NEW
YORK, May 16, 2024 /PRNewswire/ -- The
global metal powders market size is estimated to grow
by USD 2340.91 mn from 2023-2027,
according to Technavio. The market is estimated to grow at a CAGR
of 6.81% during the forecast period.
For more insights on the forecast market size and
historic data (2017 - 2021) - Download Free sample
report in minutes
Forecast
period
|
2023-2027
|
Base Year
|
2022
|
Historic
Data
|
2017 - 2021
|
Segment
Covered
|
Application
(Automotive, Aerospace and Defense, Healthcare, Construction, and
Others), Type (Ferrous metal powder, Non-ferrous metal powder, and
Alloy), and Geography (North America, Europe, APAC, South America,
and Middle East and Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Alcoa Corp., American
Chemet Corp., AMETEK Inc., AMG Advanced Metallurgical Group NV,
Allegheny Technologies Inc., BASF SE, Carpenter Technology Corp.,
CNPC Powder Group Co. Ltd., FOMAS S.p.A., GKN Sinter Metals
Engineering GmbH, Jiande Yitong Metal Powder Co. Ltd., Hoganas AB,
JFE Holdings Inc., Kennametal Inc., Kymera International, Linde
Plc, Miba AG, Rio Tinto Ltd., Sandvik AB, and voestalpine
AG
|
Key Market Trends Fueling Growth
The metal powders market has seen significant growth in the
adoption of titanium metal powders. Factors driving this trend
include the demand for lightweight, high-strength materials in
industries like aerospace, automotive, and medical. Titanium's
excellent mechanical properties, such as high strength, low
density, and good corrosion resistance, make it ideal for various
applications. Its high melting point also suits high-temperature
uses. Titanium's use in additive manufacturing has surged, along
with the rise of AM in TVs, mobile phones, refrigerators,
radiators, and industrial equipment. The pandemic's impact,
including lockdowns and travel restrictions, has affected the
automotive sector, leading to increased interest in lightweight
electric vehicles. Titanium metal powders are produced using
chemical methods and are available in various particle sizes,
shapes, and alloys, including those with chromium, cobalt, and
metal carbides. The forecasted volume growth in kilo tons is
expected to continue despite quarantined workforces and disrupted
supply chains.
Market Challenges
- Metal powders, derived from various metals such as iron,
aluminum, bronze, nickel, and others, pose significant health and
environmental concerns. These microscopic particles, often
invisible in the air, can enter the human body through skin
absorption and ingestion, leading to health issues. Combustion and
subsequent inhalation are particularly hazardous. The occupational
risks associated with metal powders are extensive, with potential
health impacts ranging from minor impairments to life-threatening
conditions, including pneumoconiosis, systemic poisoning, hard
metal disease, inflammatory lung injuries, cancer, and allergic
responses. The nature and type of metal powders, influenced by
their chemical, mineralogical, and physical properties, determine
their health hazards. These powders are extensively used in
industries like factories, defense, medical, dental, and
electronics, as well as in lightweight parts, 3D-printing
technologies, and fuel systems. Annual vehicle production,
airplanes, global deliveries, and emerging economies are
significant markets for metal powders, with applications in various
industries such as automotive components, magnetic products, and
pulleys.
Research report provides comprehensive data on
impact of trend, driver and challenges - Buy
Report
Segment Overview
This metal powders market report extensively covers market
segmentation by
- Application
- 1.1 Automotive
- 1.2 Aerospace and defense
- 1.3 Healthcare
- 1.4 Construction
- 1.5 Others
- Type
- 2.1 Ferrous metal powder
- 2.2 Non-ferrous metal powder
- 2.3 Alloy
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Automotive- The metal powders market is
segmented by application in various industries, with a significant
portion allocated to the automotive sector. In this industry,
factories utilize iron, aluminum, bronze, nickel, and other metal
powders to manufacture lightweight parts for automobiles. These
components include engine parts, brakes, bearings, gears, and
clutch plates. The increasing demand for high-performance vehicles
and fuel efficiency drives market growth. Metal powders offer
advantages such as increased strength, improved wear resistance,
reduced weight, and increased efficiency. For instance, aluminum
powders are used to produce lightweight automotive components,
reducing vehicle weight and improving fuel efficiency.
Additionally, metal powders find applications in the medical
industry for implants and prosthetics, in the defense industry for
armor and ammunition, and in 3D-printing technologies for
electronic devices. The environmental implications of metal powders
production and usage are a short-term concern, but long-term
driving factors include market demand and bulk properties such as
reactivity, flow ability, compressibility, porosity, hardenability,
and specific applications like brake pads, magnetic products,
pulleys, differential gear sets, helical gears, bevel gears,
planetary gears, sprockets, output pulleys, fuel system flanges,
exhaust flanges, access covers, spacers, racks, and exporter
deliveries to the automotive, aerospace, and new energy vehicle
industries. Annual vehicle production in emerging economies and
global deliveries to airplane fleets further expand market reach.
Metal powders are also used in airplanes, electronic products like
laptops, and new energy vehicles.
For more information on market segmentation with geographical
analysis including forecast (2023-2027) and historic data (2017 -
2021) - Download a Sample Report
Research Analysis
The Metal Powders Market has experienced significant disruptions
due to lockdowns and travel restrictions caused by the global
pandemic. The Automotive sector, a major consumer of metal powders
in the Ferrous type segment, has been particularly affected. The
production of metal powders through chemical methods has been
impacted by quarantined workforces and the shutdown of factories.
The disrupted supply chain has led to a decrease in the volume
(kilo tons) of metal powders produced in emerging countries.
However, the demand for lightweight electric vehicles is expected
to drive growth in the long term. The use of metal powders in 3D
printing is also forecasted to increase, providing opportunities
for market expansion. Iron, Aluminum, and Bronze are among the key
types of metal powders in high demand.
Market Research Overview
The Metal Powders Market encompasses a diverse range of fine
particles used in various industries. These powders are produced
through processes such as mechanical comminution, chemical
reactions, and pyrolysis. The market is segmented based on the type
of metal powders, including ferrous and non-ferrous. Factors
driving the growth of the market include increasing demand from
industries like automotive, aerospace, and construction.
Additionally, advancements in technology have led to the
development of new applications for metal powders, such as in 3D
printing and electronics. The market is also influenced by factors
like supply and demand dynamics, regulatory frameworks, and price
trends. Overall, the Metal Powders Market is expected to grow
significantly in the coming years due to its wide-ranging
applications and the continuous evolution of technology.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Automotive
- Aerospace And Defense
- Healthcare
- Construction
- Others
- Type
-
- Ferrous Metal Powder
- Non-ferrous Metal Powder
- Alloy
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/metal-powders-market-size-is-set-to-grow-by-usd-2340-91-mn-from-2023-2027--increasing-use-of-pm-technology-to-boost-the-market-growth-technavio-302146607.html
SOURCE Technavio