As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
In the forecast period, the global metal powder market is expected to witness a moderate single-digit growth in both developed and developing economies. Due to the increasing use of metal powder in application sectors such as the automotive, transportation, and logistics sectors, along with other industrial sectors like automotive component manufacturing, metal injection moulding, metallic filters, and others, the global metal powder market is expected to be propelled forward in the coming years.
Along with the widespread use of ferrous metal powder all over the world, non-ferrous metal powder is also gaining popularity across different end-use industries. The rapid growth in the usage of the metal powder on a regular basis has been triggered by a number of factors such as an increased focus on titanium-based powder across the globe, technological advancements, and increased demand for sustainable products in order to avoid the harmful impacts on the environment.
In September 2020, an MoU was signed between one of the world's largest iron-ore producers, Rio Tinto (NYSE: RIO) and China's largest steel producer, China Baowu Steel Group, and Tsingua University, with the aim to develop and implement new methods to reduce carbon emissions to improve the environmental performance across the steel value chain. Such developments are expected to impact the metal powder market positively, with the promulgation of eco-consciousness among consumers.
The growing automotive industry in countries like China, India, and Japan has led to the Asia Pacific becoming a significant region in the overall global metal powder market. China is a major market for metal powder within the Asia Pacific due to the availability of low-cost labour and incentive policies implemented by the Government of China, which are supporting the growth of the major automotive, along with electrical and electronics manufacturers, which, in turn, is also strengthening the position of the country as a major metal powder market.
Market Analysis by Metal Form, Type, Production Method, Compaction Technique, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global metal powder market are Sandvik AB, Carpenter Technology Corporation, RIO Tinto Ltd, Allegheny Technologies Incorporated, Alcoa Inc., and Hoganas AB, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.