Global Metal Powders Strategic Business Report 2023: Metal Powders Led by Steel Powder Reel Under Soaring Prices of Metal Commodities


Dublin, April 19, 2023 (GLOBE NEWSWIRE) -- The "Metal Powders: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Metal Powders estimated at US$4.3 Billion in the year 2022, is projected to reach a revised size of US$7.2 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2022-2030.

Ferrous, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$5.1 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Non-Ferrous segment is readjusted to a revised 7.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 8.9% CAGR

The Metal Powders market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$912.2 Million by the year 2030 trailing a CAGR of 8.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 6.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR.

Select Competitors (Total 178 Featured) -

  • Allegheny Technologies Incorporated
  • American Chemet Corp.
  • AMETEK Specialty Metal Products Inc.
  • Burgess-Norton Manufacturing Company
  • Carpenter Technology Corporation
  • Daido Steel Co., Ltd.
  • Diamet Corporation
  • Dowa Holdings Co., Ltd.
  • Erasteel SAS
  • F. W. Winter Inc. & Co.
  • Fine Sinter Co., Ltd.
  • Hoeganaes Corp.
  • H.C. Starck GmbH
  • Hoganas AB
  • JFE Steel Corp.
  • Kennametal, Inc.
  • Kobe Steel, Ltd.
  • Kymera International
  • Miba AG
  • Norilsk Nickel
  • PMG Holding GmbH
  • Pometon SpA
  • Rio Tinto Metal Powders
  • Showa Denko Materials Co., Ltd.
  • Sumitomo Electric Industries, Ltd.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages568
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$4.3 Billion
Forecasted Market Value (USD) by 2030$7.2 Billion
Compound Annual Growth Rate6.7%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • The Rise of Powder Metallurgy Provides the Foundation for the Growth of Metal Powders
  • By Manufacturing Metallic Components from Metal Powders, Powder Metallurgy is Poised to Bulldoze Growth in the Metal Powders Market: Global Opportunity for Powder Metallurgy (In US$ Billion) for Years 2021, 2023, 2025, 2027 and 2029
  • On the Pandemic Front, Here's What's Happening. Prognosis Every Business Needs to Know
  • With Low Vaccination Rates in Africa Emerging Into a Global Security Issue, Vaccine Imbalances Will Stretch the Pandemic Further into 2022: Global Percentage (%) of Population Administered With Vaccines by Region as of March 2022
  • Top Reasons for Unwillingness & Uncertainty Towards COVID-19 Vaccines Among the By-Choice Unvaccinated People: % Share of Various Reasons as of the Year 2022
  • Collison of the Pandemic & War Comes as a Set Back for Global Economic Recovery & Progress
  • A World Divided Over the War in Russia & Ukraine Fuels Oil Production Stand-Off, Aggravating Global Price Rise & Making Putin More Bolder & Willing to Invade its Neighbors: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022
  • Uncertain, Uneven & Bumpy Recovery Shaped by New Virus Variants Coupled With Inflation Triggered by the Russia-Ukraine War Lowers Growth Expectations for 2022: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • Persistently High Unemployment Indicates Long-Term Scarring from the COVID-19 Pandemic, Wage Inequality & Uneven Economic Recovery. Tough Times to Continue for Industries Reliant on Consumer Discretionary Incomes Until 2023: Global Number of Unemployed People (In Million) for Years 2019 Through 2023
  • Competition
  • Metal Powders - Global Key Competitors Percentage Market Share in 2021 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)
  • Metal Powders: Overview, Importance, Applications & Market Outlook
  • Recent Market Activity
  • Innovations

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Outlook for Global Manufacturing Industry in 2022 Slips a Tad as a Result of the Russia -Ukraine War
  • Manufacturing Industry's Transition to Precision Manufacturing Bodes Well for Market Growth
  • Signs of War's Hitting Manufacturing Emerges
  • Metal Powders Led by Steel Powder Reel Under Soaring Prices of Metal Commodities
  • Steel Prices Jump on the Back of Disrupted Steel Production in Ukraine and Dwindling Steel Scrap Supply from Russia and Ukraine: Global Prices of Hot-Rolled Coil (HRC) Steel (In US$ Per Metric Ton) for Years 2019 through 2022
  • Spectacular Growth of Additive Manufacturing to Drive Demand Gains in the Metal Powders Market
  • Strong Outlook for AM Translates into Stronger Demand for Metal Powders: Global Market for Additive Manufacturing (In US$ Billion) for Years 2021 2023, 2025, 2027 and 2029
  • Demand Grows Strong for Next-Generation Metal Powders for Medical Additive Manufacturing
  • As Medical Additive Manufacturing Gains Momentum, So Does the Demand for New Generation Metal Powders: Global Market for 3D Printing Medical Devices (In US$ Million) for Years 2021, 2023, 2025, and 2027
  • Production Volatility Amid Chip Shortages Aggravated by the Russia Ukraine War Downgrades Demand for Metal Powders in the Automotive End-Use Sector in 2022
  • As Automobile Production Recovery Slips On the Original Forecasts, Hit By Chip Shortage Woes & Supply Chain Disruptions Caused by the Russia-Ukraine War, Uncertainty Rips Through Upstream PM Parts Suppliers: Global Light Vehicle Production (In Million Units) for Years 2019 Through 2025
  • Beyond These Challenges, the Automotive Industry's Growing Appetite for Advanced Powdered Metallurgy (PM) Parts Will Remain a Long-Term Growth Driver
  • Growing Use of Additive Manufacturing in the Aerospace Industry Encourages Consumption of Powder Metals in the Aerospace End-Use Sector
  • The Time is Ripe for Metal Powder Manufacturers to Eye More Closely the Emerging Opportunities in The Aerospace Sector: Global Aerospace Additive Manufacturing Market (In US$ Million) for Years 2021, 2023 2025, and 2027
  • The Aerospace Industry Limps Back Onto a Long Road to Recovery, Brightening the Outlook for Metal Powders in Aircraft Manufacturing
  • Mechanization of Agriculture to Drive the Demand for Metal Powders
  • Growing Investments in Agricultural Machinery Bodes Well for Upstream Parts & Materials Suppliers: Global Market for Agricultural Machinery (In US$ Billion) 2021, 2023, 2025, 2027 and 2027
  • Focus on Sustainability Throws the Spotlight on Metal Powders. Here's Why & How
  • The Time to Get Our Act Together & Move Towards a Circular Bioeconomy Has Come: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, 2020 & 2021
  • A Crucial Growth Variable, Innovation in Metal Powders Gains Momentum

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/966c2t

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Global Market for Metal Powders

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