PUBLISHER: Market Research Future | PRODUCT CODE: 1755326
PUBLISHER: Market Research Future | PRODUCT CODE: 1755326
Information on US & Europe Metal Powder Market Research Report by Material (Non-Ferrous, Ferrous), By Process (Metal Injection Molding, Powder Metal Hot Isostatic Pressing, Additive manufacturing, Others), by Application (Oil & Gas, Energy & Power, Automotive, Medical, Aerospace & Defense, Others), by Region (Europe, US) Forecast Till 2032
The US & Europe metal powder market is anticipated to grow at a robust compound annual growth rate (CAGR) of 6.8% in 2032.
Growing automobile manufacturing and rising aerospace and defense applications are driving the US and Europe metal powder market. Among the main obstacles facing the US and European markets are high initial setup costs and restricted raw material availability. Metal powders appear to be widely employed in additive manufacturing processes such as powder metallurgy, thermal spraying, and 3D printing.
There are two types of factors influencing the metal powder market in the US and Europe: macro factors and micro factors, depending on the growth factor analysis. Macro factors include the growing automobile industry, high setup costs, the growing use of powder metal in the aerospace and defense industries, and the development of the energy sector, while disruption in the supply chain and increasing focus activities by industry players are determined as micro factors.
The US & Europe metal powder market is divided into two segmentations by material, such as non-ferrous, and ferrous. Ferrous metals showcase steel, iron, and stainless steel, while non-ferrous metals include aluminum, nickel, copper, titanium, and others.
Metal injection molding, powder metal hot isostatic pressing, additive manufacturing, and others are segmentation of the market determined by the process.
The regional market has been segmented by applications such as oil & gas, energy & power, automotive, medical, aerospace & defense, and others. By region, the market is also segmented including the US and Europe.
Based on the country the US & Europe metal powder market has been segmented into Germany, Portugal, Netherlands, Russia, Italy, UK, France, Spain, and the rest of Europe.
GKN Powder Metallurgy, Hoganas AB, Sandvik AB, BASF SE, Makin Metal Powders, Advanced Technology & Materials Co. Ltd., ATI Inc., Carpenter Technology Corporation, Rio Tinto, Kennametal are among the key players of US & Europe powder market.