Metal Powder Market was valued at USD 12.3 Billion in 2022 and is projected to reach USD 22.5 Billion by 2030, growing at a CAGR of 8.3% from 2024 to 2030.
The global metal powder market was valued at approximately USD 12.5 billion in 2022, with a robust compound annual growth rate (CAGR) of 6.5% projected from 2023 to 2030. This growth is driven by the increasing demand for advanced manufacturing technologies, particularly in aerospace and automotive sectors, where metal powders are crucial for additive manufacturing and precision engineering. The automotive segment, in particular, has seen substantial adoption of metal powder technologies for producing lightweight components, which is expected to further boost market expansion. Additionally, the rise in the use of metal powders for 3D printing applications and the proliferation of new applications in medical and electronics industries contribute significantly to market growth.
Emerging markets are anticipated to present significant opportunities for growth in the metal powder sector. Regions such as Asia-Pacific and Latin America are experiencing rapid industrialization and technological advancements, leading to increased adoption of metal powders in various manufacturing processes. The Asia-Pacific market, in particular, is projected to grow at a higher CAGR due to expanding manufacturing bases and rising investments in infrastructure development. Furthermore, advancements in metal powder production technologies, such as the development of high-performance alloys and innovative powder production techniques, are expected to create new growth avenues and drive market dynamics in the coming years.
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Hoganas
GKN Hoeganaes
QMP
Laiwu Iron & Steel
JFE
Jiande Yitong
WISCO PM
Alcoa
Shandong Xinfa
Hunan Jiweixin
GGP Metalpowder
SCM Metal Products
Chongqing HuaHao
Vale
Jien Nickel
Xiamen Tungsten
Daido
Ametek
BASF
Sandvik AB
Carpenter Technology
Kennametal
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Metal Powder Market
Automotive
Consumer Goods
Machinery
Others
Based on Types the Market is categorized into Below types that held the largest Metal Powder market share In 2023.
Iron and Steel
Aluminum
Copper
Nickel
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Metal Powder Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Metal Powder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Metal Powder Market, By Type
6. Global Metal Powder Market, By Application
7. Global Metal Powder Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Metal Powder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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