What is the Historical Analysis of the Metal Powder Market Size?
The metal powder market has seen considerable growth due to a variety of factors.
•In recent times, there has been significant growth in the metal powder market. Its size is anticipated to increase from $7.57 billion in 2024 to $8.12 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.2%.
Factors contributing to this growth during the historic period include demand from the medical device manufacturing industry, consumer electronics, the automotive sector, the affordability of production, and rising demand for customization.
What is the Forecasted Growth of the Metal Powder Market Size?
The metal powder market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of metal powder is anticipated to witness robust growth in the forthcoming years, expanding to $10.98 billion by 2029, with a compound annual growth rate (CAGR) of 7.8%.
The expected growth during the forecast period can be credited to a surge in rapid prototyping applications, the proliferating wearable devices market, medical microfluidics, automotive interior components, and biodegradable materials. The key trends during this projection period are anticipated to be improvements in material science, customized prototyping, sustainability measures and material recycling, progress in mold design techniques and technology, and intelligent packaging solutions.
What Key Factors and Trends are Driving the Growth of the Metal Powder Market?
The surge in demand for electric vehicles is predicted to fuel the expansion of the metal powder market. These vehicles, characterized by their electricity-powered motors and battery charging systems, use metal powder to create components that are more lightweight than traditional forged options. These components are utilized in processes such as battery production, motor production, and 3D printing to generate lightweight, high-strength parts. As an illustration, in the first quarter of 2023, over 2.3 million electric cars were purchased as reported by the Internal Energy Agency, a self-governing body based in France. These sales figures represent a 25% increase compared to the same period in 2022. By the conclusion of 2023, sales are projected to hit the 14 million mark, a 35% increase from the previous year, with the growth pace expected to quicken in the latter half of the year. Consequently, the growing demand for electric vehicles is a significant driver for the expansion of the metal powder market.
What are the Market Segments in the Metal Powder Market?
The metal powder market covered in this report is segmented –
1) By Type: Ferrous, Non-Ferrous, Other Types
2) By Process: Atomization, Reduction Of Compounds, Electrolysis, Other Processes
3) By Application: Additive Manufacturing, Powder Metallurgy, Metal Injection Molding, Other Applications
4) By End-Use Industry: Transportation, Electrical And Electronics, Medical, Chemical And Metallurgical, Defense, Construction, Other End-User Industries
Subsegments:
1) By Ferrous: Iron Powder, Steel Powder, Alloy Steel Powder, Stainless Steel Powder
2) By Non-Ferrous: Aluminum Powder, Copper Powder, Titanium Powder, Nickel Powder, Cobalt Powder
3) By Other Types: Precious Metal Powders, Specialty Metal Powders
Pre-Book The Metal Powder Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends are Shaping the Metal Powder Market?
The evolution in 3D printing solutions is a significant trend making waves in the metal powder market. Leading entities in the marketplace are focusing on crafting unique 3D printing techniques to develop enhanced lightweight, high-strength components using metal powders, which can escalate the performance and functionality of vehicles. For example, Eplus3D Tech GmbH, a corporation from Germany known for developing and producing advanced 3D printing technologies and systems for industrial uses, unveiled the EP-M400 in April 2023. It's a fresh quad-laser metal powder bed fusion 3D printer designed to boost productivity and efficiency in the additive manufacturing industry by allowing high-speed and precision printing of metal components using metal powders as the foundation material. This EP-M400 3D printer comes with an open-system structure suitable for using various metal powders such as nickel-based alloys, tool steels, die steels, aluminum alloys, titanium alloys, and copper alloys.
Who Are the Key Players in the Metal Powder Market?
Major companies operating in the metal powder market include:
• Allegheny Technologies Incorporated
• BASF SE
• Carpenter Technology Corporation
• GKN plc
• Hoganas AB
• Polema Industries Limited
• Rio Tinto Limited
• Sandvik AB
• Showa Denko Materials Co. Ltd.
• AMETEK Inc.
• Royal Metal Powders Inc.
• American Axle & Manufacturing Inc.
• American Chemet Corporation
• Molyworks Materials Corporation
• Sagwell USA Inc.
• 3A Composites
• Xiamen Tungsten Co.Ltd.
• Shandong Luyin New Material Technology Co. Ltd.
• JFE Steel Corporation
• Hangzhou Yitong New Materials Co. Ltd.
• Alcoa Corporation
• Shandong Xinfa Aluminum Group
• Hunan Ningxiang Jiweixin Metal Powder Co. Ltd.
• Angang Group Aluminium Powder Co. Ltd.
• GGP Metalpowder AG
• Kymera International
• Mitsubishi Chemical Corporation
• Sumitomo Chemical Co. Ltd.
• Nippon Steel & Sumikin Foil Co. Ltd.
• H.C.Strack GmbH
What are the Regional Insights into the Metal Powder Market?
Asia-Pacific was the largest region in the metal powders market in 2024. The regions covered in the metal powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
