Metal Powder Market Recent Industry Trends and Projected Industry Growth 2028 Facts,
Posted: Jul 05, 2018
Components that would have not been even possible until a few years ago can now be made to high standards utilizing a wide range of metal powders. Almost 70 years ago, metallurgy parts manufacturing and metal powder manufacturing came into modern day prominence. Nowadays, various types of metal powder and powdered parts manufacturing processes have evolved and are still being practiced. Metal powder can be produced using various processes, such as liquid atomization, direct reduction, centrifugal atomization and gas atomization. The atomization process is one of the most widely utilized methods for production of metal powders using stainless steel, tool steel, iron, brass, aluminium, titanium and other alloys, etc.
Metal powders are utilized for various applications, including additive manufacturing (prototyping and 3d printing), cold sprays, brazing, metal injection moulding, plasma and thermal sprays, diamond catalysts, electromagnetic shielding, etc.
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Global Metal Powder Market: Segmentation
Globally, the metal powder market can be segmented on the basis of metal type, end-use industry and application.
Based on the metal type, the global metal powder market can be segmented into:
High Speed Steel
Low Alloy Steel
Based on end-use industry, the global metal powder market can be segmented into:
Aerospace & Defense
Oil & Gas
Based on application, the global metal powder market can be segmented into:
Architectural and Paints
Printing and Screen Printing
Automotive Component Manufacturing
Metal Injection Moulding
Global Metal Powder Market: Dynamics
With increase in investments across the additive manufacturing technology, the demand for metal powders is expected to soar in the near future. For instance, recently, General Electric International has made a significant investment of US$ 50 Mn in its Alabama facility. Moreover, positive outlook for the global aerospace industry is expected to aid the demand for metal powders in near future.
One of the key trends identified in the global metal powder market is increasing focus on titanium-based powders. Preference for these products is high owing to their high tensile strength, corrosion resistance, erosion resistance and reduced adhesion to other materials. These types of metal powders are widely utilized by various industries, such as medical, aerospace and others.
Metal powder manufacturers will seek to partner with OEMs to improve the quality of powders to ensure they offer consistency and great performance.
Global Metal Powder Market: Regional Outlook
As far as regions are concerned, the metal powders market is anticipated to be dominated by the North America region, owing to rising demand from the aerospace industry across the United States. Europe and Asia-Pacific in the market are anticipated to be followed by North America over the forecast period. Latin America and Middle East & Africa, in the global metal powder market, are anticipated to expand at a moderate rate over the forecast period.
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Global Metal Powder Market: Market Participants
Examples of some of the market participants involved in the global Metal Powder market include GKN plc, Sandvik AB, Hitachi Chemical Co., Ltd., ATI, Praxair S.T. Technology, Inc., Hoganas AB, Metaldyne Performance Group Inc., Rio Tinto Metal Powders, voestalpine BOHLER Edelstahl GmbH & Co KG, Carpenter Powder Products, Aubert & Duval, Royal Metal Powders, Inc., AUSTRALIAN METAL POWDERS SUPPLIES PTY LTD and others.
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