How big is the Metal Powder Market | Growth, Size & Forecast 2031

What is the size of Metal Powder Market?

The market has been gradually gaining momentum due to automotive, aerospace, and additive manufacturing industries using metal powders for lightweight components, precise parts, and better material efficiency. Demand is being stimulated in various industries by advances in metallurgical capabilities and powder production technologies.

Growth Factors for Metal Powder Market

• A rising use of metal powders in additive manufacturing and 3D printing applications
• The consumer demand for lighter, stronger materials for automotive and aerospace
• Expansion of metal injection moulding methods for industrial and medical devices
• Production of sintered parts is rising for engines, gears and transmissions
• Advances in atomization and alloy development are delivering better powders

Metal Powder Market Trends

The metal powder market trends indicate significant growth in additive manufacturing and powder metallurgy, which are driving demand for iron, aluminum, titanium, and stainless-steel powders. The trend is that firms in the automotive and aerospace industries use lightweight structural components and custom part fabrication.

Furthermore, developments in atomization techniques, including gas and plasma atomization, are enabling the production of ultra-fine and spherical powders. Firms are looking to establish production methods that are environmentally sustainable as well as creating alloy blends to meet individual combinations of mechanical and thermal properties.

Emerging Developments in the Metal Powder Market

The metal powder market is witnessing developments in nano-sized powders and hybrid composite powders aimed at improving mechanical strength and thermal conductivity. New formulations are in development to achieve the performance parameters of next-generation electric vehicles and defense applications.

Other developments include enhanced quality control measures, automation in powder handling, and incorporation of AI machine learning platforms to ensure better efficiencies in production. The collaborations between powder manufacturers and 3D printing OEMS are assuring consistency to standards for material specification within additive manufacturing ecosystems.

List of Leading Companies in the Metal Powder Market

Below is a comprehensive list of the leading market players driving growth in this sector –

1. Höganäs AB

Höganäs is a global leader in metal powder production, serving automotive, additive manufacturing, and surface coating markets.

2. GKN Powder Metallurgy

GKN Powder Metallurgy offers customized metal powders and sintered components for industrial applications.

3. Sandvik AB

Sandvik manufactures high-quality metal powders for additive manufacturing, surface coating, and metal cutting applications.

4. Carpenter Additive

Carpenter Additive provides engineered metal powders and solutions for 3D printing and advanced manufacturing.

5. Rio Tinto Metal Powders

Rio Tinto supplies iron and steel powders for automotive parts and powder metallurgy markets.

6. BASF SE (BASF 3D Printing Solutions)

BASF develops metal powders for 3D printing with a focus on scalable, industrial applications and material innovation.

7. ATI (Allegheny Technologies Incorporated)

ATI produces advanced metal powders and alloys used in aerospace, defense, and energy sectors.

8. Kymera International

Kymera offers specialty metal powders and flakes for chemical, thermal management, and metallurgical markets.

9. LPW Technology Ltd (now part of Carpenter Technology)

LPW specializes in metal powders for additive manufacturing and closed-loop powder lifecycle management.

10. CNPC Powder

CNPC Powder manufactures a wide range of metal powders for sintering, additive manufacturing, and thermal spray applications.

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