Metal Powders Market Size to grow by USD 2250 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Metal Powders Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

• Market Research Overview: The global diversified metals and mining market encompasses businesses involved in the production or extraction of a range of metals and minerals, including non-ferrous metals such as lead, nickel, tin, titanium, zinc, cobalt, mercury, tungsten, beryllium, bismuth, cerium, cadmium, niobium, indium, gallium, germanium, lithium, selenium, tantalum, tellurium, vanadium, and zirconium, as well as salt, borate, phosphate rock, and diversified mining operations. According to Technavio's market analysis, the market size is determined by the consolidated revenue generated by these companies in the production and extraction of metals and minerals, as well as their diversified mining operations. - The Metal Powders Market is experiencing significant growth, fueled by the Increasing use of PM technology. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Increasing use of PM technology
  • Increasing demand for metal powders from structural auto parts
  • Environmental issues regarding metal powders
  • Issues pertaining to 3D printing
• Growth Projections

The market size is estimated to grow by USD 2250 million, at a CAGR of 6.26% during the forecast period. In the dynamic metal powders market, the significance of titanium metal powders has surged due to their inherent advantages. Factors driving this trend include the escalating demand for lightweight, robust materials in sectors such as aerospace, automotive, and healthcare. Titanium metal powders offer superior mechanical properties, including high strength, low density, and robust corrosion resistance, making them indispensable in applications that necessitate these attributes. Furthermore, their high melting point renders them suitable for high-temperature applications. The burgeoning adoption of titanium metal powders in additive manufacturing, or 3D printing, underscores their growing importance in the industry.

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• Regional Insights

The Metal Powders Market represents a significant business opportunity for manufacturers and suppliers due to its expanding applications in various industries. Key end-use sectors include automotive, aerospace, construction, and healthcare, among others. Growth is driven by factors such as increasing demand for lightweight materials, advancements in additive manufacturing technology, and rising adoption in various applications. Market size is projected to increase steadily over the next several years.

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