Metal Powder Market Share, Size, Trends, Industry Analysis Report, By Production Method (Chemical, Mechanical, Physical); By Type (Ferrous, Non-Ferrous); By Application (Additive Manufacturing, Powder Metallurgy, Metal Injection Molding, Others); By End-U

Metal Powder Market Share, Size, Trends, Industry Analysis Report, By Production Method (Chemical, Mechanical, Physical); By Type (Ferrous, Non-Ferrous); By Application (Additive Manufacturing, Powder Metallurgy, Metal Injection Molding, Others); By End-Use; By Region; Segment Forecast, 2022 - 2030

The global metal powder market size is expected to reach USD 11.36 billion by 2030 according to a new study by Polaris Market Research. The report “Metal Powder Market Share, Size, Trends, Industry Analysis Report, By Production Method (Chemical, Mechanical, Physical); By Type (Ferrous, Non-Ferrous); By Application (Additive Manufacturing, Powder Metallurgy, Metal Injection Molding, Others); By End-Use; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Increasing use of metal powders in end-use industries such as construction, automotive, aerospace, marine, and others to manufacture lightweight elements is expected to fuel the demand for these over the forecast period. Furthermore, rising trends of these dust use in 3D printing in order to decrease cost and increase durability is likely to propel the demand over the forecast period.

Increasing lightweight vehicle demand, technology advancement, rising adoption of additive manufacturing for producing durable, complex, and strong components are some factors expected to create a positive influence for the automotive sector.