Global Metal Powder Market Research: Information By Types (Non-Ferrous, Ferrous) Production Method (Physical, Chemical And Mechanical) Compaction Technique (Cold, Hot) End-Use Industry (Transportation, Construction) – Forecast Till 2023

Pune, India -- (SBWire) -- 07/19/2018 --Metal Powder Market – Overview

The Global Metal Powder Market is expected grow substantially and register a healthy CAGR over the forecast period. Some of the protuberant drivers and trends supporting the growth of Global Metal Powder Market are identified as, growing urbanization in Asia Pacific, Latin America and Eastern Europe, that resulted into increased in demand for residential, commercial, and industrial infrastructure and increasing vehicle production in countries including China, India, Mexico, Indonesia, Japan, U.S., South Korea and Germany along with aging of vehicles. Ferrous and nonferrous are two types of metal powder used in the market. Among these types, ferrous metal powder accounted for largest market share and expected to grow at highest CAGR to retain its dominance over the forecast period. The growing demand of ferrous type of Metal Powder in construction and automotive application are anticipated to boost its market in near future. Generally, three types of methods are used for the production of metal powder and those are physical, chemical and mechanical. Among these methods, metal powder manufactured using the chemical process accounted for largest market share and expected to dominate in near future.

Threat of New Entrants

Considering the past and present Global Metal Powder Market scenario, the target market is estimated to have medium threat of new entrants, owing to the high capital intensive nature of the industry and enough supply to cater market demand. However, over the forecast period the demand for Metal Powder is expected to grow exponentially in architectural sector, owing to its demand from building & construction industry for decorative purpose and increasing prevalence of automotive vehicles, which in turn will lead to supply deficit. Thus, in future it is anticipated that new entrants might enter into the Metal Powder Market owing to the foreseen demand from latter industry.

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Industry/ Innovation/ Related News:

October 2015- Royal Metal announced completion of USD 2 million expansion project in first Phase. Royal Metal is the subsidiary of American Chemet, completed a 16000 square feet of expansion of building which is expected to produce in house new tin powder atomization production and additional inventory control. The company has also planned the Phase 2 of the expansion. They include installation of furnace and auxiliary equipment in the water atomizing department to increase capacity. In addition to this, the Royal Metals has announced the approval of an ISO 14001 Environmental Management System (EMS) certificate for the environmental management system.

May 2017- Sandvik Osprey planned the expansion of powder production capacity which is gas atomized in Neath UK. As per the company experts, the expansion is planned due to strong demand for its premium metal powders from various end user industries. Some of the end user in which metal powder used are Metal Injection Moulding and rapidly growing metal Additive Manufacturing industries.

Year- AMETEK completed huge expansion of powder metal manufacturing facility at PA. This expansion by company added second production line for Motor Vehicle Series, a very high quality metal powders, increasing the capacity by thirty percent for stainless steel and high-alloy metal powders.

Applicability Range of Metal Powder

Some of the key players identified in the Global Metal Powder Market are Hoganas AB, Carpenter Technology Corporation and Sandvik AB among others. All of these companies are multinational corporations producing metal powder. Their revenues from end user industry are an important part of their total sales, especially for Sandvik AB and Carpenter Technology Corporation. These companies serve the Global Metal Powder Market and commercialize different brands. Their broad product range and the high product quality allow them to supply customers with both the decorative and functional Metal Powder product markets. A major challenge for companies is to extend the applicability range of Metal Powder to challenging composite surfaces like plastic and wooden product surfaces.

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