The future of the global metal powder market looks promising with opportunities in the automotive, manufacturing, medical, and electrical & electronics markets. The global metal powder market is expected to reach an estimated $12.3 billion by 2030 with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are high demand for powder metallurgy manufactured components, growth of electronic devices, and surging demand for lightweight parts in automotive and aerospace sectors.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the metal powder market by
metal type (ferrous and non-ferrous), production method (mechanical method and
chemical method), end use (automotive, manufacturing, medical, electrical &
electronics, and others), and region (North America, Europe, Asia Pacific, and
the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, ferrous
and non-ferrous are the major segments of metal powder market by metal type.
Lucintel forecasts that ferrous will remain the largest segment over the
forecast period due to rising utilization across diverse end-use sectors owing
to its better durability and affordability.Within this market, automotive will
remain the largest segment due to growing integration of technology in
vehicles.
APAC is expected to
witness highest growth over the forecast period due to rapid industraliazation
and expanding aircraft delivery and ordering capabilities in the region.
Rio Tinto Metal Powder,
Sandvik, Carpenter Technology Corporation, Hoganas, GKN Powder Metallurgy, ATI,
Praxair Surface Technologies, H.C. Starck, Kymera International, and BASF are
the major suppliers in the metal powder market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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