Global Metal Powder market will reach 8800 million US$ by the end of 2025
Published Date: 2019/5/9
Metal powder is a metal in the form of powder. It includes most types of metals. It is always added into the manufacturing process of product in order to strengthen it. Metal powder can be used in chemical processes, food supplements and additions, magnetic composites and other application fields.
As for the global metal powder industry, the industry structure is relatively stable. The top three manufacturers have 30.92% revenue market share in 2016. The Sweden giant Hoganas, which has 13.92% market share in 2016, is the leader in the metal powder industry. The manufacturers following Hoganas are Alcoa and Vale, which respectively has 11.25% and 5.75% market share globally.
The global production volume of metal powder products rises up from 1532 k MT in 2012 to 2013 k MT in 2016, with an average annual growth rate of 7%. At the same time, the revenue of world metal powder sales market has a rising from 5378 million dollars to 6454 million dollars from 2012 to 2016. The reason causes this increase is the rising demand for the metal powder products, which is the result of the spurring needs of downstream customers.
The Metal Powder market was valued at 6800 Million US$ in 2017 and is projected to reach 8800 Million US$ by 2025, at a CAGR of 3.3% during the forecast period.
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