Global Metal Powder Market: Key Highlights
Global Metal Powder Market: Key Market Dynamics
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Global Metal Powder Market: Regional Overview
Asia Pacific has become the area of interest of stakeholders, owing to it being an automotive hub. The brownie determinant of Asia Pacific remains the availability of low-cost labor and lucrative incentive policies from the government of China that continue to appeal to leading automotive producers and electrical and electronics manufacturers to make investments in the region. The opportunistic value of metal powders continues to grow due to the increasing demand for automotive components from countries such as China and India..
North America is anticipated to register the fastest CAGR, in terms of volume over the forecast period, due to the growth in the manufacturing segment along with advancements in the industry. The U.S. is the major regional consumer of metal powder, where the growing production of automotive components is anticipated to propel the market growth. Also, the production for Powder metals parts is expected to increase in other sectors including lawn and garden, commercial, off-road, and agriculture.
Global Metal Powder Market: Key Players Overview
Sandvik AB is a Swedish multinational engineering company with approximately 40,000 employees and sales in more than 160 countries. In February 2018, Sandvik AB announced plans to invest around SEK 200 Mn in a new plant for the manufacture of titanium and nickel fine metal powders in the Sandvik Materials Technology business area. This investment is expected to complement the existing powder offerings, and strengthen the company’s position in the rapidly growing markets for metal powder and metal additive manufacturing.
Höganäs AB is a Swedish multinational based in Höganäs. It is the world's largest producer of powdered metals. It develops and markets powders for customers in metallurgical industries. In December 2017, Höganäs AB signed an agreement to acquire Germany-based H.C. Starck Group’s Surface Technology & Ceramic Powders division, STC. The acquisition of STC enabled the company to obtain access to new customers within aerospace, and add a complementary geographic fit with STC’s strong presence in Europe in addition to its strong geographical presence in Asia and the Americas.
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