About Ferrous Metal Powder
Ferrous Metal Powders normally include much less than 50% Iron and are alloyed with an excessive proportion of any other guardian element, basically Chromium, Manganese and Silicon. Ferrous metals are typically closely iron-based and have magnetic properties. Ferrous metals are additionally much less highly-priced in contrast to ferrous metals making them greater fee positive for many industries. Popular ferrous metals encompass pure iron, carbon steel, forged iron, and different metal alloys.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.2% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Ferrous Metal Powder market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Carpenter Technology Corporation (United States), Sandvik AB (Sweden), RIO Tinto (United Kingdom), Allegheny Technologies Incorporated (United States), GKN PLC. (United Kingdom), Alcoa Inc. (United States), Hoganas AB (Sweden), Miba AG (Austria), Metaldyne Performance Group (United States) and Hitachi Chemicals Co. Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are BASF SE (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Ferrous Metal Powder market by Type (Ferrous, Non -Ferrous and Others), Application (Chemical processes, Food supplements and additions, Friction materials, Magnetic composites, Polymer filtration, Printing, Surface coatings, Welding and Others) and Region.
On the basis of geography, the market of Ferrous Metal Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-users, the sub-segment i.e. Automotive will boost the Ferrous Metal Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Metal Form, the sub-segment i.e. Recycled Metals will boost the Ferrous Metal Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Method, the sub-segment i.e. Mechanical will boost the Ferrous Metal Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Compaction, the sub-segment i.e. Hot Compaction will boost the Ferrous Metal Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Preference of Metal powder for Sustainable and Innovative Production and Manufacturing Technologies
Market Growth Drivers:
Rising Demand from different Industries and Growing demand for Sustainable Products due to the need for reducing the Environmental impact of the Metal Industry
Challenges:
Quality and Productivity
Restraints:
Raw Material Cost is very high
Opportunities:
Advancement in Metal Powder Technology
Market Leaders and their expansionary development strategies
In November 2023,Liberty Powder Metals Ltd, has been acquired by a group of private investors and, with immediate effect, will be known as Globus Metal Powders Ltd. The company, based in Middlesbrough, UK, produces a range of metal powders for Additive Manufacturing and Powder Metallurgy technologies.
In 2022, BASF launched Peptovitae, a series of four patented peptides that represent a new generation of scientifically developed biomimetic peptides. Peptovitae was developed in Asia through an exclusive relationship with Caregen, a Korean-based company and global leader in biomimetic peptide research and development.
Key Target Audience
Ferrous Metal Powder Manufacturers, Ferrous Metal Powder Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.