Metal Powder Market Share, Size, Trends, Industry Analysis Report, By Production Method (Chemical, Mechanical, Physical); By Type (Ferrous, Non-Ferrous); By Application (Additive Manufacturing, Powder Metallurgy, Metal Injection Molding, Others); By End-Use; By Region; Segment Forecast, 2022 - 2030
- Published Date:Jan-2022
- Pages: 103
- Format: PDF
- Report ID: PM1832
- Base Year: 2021
- Historical Data: 2018 - 2020
Report Outlook
The global metal powder market was valued at USD 6.27 billion in 2021 and is expected to grow at a CAGR of 7.0% during the forecast period. Metal powders are extremely tailored substances that are utilized to create precise steel components having a variety of functional properties.
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The COVID-19 pandemic has halted the manufacturing sector which has impacted the market. Lockdowns and travel restrictions have led people to stay at home that has decreased the demand for these for manufacturing end-use products. Nevertheless, the demand for these has started increasing with the ease of restrictions and is expected to rise, which in turn is expected to fuel the market growth in the coming years.
Industry Dynamics
Growth Drivers
Additive manufacturing or 3D printing through powdered metal demand has been increasing over the past years due to strong functional properties, faster production coupled with its high reusability rate. Furthermore, a wide range of compatible materials along with cheaper costs are some factors that are boosting the demand for these in 3D printing, which in turn is expected to propel the global metal powder market.
Several manufactures and users have recently transitioned from traditional approaches to optical dispersion and image processing particles characterizing devices, gaining the advantages of lower costs and higher data quality which has fueled the market growth.
Moreover, the use of this dust in the automotive sector is increasing owing to the innovation of new complex components of engines and other parts, which helps in cutting costs and are sustainable as these dust save energy and materials as compared to traditional methods. Increasing implementation of this method in the automotive sector is expected to create lucrative opportunities for market growth.
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Report Segmentation
The market is primarily segmented on the basis of production method, type, application, end-use, and region.
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By Production Method |
By Type |
By Application |
By End-Use |
By Region |
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Insight by Production Method
Chemical method is anticipated to hold the majority of shares over the forecast period. The chemical method, which includes oxide reduction, precipitation, and basic decomposition, is among the foremost extensively used ways of dust metal manufacture. Increasing demand for high purity dust from end-use industries, including aerospace and automotive, is expected to increase the chemical segment demand.
Insight by Type
Ferrous type segment is expected to dominate the market over the forecast period owing to its several properties such as high heat transmission, strong, ductile, and others. In addition, increasing use of these various applications such as aircraft brake pads, dental restoration, and others, are expected to increase the ferrous metal powders market share.
Insight by Application
The additive manufacturing segment is expected to grow at a CAGR of 18.4% in the global metal powder market. Additive Manufacturing (AM) technology is one of the fastest-growing manufacturing processes across the globe. Technology is the process of joining materials to make objects from the 3D model data. It is also known as 3D Printing. Metal powder additive manufacturing combines parts to create objects from 3D modeling data, typically layer-by-layer.
Furthermore, the simplicity with which 3D medical imaging images are converted has enabled additive manufacturing to appeal to the medical sector, which in turn is expected to create lucrative opportunities for market growth in the coming years.
Insight by End-Use
The automotive end-use segment is expected to hold the largest market share in the industry over the forecast period. Metal dust is used in this industry to manufacture complex components through sintering that are reliable, low weight, and cost-effective. Furthermore, technological advancement and increasing electric vehicle demand are expected to boost the demand for metal powders in the automotive sector during the projected period.
Geographic Overview
Asia Pacific dominated the global metal powder market in 2021 and is expected to maintain its dominance over the forecast period due to the rapid growth of emerging countries in this region. Moreover, rising demand from the manufacturing sector and increasing disposable income are expected to fuel the market growth in this region.
North America is expected to grow significantly over the forecast period due to increasing demand from end-use industries and rising demand for lightweight electric vehicles. In addition, the high spending capacity of this region is anticipated to boost the market demand over the projected period in this region.
Competitive Insights
Some of the key players operating in the global metal powder market include Advanced Technology (Bazhou) Special Powder Ltd, Alcoa Inc., Allegheny Technologies Incorporated, BASF SE, Carpenter Technology Corporation, Changsha Hualiu Metal Powders Ltd, CNPC Powders, GKN PLC, Hitachi Chemicals Co. Ltd., Hoganas AB, Metaldyne Performance Group, Miba AG, POLEMA, Pometon Powder, RIO Tinto, Sandvik AB, Yingtan Longding New Materials & Technologies Ltd., and others.
Metal Powder Market Report Scope
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Report Attributes |
Details |
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Market size value in 2021 |
USD 6.27 billion |
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Revenue forecast in 2030 |
USD 11.36 billion |
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CAGR |
7.0% from 2022 - 2030 |
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Base year |
2021 |
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Historical data |
2018 - 2020 |
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Forecast period |
2022 - 2030 |
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Quantitative units |
Revenue in USD million/billion and CAGR from 2022 to 2030 |
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Segments covered |
By Production Method, By Type, By Application, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key Companies |
Advanced Technology (Bazhou) Special Powder Ltd, Alcoa Inc., Allegheny Technologies Incorporated, BASF SE, Carpenter Technology Corporation, Changsha Hualiu Metal Powders Ltd, CNPC Powders, GKN PLC, Hitachi Chemicals Co. Ltd., Hoganas AB, Metaldyne Performance Group, Miba AG, POLEMA, Pometon Powder, RIO Tinto, Sandvik AB, Yingtan Longding New Materials & Technologies Ltd., and others. |
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