Top Companies in Metal Powder Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research

Market Overview

The Global Metal Powder Market is valued at USD 6.5 Billion in 2021 and is projected to reach a value of USD 8.3 Billion by 2028 at a CAGR of 4.20% over the forecast period. The rising demand for Metal Powders in the production of additives is one of the key factors anticipated to propel the growth of the Metal Powder Market during the projected period. Furthermore, it is projected that rising end-user demand would further fuel the Metal Powder Market's expansion. It is predicted that technological advancements in the Metal Powder business will temper market expansion. The timeframe period is also expected to see a further slowdown in the expansion of the Metal Powder industry due to the rising initial capital investment.

The extensive use of Metal Powder in metal injection molding and additive manufacturing boosts the market's expansion. In keeping with this, the market is expanding due to the growing need for lightweight automotive components. Another significant growth-promoting aspect is the rising product usage in the healthcare and dental sectors.

In addition, the rising demand for Metal Powder in developing nations will likely create more chances for the market for Metal Powder to expand in the years to come. Fluctuations may further hamper the future expansion of the market for Metal Powder in the price of raw materials.

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Amidst Exponential Growth in Metal Powders Adoption, What Trends Should We Look Forward to?

1. Metal Powder is becoming increasingly used in the production of additives. It provides greater versatility while reducing waste in manufacturing metal parts and coatings. Some items, such as zinc, aluminum, iron, manganese, tin cadmium oxide, and nickel powder, are widely available on the market. As a result, the market's major trend is increasing Metal Powder applications in the automotive industry for additive manufacturing. 

2. Market players are using green manufacturing to lower total operating expenses by utilizing energy-efficient methods that can dramatically reduce energy and utility bills. Green manufacturing is a concern shared by many industries. Furthermore, regional governments have implemented carbon dioxide emission limitations, which boost the total efficiency of a facility that uses Metal Powder to manufacture tailored products based on unique demand. 

3. With an increasing emphasis on lightweight and electric vehicles, Metal Powder demand is projected to increase in the near future. As a result, the growing need for lightweight components in the automotive industry has fueled the expansion of the worldwide Metal Powder Market. 

4. The growing demand for various metal-fabricated components across a wide range of end-use industries, including automotive, aerospace, construction, and various others, is forcing metal fabrication industries to increase their production capacities to capitalize on the enormous opportunity that has been created in the market. As a result, the market for Metal Powder is driven by a constantly expanding demand in the metal fabrication sector. 

5. The healthcare industry is anticipated to be driven by greater consumer health awareness and increased customer willingness to pay more for completed goods. Additionally, the healthcare sector uses powder metal technologies to produce connection plates, foot adaptor plates, blacking plates, operation blades, forceps, graspers, and blacking hooks, fueling market expansion.

The Metal Powder Market is dominated by globally established players such as Sandvik AB (Sweden), ATI Powder Metals (US), AMG Advanced Metallurgy Group (Germany), Rio Tinto Metal Powder PLC (UK), American Axle & Manufacturing Inc. (US), Carpenter Technology Corporation (US), Showa Denko Materials (Japan), GKN PLC (UK), Praxair Surface Technologies Inc. (US), Aubert & Duval (France), Hoganas AB (Sweden), VoestalpineBÖHLER Edelstahl GmbH & Co KG (Austria), Royal Metal Powders Inc. (US), Australian Metal Powders Supplies Pty Ltd. (Australia), CNPC Powder Group Co. Ltd. (Canada). These companies have developed new products, adopted expansion strategies, and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth Metal Powder Market.

Let's Look at the Top 5 Companies That are Taking the Metal Powder Market by Storm

The Metal Powder Market is expected to grow from USD 6.5 billion in 2021 to USD 8.3 billion in 2028 due to developments in the Metal Powder industry and rising end-user industry demand. Additionally, the increased focus of manufacturers on converting Metal Powders into functional engineering components is accelerating the growth of the Metal Powder Market.

1. Sandvik AB(Sweden)

Sandvik AB is the leading supplier of gas-atomized Metal Powder for various manufacturing processes, including metal-injection molding and additive manufacturing, with more than 160 years of material experience and 45 years in powder atomization. Thus, cutting-edge procedures like metal injection molding (MIM) and additive manufacturing utilize Sandvik's Osprey® Metal Powder (AM).

2. ATI Powder Metals(US)

Many goods and services provided by ATI Powder Metals are designed for situations with rigorous performance requirements. Moreover, it is a market leader in technology and has cutting-edge capabilities for producing powder for additive manufacturing.

3. AMG Advanced Metallurgical Group(Germany)

AMG Superalloys UK is a significant manufacturer of ground metals and alloys for the welding, hard-facing, and hard-coating industries. These metallic powders serve deoxidizing and alloying purposes in various electrode types and hard-facing processes.

4. Rio Tinto PLC (UK)

Rio Tinto is a mining and metals business with operations in 35 nations. At its Rio Tinto Fer et Titane (RTFT) metallurgical complex in Sorel-Tracy, Quebec, Rio Tinto has successfully created and tested a steel powder intended for 3-D printing applications.

5. Carpenter Powdered Products(US)

Carpenter Additive is a fully integrated partner in metal additive manufacturing (AM), collaborating with clients on all phases of additive production. Carpenter Technology, which has over a century of experience in precision engineering and controlling material microstructures and is at the forefront of scaling additive manufacturing (AM) to qualified production in critical industries, has the material expertise needed for success with industrial metal 3D printing.

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