Global Industry Analysts Forecast Global Metal Powders Market To Reach $4 Billion By 2026

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Editing: 21; Published: February 2022
Executive Pool: 6121
Companies: 148 – Players covered include Allegheny Technologies Incorporated; American Chemet Corp.; AMETEK Specialty Metal Products Inc.; Burgess-Norton Manufacturing Company; Carpenter Technology Corporation; Daido Steel Co., Ltd. ; Diamet Corporation; Dowa Holdings Co., Ltd. ; Erasteel SAS; FW Winter Inc. & Co.; Federal-Mogul Corporation; Fine Sintering Co., Ltd. ; Hoeganaes Corp. ; HC Starck GmbH; Hoganas AB; JFE Steel Corp.; Kennametal, Inc.; Kobe Steel, ltd. ; Kymera International; Miba AG; Norilsk Nickel; PMG Holding GmbH; Pometon SpA; Rio Tinto metallic powders; Showa Denko Materials Co., Ltd. ; Sumitomo Electric Industries, Ltd. and others.
Blanket: All major geographies and key segments
segments: Type (ferrous, non-ferrous, other types); Production method (physical, chemical, mechanical); Application (automotive, aerospace and defense, construction, electrical and electronics, healthcare, other applications)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia Pacific; Rest of the world.

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ABSTRACT-

Global Metal Powders Market to Reach 4 billion US dollars by 2026
Metal powders are basic materials needed to manufacture metal components for a number of industries. The use of metal powders is considered to be much more efficient compared to several traditional procedures such as forging, casting and stamping. Powders can be used in both conventional powder metallurgy and newer additive manufacturing techniques for manufacturing metal components. Metal powders are widely used for the manufacture of structural components. Rising demand for these structural components from various applications including household appliances, motorcycles, agricultural equipment, and automotive parts, among others, is creating demand for metal powders. The global market is expected to grow steadily over the coming year as automotive, aerospace & defense, construction, and electrical/electronics slowly recover from the devastating impact of COVID-19 . The demand for metal powders for manufacturing different components and materials is expected to pick up in 2021 and see increased growth in 2022 and beyond. In addition, the expected increase in crude oil and natural gas exploration and drilling activities globally is likely to expand new opportunities. Simultaneously, the new interest from the healthcare, medical, dental and biotechnology sectors would encourage the prospects of powdered metals in these verticals. The increased mechanization of the agricultural sector is poised to drive the future demand for advanced and bespoke machine tools. Moreover, the increasing role of robotic tools in the production workshop and technological innovations will support the growth momentum of the machine tools market.

Amid COVID-19 crisis, Global Metal Powders Market Estimated at US$3.2 billion in 2022, is expected to reach a revised size of 4 billion US dollars by 2026, growing at a CAGR of 5.6% over the analysis period. Ferrous, one of the segments analyzed in the report, is expected to grow at a CAGR of 5.5% to reach US$3.1 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the non-ferrous segment is readjusted to a revised CAGR of 6.2% for the next 7-year period. This segment currently accounts for a 20.6% share of the global metal powder market. Ferrous powders, including iron powder and stainless steel powders, represent the largest type of metal powders. They are used in various industrial applications due to their low production costs, good source of minerals and excellent chemical, physical and magnetic properties.

The US market is estimated at $1.1 billion in 2022, when China is expected to reach $461.1 million by 2026
The metal powders market in the United States is estimated at US$1.1 billion in 2022. The country currently accounts for a 35.46% share of the global market. Chinaworld’s second largest economy, is expected to reach an estimated market size of US$461.1 million in 2026 with a CAGR of 7.8% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 4.7% and 5.3% respectively over the analysis period. In Europe, Germany is expected to grow at around 4.7% CAGR while the rest of the European market (as defined in the study) will reach US$497.9 million at the end of the analysis period. The United States and Europe are the largest regions for metal powders in the world. Growth in the metal powders market had so far been strongest in the United States, particularly in the automotive, electrical and healthcare sectors. Strong demand for metal powders in the region is also expected to emerge from the steel industry and metal additive manufacturing which is increasingly being used for manufacturing aerospace components. In Europe, factors such as increased attention to environmental sustainability and increased consumer awareness of environmentally friendly products provide lucrative growth opportunities for metal powder manufacturers. A growing number of metal powder manufacturers in the Asia Pacific In recent times, the region has particularly boosted the region’s revenue contribution to the global market.

The non-ferrous segment will reach one million dollars by 2026
Non-ferrous powder metallurgy technology includes various powder consolidation techniques that have a lower cost of production due to the elimination of waste materials and machining steps in addition to high performance components of superior quality to the usual ingot metallurgy. The non-ferrous powder and component industry is experiencing new growth opportunities as new forming techniques surface. In the global non-ferrous segment, United States, Canada, Japan, China and Europe will drive the CAGR of 6.1% estimated for this segment. These regional markets representing a combined market size of US$513.1 million will reach a projected size of US$772 million at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific should reach US$69.3 million by 2026. Continued

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