Rising Application in Automotive and Aerospace Industries Stokes Growth of Global Metal Powders for Additive Manufacturing Market

With the demand from aerospace and automotive industries scaling higher, the global metal powders for additive manufacturing market is forecast to witness strong growth. Also, manufacturers of metal powders are keen on partnering with original equipment manufacturers across these industries.  This is intended at consistency, quality, and the powders’ overall performance. In addition, advances in the additive manufacturing technology, coupled with the rising demand for advanced materials are likely to give impetus to the global metal powders for additive manufacturing market. 

On the downside the high cost of metal powders is a persistent threat to the market. Nevertheless, the increasing demand for additive manufacturing technology owing to its unrivalled design will augur well for the market in the forthcoming years. According to Transparency Market Research, the global metal powders for additive manufacturing market is projected to stand at US$1,783.9 mn by the end of 2025. In 2016, the market stood at US$310.6 mn. If these figures hold true, the global metal powders for additive manufacturing market will expand at an impressive 22.4% CAGR between 2017 and 2025. 

Q: What factors are enabling the metal powders for additive manufacturing market exhibit strong growth? 

A: Robust properties of metal powders for additive manufacturing are positively impacting their market. For instance, titanium is increasingly preferred for metal powder as it offers display error resistance, corrosion resistance, high tensile strength, and lower adhesion to alien materials to products. These properties hold great importance in medical, nuclear, and aerospace industries, which is why the market finds key end users in these industries. Besides traction gained from end users, recent technological advances will stoke growth of the metal powders for additive manufacturing market. Because metal powders can be put to myriad uses, companies using additive manufacturing technology usually prefer using them. For instance, the automotive industry uses metal powders when manufacturing automotive parts such as steering, seats and doors, transmission parts, brakes, and engine components. 

Q: How is the market affected by the prevailing competition? 

A: Due to the presence of several companies, the global metal powders for additive manufacturing market exhibits a fragmented vendor landscape. Besides some of the leading companies, the metal powders for additive manufacturing market also has a sizeable representation of local enterprises. However, studies have found the market witness moderate competition as a majority of the prominent names in the market enjoy stronghold and specializes in their individual field of operation. Nevertheless, to gain edge over rivals, several players have expressed keenness on entering into strategic collaborations with OEMs of various industries such as automotive, healthcare, aerospace, and others. The strategies these companies adopt are intended at achieving their expansion goals. These strategies often leave a strong influence on the overall market as well. 

Some of the prominent companies operating in the global metal powders for additive market are Rio Tinto, Sandvik AB, GKN Plc., ATI Powder Metals, BĂ–HLER Edelstahl GmbH & Co KG, Hitachi Chemical Co. Ltd., Carpenter Technology Corporation, Renishaw plc., Metaldyne Performance Group Inc., Arconic Inc., Praxair Technology Inc., Hoganas AB, Miba AG, and Aubert & Duval among others.


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