Metal Powder Market Size, Share By Product (Ferrous and Non-ferrous), By Application (Healthcare, Automotive, Aerospace & Defense and Others), By Technology (Press & Sinter, Additive Manufacturing, Metal Injection Molding and Others) - Global Industry Analysis, Trends, Growth, Segment Forecasts, Regional Outlook 2020 - 2027

The global metal powder market was valued at US$ 5.27 billion in 2019 and is predicted to surpass around US$ 8.52 billion by the end of 2027, representing impressive CAGR of 6.19% during the forecast period 2020 to 2027.

Metal Powder Market Size 2016 to 2027

Key market Insights:

Metal powders are effectively employed in a broad spectrum of applications such as welding, chemical, metallurgical processes, iron fortification, and friction among others. Augmented output in numerous crucial industries such as batteries, motor vehicles, electrical equipment, and machinery manufacturing will remain key driving force for growth of this market.

Substantial growth of metal powders market across globe is mainly attributed to noteworthy growth of the manufacturing sector in established and emerging nations. Growing R&D expenditure, technological progressions, and substantial upsurge in aerospace and automotive production capacities also have caused augmented need for metal powder worldwide.

Decisive factors accountable for market growth are:

  • Rise in the manufacturing output of industrial and automotive component is estimated to generate demand for metal in these industries.
  • Intensifying need for lightweight components in the automotive industry has offered stimulus for the growth of the global metal powder market.
  • Augmented efficiency of metal is probable to emphasize the requirement for metal powder within automotive component manufacturing sector

Significant Market Trends:

Ferrous Emerged as The Largest Segment and Accounted for Major Market Share In 2019

The ferrous segment involves metal powders encompassing of all kinds of steel and their alloys, iron and alloying elements including molybdenum, nickel, and chromium. Steel is one of the inexpensive types of metal in additive manufacturing and find application in a mixture with other metals like bronze.The non-ferrous product segment comprises metal powders made of copper, zinc, aluminum, tungsten, titanium, magnesium, and others

Aerospace and Defense Application Sector Dominated Metal Powder Market Revenue

Aerospace and defense sector reported for significant revenue stake of the total metal powder market. Players involved in the metal powder market are rapidly undertaking expansion activities via numerous partnerships and joint ventures. In July 2020, MDA Corporation collaborated with BurloakTechnologies with the help of 5 years agreement to develop space applications with the help of additive manufacturing. This contract is projected to benefit both companies improve design and manufacturing competences during years to come.

Press and Sinter Technology Segment Occupied Major Volume Share of Above 90% in 2019.

Press and sinter is a traditional powder metallurgy process. It is cheap and yields near-net-shape components. It encompasses thermal treatment or compaction at a temperature lesser than the melting point of metal to harvest a green compact.

North America is Estimated to be the Largest Market for Metal Powder

This research report covers crucial trends and projections of metal powder products across diverse geographical regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Asia Pacific led the global metal powder market in 2019 with substantial market share. This growth is credited to intensification in population, upsurge in disposable income, and development in spending in the electrical & electronics sector. India, China, and Japan are key contributors to the metal powder market in this region.

Global Metal Powder Market 2020 to 2027

Top Players contending in the Market:

Huge capital investments and continuing technological progressions in the metal powder market are projected to lower the risk of new entrants in the market. There is forceful competition amongst metal powder manufacturers in the North America and Europe on account of occurrence of a large number of local and international companies. Metal powder producers are concentrating on the development of their production competences to furnish to the increasing demand for metal powder, and to augment their footmark in the worldwide market. Leading competitors contending in global metal powder market are as follows:

  • Advanced Technology & Materials Co., Ltd
  • MolyWorks Materials Corporation
  • GKN PLC
  • Rio Tinto Metal Powders
  • Hoganas AB
  • POLEMA
  • Rusal
  • Liberty House Group
  • Sandvik AB

In order to better recognize the current status of acceptance of metal powder, and policies adopted by the foremost countries, Precedence Research projected the future evolution of the metal powder market. This research study bids qualitative and quantitative insights on metal powder market and valuation of market size and growth trend for budding market segments.

Major Market Segments Covered:

By Type

  • Ferrous
  • Non-ferrous

By Technology

  • Press & Sinter
  • Additive Manufacturing
  • Metal Injection Molding
  • Others

By Application

  • Healthcare
  • Automotive
  • Aerospace & Defense
  • Others

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World
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FAQ's

How much is the metal powder market worth?
According to Precedence Research, the global metal powder market size valued at US$ 5.27 billion in 2019 and is expected to hit around US$ 8.52 billion by the end of 2027.
The global metal powder market is representing impressive CAGR of 6.19% during the forecast period 2020 to 2027.
The metal powder sector is a familiar metal forming technology that contends directly with other metalworking practices like forging, casting, screw machining and stamping (fine blanking). The industry encompasses parts makers, powder suppliers and vendors that provide the powder handling equipment, mixing equipment, sintering furnaces, compacting presses and others.
Crucial players functioning in the global metal powder market comprise Höganäs AB, Rio Tinto, Sandvik AB, GKN Plc., GGP Metal powder AG, JFE Holdings, Inc., BASF SE, Vale S.A, Metal Powder Company Ltd., Alcoa Corporation, Sarda Industrial Enterprises, MMP Industries Ltd and The Arasan Aluminium Industries (P) Ltd among others.
Ferrous emerged as the largest segment and accounted for major market share In 2019.
Aerospace and defense sector reported for significant revenue stake of the total metal powder market.
North America is estimated to be the largest metal powder market.
Increase in the requirement for structural components in numerous applications like motorcycles, agriculture machinery, automotive parts and home appliances is advancing the growth of the global metal powder market.

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