The Metal Powder Market Size is projected to reach USD 6.96 billion by 2022, with a compound annual growth rate (CAGR) of 7.1%. Furthermore, it is expected to grow to USD 12.05 billion by 2030 within the forecast period of 2023-2030.
Market Dynamics: The developing interest from end-client businesses and headways in the metal powder area are speeding up the business' turn of events. The developing meaning of powder metallurgy has made way for the epic creation of metal powders, for the most part iron and steel, firmly followed by aluminum, copper, and nickel. The expanded makers' attention on transforming metal powders into valuable pieces of designing is supporting the metal powder market development. Similarly as with metal powders it is nearly more straightforward to get the necessary shapes from solid metals, that in any case is difficult to deliver, the deals of metal powders is probably going to increment over the gauge time frame, supporting the general business development.
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Market Segmentation:
By Raw Material:
Virgin PET
Recycled PET
By Type
Ferrous
Non-ferrous
Others
By Application
Transportation & logistics
Industrial
Construction
Electrical & electronics
Others
By Production Method
Physical
Chemical
Mechanical
By Compaction Technique
Cold Compaction
Hot Compaction
By Metal
Scrap/Recycled metals
Ore/Pure metal
By End Users
Aerospace
Aviation
Energy
Medicine
Other
Key Players:
Some of the prominent players operating in the global metal powder market are Sandvik AB, Carpenter Technology Corporation, Hoganas AB, GKN Plc., Rio Tinto, Allegheny Technologies Incorporated, American Chemet Corporation, Carl Schlenk AG, Hitachi Chemical Co., Ltd, and Metaldyne performance Group Inc.
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