# Metal Powder Market is projected to reach a market value of around US$ 20 Bn by 2031
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-11-11
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Metal Powder Market Growth & Opportunities: 2021
Meta Description: Explore how metal powder is driving innovation in automotive, aerospace, medical, and construction industries worldwide. Get a sample report now!
URL: https://financedigest.com/metal-powder-market-is-projected-to-reach-a-market-value-of-around-us-20-bn-by-2031html

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Metal powder is used with additive manufacturing to create complex objects such as automotive components, aircraft engine parts, and medical implants. Basically, metal powder is derived by cutting metal into powder form. Metal powder includes iron powder, aluminum powder, and titanium powder, and is used in various industries such as automotive, aerospace & defense, medical, and building & construction, besides others.

Globally, the [metal powder market](https://www.persistencemarketresearch.com/market-research/metal-powder-market.asp) is projected to grow at a moderate rate, driven by steady demand from end-use industries across the globe. However, powder metallurgy is anticipated to witness relatively significant growth over the [forecast period](https://www.financedigest.com/two-wheeler-accessories-aftermarket-is-projected-to-be-valued-at-us-17-1-bn-in-2021-expanding-at-a-cagr-of-8-6-over-the-forecast-period-of-2021-2031.html "Two Wheeler Accessories Aftermarket is projected to be valued at US$ 17.1 Bn in 2021, expanding at a CAGR of 8.6% over the forecast period of 2021-2031"). Consumption of metal powder in additive manufacturing and metal injection molding (MIM) applications is [estimated to be the highest over the coming years](https://www.financedigest.com/the-non-invasive-prenatal-testing-nipt-market-is-estimated-to-witness-stupendous-growth-in-the-years-to-come.html "The Non Invasive Prenatal Testing Nipt Market is estimated to witness stupendous growth in the years to come").

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As per Persistence [Market Research analysis, the market is projected to reach a market value](https://www.financedigest.com/cocoa-market-size-will-attain-us-23981-1-million-value-by-2033-future-market-insights-inc-2.html "Cocoa Market Size Will Attain US$ 23,981.1 Million Value by 2033 | Future Market Insights Inc. ") 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](https://www.financedigest.com/employee-monitoring-solutions-market-to-reach-us-13335-mn-by-2026-tmr-study.html "Employee Monitoring Solutions Market to Reach US$ 13,335 Mn By 2026 – TMR Study")

- The [market is growing](https://www.financedigest.com/shoe-insert-market-will-reach-valuation-of-us-36-2-bn-by-2020-and-is-expected-to-grow-at-cagr-5-4-for-2020-2030.html "Shoe Insert Market will reach valuation of US$ 36.2 Bn by 2020 and is expected to grow at CAGR ~ 5.4% for 2020–2030") steadily in India and China, owing to robust innovation and growth in the manufacturing of industrial equipment in these countries.
- Growing need for lightweight metal components is presenting [significant](https://www.financedigest.com/global-recycled-metal-market-projected-to-garner-significant-revenues-by-2026-2.html "Global Recycled Metal Market Projected to Garner Significant Revenues by 2026") opportunities for metal powder manufacturers.
- Direct Metal Deposition (Ded) with metal powder is [anticipated to boost demand in future](https://www.financedigest.com/ibuprofen-api-market-to-reach-us-772-2-million-by-2029-and-is-anticipated-to-increase-at-3-cagr-future-market-insights-inc.html "Ibuprofen API Market to Reach US$ 772.2 Million by 2029, and is anticipated to increase at 3% CAGR: Future Market Insights, Inc").
- Rising demand for metal [powder for state-of-the-art technology is being witnessed](https://www.financedigest.com/the-flax-protein-powder-market-to-witness-steadfast-growth.html "The Flax Protein Powder Market To Witness Steadfast Growth") across regions.
- By material, iron will hold [around 80% of the overall market](https://www.financedigest.com/the-compounding-pharmacies-market-to-stick-around-based-on-organic-expansion.html "The Compounding Pharmacies Market to stick around based on organic expansion") share.
- Powder metallurgy dominates the landscape with over [90% market share](https://www.financedigest.com/zoom-shares-down-90-from-peak-as-pandemic-boom-fades.html "Zoom shares down 90% from peak as pandemic boom fades").
- North America and Europe, together, hold close to [60% share of the global market](https://www.financedigest.com/frozen-pizza-market-will-register-a-cagr-of-6-0-during-2031-to-reach-about-us-32-89-bn-future-market-insights-inc.html "Frozen Pizza Market will register a CAGR of 6.0% during 2031 to reach about US$ 32.89 Bn | Future Market Insights Inc. ").
- Due to the COVID-19 pandemic, the [global metal powder industry](https://www.financedigest.com/auger-powder-filling-machine-market-one-of-the-most-booming-industry-in-upcoming-years-due-to-global-demand-in-industry-by-2027.html "Auger Powder Filling Machine Market| One of the Most Booming Industry in Upcoming Years Due to Global Demand in Industry by 2027") declined and experienced a CAGR of -1.8% in 2020. However, as things gradually get back to normal, the [market will get back](https://www.financedigest.com/analysis-bond-traders-get-their-swagger-back-in-rate-obsessed-markets.html "Analysis-Bond traders get their swagger back in rate-obsessed markets") to its normal growth trajectory of around 3% in 2021.

_“Demand for lightweight metal [components across industries catalyzing market](https://www.financedigest.com/mechanical-performance-tuning-components-market-is-projected-to-exhibit-a-moderate-cagr-of-around-4-over-the-period-of-2019-2029-to-reach-a-valuation-of-us-260-bn-by-the-end-of-2029.html "Mechanical Performance Tuning Components Market is projected to exhibit a moderate CAGR of around 4% over the period of 2019-2029, to reach a valuation of US$ 260 Bn by the end of 2029") growth,”_ says a Persistence Market Research analyst.

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[**COVID-19 Impact**](https://www.financedigest.com/predisposition-biomarkers-market-future-trends-segmentation-strategies-to-boost-growth-applications-with-covid-19-impact-till-2028.html "Predisposition Biomarkers Market Future Trends, Segmentation, Strategies to Boost Growth, Applications with Covid-19 Impact till 2028")

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](https://www.financedigest.com/aussie-supermarkets-set-to-capitalise-on-high-inflation-but-softer-demand-ahead.html "Aussie supermarkets set to capitalise on high inflation, but softer demand ahead") to pick up with the resumption of economic activities in 2021. Market growth is [expected to be around](https://www.financedigest.com/around-40-of-german-companies-expect-output-decline-in-2023-iw-institute.html "Around 40% of German companies expect output decline in 2023 – IW institute") 3% in 2021 over 2020, and this trend will continue through 2031.

[**Market Landscape**](https://www.financedigest.com/histidine-market-outlook-current-and-future-industry-landscape-analysis-2029.html "Histidine Market Outlook, Current and Future Industry Landscape Analysis 2029")

Key manufacturers of metal powder, such as Sandvik AB, GKN PLC, ATI Powder Metals, Praxair Surface Technologies Inc., Hö ganäs AB, AMG Advanced Metallurgical Group, Rio Tinto Plc, voestalpine BÖ HLER 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](https://www.financedigest.com/incentive-fm-group-strengthenswindow-cleaning-portfolio-with-acquisition.html "INCENTIVE FM GROUP STRENGTHENSWINDOW CLEANING PORTFOLIO WITH ACQUISITION") of smaller companies in the market.

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**Want to Know More?**

Persistence [Market](https://www.financedigest.com/the-drinkable-peanut-powder-market-gloat-over-organic-development.html "The Drinkable Peanut Powder Market Gloat Over Organic Development") 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](https://www.financedigest.com/wine-market-worldwide-would-reach-us-846-3-billion-by-2032-according-to-future-market-insights.html "Wine Market Worldwide Would Reach US$ 846.3 billion by 2032, According to Future Market Insights") through different segments, namely, material, process, application, end use, and region. The [report also provides supply and demand](https://www.financedigest.com/demand-for-diagnostic-tools-for-evs-to-reach-us-5-4-billion-by-2033-fmi-report.html "Demand for Diagnostic Tools for EVs to reach US$ 5.4 billion by 2033: FMI Report") trends, supply-demand scenario, and a comprehensive list of suppliers and distributors in the market, along with a detailed overview of the parent market.

**Read More Trending “PMR Exclusive Article** **–** [https://www.prnewswire.com/news-releases/metal-powder-market-is-projected-to-grow-at-a-3-cagr-over-2018-to-2028—persistence-market-research-300856448.html](https://www.prnewswire.com/news-releases/metal-powder-market-is-projected-to-grow-at-a-3-cagr-over-2018-to-2028---persistence-market-research-300856448.html)

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