s powder metallurgy market is experiencing lucrative growth, owing to huge automotive and aerospace industry expenditure. As such, the metal powder market outlook is positive and healthy for Germany. Increasing use of 3D printing in the country is further paving the way for metal powder market expansion.

What is the Share of Japan in the Metal Powder Industry?

Japan’s government has opened the doors for investors from other countries, which is contributing to Japan’s growth in the market. As investments are rising in in automotive and medical equipment manufacturing, it is leading to consequent increase in metal powder demand. Japan holds a share of almost 10% of the global market for metal powder.

Will Demand for Metal Powder Increase in the U.K.?

The U.K is expected to witness significant growth over forecast period, owing to increasing investments by key players in the country in metal powder. For instance, in December 2020, U.K. based Rio Tinto Plc company invested US$ 8.4 Mn to expand the recycling capacity of its aluminum operations.

Furthermore, the automotive industry and medical sector are also expected to contribute significantly in terms of demand for metal powder over the next few years.

Category-wise Insights

Why is Demand for Iron Powder the Highest?

Over the forecast period, the iron powder segment will continue to account for more than 80% of the global share by material. According to Persistence Market Research, by the end of 2031, the segment is projected to hold almost 80% of the market. Owing to its versatile advantages as a filler material and in welding, its finds wide application across various end-use cases, including automotive and aerospace, which drives its dominant market share.

Why Do Powder Metallurgy Applications Hold Higher % Share?

Powder metallurgy is expected to witness the highest growth during the forecast period, accounting for more than 90% of the total market share. Segment growth is mainly due to various advantages offered by powder metal parts in vehicles. These parts show excellent controlled porosity and self-lubricating properties. For this reason, powder metallurgy is a widely preferred method of producing automotive components.

Opportunities for Market Players

According to Persistence Market Research, demand for metal powder in the automotive, aerospace, and defense sectors will lead to lucrative growth opportunities. In addition, demand for metal powder with new and advanced technology is aiding market expansion. End users such as aerospace, automotive, medical, and construction are increasingly demanding metal powder that can be used to make lightweight components.

Competitive Landscape

The market is dominated by a few, large-, medium-, and small-scale companies operating around the world. The top five players cumulatively account for 40% share in the global market. Most of these players have bases in Europe and North America, as regional policies are favoring private sector involvement in automotive technology development. Also, these players have a large pile of patents, which gives them an edge over small players and startups.

Companies operating in the market plan to acquire and collaborate strategically with end consumers and regional distributors to meet the needs of an expanding consumer base. Suppliers of metal powder adopt acquisition and regional expansion strategies to establish a foothold in new and fast-growing markets.

Some of the leading companies manufacturing metal powder are:

  • Sandvik AB
  • GKN PLC
  • 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.
  • Showa Denko Materials

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.

Scope of Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for Value and Tons for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • the Middle East & Africa

Key Countries Covered

  • US
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Vietnam
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Segments Covered

  • Material
  • Process
  • Application
  • End Use
  • Region

Key Companies Profiled

  • Sandvik AB
  • GKN PLC
  • 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.
  • Showa Denko Materials

Report Coverage

  • Market Forecasts
  • Brand Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Market Segmentation by Category

Material

  • Aluminum Powder
  • Copper Powder
  • Iron Powder
  • Molybdenum Powder
  • Nickel Powder
  • Stainless Steel Powder
  • Tungsten & Tungsten Carbide Powder
  • Others

Process

  • Atomization
  • Solid State Reduction
  • Electrolysis
  • Others

Application

  • Powder Metallurgy
  • Metal Injection Molding (MIM)
  • Additive Manufacturing
  • Others

End Use

  • Meta Powder for Automotive Industry
  • Meta Powder for Aerospace & Defense Sector
  • Meta Powder for Medical Sector
  • Meta Powder for Building & Construction
  • Others

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa

Key Questions Answered in Report

Q1. Which is the most lucrative market for metal powder?

China currently leads the global market for metal powder. The share of China will be over 30% of all the region over the forecast period.

Q2. Which is important type of metal powder?

Iron and tungsten & tungsten carbide are highly preferred for many applications. Demand for iron powder is expected to remain high in the near future, especially due to its proliferated usage across different applications in the automation and construction industry.

Q3. Which end-use application is demanding the most metal powder?

Metal powder is widely used in automotive industry and related applications. Its usage in medical, building, and construction is rising day by day.

Q4. Which are some of the leading companies providing metal powder?

Some of the leading companies manufacturing metal powder are Sandvik AB, GKN PLC, ATI Powder Metals, Praxair Surface Technologies Inc., Höganäs AB, and AMG Advanced Metallurgical Group.

Q5. Which material is driving the sales of metal powder?

Iron powder is driving the sales of metal powder, because it is frequently used for manufacturing magnets, various metal parts, and the in welding industry.

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