A recent market intelligence report that is published by Data Insights Partner on the global Metal Powder Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Metal Powder Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Metal Powder Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Metal Powder Market is offered. In accordance with the report, the global Metal Powder Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Metal that can be found in powdered form is known as metal powder. Metal powders include iron powder, nickel powder, aluminum powder and many more. The production of metal powders is cost effective. Various techniques by which metal powder is produced include Centrifugal Atomization, Liquid Atomization, Gas Atomization and Direct Reduction. Metal powders are of superior quality and versatile. Metal processing technology that makes use of metal powders to produce the final commodity is known as powder metallurgy.
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Powder metal is being increasingly utilized in the manufacturing sector owing to its recyclability, cost-efficiency, lower levels of waste generation, and high-volume capability. Growing population and the increasing purchasing power is positively influencing the manufacturing sector. The flourishing manufacturing industry and the adherence to additive manufacturing process is fueling the growth of the metal powder market.
The soaring drive for the application of lightweight products in the automobile sector is driving the growth of this market. The broadening consumer vase for electric vehicles and the continuously rising production of automotive is bolstering the growth of this market. The craze for sustainable development by alleviating GHG emissions which is the result of lightweight components is charging the growth of the metal powder market.
Certain metal powders like aluminum powder are used in the production of solar cells under the green energy sector. The growing traction of the power and utility sector is empowering the growth of this market.
The marine industry makes use of nickel powder owing to its corrosive resistance. The growing water-based activities like deep water mining activities and many others is positively influencing the metal powder market.
Metal powder is also widely used in the healthcare sector for the production of advanced medical equipment like blacking hook, graspers, forceps, surgery blades, blacking plates, and many more. The thriving healthcare sector along with the consumer propensity to pay for finished commodities is boosting the metal powder market growth.
The cost of producing metal powder is immoderately high and only lowers a little in case of mass production which is severely straining the growth of the metal powder market.
The complexity of handling metal powder is taking a toll on the metal powder market growth.
The growing penetration of metal injection molding and additive manufacturing in developing economies is expected to provide lucrative opportunities to this market.
Titanium-based medical implants in the direction to provide deformation solutions of vertebrae, bones and human skull is a good scope to kickstart operation in this market.
The thriving end use sector and the growing application of metal powder in many activities like production of nickel-cadmium batteries, welding rods, transparent conductors, glazing ceramics is bankable opportunities to better performance.
The Asia Pacific region is expected to witness significant growth in the forecast period owing to the soaring demand of metal powder in the aerospace and automotive sector and the operation of producers of small-size and medium-size components for press and sinter products. In the North American region, the powder forging technology can be traced as a reason for the significant progress of the metal powder market in this region. Metal injection molding technology and additive manufacturing technology is projected to globally dominate the metal powder market in the forecast period owing to the growing digitalization across the globe.
This market intelligence report on the global Metal Powder Market encompasses market segments based on metal type, technology, application and country.
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By Metal Type the global Metal Powder Market has been divided into:
By Technology the global Metal Powder Market has been divided into:
q Additive Manufacturing
q Metal Injection Moulding
q Press and Sinter
By Application the global Metal Powder Market has been divided into:
q Aerospace and Defence
By country/region, the global Metal Powder Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q GKN Plc
q BASF SA
q Rio Tinto
q H.C. Starck
q Hoganas AB
q Miba Group
q Carpenter Technology Corporation
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Metal Powder Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
In February 2018, Sandvik invested $25 million in a brand-new plant for the production of nickel and titanium fine metal powders. The new plant was supposed to be operational in 2020.
In February 2018, Farsoon and BASF SA signed a strategic contract with the objective of offering consumers a 3D Printing based PA in China. BASF SA launched Ultrasint PA6 XO43 Black that would withstand adverse environmental condition, would be lightweight, and have an optimum shape.
In October 2017, a MoU was signed in between GKN Plc, Arcam AB, Concept Laser, GE Additive to collaborate in additive manufacturing. According to this agreement, GKN would be the production center and power supplier of GE Additive and additive machines and services would be supplied by GE and its subsidiary to GKN.
Ø This study offers comprehensive yet detailed analysis of the Metal Powder Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Metal Powder Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Metal Powder caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Metal Powder Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Metal Powder Market
v Identification of key factors driving investment opportunities in the Metal Powder Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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