Metal Powder Market Regional Analysis:
APAC Market Insights
Asia Pacific industry is estimated to account for largest revenue share of 44% by 2035. One of the key reasons driving the Asia Pacific market is the rising demand from a variety of end-use sectors, including automotive, aerospace, healthcare, and electronics. These sectors require metal powders for applications such as additive manufacturing, surface coating, and sintering. Furthermore, the Asia Pacific region houses some of the car makers globally. Due, to the transition to vehicles and lighter materials there is a need for metal powders like aluminum, titanium, and stainless steel in the car industry. These metal powders play a role in making parts, engine components, and structural elements contributing to market expansion, in the region. For instance, in 2022, it was estimated that about 37.5 million passenger cars were sold within the Asia-Pacific region
Country 1 – China boasts the largest automotive market in the world. In 2022, China manufactured around 23.84 million passenger cars and 3.19 million commercial vehicles. China placed #1 among countries producing the most passenger cars, with approximately 24 million produced. This high frequency of production of vehicles in the country is one of the key reasons for making China one of the top consumers of metal powder in the world. As a result, the metal powder market is expected to gain substantial growth in the coming years.
North America Market Insights
The North America region will also encounter huge growth for the metal powder market during the forecast period and will hold the second position. The rising aerospace industry in the region plays a pivotal role, in driving growth for the market in North America. Metal powders are vital for crafting aircraft components because of their properties and strong strength-to-weight ratio. With advancements in aircraft design and materials the need for metal powders, in aerospace applications is projected to rise. Additionally, several aircraft manufacturers, including Textron in the United States, Bombardier in Canada, and Boeing in the United States, will expand market share in North America. Studies suggest that the USA had an estimated 204,405 aircraft in 2022.
United States of America – The huge aerospace and defense industry in the country has created a high volume of demand for metal powder. The United States market contributed around 89 billion US dollars in aerospace exports in 2021, making it the largest country in terms of sales value. The country is also home to some of the world's largest aircraft manufacturers, including Boeing and Raytheon.
