Technavio has been monitoring the metal powders market and it is poised to grow by USD 765.61 million during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Metal Powders Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions -
What was the value of the metal powders market in 2019?
Technavio says that the value of the market was at USD 4,202.46 million in 2019 and is projected to reach USD 4,968.07 million by 2024.
At what rate is the market projected to grow during the forecast period 2020-2024?
Growing at a CAGR of over 3%, the market growth will accelerate in the forecast period.
What is the key factor driving the market?
Demand from additive manufacturing (AM) is one of the key factors driving the market growth.
Who are the top players in the market?
Alcoa Corp., Allegheny Technologies Inc., AMETEK Inc., BASF SE, GKN Sinter Metals Engineering GmbH, Hitachi Chemical Co. Ltd., Hoganas AB, Praxair Inc., Rio Tinto Ltd., and Sandvik AB are some of the major market participants.
Which region is expected to hold the highest market share?
What is the year-over-year growth rate of the global market?
The year-over-year growth rate for 2020 is estimated at 3.20%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alcoa Corp., Allegheny Technologies Inc., AMETEK Inc., BASF SE, GKN Sinter Metals Engineering GmbH, Hitachi Chemical Co. Ltd., Hoganas AB, Praxair Inc., Rio Tinto Ltd., and Sandvik AB are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Demand from additive manufacturing (AM) has been instrumental in driving the growth of the market.
Metal Powders Market 2020-2024: Segmentation
Metal Powders Market is segmented as below:
Ferrous Metal Powder
Non-ferrous Metal Powder
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Metal Powders Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our metal powders market report covers the following areas:
Metal Powders Market size
Metal Powders Market trends
Metal Powders Market analysis
This study identifies increased use of powder metallurgy (PM) technology as one of the prime reasons driving the metal powders market growth during the next few years.
Metal Powders Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the metal powders market, including some of the vendors such as Alcoa Corp., Allegheny Technologies Inc., AMETEK Inc., BASF SE, GKN Sinter Metals Engineering GmbH, Hitachi Chemical Co. Ltd., Hoganas AB, Praxair Inc., Rio Tinto Ltd., and Sandvik AB. Backed with competitive intelligence and benchmarking, our research reports on the metal powders market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Metal Powders Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist metal powders market growth during the next five years
Estimation of the metal powders market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the metal powders market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of metal powders market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019-2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Type
Comparison by Type
Ferrous metal powder - Market size and forecast 2019-2024
Non-ferrous metal powder - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Type
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market positioning of vendors
Allegheny Technologies Inc.
GKN Sinter Metals Engineering GmbH
Hitachi Chemical Co. Ltd.
Rio Tinto Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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