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Metal Powder Market
Looking forward, IMARC Group expects the global metal powder market to grow at a CAGR of around 5% during 2021-2026.
SHERIDAN, ALABAMA, UNITED STATES, August 30, 2021 /EINPresswire.com / -- According to the latest report by IMARC Group, titled” Global Metal Powder Market : Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026″, the global metal powder market size exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global metal powder market to grow at a CAGR of around 5% during 2021-2026. stands for metal particles having a size of a few micrometers. The powder has a high surface area to mass ratio and is manufactured by using numerous industrial processes, such as atomization and chemical, electrolysis, and solid-state reduction. Some of the common product variants include iron, molybdenum, nickel, aluminum, gold, silver, platinum, lead, and copper. Metal powder offers numerous benefits, such as reduced manufacturing time, enhanced cost efficiency, high volume capability, minimal wastage, and improved recyclability, etc. As a result, it finds extensive applications across diverse industrial verticals, including automotive, healthcare, defense, aerospace, construction, electronics, manufacturing, metalworking, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Market Trends:
A significant rise in the demand for lightweight automobile components, along with the growing adoption of green manufacturing technologies, is creating a positive outlook for the global metal powder market. Furthermore, the widespread utilization of metal powder for additive manufacturing and metal injection molding is also bolstering the market growth. Additionally, the expanding applications of metal powder in the medical sector for manufacturing osteoporosis pen rachet, intestinal stapler gear system, kidney dialysis spring seat, etc., are anticipated to further drive the global market in the coming years.
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Key Market Segmentation:
Competitive Landscape with Key Player:
Advanced Technology & Materials Co. Ltd.
Allegheny Technologies Incorporated
Carpenter Technology Corporation
GKN Sinter Metals Engineering GmbH (Melrose Industries)
Höganäs AB
LIBERTY Steel Group
Molyworks Materials Corporation
Polema
RusAL
Sandvik AB.
Market Breakup by Material:
Ferrous
Non-Ferrous
Market Breakup by Technology:
Pressing and Sintering
Metal Injection Molding
Additive Manufacturing
Others
Market Breakup by Application:
Automotive
Aerospace and Defense
Healthcare
Others
Market Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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