Global Metal Powder Market by Material (Non-ferrous, Ferrous), by Technology (Additive Manufacturing, Press & Sinter) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global metal powder market was worth USD 5.7 billion in 2019. It is projected to grow at a compound annual rate (CAGR of 6.9%) between 2020 and 2027. Market growth is expected to be boosted by the rising demand for sintered parts from Asia Pacific. Asia Pacific will continue to be the largest consumer for powder metal products. Demand for metal powder products will continue to grow due to the incessant production of automobiles, high demand for medical products and high consumer potential in China, India, and Southeast Asia. Notably, Asia Pacific was responsible for 53.6% of the global vehicle production in 2019. Contrary to press and sinter metal powder markets in the U.S. saw positive growth in 2019, with additive manufacturing (AM), metal injection molding (MIM) and metal stamping (MIM). The metal powder market will continue to be driven by AM's growing penetration. According to the Metal Powder Industries Federation over 10 MIM companies expressed interest in purchasing AM machines within two years.

The U.S. aerospace and defense industry accounted for 6.8% of the market's revenue in 2019. Companies in this sector are expanding rapidly through partnerships and joint ventures. Burloak Technologies and MDA Corporation entered into a five year agreement in July 2020 to develop space applications through additive manufacturing. Both companies are expected to benefit from this agreement in the future, which will allow them to improve their design and manufacturing capabilities.

Market growth will also be driven by demand for AM medical implants. Lima Corporate, an American firm, released 3D-printed hip cups medical implants in 2019. The company plans to open a 3D printing plant in the U.S. by 2020.

Material Insights

The largest segment was ferrous in 2019, accounting for over 89.0% of the total volume in 2019. Ferrous metal powders include all types of steel, their alloys, iron and alloying elements such as nickel, molybdenum and chromium. In additive manufacturing, steel is the most affordable form of metal. You can mix it with other metals like bronze.

Non-ferrous metal powders include aluminum, copper and zinc as well as titanium, tungsten and magnesium. Aluminum's strength and light weight are expected to be the driving force behind its increased demand. Aluminum is used in the manufacture of equipment such as functional parts, cycles and other machinery. Direct metal laser sintering is used to 3D print aluminum-based equipment.

This segment is expected to grow due to the growing interest in titanium implants for the healthcare industry. Novax DMA, CEIT Biomedical Engineering and CEIT Biomedical Engineering are among the companies that have started to manufacture titanium-based medical implant for treating deformations in the skull, bones and vertebrae.

Technology Insights

In 2019, press and sinter was the most dominant technology segment, with a volume share exceeding 93.0%. The conventional powder metallurgy method of press and sinter is called conventional powder metallurgy. It's economical and produces components that are near-net-shape. To make a green compact, it involves thermal treatment or compaction at temperatures lower than the melting points of metal.

The metallurgical bonding between particles helps to increase the strength of the components. Green compact is also subject to sintering under controlled conditions. This allows for metallurgical bonding to occur, which forms the final components. To achieve close tolerances and a good finish, secondary operations like plating, grinding, and repressing are used.

Since the 1990s, metal injection molding (MIM), has gained significant prominence in the components manufacturing sector. This process is similar to press and heat, and involves shaping and sintering metal particles. This process can produce large quantities of intricately shaped parts at high manufacturing precision. MIM involves several steps such as the preparation or mixing of feedstock, injection molding and binder removal.

Application Insights

In 2019, the automotive segment had a 70.1% share of the total volume. Automotive is a major consumer of metal powder. Different parts are made using different processes such as press and sinter (AM), hot ISostatic pressing (HIP) and metal injection molding(MIM). The automotive industry is dominated by the sinter and press process. Other processes, such as AM and HIP, are seeing faster penetration than sinter and press.

The COVID-19 pandemic caused severe disruptions to the automotive industry, including in Europe's high-volume manufacturing, as well as in China's auto parts exports. There was also the closure of American and Indian assembly lines. Manufacturers were negatively affected by the lack of parts and shutdowns in manufacturing. A drop in vehicle sales as well as a decrease in working capital has been noted. According to the Society of Indian Automobile Manufacturers, passenger vehicle sales in India fell by 78.7% between April and June 2020 and the same period in 2019.

The healthcare industry is expected to grow due to rising health awareness and consumers' willingness to pay more for final goods. Powder metal technology is used in the manufacturing of connecting plates, foot adaptor plate, blacking plates and surgery blades. This will drive the healthcare application segment.

Regional Insights

In 2019, Asia Pacific was responsible for 33.5% of the world's largest volume share. In 2019, the region saw the greatest demand for metal powder, mainly from the aerospace and automotive industries. Market growth is expected to be driven by the presence of small and medium-sized component producers for press and sinter product, and the growing demand for metal powder in additive manufacturing.

North America's revenue is expected to grow at 7.0% between 2020 and 2027. Due to the increasing popularity of hybrid and electric vehicles, there has been a decrease in demand for sintered parts in transmissions or engines. In the next few years, however, powder forging technology will offer market vendors lucrative opportunities. According to the Metal Powder Industries Federation (MPIF), nearly 30% of the world's vehicle manufacturing is done using powder forging technology.

Iron powder shipments saw a 19.2% y-o-y drop in North America between March 2020 and March 2020. Many companies saw their non-essential business shut down temporarily in the first half 2020, according to local regulations. The gradual rise in automobile production is expected to cause a U-shape to W-shape in the recovery curve of the market.

Market Share Insights & Key Companies

Metal powder market is seeing an increase in merger and acquisition (M&A), with large players buying stakes in smaller companies that have a competitive advantage, such as high-tech, efficient processes and presence in the local market. Promoting innovation, reducing costs, and increasing synergies during operations is another key aspect to increasing these activities in the industry. The M&A activity is dominated by mature industrial companies. They are not only focused on their patent portfolios but also R&D in order to gain an advantage in additive manufacturing technology. The following are some of the most prominent players in global metal powder market:

• MolyWorks Materials Corporation

• Advanced Technology & Materials Co. Ltd.

• GKN PLC

• Hoganas AB

• POLEMA

• Rio Tinto Metal Powders

• Rusal

• Sandvik AB

• CRS Holdings Inc.

• Liberty House Group

Up Market Research published a new report titled “Metal Powder Market research report which is segmented by Material (Non-ferrous, Ferrous), by Technology (Additive Manufacturing, Press & Sinter), By Players/Companies Rio Tinto Metal Powders, MolyWorks Materials Corporation, POLEMA, GKN PLC, Sandvik AB, Liberty House Group, Rusal, Advanced Technology & Materials Co Ltd, CRS Holdings Inc , Hoganas AB”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Metal Powder Market Report Segments:

The market is segmented by Material (Non-ferrous, Ferrous), by Technology (Additive Manufacturing, Press & Sinter).

Metal Powder Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Metal Powder Market

Overview of the regional outlook of the Metal Powder Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Metal Powder Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Metal Powder Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Non-ferrous

                2. Ferrous

                1. Additive Manufacturing

                2. Press & Sinter

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Metal Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
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• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Metal Powder Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.