Metal Powder Market Segmentation:
Metal Type Segment Analysis
Ferrous segment is poised to account for more than 62% metal powder market share by the end of 2035. The segment growth can be attributed to the various mechanical properties provided by ferrous metal powders such as durability, hardness, tensile strength, lower costs, magnetic function, and broad flexibility. Due to these properties, ferrous metal powder is utilized in various industries auto, power tools, construction, piping, shipping containers, and industrial piping. with the automotive sector holding the largest share, using over 70% of the ferrous products produced annually by the market.
Production Method Segment Analysis
By the end of 2035, mechanical method segment is estimated to hold over 64% metal powder market share. The segment growth can be accredited to the versatility and efficiency of the process. The primary mechanical and physical powder production techniques that are employed in the industry for mass production rate include milling, atomization, and physical vapor deposition. In addition, the ability to produce complex shapes and intricate designs with high dimensional accuracy, as well as the fact that near-net shape production eliminates the need for extensive machining and material waste, make it cost-effective for mass production through this process is poised to further propel the mechanical process segment.
End-use Segment Analysis
Throughout the projected period, the automotive industry is predicted to maintain its dominant market share. In the automotive industry, powdered iron is used in operations like injection molding, sintering, hot isostatic pressing, and particle metallurgy. The important factors influencing the market's growth are the increasing production of vehicles, the increasing usage of technology in vehicles, and the shift towards lighter vehicles. Additionally, producers are switching from producing conventional products to customized goods, driving market expansion in the segment. According to studies, in 2021, the industry used more than 200 kilo tons of metal alloy powder, and it is expected to grow in the years to come.
Our in-depth analysis of the market includes the following segments:
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Metal Type |
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Production Method |
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End-use |
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