Metal Powder Market is projected to reach a market value of around US$ 20 Bn by 2031 - Persistence Market Research

As per Persistence Market Research analysis, the market is projected to reach a market value of around US$ 20 Bn by 2031, expanding at a CAGR of more than 3% over the next ten years.  As per Persistence Market Research analysis, the market is projected to reach a market value of aroundUS$ 20 Bnby 2031, expanding at a CAGR of more than 3% over the next ten years.  Key Takeaways from Market Study Request for sample PDF of report: ...

As per Persistence Market Research analysis, the market is projected to reach a market value of around US$ 20 Bn by 2031, expanding at a CAGR of more than 3% over the next ten years. 

Key Takeaways from Market Study

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"Demand for lightweight metal components across industries catalyzing market growth," says a Persistence Market Research analyst.

COVID-19 Impact

Although the ongoing COVID-19 pandemic led to a slowdown in the demand for metal powder from the automotive industry, besides others, due to lockdowns and trade restrictions, demand is set to pick up with the resumption of economic activities in 2021. Market growth is expected to be around 3% in 2021 over 2020, and this trend will continue through 2031.

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Market Landscape

Key manufacturers of metal powder, such as Sandvik AB, GKN PLC, ATI Powder Metals, Praxair Surface Technologies Inc., Höganäs AB, AMG Advanced Metallurgical Group, Rio Tinto Plc, voestalpine BÖHLER Edelstahl GmbH & Co KG, Aubert & Duval, American Axle & Manufacturing, Inc., Carpenter Powered Products, Royal Metal Powders, Australian Metal Powders Supplies Pty Ltd., CNPC Powder Group Co., Ltd., and Showa Denko Materials, are focused on strengthening their product portfolios and expanding their market footprint through the acquisition of smaller companies in the market.

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Want to Know More?

Persistence Market Research has published a market research report on the metal powder market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the market through different segments, namely, material, process, application, end use, and region. The report also provides supply and demand trends, supply-demand scenario, and a comprehensive list of suppliers and distributors in the market, along with a detailed overview of the parent market.

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