DUBLIN, Feb. 22, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/r2vt8x/metal_powder) has announced the addition of the "Metal Powder Market by Type, by Metal Form, by Production Method, by Compaction Technique, by Application - Global Forecast to 2020" report to their offering.
The global market for metal powder is projected to grow at a CAGR of 3.80% from 2015 to 2020 and is projected to reach USD 4,062.2 Million by 2020.
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.
The Asia-Pacific region is the fastest-growing metal powder market with the highest CAGR of 5.01%, 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 metal powder market 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.
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.
This report estimates the market size of the global metal powder market in terms of value (USD million). In this report, the market is segmented based on metal form, type, production method, compaction technique, application, and region. Market drivers, restraints, challenges, raw materials, and product price trends are discussed in detail. Market share, by participant, for the overall market is also discussed in detail. The global metal powder market has grown exponentially in the last few years and this trend is expected to continue.
Scope of the Report
On the basis of metal form, the metal powder market has been segmented as follows:
- Scrap/Recycled metals - Ore/Pure metal
On the basis of type, the metal powder market has been segmented as follows:
- Ferrous - Non-ferrous - Others (silver, gold, and platinum)
On the basis of production method, the metal powder market has been segmented as follows:
- Physical - Chemical - Mechanical
On the basis of compaction technique, the metal powder market has been segmented as follows:
- Cold compaction - Hot compaction
On the basis of application, the metal powder market has been segmented as follows:
- Transportation & logistics - Industrial - Construction - Electrical & electronics - Others (medical/health care, defense, decorative, and entertainment)
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.
Companies Mentioned
- Alcoa Inc.
- Allegheny Technologies Incorporated
- BASF SE
- Carpenter Technology Corporation
- GKN PLC.
- Hitachi Chemicals Co. Ltd.
- Hoganas AB
- Metaldyne Performance Group
- Miba AG
- RIO Tinto
- Sandvik AB
For more information visit http://www.researchandmarkets.com/research/r2vt8x/metal_powder
Media Contact:
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Share this article