The report “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”, defines and segments the global metal powder market with analysis and forecasting of the global revenues for metal powder. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, and challenges.
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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. The Asia-Pacific region is the fastest-growing market with the highest CAGR of 5.01% during the forecast period; this market is driven by increasing competition, consumer awareness, rising consumer spending, demand for powder metallurgy manufactured components, and technological advancements.
North America accounted for around 40.4% of the total market share in terms of value, followed by the Europe and Asia-Pacific. The Market for Metal Powder in developing countries such as China and India are estimated to grow at a relatively higher rate from 2015 to 2020. China is estimated to grow faster than any other country because of its strong economic growth along with growing demand from end-user industries and rapid urbanization.
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Ferrous metal powder accounted for the largest share of 73.6% of metal powder market in 2014. Non-ferrous metal powder is projected to be the fastest-growing segment from 2015 to 2020. Chemical method is projected to be the fastest-growing production segment during the same period. Cold compaction, as a compaction technique, will be the fastest-growing technique from 2015 to 2020. Transportation & logistics accounted for the largest share of the metal powder market in 2014 due to the rising demand for fuel-efficient vehicles.
The global metal powder market is marked with intense competition due to the presence of a large number of both, big and small firms. Mergers and acquisitions, investments, and expansions are the key strategies adopted by market players to ensure their growth in the market. 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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