Report Description
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:
Definition
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.
Market Drivers
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.
Market Restraints
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.
Opportunities
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.
Trends
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.
Segment Covered:
This market
intelligence report on the global Metal Powder Market encompasses market segments based on metal type, technology,
application and country.
By Metal
Type the global Metal Powder Market has been divided into:
q Ferrous
q Non-Ferrous
o Aluminium
o Copper
o Nickel
q Others
By Technology the global Metal Powder
Market has been divided into:
q Additive
Manufacturing
q Metal
Injection Moulding
q Press
and Sinter
q Others
By Application
the global Metal Powder Market has been divided into:
q Healthcare
q Aerospace
and Defence
q Automotive
q Others
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 Sandvik
q GKN Plc
q BASF SA
q Rio
Tinto
q Alcoa
q H.C.
Starck
q Hoganas
AB
q ATI
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.
Report Highlights:
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
Sandvik
In February
2018, Sandvik invested $25 million in a brand-new plant for the production of
nickel and titanium fine metal powders. The new plant was supposed to be
operational in 2020.
BASF SA
In February
2018, Farsoon and BASF SA signed a strategic contract with the objective of
offering consumers a 3D Printing based PA in China. BASF SA launched Ultrasint
PA6 XO43 Black that would withstand adverse environmental condition, would be
lightweight, and have an optimum shape.
GKN Plc
In October 2017,
a MoU was signed in between GKN Plc, Arcam AB, Concept Laser, GE Additive to
collaborate in additive manufacturing. According to this agreement, GKN would
be the production center and power supplier of GE Additive and additive
machines and services would be supplied by GE and its subsidiary to GKN.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Metal Powder
Market, size of the market (US$ 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