Metal Powders Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR43439
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The metal powders market has the potential to grow by USD 1.31 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.15%.

This metal powders market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (ferrous metal powder, non-ferrous metal powder, and others) and geography (North America, Europe, APAC, South America, and MEA). The metal powders market report also offers information on several market vendors, including Alcoa Corp., Allegheny Technologies Inc., AMETEK Inc., BASF SE, Belmont Metals Inc., GKN Sinter Metals Engineering GmbH, Hoganas AB, Parshwamani Metals, Rio Tinto Ltd., and Sandvik AB among others.

What will the Metal Powders Market Size be in 2021?

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Metal Powders Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increased use of powder metallurgy (PM) technology is notably driving the metal powders market growth, although factors such as environmental issues regarding metal powders may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the metal powders industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the metal powders market is the increased use of powder metallurgy (PM) technology.
  • PM refers to the method of manufacturing ferrous and non-ferrous components by mixing alloys of elemental powders and compressing the resultant mixture.
  • One of the major advantages of the PM process is that helps conserve energy by limiting wastage of resources as it uses approximately 98% of the metal to produce metal powders.
  • The process is cost-effective when producing simple or complex metallic parts, leading to minimal or no machining.
  • The increasing demand for metal powders for structural auto parts is another major factor supporting the metal powders market share growth.
  • Structural components made from metal powders possess a combination of corrosion resistance, high electrical and thermal conductivity, good machinability, enhanced fatigue, and mechanical properties, and bring down the overall weight of the components. 
  • Some of the most common applications of metal powders include torque converter hubs, bearing races, and gears.
  • The increasing production of vehicles gives the global metal powders market a lucrative opportunity to capitalize on the market expansion.

This metal powders market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Metal Powders Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alcoa Corp.
  • Allegheny Technologies Inc.
  • AMETEK Inc.
  • BASF SE
  • Belmont Metals Inc.
  • GKN Sinter Metals Engineering GmbH
  • Hoganas AB
  • Parshwamani Metals
  • Rio Tinto Ltd.
  • Sandvik AB

 

This statistical study of the metal powders market encompasses successful business strategies deployed by the key vendors. The metal powders market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The metal powders market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Metal Powders Market?

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36% of the market’s growth will originate from North America during the forecast period. The US is the key market for metal powders in North America. However, the market growth rate in North America will be slower than the growth of the market in other regions.

The augmented demand for steel from the rail, manufacturing, automotive, infrastructure, energy, machinery, and equipment industries will facilitate the metal powders market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Metal Powders Market?

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The metal powders market share growth by the ferrous metal powder segment will be significant during the forecast period. The market for ferrous metal powder is anticipated to grow at a significant rate, particularly due to the increased demand for iron powders and alloys. The market has also witnessed a growing demand for blends of powders (ready to press) such as complementary metals, base metals, lubricants, and graphite. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the metal powders market size and actionable market insights on post COVID-19 impact on each segment.

 

Metal Powders Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.15%

Market growth 2021-2025

$ 1.31 billion

Market structure

Fragmented

YoY growth (%)

3.57

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 36%

Key consumer countries

US, China, Germany, Italy, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alcoa Corp., Allegheny Technologies Inc., AMETEK Inc., BASF SE, Belmont Metals Inc., GKN Sinter Metals Engineering GmbH, Hoganas AB, Parshwamani Metals, Rio Tinto Ltd., and Sandvik AB

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Metal Powders Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive metal powders market growth during the next five years
  • Precise estimation of the metal powders market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the metal powders industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of metal powders market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The metal powders market growth will increase by $765.61 million during 2019-2024.
The metal powders market is expected to grow at a CAGR of 3.40% during 2019-2024.
Technavio has segmented the metal powders market by type (Ferrous metal powder, Non-ferrous metal powder, and Others) and geographic (North America, Europe, APAC, South America, and MEA).
Alcoa Corp., Allegheny Technologies Inc., AMETEK Inc., BASF SE, GKN Sinter Metals Engineering GmbH, Hitachi Chemical Co. Ltd., Hoganas AB, Praxair Inc., Rio Tinto Ltd., Sandvik AB are a few of the key vendors in the metal powders market.
North America will register the highest growth rate of 33.62% among the other regions. Therefore, the metal powders market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Germany
  • Italy
  • Japan
The key factors driving the metal powders market growth are:
  • Increasing demand from additive manufacturing (AM)
The metal powders market vendors should focus on grabbing business opportunities from the ferrous metal powder segment as it accounted for the largest market share in the base year.
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