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Metal Powders - Global Market Trajectory & Analytics

  • ID: 338554
  • Report
  • February 2022
  • Region: Global
  • 466 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • American Chemet Corp.
  • Dowa Holdings Co., Ltd.
  • Federal-Mogul Corporation
  • Hoeganaes Corp.
  • Kennametal, Inc.
  • Miba AG

Global Metal Powders Market to Reach US$4 Billion by the Year 2026


Metal powders are base materials which are required for manufacturing metallic components for a number of industries. The global market is expected to witness steady growth in the coming year as automotive, aerospace & defense, construction and electrical/electronic recover slowly from the devasting effect of COVID-19. Demand for metal powders for use in the manufacture of different components and materials is expected to recover in 2021 and witness increased growth in 2022 and beyond. Further, the projected rise in crude oil & natural gas exploration and drilling activities globally are likely to extend new opportunities. Simultaneously, the newfound interest from the healthcare, medical, dentistry and biotechnology sectors would encourage the prospects for powder metals in these verticals. Increased mechanization of the agricultural sector are poised to push the future demand for advanced, custom-made machine tools. Further, the increasing role of robotic tools in the production floor and technological innovations will sustain the growth momentum in the machine tools market.

Amid the COVID-19 crisis, the global market for Metal Powders estimated at US$2.9 Billion in the year 2020, is projected to reach a revised size of US$4 Billion by 2026, growing at a CAGR of 5.6% over the analysis period. Ferrous, one of the segments analyzed in the report, is projected to grow at a 5.5% CAGR to reach US$3.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Ferrous segment is readjusted to a revised 6.2% CAGR for the next 7-year period. This segment currently accounts for a 20.6% share of the global Metal Powders market. Ferrous powders, comprising Iron powder and Stainless steel powders, represent the largest type of metal powders. They are used in various industrial applications because of their low production costs, good source of minerals, and excellent chemical, physical and magnetic properties.



The U.S. Market is Estimated at $1.1 Billion in 2021, While China is Forecast to Reach $ 461.1 Million by 2026


The Metal Powders market in the U.S. is estimated at US$1.1 Billion in the year 2021. The country currently accounts for a 35.46% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$461.1 Million in the year 2026 trailing a CAGR of 7.8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR while Rest of European market (as defined in the study) will reach US$497.9 Million by the end of the analysis period. The US and Europe are the largest regions for metal powders globally. Metal powder market growth had so far been strongest in the US, in particular from the automotive, electrical and healthcare industries. Strong demand for metal powders in the region is also anticipated to emerge from the steel industry and from metal additive manufacturing which is being increasingly used for manufacturing aerospace components. In Europe, factors such as increased focus on environmental sustainability and increased consumer awareness with regard to eco-friendly products provide lucrative growth opportunities for metal powder manufacturers. Growing number of powdered metal manufacturers in the Asia-Pacific region in recent times especially has been boosting revenue contribution of the region in the global market.

Non-Ferrous Segment to Reach $ Million by 2026


Nonferrous powder metallurgy technology includes various powder consolidation techniques that have lower cost of production because of removal of material waste and machining steps in addition to high performance components that are superior in quality to customary ingot metallurgy. Nonferrous powder and components industry is experiencing new growth opportunities, as new forming techniques are surfacing. In the global Non-Ferrous segment, USA, Canada, Japan, China and Europe will drive the 6.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$513.1 Million in the year 2020 will reach a projected size of US$772 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$69.3 Million by the year 2026.

Select Competitors (Total 148 Featured) -

  • Allegheny Technologies Incorporated
  • American Chemet Corp.
  • AMETEK Specialty Metal Products Inc.
  • Burgess-Norton Manufacturing Company
  • Carpenter Technology Corporation
  • Daido Steel Co., Ltd.
  • Diamet Corporation
  • Dowa Holdings Co., Ltd.
  • Erasteel SAS
  • F. W. Winter Inc. & Co.
  • Federal-Mogul Corporation
  • Fine Sinter Co., Ltd.
  • Hoeganaes Corp.
  • H.C. Starck GmbH
  • Höganäs AB
  • JFE Steel Corp.
  • Kennametal, Inc.
  • Kobe Steel, Ltd.
  • Kymera International
  • Miba AG
  • Norilsk Nickel
  • PMG Holding GmbH
  • Pometon SpA
  • Rio Tinto Metal Powders
  • Showa Denko Materials Co., Ltd.
  • Sumitomo Electric Industries, Ltd.
Frequently Asked Questions about the Global Market for Metal Powders

What is the estimated value of the Global Market for Metal Powders?

The Global Market for Metal Powders was estimated to be valued at $2.9 Billion in 2020.

What is the growth rate of the Global Market for Metal Powders?

The growth rate of the Global Market for Metal Powders is 5.5%, with an estimated value of $4.0 Billion by 2026.

What is the forecasted size of the Global Market for Metal Powders?

The Global Market for Metal Powders is estimated to be worth $4.0 Billion by 2026.

Who are the key companies in the Global Market for Metal Powders?

Key companies in the Global Market for Metal Powders include Allegheny Technologies Incorporated, American Chemet Corp., AMETEK Specialty Metal Products Inc., Burgess, Norton Manufacturing Company, Carpenter Technology Corporation, Daido Steel Co., Ltd., Diamet Corporation and Erasteel SAS.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • American Chemet Corp.
  • Dowa Holdings Co., Ltd.
  • Federal-Mogul Corporation
  • Hoeganaes Corp.
  • Kennametal, Inc.
  • Miba AG

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Metal Powders - A Prelude
  • Metal Powders Classification
  • Ferrous Powders
  • Iron Powder
  • Stainless Steel Powder
  • Non-Ferrous Powders
  • Aluminum Powder
  • Types of Atomized Aluminum Powders
  • Copper (and Copper Alloy) Powder
  • Nickel Powder
  • Titanium Powder
  • Manufacturing Metal Powders
  • Choosing the Powder Metal Material
  • Making the Metal-Based Powder
  • Atomization
  • Electrolysis
  • Chemical
  • Centrifugal Atomization
  • Manufacturing Powder Metal Parts
  • Impact of Covid-19 and a Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Impact of COVID-19 Pandemic on the Metal Powder Market
  • The Coronavirus’ Impact on Metal Prices & Manufacturing Slowdown
  • Industrial Activity to Remain Subdued in the Immediate Term
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • Metal Powders - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Market Outlook
  • Metal Powders Market to Witness Growth as End-use Industries Stabilize
  • US and Europe Represent the Largest Regions, Developing Regions to Drive Market Growth
  • COVID-19 Hits the Once-Booming Asian Market
  • Manufacturing PMI Indices for Select Asian Countries for Jan 2021 to May 2021
  • Additive Manufacturing to Offer Strong Future Growth Potential
  • Metal Powder Demand in the Sphere of Additive Manufacturing to Soar in Future
  • Automotive Industry - The Largest End-Use Industry for PM Products
  • Anticipated Recovery in Automotive Industry in Post COVID-19 Period to Instigate Fresh Growth Opportunities for Metal Powders
  • World Automobile Production in Million Units: 2008-2022
  • Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019
  • Rising Focus on New & Efficient Aerospace Components to Fuel Demand in Post COVID-19 Period
  • Medical and Electronic Industries to Also Create Demand for Metal Powders
  • Ferrous Powders Account for a Major Share, Non-ferrous to Witness Rapid Growth
  • Competition
  • Powder Metallurgy Market Players
  • Global Leading Players in the Powder Metallurgy Market (2020): Percentage Breakdown of Value for GKN-Hoeganaes, Sumitomo, Fine Sinter, and Others
  • Leading Players in the Global Sinter Metals Market (2020): Percentage Breakdown of Value for GKN, Sumitomo, Hitachi, Fine Sinter, Miba, and Others
  • Recent Market Activity
  • Innovations & Advancements
  • MAJOR BRANDS

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Expanding Applications Drive Powder Metals Market
  • Metal Powders in Additive Manufacturing to Grow Significantly
  • Major Additive Manufacturing Processes, Usage Applications and Powder Requirements
  • Application Profile of Additive Manufacturing - An Overview
  • Existing Hurdles to Metal Powders in Additive Manufacturing
  • Metal Injection Molding (MIM) PM Components Set to Flourish in Future
  • Newer Advances and Technological Breakthroughs in Powder Metallurgy Drive Market Growth
  • Aluminum Sintering Inches towards Reality
  • VVT Components - A Peek into Opportunities and Hurdles
  • Marked Trends towards Finer Powders and Advanced PM Parts
  • Nanopowders: A Major Area of Focus
  • Increasing Focus on Green Technology
  • Advancements in Powder technology Extend Medical Possibilities
  • New Metal Powder Technological Advancements for Nuclear Components
  • Cold-isostatic Pressing of Metal Powders
  • Metal Granules Impart a Metallic Finish to Objects
  • Future Growth for the PM Industry
  • Diversification
  • Sustainability
  • Investments in Technology
  • A REVIEW OF MAJOR END-USE SECTORS
  • Automotive Industry
  • Benefits for Automotive Industry
  • Auto Industry Shifts towards Light Metal Parts
  • Global Commercial Vehicle Production by Top 20 Countries: 2011-2020 (in Thousand Units)
  • Prospective Automotive Applications
  • Carrier Housings
  • VVT
  • Geographic Variations Exist in PM Usage in Automobiles
  • Aerospace
  • PM Material in Aerospace Applications
  • 3D Printing or Additive Manufacturing Gains Foothold in Aerospace Industry
  • Slowdown in the Aerospace Sector amidst Covid-19 Affects Near-Term Milling Machine Demand
  • Global Airlines Performance by Region: 2019 Vs. 2021
  • Global Commercial Aircraft Fleet Size (in Units) by Aircraft Type for the Years 2018 and 2038
  • Global Commercial Aircraft Fleet Size (in Units) by Geographic Region for the Years 2018 & 2038
  • COVID-19-Led Economic Downturn Weighs on Construction Sector
  • Global Construction Reset & Trajectory: Growth Outlook (In %) For Years 2019 Through 2025
  • Infrastructure Spending to Bring COVID-19 Hit Economies Back on Track
  • Global Infrastructure Spending: Projected Infrastructure Investment Needs (in $ Trillion) by Sector Over the Period 2016-2040
  • Mechanization of Agriculture to Drive the Demand for Metal Powders
  • Mining Equipment to Boost Growth in Powder Metallurgy Market Post-Pandemic
  • DIY Tools and Domestic Appliances - Emerging End-Use Industries
  • PM Material in Healthcare Industry
  • New Metal Powders Foray into the Market

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Metal Powders Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Metal Powders Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Metal Powders Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Metal Powders Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Metal Powders Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Metal Powders Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Metal Powders Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

REST OF EUROPE

ASIA-PACIFIC

  • Metal Powders Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

REST OF WORLD

IV. COMPETITION

  • Total Companies Profiled: 148
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Allegheny Technologies Incorporated
  • American Chemet Corp.
  • AMETEK Specialty Metal Products Inc.
  • Burgess-Norton Manufacturing Company
  • Carpenter Technology Corporation
  • Daido Steel Co., Ltd.
  • Diamet Corporation
  • Dowa Holdings Co., Ltd.
  • Erasteel SAS
  • F. W. Winter Inc. & Co.
  • Federal-Mogul Corporation
  • Fine Sinter Co., Ltd.
  • Hoeganaes Corp.
  • H.C. Starck GmbH
  • Höganäs AB
  • JFE Steel Corp.
  • Kennametal, Inc.
  • Kobe Steel, Ltd.
  • Kymera International
  • Miba AG
  • Norilsk Nickel
  • PMG Holding GmbH
  • Pometon SpA
  • Rio Tinto Metal Powders
  • Showa Denko Materials Co., Ltd.
  • Sumitomo Electric Industries, Ltd.
Note: Product cover images may vary from those shown