Metal Powder Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt.) Ltd.)

Metal Powder Market Research Report- Forecast to 2023 The Global Market for Metal Powder is possibly going to achieve a CAGR of more than 3% during the forecast period ( ), 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. Metal Powder Market - Overview

Metal Powder Market Research Report- Forecast to 2023 The Global Metal Powder Market is segmented into Type, Production Method, Compaction Technique, and End User Industry. Based on the Type, the market is segmented into non-ferrous, ferrous, and others. Based on the Production Method, the Global Metal Powder Market is segmented into the physical method, chemical method, and mechanical method. Based on the Compaction Technique, the market is bifurcated into cold compaction technique and hot compaction technique. Based on the End Use Industry, the market is further segmented into transportation, electrical and electronics, building and construction, and others. View Full Press Segmental Analysis

Metal Powder Market Research Report- Forecast to 2023 Regional Outlook The Metal Powder is widely used in various end-user industries such as automobile, building and construction, electronics, and machinery among others. The Global Metal Powder Market is spanned across five regions: Asia Pacific, North America, Europe Latin America, and the Middle East & Africa. The Asia Pacific is expected to be the fastest growing market during the forecast period owing to the growing number of developing industries in this region. China, India, and Japan are some of the major countries contributing to the growth of the market in the region. Furthermore, increasing government spending in infrastructural development is affecting positively to the growth of the market. According to the State Council of the Republic of China, the Chinese investment in real estate development grew by 6.9% in 2016 and is anticipated to grow over the coming years. Additionally, growing electrical and electronic sector mainly in Japan and China has positively impacted the Metal Powder Market due to its excellent thermal & electrical conduction abilities. North America is a Dominant Region in the Global Metal Powder Market and is expected to retain its dominance over the review period The growing adoption of the Metal Powder in the developed end-user industries is expected to surge the market growth. The growing investment in the construction sector mainly in the U.S and Canada is further expected to surge the market growth during the forecast years. European Metal Powder Market is set to grow at a steady pace during the forecast period. The presence of the developed automobile sector and the electronics industry is the major factor driving the market growth. Furthermore, the growing metal fabrication industry in Europe is also contributing substantially to the growth of the market. Moreover, the increasing demand for lightweight vehicles has further augmented the use of Metal Powder in the transportation industry.

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.) Get a Free

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