Analysis of Metal Powder Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~8% During 2024-2036 and Attain ~USD 15 Billion by 2036

Research Nester’s recent market research analysis on “Metal Powder Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor’s analysis and a detailed overview of the global Piezoelectric sensors market in terms of market segmentation by Metal Type, Production Method, End-User Industry, and by region
Various advantages of metal powder such as factors like improved design flexibility, enhanced material properties, cost-effective production, and complex geometries to Promote Global Market Share of the Metal Powder Market
The global metal powder market is estimated to grow majorly on account of the increasing demand for metal powder from the rising automotive industry, as metal powder has several advantages, including more design flexibility, superior material characteristics, cost-effective production, and complex geometries. Metal powders are widely used in the automobile industry for a variety of applications, including the production of engine components like pistons, connecting rods, and cylinder heads, as well as transmission gears, brake components, suspension systems, and structural parts. According to research, overall vehicle sales, including all categories, grew 12.5 percent to 2,38,53,463 units during the study period, up from 2,12,04,846 in 2022-23.
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Some of the major growth factors and challenges that are associated with the growth of the global metal powder market are:
Growth Drivers:
• The metal powder industry is expanding rapidly, driven in part by rising demand for metal additives.
• The rising adoption of additive manufacturing technologies, such as 3D printing, is one of the primary factors driving the growth of the metal powder market.
Challenges:
The price of the raw materials required to produce metal powder could make up a sizable amount of overall production costs. The price of metals that are frequently used to manufacture powder, like iron, steel, aluminum, titanium, and copper, might change depending on supply, demand, and world events. Energy-intensive procedures like atomization, precipitation, and sintering are used in the production of metal powder. A large quantity of energy is needed for the heat and melting of basic materials, their atomization or precipitation into microscopic powders, and their sintering to get the necessary characteristics. Expansion of the industry might be hindered by high energy costs, which have a significant impact on total production costs.
By metal type, the global metal powder market is segmented into ferrous and n0n-ferous. The ferrous segment is to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The segment's expansion can be ascribed to the many mechanical attributes offered by ferrous metal powders, including longevity, toughness, tensile strength, reduced expenses, magnetic characteristics, and extensive flexibility. These characteristics make ferrous metal powder useful across a wide range of industries, including automotive, power tools, construction, piping, shipping containers, and industrial piping. Furthermore, worldwide, ferrous metal is recycled to a great extent. globally, as a outcome, there is a very strong demand for recycled ferrous metal. For instance, eighty percent of all metallic materials are made of steel, a ferrous metal. As a result, it is frequently employed to produce metal powder, which supports the segment's expansion.
By region, the European metal powder market is to generate the highest revenue by the end of 2036. This growth is anticipated by the presence of major automobile companies in the region namely Volkswagen AG, Stellantis NV, Mercedes-Benz Group AG, Bayerische Motoren Werke AG, and Renault SA to name a few. This presence has created a robust opportunity for metal powder manufacturers to gain substantial growth in the region, as metal powder is used in various applications in automobile manufacturing. Studies suggest that, in 2022, the European Union produced 10.9 million passenger cars, an 8.3% increase from 2021. Additionally, government programs to recycle metals as a crucial part of an industry hedging strategy around decarbonization have also surfaced as a chance for the regional metal powder market to expand.
This report also provides the existing competitive scenario of some of the key players of the Carpenter Technology Corporation, Hoganas AB, GKN Plc., Rio Tinto, Allegheny Technologies Incorporated, American Chemet Corporation., Carl Schlenk AG, Hitachi Chemical Co., Ltd, Metaldyne Performance Group Inc and Sandvik AB
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