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Global Metal Powder Market – Industry Size & Forecasts 2024-2032

The global metal powder market size was worth around USD 7.52 billion in 2023 and is predicted to grow to around USD 14.17 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.29% between 2024 and 2032.

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Metal powder is a finely divided solid metal substance, typically comprising smaller particles that have a maximal size of around 1000 µm. These particles constitute the tiniest powder unit. The particle sizes of the majority of metal granules range from 25 to 200 µm. While these particles are predominantly metallic, they may occasionally be combined with ceramics or polymers, among other substances. Metal powder functions as a transitional state between liquid and solid metal. A multitude of consolidation procedures, including extrusion, injection moulding, blending, compaction, and sintering, make use of these powders. Gas atomization and grinding are the most prevalent processes utilised in the fabrication of metal particles.

The expansion of the worldwide metal powder market is propelled by the ongoing research and development endeavours in metal powder processing and manufacture, as well as the swiftly expanding end-use sectors. Increasing government expenditures on industrial advancement and infrastructure development are anticipated to fuel the expansion of the metal powder market in developing nations throughout the period of forecast.

In addition, the advanced medical and healthcare sectors of developed nations, coupled with consumers’ high disposable incomes, are expected to contribute to the metal powder market’s expansion in the coming years.

In order to gain insight into the competitive environment of the market, a Porter’s Five Forces model analysis has been incorporated to examine the metal powder market. The research includes an evaluation of market attractiveness, in which each segment is compared to others in terms of market size, growth rate, and overall appeal.

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The Global Metal Powder Market is segmented based on product, application and region

Global Metal Powder Market: Product Segment Analysis

● Ferrous
● Non-Ferrous

Global Metal Powder Market: Application Segment Analysis

● Automotive
● Construction
● Electrical and Electronics
● Medical/Health Care
● Aerospace and Defense
● Others

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The global Metal Powder market profiles key players such as:

● ATI Powder Metals
● Hoganas AB
● Aubert & Duval
● Rio Tinto
● GKN Plc.
● Arconic Inc.
● Metaldyne Performance Group Inc.
● Hitachi Chemical Co.Ltd.
● Praxair Technology Inc.
● Renishaw
● BOHLER Edelstahl GmbH & Co KG
● Carpenter Technology Corporation
● Sandvik AB
● Miba AG

Market for Metal Powder: A Regional Analysis

The North American metal powder market is anticipated to experience substantial growth in the coming years, primarily due to advancements in additive manufacturing, increasing health awareness, the prevalence of chronic diseases, and the ageing of the population. In the coming years, the European metal powder market is anticipated to expand significantly due to the region’s high automobile production, the rising demand for lightweight and more fuel-efficient vehicles, and the expanding use of chrome-plated metal powder in the aerospace industry.

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