Metal Powder Market

Market Overview:

The global metal powder market size is expected to exhibit a growth rate (CAGR) of 4.61% during 2024-2032. The growing application in the automotive industry, rising utilization of iron powder, and increasing demand for structural components in various applications represent some of the key factors driving the market.

Metal powders are alloys of metals that are processed into a fine and grain-like powder through several processes, such as atomization, chemical, electrolysis, and solid-state reduction. They are manufactured from stainless steel, brass, copper, iron, and bronze to achieve the desired material properties and characteristics for a particular application. They consume less energy, improve material utilization, and contain fewer steps during the manufacturing process. They are used to produce complex geometries, such as irregular curves, radial projections, keyways, splines, counterbores, bosses, and axial projections. They are also employed in powder metallurgy to make metal parts and components by heating compacted powdered metals below the melting point. They offer reduced manufacturing time, cost efficiency, high volume capability, minimal wastage, and enhanced recyclability. As a result, metal powders find applications in chemical processes, food supplements and additions, friction materials, magnetic composites, polymer filtration, printing, surface coatings, and welding.

Metal Powder Market Trends:

At present, there is a rise in the utilization of metal powders to manufacture gears, shock absorbers, anti-lock braking systems (ABS), exhaust systems, chassis components, variable valve timing systems, exhaust gas recirculation (EGR) systems, and turbochargers. This, along with the increasing demand for metal powders to produce lightweight parts in the automotive industry, represents one of the key factors supporting the growth of the market. In addition, the growing employment of iron powder for making brake pads and magnetic products to lower brake weight, minimize noise, and reduce material usage is positively influencing the market. Besides this, the escalating demand for metal powders to improve the bulk properties of complex components, such as reactivity, flow ability, compressibility, porosity, and hardenability, is propelling the growth of the market. Moreover, there is an increase in the demand for structural components in various applications, such as agriculture machinery, motorcycles, and home appliances, around the world. This, coupled with the growing demand for lighter and thinner components with higher dimensional precision, sintering, and thermal processing, is offering a favorable market outlook. Apart from this, the increasing application of metal powders in electronic devices, such as electric car batteries and electronic gadgets, is strengthening the growth of the market. Additionally, the rising demand for metal powders in the healthcare industry to produce connecting and blacking plates, surgery blades, forceps, graspers, and blacking hooks is bolstering the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global metal powder market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on material, technology and application.

Material Insights:

• Ferrous
• Non-Ferrous
   

The report has provided a detailed breakup and analysis of the metal powder market based on the ferrous and non-ferrous. This includes ferrous and non-ferrous. According to the report, ferrous represented the largest segment.

Technology Insights:

• Pressing and Sintering
• Metal Injection Molding
• Additive Manufacturing
• Others
   

A detailed breakup and analysis of the metal powder market based on the technology has also been provided in the report. This includes pressing and sintering, metal injection molding, additive manufacturing, and others. According to the report, pressing and sintering accounted for the largest market share.

Application Insights:

• Automotive
• Aerospace and Defense
• Healthcare
• Others
   

A detailed breakup and analysis of the metal powder market based on the application has also been provided in the report. This includes automotive, aerospace and defense, healthcare, and others. According to the report, automotive accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others) was the largest market for metal powder. Some of the factors driving the Asia Pacific metal powder market included the growing demand for metal powder for additive manufacturing, rising number of small and medium-sized component manufacturers, thriving automotive and aerospace industries, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global metal powder market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Advanced Technology & Materials Co. Ltd., Allegheny Technologies Incorporated, Carpenter Technology Corporation, GKN Sinter Metals Engineering GmbH (Melrose Industries), Höganäs AB, LIBERTY Steel Group, Molyworks Materials Corporation, Polema, RusAL, Sandvik AB, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the metal powder market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global metal powder market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the metal powder industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.