The Global Market for Metal Powder witnessed rapid growth in 2013 and is projected to grow at a CAGR of 3.80% during the forecast period, that is, from 2015 to 2020, to reach USD 4,062.2 Million by 2020.

Browse 241 market data tables with 63 figures across 250 pages and in-depth TOC on “Metal Powder Market Type (Ferrous, Non-Ferrous), Metal Form (Recycled Metal, Ores), Production Method (Physical, Mechanical), Compaction Technique (Cold, Hot), Application (Transportation & Logistics, Industrial, Construction) - Global Forecast to 2020".

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The Asia-Pacific region is the fastest-growing market with the highest CAGR of 5.01% during the forecast period; this market is driven by increasing competition, consumer awareness, rising consumer spending, demand for powder metallurgy manufactured components, and technological advancements.

North America accounted for around 40.4% of the total market share in terms of value, followed by the Europe and Asia-Pacific. The Market for Metal Powder in developing countries such as China and India are estimated to grow at a relatively higher rate from 2015 to 2020.

China is estimated to grow faster than any other country because of its strong economic growth along with growing demand from end-user industries and rapid urbanization.

Ferrous metal powder accounted for the largest share of 73.6% of metal powder market in 2014. Non-ferrous metal powder is projected to be the fastest-growing segment from 2015 to 2020. Chemical method is projected to be the fastest-growing production segment during the same period.

Cold compaction, as a compaction technique, will be the fastest-growing technique from 2015 to 2020. Transportation & logistics accounted for the largest share of the metal powder market in 2014 due to the rising demand for fuel-efficient vehicles.

The market for metal powder is observed to be matured in developing economies such as Europe and North America. The reason behind this is the high disposable income.

The Asia-Pacific region is projected to be the fastest-growing market with the highest CAGR of 5.01% during the forecast period. North America accounted for the largest market a share of 40.4% in 2014. The global market for metal powder is projected to grow at a CAGR of 3.80% from 2015 to 2020 and is projected to reach USD 4,062.2 Million by 2020.

The metal powder market will be driven by the demand from end-use industries and technological advancements. The development of economies plays an essential role in increasing the demand for metal powder in the global market.

The key parameters that determine the growth of metal powder in developing economies are increase in consumption and demand for value-added & sustainable products.

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Companies such as Sandvik AB (Sweden), Carpenter Technology Corporation (U.S.), Hoganas AB (Sweden), GKN Plc. (U.K.), Rio Tinto (U.K.), and Allegheny Technologies Incorporated (U.S.) are some of the prominent companies in the metal powder market.

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