Metal Powder Market Global Industry Share, Segments & Key Drivers, 2023

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Metal Powder Market Research Report - Forecast to
2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Metal Powder Market Research Report- Forecast to
2023
Metal Powder Market - Overview
The Global Market for Metal Powder is possibly
going to achieve a CAGR of more than 3 during
the forecast period (2017-2023), says Market
Research Future (MRFR). Growth Boosters and Key
Barriers Rising adoption of additive
manufacturing, coupled with the increasing demand
for lightweight components within the automotive
sector, could favor market growth. Additive
manufacturing is also called 3-D printing, known
for imprinting excellent shades within the
manufacturing sector, based on the phasing in of
advanced technologies including digitalization to
cope up with additive manufacturing which is
blended with Metal Powder to make a 3D prototype.
It is believed that the 3D-Printing Market could
demonstrate double-digit growth in the coming
years. Lightweight material is gaining immense
popularity in the automotive industries, on
account of its beneficial properties, including
high accuracy and high life expectancy, among
others. Materials that are lightweight, such as
aluminum (Al) alloys, high-strength steel,
polymer composites, carbon fiber, and magnesium
(Mg) alloys can directly decrease the entire
weight of the body as well as the chassis of a
vehicle by almost 50. This factor is poised to
drive the demand for Metal Powder in the
automotive Industry. The surge in adoption of
additive manufacturing within aerospace and
healthcare industries leaves a lucrative effect
on the market. 3D-Printing Technology or additive
manufacturing has gained plenty of traction in
the medical industry to make high-quality medical
equipment that can perform critical operations in
less time. For instance, the U.S. Food and Drug
Administration (FDA) recently approved spinal
implants that were created from titanium alloys
using the 3D-printing technology. Therefore, the
boost in the adoption of 3D-printing technology
across numerous end-user industries could do
wonders for the market in the subsequent years.
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Metal Powder Market Research Report- Forecast to
2023
Segmental Analysis
The Global Metal Powder Market is segmented
based on Type, Production Method, Compaction
Technique and End-User Industry.Depending on
the Type, the market is split into non-ferrous,
ferrous, and others.With respect to the
Production Method, the Metal Powder Market can be
considered for physical method, chemical method,
and mechanical method. Compaction Technique-Wise,
the market is bifurcated based on cold compaction
technique and hot compaction technique. The
End-User Industries in the market are
transportation, electrical and electronics,
building and construction, and others. View Full
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Metal Powder Market Research Report- Forecast to
2023
Regional Outlook
The Worldwide Metal Powder Market is spread
across the primary regions of Europe, Asia
Pacific, Latin America, Middle East Africa and
North America. Asia Pacific covers the
substantial portion of the market and can expect
to expand at the fastest rate during the review
period. Rapidly expanding industries as well as
urbanization in the region fuels the growth of
Metal Powder Market in the developing economies.
Furthermore, lucratively increasing electrical
and electronic and automobile industry within the
region on account of the tax benefits and
availability of cheap labor boosts the market as
well. The burgeoning population, primarily in
India and China has given a boost to the
construction and automobile sector, further
contributing to the market growth. India, China,
and Japan are the biggest consumers of Metal
Powder within the region. Another dominant
region, North America benefits from the high
demand for Metal Powder across established
end-user industries including building
construction, electronics, and transportation,
among others. Presence of prominent construction
machinery manufacturers in the region also adds
to the market growth. The new construction in the
United States (U.S.) has been estimated at USD
1.16 trillion and can grow further very soon due
to ongoing investments, particularly in New York
City. Europe market shows remarkable development,
chiefly driven by the advanced construction,
automobile and electrical electronics sector.
The expansion of the metal fabrication industry
combined with the rising infrastructural
development could aid in market expansion. In
addition, surging research and development (RD)
activities within the automobile sector
accelerates the use of Metal Powder backed by the
hike in demand for lightweight vehicles.
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Metal Powder Market Research Report- Forecast to
2023
Major Players in this Research

• Metal Powder Market Prominent Players
• Sandvik AB (Sweden)
• Carpenter Technology Corporation (U.S.)
• Hoganas AB (Sweden)
• GKN Plc. (U.K.)
• Rio Tinto (U.K.)
• Allegheny Technologies Incorporated (U.S.)
• American Chemet Corporation (U.S.)
• Carl Schlenk AG (Germany)
• Hitachi Chemical Co., Ltd (Japan)
• Metaldyne performance Group Inc (U.S.)

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