Metal Powder Market Forecast to Surge by 2031

Meticulous Research® has published a new report, indicating that the Metal Powder Market is set to grow to $10.2 billion by 2031, with a 6.2% CAGR. The market's expansion is supported by growing demand for additive manufacturing and efforts to recycle metal waste. Health hazards associated with metal powder may, however, pose a barrier to growth.

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Challenges and Opportunities in the Market

The increasing demand for lightweight parts and advancements in powder metallurgy are creating lucrative opportunities. Yet, maintaining metal powder quality remains a significant challenge for the market.

Metal Type Segment Overview

Ferrous metal powders, accounting for over 65% of the market in 2024, will dominate due to their wide application in industries such as construction and automotive. Meanwhile, the non-ferrous segment will grow at the highest CAGR, driven by increased use of composite materials and new alloy innovations.

Application Breakdown

Pressing & sintering will lead in market share in 2024, due to its cost-effective production of solid parts. However, additive manufacturing is set to grow at a 9% CAGR, fueled by innovations in lightweight components for industries such as aerospace and automotive.

Sustainability and Production Insights

Recycled metal powder will make up 56% of the market by 2024, reflecting an industry-wide focus on sustainability. The mechanical production method will also dominate, accounting for 44% of the market due to its cost-efficiency and ability to produce fine powders.

End-User and Geographic Trends

Heavy machinery & tools will lead the end-user market in 2024, while the aerospace & defense segment will grow the fastest. The Asia-Pacific region, with its strong industrial growth, will account for the largest share at 37%, and will grow the fastest, with a CAGR of 7.5%.

Conclusion

The metal powder market is on a strong growth trajectory through 2031, driven by sustainability efforts and innovations in manufacturing processes. However, addressing the challenges of quality control and safety will be crucial for future success.

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Key Players:

Some of the key players operating in the metal powder market are Höganäs AB (Sweden), GKN Powder Metallurgy (U.K.), Advanced Technology & Materials Co., Ltd. (China), Sandvik AB (Sweden), AMETEK Inc. (U.S.), Tekna Holding ASA (Canada), BASF SE (Germany), Aubert & Duval (France), Alcoa Corporation (U.S.), ATI Inc. (U.S.), Carpenter Technology Corporation (U.S.), RusAL (Russia), Rio Tinto (U.K.), Kymera International (U.S.), and Praxair S.T. Technology, Inc. (U.S.)

Key questions answered in the report-

Which are the high-growth market segments based on metal type, application, source, production, and end user?
What was the historical market for metal powder?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, restraints, and opportunities in the metal powder market?
Who are the major players, and what shares do they hold in the metal powder market?
What is the competitive landscape like in the metal powder market?
What are the recent developments in the metal powder market?
What are the different strategies adopted by the major players in the metal powder market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the metal powder market, and how do they compete with the other players?

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