Demand for Metal Powder Is Projected to Top a Valuation of Us$ 32.7 Billion by 2032
Metal additive manufacturing is unlocking new possibilities that could not be realized before. With the help of metal additive manufacturing, multiple production steps have been replaced with just one step, which is enabling mass customization. Not only production process efficiency but also additive manufacturing has improved part performance.The global metal powder market is estimated at US$ 17.6 Bn in 2022, and is projected to top a valuation of US$ 32.7 Bn by 2032, expanding at a CAGR of 6.3% from 2022-2032.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and a far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Metal Powder Market both at worldwide and provincial levels.
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Market Players: –
AMG Advanced Metallurgical Group N.V.
ATI Powder Metals
Aubert & Duval
Australian metal powder Supplies Pty Ltd
Carpenter Powder Products
GKN Plc
Global metal powder
Heraeus
Hitachi Chemical Co., Ltd.
Hoganas AB
Industrial Metal Powder Pvt Ltd
LPW Technology Ltd
Makin metal powder
Metaldyne Performance Group Inc.
Praxair Surface Technologies
Rio Tinto metal powder
Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.
Competitive landscape
The market is highly competitive in nature with leading manufacturers of metal powder such as AMG Advanced Metallurgical Group N.V., Australian Metal Powder Supplies Pty Ltd, ATI Powder Metals, Aubert & Duval, Carpenter Powder Products, GKN Plc, Global metal powder, Heraeus, Hitachi Chemical Co., Ltd., Hoganas AB, Industrial Metal Powder Pvt Ltd, LPW Technology Ltd, Makin metal powder, Metaldyne Performance Group Inc., Praxair Surface Technologies, Rio Tinto metal powder, Royal metal powder, Inc., S.T. Technology, Inc., Sagwell, Sandvik AB, US metal powder Inc., and voestalpine BOHLER Edelstahl GmbH & Co KG.
Key market players of metal powder are making strategic moves to increase their market share by broadening their existing AM portfolio capability and focusing on acquisitions or collaborations with AM-specific powder-related companies.
For instance, Carpenter Technology made three significant acquisitions of AM-specific companies –LPW Technology and CalRAM in 2018, and Puris LLC in 2017.
To maintain competitiveness and brand image, manufacturers are also focused on developing and offering application-based products.
Höganäs AB, one of the leading manufacturers of metal powder, offers high-quality products for powder metallurgy.
LPW Technology Ltd is a leading manufacturer of ultra-clean additive manufacturing metal powder.
Metal Powder Industry Survey – Key Segments
By Material Type:
o Metals
Iron
Copper
Nickel
Aluminium
Others (Chromium, Cobalt, Manganese, Titanium, etc.)
o Metal Alloy
Stainless Steel
Silicon-iron
Nickel-iron
Others
By Production Technology:
o Solid State Reduction
o Atomization
o Electrolysis
o Others
By Application:
o Metal Powder for Additive Manufacturing
o Metal Powder for Alloying and Plating
o Metal Powder for Tool Manufacturing
o Metal Powder for Catalysts
o Metal Powder for Powder Metallurgy
Press & sinter
Hot Isostatic Pressing (HIP)
Hard Materials
Others
o Metal Powder for MIM
o Others
By End-use Industry:
o Metal Powder for Aerospace & Defense
o Metal Powder for Automotive
o Metal Powder for Oil & Gas
o Metal Powder for Medical Use
o Metal Powder for Building & Construction
o Others
By Region:
o North America Metal Powder Market
o Latin America Metal Powder Market
o Europe Metal Powder Market
o East Asia Metal Powder Market
o South Asia & Oceania Metal Powder Market
o Middle East & Africa Metal Powder Market
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