Sarasota, FL -- (SBWire) -- 04/12/2019 --Zion Market Research has published a new report titled "Metal Powder Market By Type (Ferrous, Non-Ferrous, and Others), By Production Method (Physical, Mechanical, and Chemical), and By Application (Automotive, Construction, Electrical & Electronics, Medical/Health Care, Aerospace & Defense, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025". According to the report, the global metal powder market was valued at around USD 3,543 million in 2018 and is expected to reach approximately USD 4,776 million by 2025, at a CAGR of around 6.97% between 2019 and 2025.
The metal powder is a finely powdered form of solid metal that usually contains smaller particles with a maximum dimension of approximately1000 µm. These particles are the smallest unit of powder. Most metal powders contain particles that range from 25 to 200 µm in size. Generally, these powders are purely metallic, while in some cases they are mixed with other forms, such as ceramics or polymers. The metal powder is an intermediate between liquid and solid metal. These powders are used in a variety of consolidation processes, such as extrusion, injection molding, blending, compaction, and sintering. Grinding and gas atomization are the most common methods used to produce metal powders.
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The rapidly developing end-use industries and continuous research and development activities in metal powder manufacturing and processing are driving the growth of the global metal powder market. The increasing number of government investments for infrastructural development and industrial progress is expected to drive the growth of the metal powder market in developing countries over the forecast timeline.
Based on type, the market is segmented into ferrous, non-ferrous (aluminum, copper, and nickel), and others (silver, platinum, and gold). The ferrous metal powder segment held a major market share in terms of revenue in 2018, due to the growing use of iron and stainless steel powder in a wide range of applications, such as machinery components, chemical additives, and automotive parts. Based on the production method, the global metal powder market is segmented into physical, chemical, and mechanical. The chemical segment is estimated to register a considerable growth rate over the forecast timeline. Based on application, the metal powder market is segmented into automotive, construction, electrical and electronics, medical/health care, aerospace and defense, and others (decorative and entertainment, etc.). The automotive segment is likely to exhibit major growth in the future, owing to the rapid developments and increasing investments made in the industry across the globe. The construction and electronics and electrical sectors are estimated to register considerable growth in the future, owing to the increasing number of research and development activities in the respective industries.
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By region, the North American metal powder market is likely to exhibit rapid growth in the future, owing to the tremendous developments in additive manufacturing, rising health concerns, the prevalence of chronic diseases, and rising aging population. The European metal powder market is anticipated to register significant growth in the years ahead, due to the increasing use of chrome-plated metal powder in the aerospace industry, increasing demand for lightweight and more fuel efficient vehicles, and high production of automobiles in the region.
Some key players of the global metal powder market are ATI Powder Metals, Hoganas AB, Aubert & Duval, Rio Tinto, GKN Plc., Arconic Inc., Metaldyne Performance Group Inc., Hitachi Chemical Co., Ltd., Praxair Technology Inc., Renishaw, BOHLER Edelstahl GmbH & Co KG, Carpenter Technology Corporation, Sandvik AB, Miba AG.
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This report segments the global metal powder market as follows:
Global Metal Powder Market: Type Analysis
Ferrous
Non-Ferrous
Aluminum
Copper
Nickel
Others (Silver, Gold, and Platinum)
Global Metal Powder Market: Production Method Analysis
Physical
Chemical
Mechanical
Global Metal Powder Market: Application Analysis
Automotive
Construction
Electrical and Electronics
Medical/Health Care
Aerospace and Defense
Others (Decorative & Entertainment, etc.)
Global Metal Powder Market Is Expected to Reach USD 4,776 Million by 2025
Global Metal Powder Market Is Expected To Reach USD 4,776 Million By 2025