Metal Powder Market Competitive Analysis, Emerging Trends and Demand Forecast up to 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
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 on
the basis of 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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