The North America and Europe metal powder market size is expected to reach USD 7.29 billion by 2030., expanding at a CAGR of 7.1% over the forecast period. The rising penetration of powder metallurgy technologies in the manufacturing of components, in industries such as aerospace & defense and oil & gas, is expected to drive the market. Based on region, North America accounted for the larger revenue share of the market in 2021. Recently mandated policies in the U.S. to increase defense investment by significant levels are expected to bolster market growth.
The involvement of private players in space exploration projects is further expected to benefit the adoption of the metal powder market over the forecast period. The reduction in touch labor and lead time is a significant factor driving the growth of the market in aerospace & defense. For instance, in 2021, NASA developed rocket engine parts using metal additive manufacturing technology, in partnership with Aerojet Rocketdyne. The development team manufactured lightweight combustion chambers, injectors, and nozzles using 3D printing.
Owing to the increase in demand for metal additive manufacturing from aerospace & defense industries, key players are investing to expand their capacity. For instance, in November 2021, Sandvik, UK increased its manufacturing capacity to produce additive manufacturing metal powders at its Sandviken, Sweden plant, to serve various highly demanding industries including aerospace & defense. Additionally, in July 2021, Amaero announced the construction of a USD 8 million titanium alloy gas atomization powder manufacturing plant in Victoria, Australia. The plant is expected to serve the aerospace, defense, and tooling sector.
Increasing awareness of health risks, improved life expectancy, and access to affordable healthcare have been driving the medical industry in North America and Europe, thereby leading to the growth of the metal powder market. Additive manufacturing technology is an extremely reliable and cost-effective process that has been widely adopted by the medical industry since it improves the ability to produce complex parts that are otherwise difficult to achieve through other processes.
The involvement of private players in space exploration projects is further expected to benefit the adoption of the metal powder market over the forecast period. The reduction in touch labor and lead time is a significant factor driving the growth of the market in aerospace & defense. For instance, in 2021, NASA developed rocket engine parts using metal additive manufacturing technology, in partnership with Aerojet Rocketdyne. The development team manufactured lightweight combustion chambers, injectors, and nozzles using 3D printing.
Owing to the increase in demand for metal additive manufacturing from aerospace & defense industries, key players are investing to expand their capacity. For instance, in November 2021, Sandvik, UK increased its manufacturing capacity to produce additive manufacturing metal powders at its Sandviken, Sweden plant, to serve various highly demanding industries including aerospace & defense. Additionally, in July 2021, Amaero announced the construction of a USD 8 million titanium alloy gas atomization powder manufacturing plant in Victoria, Australia. The plant is expected to serve the aerospace, defense, and tooling sector.
Increasing awareness of health risks, improved life expectancy, and access to affordable healthcare have been driving the medical industry in North America and Europe, thereby leading to the growth of the metal powder market. Additive manufacturing technology is an extremely reliable and cost-effective process that has been widely adopted by the medical industry since it improves the ability to produce complex parts that are otherwise difficult to achieve through other processes.
North America And Europe Metal Powder Market Report Highlights
- Based on material, stainless-steel powder is expected to advance at a substantial CAGR of 6.9%, in terms of volume, across the forecast period. The stainless-steel powder segment is being driven by the rising demand for metal powder metallurgical parts in the automotive, aerospace & defense, medical, oil & gas, and power generation applications
- Based on process, additive manufacturing is expected to register a CAGR of 30.5%, in terms of volume, across the forecast period. Additive manufacturing works through CAD, enabling the production of components using a layer-by-layer, or additive method of construction. This aids in the manufacturing of complex structures without adding machining and manual labor
- Based on application, the medical segment is expected to register the highest CAGR of 8.3%, in terms of revenue, across the forecast period. Increasing requirement for reliable and miniature equipment and components that exhibit tight tolerance and precision is anticipated to support the segment growth
- In terms of region, North America is expected to register a revenue-based CAGR of 6.9% over the forecast period. The presence of major government and private aerospace companies, coupled with high defense and aerospace expenditure in the region, is expected to propel market growth over the forecast period
Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Research Methodology
1.4. Research Scope and Assumptions
1.5. Information Procurement
1.5.1. Purchased database
1.5.2. Internal Database
1.5.3. Secondary Sources
1.5.4. Third Party Perspective
1.5.5. Primary Research
1.6. Information Analysis
1.6.1. Data Analysis Models
1.7. Market Formulation and Data Visualization
1.8. Data Validation and Publishing
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Market Snapshot
2.3. Segmental Outlook
Chapter 3. Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Global Metal Powder Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Technology Overview
3.5. Regulatory Framework
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Market Challenges
3.6.4. Market Opportunity Analysis
3.7. Industry Analysis- Porter’s Five Forces
3.8. PESTEL Analysis
Chapter 4. North America and Europe Metal Powder Market: Material Estimates & Trend Analysis
4.1. Definition & Scope
4.2. Material Movement Analysis & Market Share, 2021 & 2030
4.3. Iron
4.3.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
4.4. Nickel
4.4.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
4.5. Stainless Steel
4.5.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
4.6. Others
4.6.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
Chapter 5. North America and Europe Metal Powder Market: Process Estimates & Trend Analysis
5.1. Definition & Scope
5.2. Process Movement Analysis & Market Share, 2021 & 2030
5.3. Additive Manufacturing
5.3.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
5.4. Metal Injection Molding
5.4.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
5.5. Press & Sinter
5.5.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
5.6. Thermal Spray and Laser Cladding
5.6.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
Chapter 6. North America and Europe Metal Powder Market: Application Estimates & Trend Analysis
6.1. Definition & Scope
6.2. Application Movement Analysis & Market Share, 2021 & 2030
6.3. Aerospace & Defense
6.3.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
6.4. Medical
6.4.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
6.5. Automotive
6.5.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
6.5.2. Market estimates & forecasts, by automotive applications, 2017 - 2030 (Tons) (USD Million)
6.6. Power Generation
6.6.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
6.7. Oil & Gas
6.7.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
6.8. Others
6.8.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
Chapter 7. North America and Europe Metal Powder Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2021 & 2030
7.2. North America
7.2.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
7.2.2. Market estimates and forecasts, by material, 2017 - 2030 (Tons) (USD Million)
7.2.3. Market estimates and forecasts, by process, 2017 - 2030 (Tons) (USD Million)
7.2.4. Market estimates and forecasts, by application, 2017 - 2030 (Tons) (USD Million)
7.2.5. U.S.
7.2.5.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
7.2.5.2. Market estimates and forecasts, by material, 2017 - 2030 (Tons) (USD Million)
7.2.5.3. Market estimates and forecasts, by process, 2017 - 2030 (Tons) (USD Million)
7.2.5.4. Market estimates and forecasts, by application, 2017 - 2030 (Tons) (USD Million)
7.3. Europe
7.3.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
7.3.2. Market estimates and forecasts, by material, 2017 - 2030 (Tons) (USD Million)
7.3.3. Market estimates and forecasts, by process, 2017 - 2030 (Tons) (USD Million)
7.3.4. Market estimates and forecasts, by application, 2017 - 2030 (Tons) (USD Million)
7.3.5. Germany
7.3.5.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
7.3.5.2. Market estimates and forecasts, by material, 2017 - 2030 (Tons) (USD Million)
7.3.5.3. Market estimates and forecasts, by process, 2017 - 2030 (Tons) (USD Million)
7.3.5.4. Market estimates and forecasts, by application, 2017 - 2030 (Tons) (USD Million)
7.3.6. UK
7.3.6.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
7.3.6.2. Market estimates and forecasts, by material, 2017 - 2030 (Tons) (USD Million)
7.3.6.3. Market estimates and forecasts, by process, 2017 - 2030 (Tons) (USD Million)
7.3.6.4. Market estimates and forecasts, by application, 2017 - 2030 (Tons) (USD Million)
7.3.7. France
7.3.7.1. Market estimates and forecasts, 2017 - 2030 (Tons) (USD Million)
7.3.7.2. Market estimates and forecasts, by material, 2017 - 2030 (Tons) (USD Million)
7.3.7.3. Market estimates and forecasts, by process, 2017 - 2030 (Tons) (USD Million)
7.3.7.4. Market estimates and forecasts, by application, 2017 - 2030 (Tons) (USD Million)
Chapter 8. Competitive Analysis
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company /Competition Categorization
8.3. Vendor Landscape
8.3.1. List of Raw Material Suppliers, Distributors, and Other Prominent Manufacturers
8.3.2. List of Prospective End-Users
Chapter 9. North America and Europe Metal Powder Market: Company Profiles
9.1. Lineage Metallurgical LLC
9.1.1. Company Overview
9.1.2. Product Benchmarking
9.2. OC Oerlikon Management AG
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Powder Alloy Corporation
9.3.1. Company Overview
9.3.2. Product Benchmarking
9.4. SMP Metal Powder.
9.4.1. Company Overview
9.4.2. Product Benchmarking
9.5. Steward Advanced Materials LLC
9.5.1. Company Overview
9.5.2. Product Benchmarking
List of Tables
Table 1 North America and Europe metal powder market estimates and forecasts, by aerospace & defense, 2017 - 2030 (Tons) (USD Million)
Table 2 North America and Europe metal powder market estimates and forecasts, by medical, 2017 - 2030 (Tons) (USD Million)
Table 3 North America and Europe metal powder market estimates and forecasts, by automotive, 2017 - 2030 (Tons) (USD Million)
Table 4 North America and Europe metal powder market estimates and forecasts, by power generation, 2017 - 2030 (Tons) (USD Million)
Table 5 North America and Europe metal powder market estimates and forecasts, by oil & gas, 2017 - 2030 (Tons) (USD Million)
Table 6 North America and Europe metal powder market estimates and forecasts, by other applications, 2017 - 2030 (Tons) (USD Million)
Table 7 North America and Europe metal powder market estimates and forecasts by iron, 2017 - 2030 (Tons) (USD Million)
Table 8 North America and Europe metal powder market estimates and forecasts, by nickel, 2017 - 2030 (Tons) (USD Million)
Table 9 North America and Europe metal powder market estimates and forecasts, by stainless steel, 2017 - 2030 (Tons) (USD Million)
Table 10 North America and Europe metal powder market estimates and forecasts, by other materials, 2017 - 2030 (Tons) (USD Million)
Table 11 North America and Europe metal powder Market estimates and forecasts, by additive manufacturing, 2017 - 2030 (Tons) (USD Million)
Table 12 North America and Europe metal powder market estimates and forecasts, by metal injection molding, 2017 - 2030 (Tons) (USD Million)
Table 13 North America and Europe metal powder market estimates and forecasts, by press & sinter, 2017 - 2030 (Tons) (USD Million)
Table 14 North America and Europe metal powder market estimates and forecasts, by thermal spray and laser cladding, 2017 - 2030 (Tons) (USD Million)
Table 15 North America metal powder market estimates and forecasts, by material, 2017 - 2030 (Tons)
Table 16 North America metal powder market estimates and forecasts, by material, 2017 - 2030 (USD Million)
Table 17 North America metal powder market estimates and forecasts, by process, 2017 - 2030 (Tons)
Table 18 North America metal powder market estimates and forecasts, by process, 2017 - 2030 (USD Million)
Table 19 North America metal powder market estimates and forecasts, by application, 2017 - 2030 (Tons)
Table 20 North America metal powder market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 21 U.S. metal powder market estimates and forecasts, by material, 2017 - 2030 (Tons)
Table 22 U.S. metal powder market estimates and forecasts, by material, 2017 - 2030 (USD Million)
Table 23 U.S. metal powder market estimates and forecasts, by process, 2017 - 2030 (Tons)
Table 24 U.S. metal powder market estimates and forecasts, by process, 2017 - 2030 (USD Million)
Table 25 U.S. metal powder market estimates and forecasts, by application, 2017 - 2030 (Tons)
Table 26 U.S. metal powder market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 27 Europe metal powder market estimates and forecasts, by material, 2017 - 2030 (Tons)
Table 28 Europe metal powder market estimates and forecasts, by material, 2017 - 2030 (USD Million)
Table 29 Europe metal powder market estimates and forecasts, by process, 2017 - 2030 (Tons)
Table 30 Europe metal powder market estimates and forecasts, by process, 2017 - 2030 (USD Million)
Table 31 Europe metal powder market estimates and forecasts, by application, 2017 - 2030 (Tons)
Table 32 Europe metal powder market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 33 Germany metal powder market estimates and forecasts, by material, 2017 - 2030 (Tons)
Table 34 Germany metal powder market estimates and forecasts, by material, 2017 - 2030 (USD Million)
Table 35 Germany metal powder market estimates and forecasts, by process, 2017 - 2030 (Tons)
Table 36 Germany metal powder market estimates and forecasts, by process, 2017 - 2030 (USD Million)
Table 37 Germany metal powder market estimates and forecasts, by application, 2017 - 2030 (Tons)
Table 38 Germany metal powder market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 39 France metal powder market estimates and forecasts, by material, 2017 - 2030 (Tons)
Table 40 France metal powder market estimates and forecasts, by material, 2017 - 2030 (USD Million)
Table 41 France metal powder market estimates and forecasts, by process, 2017 - 2030 (Tons)
Table 42 France metal powder market estimates and forecasts, by process, 2017 - 2030 (USD Million)
Table 43 France metal powder market estimates and forecasts, by application, 2017 - 2030 (Tons)
Table 44 France metal powder market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Table 45 UK metal powder market estimates and forecasts, by material, 2017 - 2030 (Tons)
Table 46 UK metal powder market estimates and forecasts, by material, 2017 - 2030 (USD Million)
Table 47 UK metal powder market estimates and forecasts, by process, 2017 - 2030 (Tons)
Table 48 UK metal powder market estimates and forecasts, by process, 2017 - 2030 (USD Million)
Table 49 UK metal powder market estimates and forecasts, by application, 2017 - 2030 (Tons)
Table 50 UK metal powder market estimates and forecasts, by application, 2017 - 2030 (USD Million)
List of Figures
Fig. 1 North America and Europe metal powder: Market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Primary research approaches
Fig. 6 Market snapshot
Fig. 7 Segment outlook
Fig. 8 Penetration & growth prospect mapping
Fig. 9 Value chain analysis
Fig. 10 Market dynamics
Fig. 11 Market driver analysis
Fig. 12 Market restraint analysis
Fig. 13 North America and Europe Metal Powder Market: Material movement analysis, 2021 & 2030 (%)
Fig. 14 North America and Europe Metal Powder Market: Application movement analysis, 2021 & 2030 (%)
Fig. 15 North America and Europe Metal Powder Market: Process movement analysis, 2021 & 2030 (%)
Fig. 16 North America and Europe Metal Powder Market: Regional movement analysis, 2021 & 2030 (%)
Companies Mentioned
- Lineage Metallurgical LLC
- OC Oerlikon Management AG
- Powder Alloy Corporation
- SMP Metal Powder.
- Steward Advanced Materials LLC
Methodology
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