Metal Powders Market To Reach $12.1 Billion By 2031: TMR

Wilmington, Delaware, USA, September 21, 2022 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The metal powders market revenue is expected to reach a value of US$12.1 billion by the end of 2031, according to the study by Transparency Market Research (TMR). Further, the study highlights that the market is expected to grow at a CAGR of 4.4% during the forecast period, 2022 to 2031.

The TMR report offers an in-depth study of the factors impacting the growth of the global Metal Powders market. Thus, the readers have access to the study on the growth opportunities, restraints, challenges and recent market developments. Additionally, the assessment covers information on key market segments of the Metal Powder market and the future outlook for the Metal Powder market.

Metal powder manufacturers are expected to benefit from notable business opportunities in Asia Pacific during the forecast period. The growth of the metal powders market in Asia-Pacific is attributed to many factors, including the expansion of the automotive industry in many emerging economies such as India, China, and Japan in the region.

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Metal Powder Market: Key Findings

  • Different types of automotive components are made using metal powder. Components developed using metal powders are used in the manufacture of different automotive components such as engine parts, transmission parts, exhaust systems, chassis components and oil pumps. The demand for different types of vehicles such as trucks, passenger cars and heavy duty vehicles is increasing in recent years. Hence, the expansion of the automotive industry is expected to drive the growth of the metallurgical power market over the forecast period.
  • The production of structural components is one of the main applications of metal powders. Steel and iron are important ingredients used in structural components. Advanced cost-performance ratios for parts developed from the metallurgical process, tighter tolerance components and less waste encourage companies to implement press and sintering technologies, analysts of TMR study note in the global metal powder market.
  • In recent years, there has been an increase in the use of structural components in different applications, including motorcycles, agricultural machinery and household appliances. This factor opens up lucrative opportunities in the metal powders market. That aside, the demand for metal powder is increasing due to an increase in the use of thinner and lighter components with superior dimensional accuracy, heat treatment and sintering. These factors are expected to drive the growth of the global metal powder market in the near future.

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Metal Powder Market: Growth Boosters

  • The rapid expansion of the automotive industry and increasing automobile sales globally are fueling the demand opportunities in the metal powders market.
  • Increase in the use of metal powder in the production of structural components and additives is boosting the prospects for the expansion of the metal powder market

Metal Powder Market: Key Players

Some of the key players profiled in the report are:

  • Sandvik AB
  • BASF SE
  • Rio Tinto
  • GKN Plc.
  • JFE Holdings, Inc.
  • Hoganas AB
  • Alcoa Company
  • Vale S.A.
  • GGP Metalpowder SA
  • Laiwu Iron & Steel Group Powder Metallurgy Co.,Ltd
  • Metal Powder Company Limited
  • Sarda Industrial Companies
  • MMP Industries Ltd. (MMPIL)
  • Arasan Aluminum Industries (P) Ltd
  • Shakambari Enterprises (India) Pvt. ltd.
  • Deva Metal Powders Pvt. ltd
  • Sri Kaliswari Metal Powders Pvt Ltd
  • Innomet Powders
  • DM metal powder
  • Industrial Metal Powders (India) Pvt. ltd.

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Global Metal Powders Market Segmentation

Type:

  • iron and steel
  • Aluminum
  • Copper
  • Nickel
  • Others

Application:

  • Automotive
  • Electrical and Electronic
  • Machinery
  • Others

Regions covered:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

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About Transparency Market Research

Transparency Market Research, a global market research firm registered in Wilmington, Delaware, USA, provides personalized research and advisory services. The company examines the factors that shape demand dynamics in various markets. Market insights and insights assess opportunities in various segments. Opportunities in segments based on source, application, demographics, sales channel, and end-use are analyzed which will determine the growth of the markets over the next decade.

Our proprietary blend of quantitative forecasting and trend analysis delivers forward-looking insights to thousands of decision makers, made possible by experienced teams of analysts, researchers and consultants. Proprietary data sources and the various tools and techniques we use always reflect the latest trends and information. With a broad research and analytical capability, Transparency Market Research uses rigorous primary and secondary research techniques in all of its trade reports.

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Transparency Market Research Inc.
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