Metal Powder Market Size (2024 - 2029)

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).