Metal Powder Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Metal Powder Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Metal Powder Market


The Metal Powder market size was valued at USD 7.52 billion in 2023, and the market is now projected to grow from USD 7.99 billion in 2024 to USD 13.00 billion by 2032, exhibiting a CAGR of 6.3% during the forecast period of 2023-2030.

The COVID-19 pandemic created significant opportunities on the Metal Powder market growth as curbing coronavirus outbreak was prioritized. Automotive companies were likewise confronting terminations during the Coronavirus pandemic, and organizations were either shutting their plants or bringing their creation limit due down to staff deficiencies and absence of natural substances. The interest for autos declined as customers zeroed in on having fundamental administrations and items. Key auto makers have brought down their creation rates, which decreased metal powder market share in the worldwide market.

The Metal Powder market share globally has been contributed due to the increase in spending power. Ascend in spending power and fast populace development are the fundamental drivers flooding the worldwide interest for auto vehicles. Utilization of powdered metals in the auto business is credited to metallurgy, which helps in the assembling of different parts like direction, camshaft pulleys, driving rod sprockets, and cog wheels. Powder metallurgy is likewise utilized in cutting, welding, and assembling underlying parts. Moreover, processes, for example, cover trim and metal infusion shaping, are standing out in the auto business as they can make complex plans.

Furthermore, there’s been a notable trend of assembling of added substances. Metal powder is acquiring prevalence in the assembling of added substances. It offers greater adaptability while diminishing the loss in the creation of parts and coatings of various metals. A few items are effectively accessible in the market like zinc, aluminum, iron, manganese, tin cadmium oxide, and nickel powder. Furthermore, the item additionally adds to reasonable turn of events. These arrangements can help in tackling difficulties like the requirement for sustainable power and asset shortage.

Comprehensive Analysis of Metal Powder Market

Metal powder alludes to the metals that are separated into powder structure. Developing item interest for vehicles is supposed to drive market development because of monetary extension as well as expanding speculation use. The developing car industry alongside fast modern improvements in nations, like India, China, and Japan, may drive the market development.

The Asia Pacific district is probably going to arrive at good development rates during the estimate time frame. China, Japan, India, and South Korea are driving the development of the market in the district. This is to a great extent because of China being an assembling community for items covering auto OEMs to electronic items. In Asia Pacific, China has the biggest offer in worldwide powdered metal creation because of the presence of different medium and little measured producers. Expanding airplane conveyance and requesting offices because of the interest for new age airplane will help territorial interest. Asia Pacific is a vital center for makers providing powdered metal to Europe and North America for aviation OEMs.

The top players in the market play a crucial role in the Metal Powder market assuring industrial prospectus growth and setting market standards. These players include, Rio Tinto Metal Powder (U.K.), Sandvik AB (Sweden), Carpenter Technology Corporation (U.S.), Hoganas AB (Sweden) and GKN Powder Metallurgy (U.S.) these market players provide a level-playing competitive landscape.

In December 2023, Kymera Worldwide, a specialty materials organization, obtained Metallisation Restricted, a warm shower and robotization innovation organization settled in Dudley, U.K. The procurement would help the organizations in joining their relative assets to turn into a worldwide forerunner in warm shower applications and arrangements.

Segmentation Table

Metal Powder Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of6.3% from 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Type, End-User, and Region

By Type Ferrous

Non-Ferrous

By End-User

Automotive

Manufacturing

Medical

Electrical & Electronics

Others

By Region

By Region North America (By Type, End-User, and Country)

-U.S. (By Type and End-User)

-Canada (By Type and End-User)

Europe (By Type, End-User, and Country/Sub-region)

-U.K. (By Type and End-User)

-Germany (By Type and End-User)

-France (By Type and End-User)

-Italy (By Type and End-User)

-Spain (By Type and End-User)

-Rest of Europe (By Type and End-User)

Asia Pacific (By Type, End-User, and Country/Sub-region)

-China (By Type and End-User)

-Japan (By Type and End-User)

-India (By Type and End-User)

-Australia (By Type and End-User)

-Rest of Asia Pacific (By Type and End-User)

Latin America (By Type, End-User, and Country/Sub-region)

-Brazil (By Type and End-User)

-Mexico (By Type and End-User)

-Rest of Latin America (By Type and End-User)

Middle East & Africa (By Type, End-User, and Country/ Sub-region)

-GCC (By Type and End-User)

-South Africa (By Type and End-User)

-Rest of Middle East & Africa (By Type and End-User)