Metal Powder Market Industry Segment and Market Trends Forecasts 2023
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.
Some of the prominent players operating in the global metal powder market are 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), and Metaldyne performance Group Inc (U.S.).
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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 compaction technique, the market is bifurcated into cold compaction technique and hot compaction technique.
The Metal Powder Market is segmented across five regions: Europe, Asia Pacific, North America Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing market with an expanding CAGR during the forecast period. The rapid growth of industries and urbanization is fueling the growth of metal powder in the developing countries of Asia Pacific.
The growing industrialization and urbanization in the developing regions across the globe is expected to boost the market during the forecast period. The global metal powder market is likely to expand at a CAGR of over 3% during the forecast period 2017-2023. Moreover, the demand for metal power is expected to grow during the given period to reduce environmental impacts of the metal industry.
Browse the market data and information spread across 137 pages with 59 data tables and 15 figures of the report “Metal Powder Market Research Report - Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/metal-powder-market-5666
North America is a dominant region in the global metal powder market and is expected to retain its dominance over the review period 2017-2023.
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