Global Metal Powder Market: Overview
The metal powder is a powder of metals such as iron or aluminum. Different types of metal powders have different uses in different sectors. Its applications are flourished beyond commercial and industrial sectors. Ferrous metal powders are the most common and popular metal powder used in industry.
Global Metal Powder Market: Growth Factors
The global metal powder market is anticipated to witness huge growth in coming years. Changing consumer lifestyles & preferences is the main reason that has driven the growth of the global market. Besides, increased consumer awareness is also boosting the growth of the global metal powder market. Furthermore, growing urbanization is also driving the global market’s growth. Similarly, increased development in the economy is also powering the growth of the global market. Adding one more to the list, increased demand for the industry is also driving the global market growth.
On the other hand, powder high cost for raw materials is the main reason hampering the growth of global metal powder market. The high cost of maintenance is one of the reasons that are decreasing the growth of the global market. In addition to this, a high cost of ownership is also one of the significant reasons that are restraining the growth of the global market. Lastly but not the least; high cost for transportation for metal is also one of the significant reasons that are restraining the growth of the global market.
Global Metal Powder Market: Segmentation
Based on the types of metal form, the global metal powder market is mainly classified as scrap/recycled metals and ore/pure metal.
On the basis of types, the global market is divided into non-ferrous, ferrous, gold, silver, platinum, and others.
Based on the production method, the global market for metal powder is segmented into physical, chemical, and mechanical.
Based on the compaction technique, the global market is segmented into cold compaction and hot compaction.
Based on the applications, the global market for metal powder is segmented into industrial, transportation & logistics, electrical & electronics, construction, health care, medical, decorative, defense, entertainment, and others.
Global Metal Powder Market: Regional Analysis
Regionally, the global market for metal powder is significantly segmented into Latin America, Middle East and Africa, North America, and Europe. Changing consumer lifestyles & preferences are boosting the global market in the U.S. and Canada. Increased consumer awareness is towering the global market in Asia-Pacific countries such as Japan, China, and India. Growing urbanization and increased development in the economy will boost the global market in Europe. The rest of the world will witness a moderate growth in the global market in the coming future.
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Global Metal Powder Market: Competitive Players
Key players in the global metal powder market are Fukuda Metal, SCM, JSC Uralelektromed, Carl Schlenk, Pometon, GGP, Jinchuan Group, American Chemet, GRIPM Powder, Chongqing Huahao, CNMC Tianjin, Chengdu Nuclear 857, and Shanghai Jiujia.