The Metal Powders for Additive Manufacturing Market: was valued US$ 853 Mn. in 2020 and is expected to grow US$ 1573 Mn. by 2027, at a CAGR of 9.14% during the forecast period.
Metal Powders for Additive Manufacturing Market Insight:
Every facet of the Metal Powders for Additive Manufacturing Market is covered in this MMR study, including trends, drivers, and potential obstacles. The five regions addressed are Asia Pacific, North America, Europe, the Middle East, Africa, and South America. The non-woven tape market is divided geographically into various segments. This MMR study highlights the leading market participants in the data center industry along with their primary growth strategies.
Years considered for this MMR report:
Historical Years: 2017-2021
Estimated Year: 2027
Base Year: 2021
Forecast Period: 2022–2027
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The MMR conducted considerable primary and secondary research for this study. MMR started by compiling a list of producers from all over the world. MMR then conducted primary research with the companies that had been chosen. During the interview, respondents were also asked about their competition. MMR could utilize this technique to locate previously unknown producers due to the limitations of secondary research. All of the major manufacturers’ products, distribution routes, and global reach were evaluated by MMR.
Metal Powders for Additive Manufacturing Market Trends:
The MMR analysis evaluates all of the trends and technologies that will have a significant impact on the Metal Powders for Additive Manufacturing industry’s growth over the projection period. It highlights the key drivers, restraints, and opportunities that will effect market growth between 2022 and 2027.
Segmentation:
By material type, the alloy segment accounts for the largest market share of the global market and is expected to grow at a CAGR of around xx% during the forecast period. Because of the rising demand for alloy due to cheaper, easily moldable, and formable and used in numerous applications, such as automotive components, hearing aids, prototyping, and surgical guides. The manufacturers 3D Systems Corporation, Matsuura Machinery Corporation, and Hoeganaes Corporation are largely investing in the development of alloy, which expected the lead the market in the coming years.
Region-wise, North America held the largest market share of the metal powders for the additive manufacturing market in 2018 and expected to maintain its dominance over the forecast period (2021-2027). The rapid consumption of additive manufacturing with metal powders in several end-user industries, growing development metal industry, and growing miniaturization of electronic devices in several industries are the key driving factor for the region in the global market. Also, the well-established R&D centers and the rise in several manufacturers and a strong economy to support research funding are expected to improve the market growth in the global metal powders for the additive manufacturing market in the future. The growing demand for customized metal manufacturing in countries, such as the US, Canada, and Mexico, are expected to improve the market growth in the global metal powders for the additive manufacturing market during the forecast period.
Key players :
Key players use a variety of strategies to gain competitive advantages, including new product launches, product enhancements, and collaborative collaborations. Major key players are:
- GKN Plc.
• Rio Tinto
• Hitachi Chemical Co., Ltd.
• ATI Powder Metals
• Sandvik AB
• Renishaw plc.
• Praxair Technology Inc.
• Arconic Inc.
• Miba AG
• Hoganas AB
• Metaldyne Performance Group Inc.
• BÖHLER Edelstahl GmbH & Co KG
• Carpenter Technology Corporation
• Aubert & Duval
• 3D Systems Corporation
• Matsuura Machinery Corporation
• Hoeganaes Corporation
• Sandvik Group
• Shaanxi Hengtong Intelligent Machine Co., Ltd.
• Praxair Surface Technologies
• Cookson Precious Metals Ltd
- Recent Developments:
Recent happenings in the Metal Powders for Additive Manufacturing Market, as well as organic and inorganic expansion strategies, are included in the MMR reports. A number of businesses are prioritizing new product releases, as well as other organic growth strategies such as patents and events.
This report covers the following crucial features:
- What will be the size of the Metal Powders for Additive Manufacturing market in 2022, and what will be its annual growth rate from 2022 to 2027?
- In Metal Powders for Additive Manufacturing, what are the most important market trends?
- What elements do you think will help the Metal Powders for Additive Manufacturing market grow?
- What are the predicted roadblocks to the Metal Powders for Additive Manufacturing market’s expansion?
North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, as well as their respective key countries, are also explored in the Metal Powders for Additive Manufacturing market.
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