One of the major trend in global metal powder market includes rise in focus over metal powders of titanium. Moreover, global markets of metal powder is gaining importance owing to increased attraction of the people for the metal powder of titanium. The main reason behind the rising usage of titanium products are its tensile strength, less adhesion, corrosion resistance and erosion resistance to foreign materials. Progress in the aerospace and automotive industry are responsible for boosting the metal powders market for the manufacturing of additive. This is because of requirement of additives manufactured from metals in industries, because of the beneficial properties like notable tensile strength, error in resistance and resistance in corrosion. Increasing demand for the developed materials like titanium is motivating the metal powders market for the manufacturing of additive. Requirement for parts of machinery of good quality in automobile and aerospace industry has surged the use of additives obtained from the metal powders and this is expected to grow in the coming years.
The global Metal Powder market size is expected to reach close to US$ 12.1 Bn by 2029 with an annualized growth rate of 4.4% through the projected period.
The growth of the Metal powder industry is attributed to the growing urbanization, changing lifestyle of customers, preferences & habits, lack of knowledge and economic development that boosts the development of products. Global metal powder market is expected to experience wide growth during the forecast period. Change in the preference and standard of living is the factor that is driving the growth of metal powder market. Moreover, rise in the customer’s awareness is also fueling the growth of metal powder market analysis. Besides, growth in the urbanization is also boosting the growth of global metal powder market. Likewise, rise in the economic development is also propelling the growth of global powder market size. On the other hand expensiveness of powder for the raw materials is the reason that is affecting the growth of metal powder market across the globe
Global metal powder market has been segmented by different production method, application, compaction technique, type, metal form and region. On the basis of production method, market is divided into mechanical, chemical and physical. Based on application, metal powder market is sub-divided into industrial, electrical & electronics, transportation & logistics, construction and more. On considering the compaction technique, market is sub-divided into hot & cold compaction. Based on type, market is sub-divided into non-ferrous, ferrous and more. On considering the metal form, market is divided into pure/ ore metal and recycled/ scrap metals.
Geographically, the global metal powder market upcoming report has been analyzed for several key regions covering Europe, North America, Asia Pacific and Rest of the World. Asia Pacific is the rapidly growing metal powder market due to the rising awareness of the customers, developments in technology, rise in competition and increased expenditure of the customers.
Key players operating in the competitive landscape of the global metal powder market include Sandvik, Alcoa, Laiwu Iron & Steel, Carpenter Technology and more.
Metal Powder Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||US$ 12.1 Bn|
|Growth Rate||CAGR of 4.4 % during 2022-2031|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||MolyWorks Materials Corporation; Advanced Technology & Materials Co., Ltd.; GKN PLC; Hoganas AB; POLEMA; Rio Tinto Metal Powders; Rusal; Sandvik AB; CRS Holdings Inc.; Liberty House Group|
Frequently Asked Questions (FAQ) :
Metal powders are referred as finely powdered metals that are used for thermal spray, fabrication of sintered parts, filling plastics and others. Metal powders are the base constituents for the manufacturing of metallic components using the traditional powder metallurgy method. Powder metallurgy is the method used for making the sections or components of metal via heating the powdered metal below its melting point. One of the biggest advantages of powdered metals include reduction of waste that results in producing alloyed components as well as conventional machining.
In the process of powder metallurgy the properties of end product depends upon the characteristics of base powder from which it has been manufactured, this gain equally depends on the process of base powder production of the base powder. Hence, there are several different techniques for the production of metal powders and each of these technique offer a unlike particle morphology as well as pureness. Some of these techniques are machining, mechanical pulverization, crushing (used for the brittle material), electrolysis, slotting, atomization of liquid metal through water, argon, nitrogen or a mixture of all these plus lessening of metal oxides in hydrogen or by carbon. The metal oxides can be constituents for instance iron ore or else iron oxide produced from marinating plants and in mills of steel strip. Another methods includes the lessening of metal oxide along with the higher carbon that consists of metal powder, electrolytic treating of cathodic deposition from melted metal salts as well as chemical decomposition of the metal carbonyls.
Furthermore, metal powders are expected to exhibit reliable powder characteristics in safeguarding repeatable production of the metal parts. As, metal powders used in additives manufacturing are supposed to be lightly spherical and also need to have an element size distribution, intended to enable improved packing activities, so that the final product that is manufactured has got decent mechanical properties and is extremely dense. Some other features expected in the final product will include density, morphology, chemical composition, green strength, surface area, compressibility & sintering ability as well as thermal properties.
Moreover, major feature of powder is the size of particle (granulometry) and shape of particle (morphology). On the other hand, technical properties of the powder includes flowability, surface area, and bulk density, and compressibility, thermal and green strength. Also, the potential areas of their application depend upon these properties, thus there must be a technique available for adequately elucidating these properties at times of repeatable procedures as well as standards.
Metal powder demand in the US was more than 1 billion pounds in 2015 at a growth rate of almost 6% and since then its been increasing. Out of the total demand ferrous metals accounted for more than 60% and nonferrous the remaining 40%.