Metal powder is a solid powder, which is usually smaller than 1,000 micrometers. Some of the most common metal powder types include iron, aluminum, copper, and lead among others. It is used in various applications such as welding, surface coating, dyes, and others. These are manufactured by various methods such as crushing, machining, mechanical pulverization, slotting, electrolysis, and atomization of liquid metal using water.
The global metal powder market is driven by the increase in product consumption in the automotive industry, owing to a significant rise in the production of vehicles across the globe. In automotive industry, the metal powder is used in carbon brushes, friction (brakes & clutches), engine bearings & bushings, sintered components, filters and bronze-filled polytetrafluoroethylene (PTFE) seals. Additionally, the increasing industrialization and urbanization in the developing regions across the globe is anticipated to fuel the market growth in the coming years. However, the growth of the global metal powder market is restrained by high initial investment. Metal powder is crushed form of different metals such as iron metal powder and aluminum metal powder. Due to some advantages and benefits of metal powder, it is widely used for numerous applications, which is anticipated to create growth opportunities over the coming years. In addition, rapid technological advancements complementing the use of metal powders in many products, such as rocket fuels, paint pigments, printing inks, and many others. Thus, this in turn is expected to provide growth opportunity for global metal powder market.
The global metal powder market is segmented into type, application, and region. Based on type, the market is segmented into bronze, aluminum, metal carbides, chromium, cobalt, hafnium, iron, molybdenum, nickel, copper, niobium, platinum, rhenium, silicon, silver, tungsten, tantalum, vanadium, and others. Global metal powder market share for aluminum and tungsten is expected to progress over the forecast period due to increasing demand for automotive industries owing to its hardness and lightweight products. Based on application, the market is divided into automotive, process plant & equipment, marine, rail, aerospace, chemical & metallurgical, electrical & electronics, decorative, entertainment, defense, construction, & others. Global metal powder market size for automotive, aerospace, and constructions is estimated rise throughout the forecast period due to rising adoption powder materials. Based on region, the market analyzed North America, Europe, Asia-Pacific, and LAMEA. Rapidly increasing industrialization and urbanization in Asia-Pacific region is prominently driving the metal powder market growth. Moreover, the increasing population mainly in India and China has augmented the construction and automobile sector, which is further contributing to the growth of metal powder market in coming years. India, China, and Japan are the major consumers of the metal power in the Asia-Pacific region.
Key players of the metal powder market include are Innomet Powders, CNPC Powder Group Co., Ltd., D M Metal Powder, MEPCO Group, Hoganas AB, GKN Sinter Metals Engineering GmbH, Hitachi Chemical Co., Ltd., ATI metals, Rio Tinto Metal Powders, William Rowland Limited, Aubert & Duval, mmpil, and Sarda Industrial Enterprises.
Metal Powder Market Report Highlights
| Aspects | Details |
 By TYPE |
|
 By APPLICATION |
|
 By Region |
|
 Key Market Players | Innomet Powders, CNPC Powder Group Co., Ltd., MEPCO Group, ATI Metals, Hoganas AB, Sarda Industrial Enterprises, Mmpil, D M Metal Powder, Aubert And Duval, Rio Tinto Metal Powders, Hitachi Chemical Co., Ltd., William Rowland Limited |
Loading Table Of Content...
