7 Février 2020
The Global Market for Metal Powder witnessed rapid growth in 2013 and is projected to grow at a CAGR of 3.80% during the forecast period, that is, from 2015 to 2020, to reach USD 4,062.2 Million by 2020.
Browse 241 market data tables with 63 figures across 250 pages and in-depth TOC on “Metal Powder Market Type (Ferrous, Non-Ferrous), Metal Form (Recycled Metal, Ores), Production Method (Physical, Mechanical), Compaction Technique (Cold, Hot), Application (Transportation & Logistics, Industrial, Construction) - Global Forecast to 2020".
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The metal powder industry is influenced by the increase in population, consumer awareness, changing consumer lifestyles & preferences, urbanization, and development in economy, which drive the demand for sustainable products. This has resulted in the rise in disposable income of consumers and the ability to purchase a range of new products from automobiles, personal technology, and packaged foods. These factors will drive the demand for metal powder from these regions. The increase in the demand for powder metallurgy processes would eventually drive the metal powder market. Advancement in technology and economies of scale process have enabled use of aluminum in a wide range of applications and lowered the production cost.
Growing demand for metal powder in emerging economies such as China is expected to drive the metal powder market. Emerging countries such as China, India, Brazil, and countries in Southeast Asia are witnessing change in consumer preferences.
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Companies such as Sandvik AB (Sweden), Carpenter Technology Corporation (U.S.), Hoganas AB (Sweden), GKN Plc. (U.K.), Rio Tinto (U.K.), and Allegheny Technologies Incorporated (U.S.) are some of the prominent companies in the metal powder market.
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