Metal Powder Market Size

Metal Powder Market Analysis

The Global Metal Powder Market is projected to register a CAGR of above 4% during the forecast period (2022-2027).

The market was negatively impacted by COVID-19 in 2020. The COVID-19 pandemic has affected the metal powder market because of quarantined workforces, widespread shutdown of business, and disrupted supply chain. During the pandemic, many factories responsible for metal production such as iron, aluminum, bronze, and nickel for the metal powder industry were shut down. The closure of these manufacturing plants has dampened the sales of metal powder. The sectors like automobile, aerospace, and chemicals were on temporary hold. In the automobile industry, metal powder is used to produce complex parts such as steering and transmission components, braking & fuel systems & engine components. Therefore, the growth of the metal powder sector has been severely affected by dwindling sales of vehicles due to the COVID-19 pandemic.

• Over the short term, rising demand for lightweight parts in automotive and aerospace industry, increasing of different of 3D-printing technologies, and increasing use of electronic devices are some of the driving factors which are stimulating the market demand.
• Environmental implications of using metal powder are hindering the market's growth.
• However, increasing developments in medical industries as bridges, partials, and copings are fabricated from metal powders in the dental field is likely to create opportunities for the market in the coming years.
• Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.