Metal Powder Market Size Surpass Around US$ 10.33 Bn by 2032

The global metal powder market was valued at US$ 5.47 billion in 2022 and is predicted to surpass around US$ 10.33 billion by the end of 2032, representing an impressive CAGR of 6.6% during the forecast period 2023 to 2032.

Metal powders are the base constituents for the making of metallic component via traditional powder metallurgy route or the emergent sector of additive manufacturing. Characteristics of the end product rely on the character of the base powder from which it is fashioned which is correspondingly reliant on the process of manufacture of the base powder. There are several methods for manufacturing metal powders with each method presenting diverse particle purity and morphology. These methods involve crushing, mechanical pulverization, machining, slotting, atomization, electrolysis of liquid metal with the help of nitrogen, water, argon, or amalgamation of these and by means of carbon or decreasing metal oxides in hydrogen.

The metal powder sector is a familiar metal forming technology that contends directly with other metalworking practices like forging, casting, screw machining and stamping (fine blanking). The industry encompasses parts makers, powder suppliers and vendors that provide the powder handling equipment, mixing equipment, sintering furnaces, compacting presses and others.

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Regional Snapshots

The continuous automotive production, high consumer latent in India, Southeast Asian nations, and China and huge demand for medical products are expected to stimulate the need for finished parts made by means of metal powder. Speedy rise in the implication of powder metallurgy has set the stage for the huge production of metal powders, chiefly steel and iron and, carefully trailed by copper, aluminum, and nickel. Budding economies have been perceiving urbanization on a massive scale, which will subsequently result in rushing in the demand for building & construction, automotive, and other end use sectors in the South Asia market.

Europe reported for a crucial stake of the global metal powder market in 2019. It is estimated to be a profitable region throughout the estimate period. Producers of metal powders in Europe are intensive on upholding environmental sustainability on account of intensification in consumer alertness regarding the practice of eco-friendly products. The target of plummeting greenhouse gases via the acceptance of substitute energy sources is anticipated to deliver profitable prospects to these producers during years to come. Moreover, foremost automotive manufacturers like Volkswagen, BMW, Daimler, Renault and Volvo function in Europe which positively affecting the metal powder marketplace in this region.

Report Scope of the Metal Powder Market

Report Highlights	Details
Market Size in 2023	USD 5.81 Billion
Market Size by 2032	USD 10.33 Billion
Growth Rate from 2023 to 2032	CAGR of 6.6%
Largest Market	North America
Fastest Growing Market	Asia Pacific
Base Year	2022
Forecast Period	2023 to 2032
Segments Covered	By Type, By technology, By Application,

Report Highlights

Increase in the requirement for structural components in numerous applications like motorcycles, agriculture machinery, automotive parts and home appliances is advancing the growth of the global metal powder market
Intensification in the need for high fuel competence and escalation in emphasis on lighter and thinner components with superior dimensional precision, thermal processing and sintering are driving the requirement for metal powder around the world
Among, different applications, automotive application segment seized a noteworthy share of the worldwide metal powder market in 2019.
About 96,804,390 vehicles (counting light commercial, passenger, and heavy commercial vehicles) were traded around the world in 2017. Such high demand of automotive supports the growth of metal powder market growth
The steel and iron type segment reported for a key market stake of the total metal powder market revenue in 2019

Key Players & Strategies

The market for metal powder is categorized by snowballing merger & acquisition activities worldwide with major companies attaining stakes in trivial companies partaking a competitive advantage like advanced technology, well-organized processes, and existence in the regional market. Crucial players functioning in the global metal powder market comprise Höganäs AB, Rio Tinto, Sandvik AB, GKN Plc., GGP Metal powder AG, JFE Holdings, Inc., BASF SE, Vale S.A, Metal Powder Company Ltd., Alcoa Corporation, Sarda Industrial Enterprises, MMP Industries Ltd and The Arasan Aluminium Industries (P) Ltd among others.

Market Segmentation

By Type