Market Size of Metal Powder Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.00 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Asia-Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Metal Powder Market Analysis
The Global Metal Powder Market is projected to register a CAGR of above 4% during the forecast period (2022-2027).
The market was negatively impacted by COVID-19 in 2020. The COVID-19 pandemic has affected the metal powder market because of quarantined workforces, widespread shutdown of business, and disrupted supply chain. During the pandemic, many factories responsible for metal production such as iron, aluminum, bronze, and nickel for the metal powder industry were shut down. The closure of these manufacturing plants has dampened the sales of metal powder. The sectors like automobile, aerospace, and chemicals were on temporary hold. In the automobile industry, metal powder is used to produce complex parts such as steering and transmission components, braking & fuel systems & engine components. Therefore, the growth of the metal powder sector has been severely affected by dwindling sales of vehicles due to the COVID-19 pandemic.
- Over the short term, rising demand for lightweight parts in automotive and aerospace industry, increasing of different of 3D-printing technologies, and increasing use of electronic devices are some of the driving factors which are stimulating the market demand.
- Environmental implications of using metal powder are hindering the market's growth.
- However, increasing developments in medical industries as bridges, partials, and copings are fabricated from metal powders in the dental field is likely to create opportunities for the market in the coming years.
- Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
Metal Powder Industry Segmentation
Metal powders are fine particles of metals which used as a base material for many metal part production. The main characteristics of metal powders include the particle size distribution, the surface condition, particle shape, and the structure of the powder. Most types of metals and their alloys come in metal powders such as iron, aluminum, chromium, bronze, silicon, cobalt, metal carbides, and more. These metal powders are produced by different processes such as atomization, machining & grinding, reduction, and electrolytic precipitation. The metal powder market is segmented by process, type, end-user industry, and geography. By process, the market is segmented into atomization, reduction of compounds, electrolysis, and others. By type, the market is segmented into aluminum, nickel, iron, bronze, silicon, and other types. By end-user Industries, the market is segmented into transportation, electrical and electronics, medical, chemical and metallurgical, defense, construction, and other end-user industries. The report also covers the market size and forecasts for the metal powder market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilo tons).
Process | |
Atomization | |
Reduction of compounds | |
Electrolysis | |
Other Processes |
Type | |
Aluminum | |
Nickel | |
Iron | |
Bronze | |
Silicon | |
Other Types |
End-User Industry | |
Transportation | |
Electrical and Electronics | |
Medical | |
Chemical and Metallurgical | |
Defense | |
Construction | |
Other End-user Industries |
Geography | |||||||
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Metal Powder Market Size Summary
The metal powder market is poised for growth, driven by increasing demand in the automotive and aerospace industries, as well as advancements in 3D printing technologies. Despite the initial setbacks caused by the COVID-19 pandemic, which disrupted supply chains and halted production in key sectors, the market is recovering. The automotive industry, in particular, is a significant consumer of metal powder, utilizing it to manufacture complex components that enhance vehicle performance. The demand for lightweight and high-performance materials is propelling the use of metal powders, especially in the production of parts such as brake systems, chassis components, and turbochargers. Additionally, the expanding use of metal powders in the medical field, particularly in dental applications, presents new opportunities for market expansion.
The Asia-Pacific region is expected to lead the metal powder market, with China and India playing pivotal roles due to their robust automotive and electronics industries. China, as a major producer and exporter of automobiles and electronic products, significantly contributes to the region's market dominance. The country's ambitious automotive production targets and growing electronics sector are key factors driving demand for metal powders. Similarly, India's expanding automotive production and burgeoning aviation market further bolster the region's growth prospects. The market remains fragmented, with key players like Tekna Holding AS, BASF SE, and Sandvik AB investing in capacity expansion and technological advancements to meet the rising demand. These developments indicate a positive outlook for the metal powder market during the forecast period.
Metal Powder Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rising Demand for Lightweight Parts in Automotive and Aerospace Industry
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1.1.2 Increasing technology of 3D-printing Process
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1.1.3 Increasing Use of Electronic Devices
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1.2 Restraints
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1.2.1 Environmental Implications of Using Metal Powder
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Process
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2.1.1 Atomization
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2.1.2 Reduction of compounds
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2.1.3 Electrolysis
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2.1.4 Other Processes
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2.2 Type
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2.2.1 Aluminum
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2.2.2 Nickel
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2.2.3 Iron
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2.2.4 Bronze
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2.2.5 Silicon
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2.2.6 Other Types
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2.3 End-User Industry
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2.3.1 Transportation
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2.3.2 Electrical and Electronics
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2.3.3 Medical
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2.3.4 Chemical and Metallurgical
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2.3.5 Defense
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2.3.6 Construction
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2.3.7 Other End-user Industries
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 Italy
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2.4.3.4 France
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2.4.3.5 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East and Africa
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Metal Powder Market Size FAQs
What is the current Metal Powder Market size?
The Metal Powder Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Metal Powder Market?
Tekna Holding AS, BASF SE , AMETEK Inc., Sandvik AB and Showa Denko Materials Co., Ltd. are the major companies operating in the Metal Powder Market.