Summary
US & Europe Metal Powder Market Research Report by Material (Ferrous, Non-Ferrous), By Process (Additive manufacturing, Metal Injection Molding, Powder Metal Hot Isostatic Pressing, Others), by Application (Automotive, Oil & Gas, Energy & Power, Medical, Aerospace & Defense, Others), by Region (US, Europe) Till 2032
Market Overview
The US & Europe metal powder market is expected to expand with a strong compound annual growth rate (CAGR) of 6.8% in 2032, while the overall market generated last revenue of 2023 was USD $ 4,796.2 million. Categorized by the material segmentation, Ferrous metals contributed $2,514.7 million during 2023. The automotive industry part of the application segment generated $2,941.8 million in revenue in 2023 as the leading application.
The US & Europe metal powder market is being driven by increasing automotive production and expanding applications in aerospace & defense. High initial set-up costs and limited availability of raw materials are some major restraints of the US & Europe markets. Metal powders seem extensively used in the manufacturing process including additive manufacturing like 3D printing, thermal spraying, and powder metallurgy.
Macro and micro factors are two variables of growth factor analysis of the US & Europe metal powder market. The expanding automotive industry, high setup cost, developing adoption of powder metal in the aerospace & defense sector, and advancement of the energy sector are part of the macro factors. On the other side, increasing focus activities by industry players and disruption in the supply chain are included in micro factors.
Market Segmentation
The US & Europe metal powder market is divided into two segmentations by material, ferrous and non-ferrous. Ferrous metals include iron, steel, and stainless steel, while non-ferrous metals include aluminum, copper, titanium, nickel, and others.
Additive manufacturing, metal injection molding, powder metal hot isostatic pressing and others are segmentations of the market determined by the process.
The regional market has been segmented by applications such as automotive, oil & gas, energy & power, aerospace & defense, medical and others. By region, the market is also segmented including the US and Europe.
Depends on the country categorization, the US & Europe metal powder market has been segmented into Germany, the UK, Italy, Spain, France, Russia, Portugal, the Netherlands, and the rest of Europe.
Major Players
BASF SE, Advanced Technology & Materials Co. Ltd., Makin Metal Powders, Sandvik AB, GKN Powder Metallurgy, Höganäs AB, ATI Inc., Carpenter Technology Corporation, Rio Tinto, Kennametal are among the key players of US & Europe powder market.
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Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY ............................................................................................................... 17
2 MARKET INTRODUCTION ............................................................................................................ 22
2.1 DEFINITION .................................................................................................................................................................. 22
2.2 SCOPE OF THE STUDY .............................................................................................................................................. 22
2.3 RESEARCH OBJECTIVE ............................................................................................................................................ 22
2.4 MARKET STRUCTURE .............................................................................................................................................. 23
3 RESEARCH METHODOLOGY ...................................................................................................... 24
3.1 OVERVIEW .................................................................................................................................................................... 24
3.2 DATA FLOW .................................................................................................................................................................. 27
3.2.1 DATA MINING PROCESS ................................................................................................................................. 27
3.3 PURCHASED DATABASE: ......................................................................................................................................... 28
3.4 SECONDARY SOURCES: ............................................................................................................................................ 29
3.4.1 SECONDARY RESEARCH DATA FLOW: ............................................................................................................. 30
3.5 PRIMARY RESEARCH: ............................................................................................................................................... 31
3.5.1 PRIMARY RESEARCH DATA FLOW: ................................................................................................................. 32
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: ........................................................................................... 33
3.6.1 TRADE ANALYSIS APPROACH ......................................................................................................................... 33
3.7 DATA FORECASTING................................................................................................................................................. 33
3.7.1 DATA FORECASTING TECHNIQUE .................................................................................................................... 34
3.8 DATA MODELING ........................................................................................................................................................ 35
3.8.1 MICROECONOMIC FACTOR ANALYSIS: ............................................................................................................ 35
3.8.2 DATA MODELING: ........................................................................................................................................... 35
3.9 TEAMS AND ANALYST CONTRIBUTION ........................................................................................................... 38
4 MARKET DYNAMICS .................................................................................................................... 40
4.1 INTRODUCTION ........................................................................................................................................................... 40
4.2 DRIVERS ......................................................................................................................................................................... 41
4.2.1 INCREASING AUTOMOTIVE PRODUCTION ........................................................................................................ 41
4.2.2 EXPANDING APPLICATION IN AEROSPACE & DEFENSE .................................................................................... 43
4.3 RESTRAINT .................................................................................................................................................................. 45
4.3.1 HIGH INITIAL SETUP COST .............................................................................................................................. 45
4.3.2 LIMITED AVAILABILITY OF RAW MATERIALS ................................................................................................... 46
4.4 OPPORTUNITY ............................................................................................................................................................. 47
4.4.1 GROWING DEMAND IN ENERGY SECTOR .......................................................................................................... 47
4.4.2 ADVANCEMENT OF OIL & GAS INDUSTRY ........................................................................................................ 48
4.5 IMPACT ANALYSIS OF COVID-19 .......................................................................................................................... 49
5 MARKET FACTOR ANALYSIS ...................................................................................................... 50
5.1 SUPPLY/VALUE CHAIN ANALYSIS ..................................................................................................................... 50
5.1.1 RAW MATERIAL SUPPLIERS ............................................................................................................................ 50
5.1.1.1 RAW MATERIAL SELECTION & PROCUREMENT ........................................................................................ 50
5.1.1.2 LIST OF RAW MATERIAL SUPPLIERS (COMPANY NAME, HEADQUARTERS, AND CONTACT DETAILS) ......... 51
5.1.2 MANUFACTURERS .......................................................................................................................................... 51
5.1.2.1 PROCESSING & PRODUCTION ................................................................................................................. 51
5.1.2.2 PRODUCT DEVELOPMENT AND INNOVATION .......................................................................................... 51
5.1.3 DISTRIBUTORS ............................................................................................................................................... 52
5.1.3.1 LOGISTICS ............................................................................................................................................. 52
5.1.3.2 SALES AND MARKETING STRATEGIES ..................................................................................................... 52
5.1.4 END-USER ...................................................................................................................................................... 52
5.1.4.1 CUSTOMER NEEDS, PREFERENCES, PAIN POINTS & APPLICATIONS ......................................................... 52
5.1.4.2 LIST OF POTENTIAL END-USERS (COMPANY NAME, END-USE, HEADQUARTERS, AND CONTACT DETAILS) 53
5.2 PORTER'S FIVE FORCES ANALYSIS ..................................................................................................................... 54
5.2.1 THREAT OF NEW ENTRANTS ........................................................................................................................... 54
5.2.2 BARGAINING POWER OF SUPPLIERS ............................................................................................................... 55
5.2.3 THREAT OF SUBSTITUTES .............................................................................................................................. 55
5.2.4 BARGAINING POWER OF BUYERS .................................................................................................................... 55
5.2.5 INTENSITY OF RIVALRY .................................................................................................................................. 55
5.3 PRICING ANALYSIS, BY REGION (2018-2032) (USD/TON) .............................................................................. 56
5.3.1 FACTORS AFFECTING PRICES ......................................................................................................................... 56
5.4 PESTLE ANALYSIS ..................................................................................................................................................... 57
5.5 BROAD LEVEL GAP ANALYSIS TO UNDERSTAND UNTAPPED AREAS .................................................. 58
5.5.1 BY TYPE ......................................................................................................................................................... 58
5.5.2 BY APPLICATION ............................................................................................................................................ 58
5.6 SUPPLY-DEMAND ANALYSIS ................................................................................................................................ 58
5.7 TECHNOLOGICAL ADVANCEMENTS ................................................................................................................... 59
5.7.1 INTEGRATION WITH ADDITIVE MANUFACTURING ............................................................................................ 59
5.7.2 MATERIAL INNOVATIONS ............................................................................................................................... 59
5.7.3 AUTOMATION AND DIGITALIZATION ............................................................................................................... 59
5.7.4 ENERGY EFFICIENCY AND SUSTAINABILITY ..................................................................................................... 59
5.8 REGULATORY FRAMEWORK ................................................................................................................................. 60
5.8.1 ENVIRONMENTAL REGULATIONS .................................................................................................................... 60
5.8.2 SAFETY STANDARDS ...................................................................................................................................... 60
5.9 RESEARCH & DEVELOPMENT UPDATE .............................................................................................................. 60
5.9.1 CURRENT SCENARIO ...................................................................................................................................... 60
5.9.2 FUTURE ROADMAP ......................................................................................................................................... 60
5.9.2.1 ADOPTION OF NEW TECHNOLOGIES ....................................................................................................... 61
5.9.3 CHALLENGES ................................................................................................................................................. 61
5.9.4 NOVEL APPLICATIONS ................................................................................................................................... 61
5.9.5 KEY DEVELOPMENTS ...................................................................................................................................... 62
5.10 INVESTMENT BENEFITS ANALYSIS .................................................................................................................. 62
5.11 RISK FACTOR ANALYSIS ......................................................................................................................................... 62
5.12 MARKET ENTRY BARRIERS FOR NEW PLAYERS .......................................................................................... 63
5.13 MARKET ENTRY STRATEGIES ............................................................................................................................. 63
5.14 KEY SUGGESTIONS FOR STAKEHOLDERS IN THE MARKET ...................................................................... 64
6 US & EUROPE METAL POWDER MARKET, BY MATERIAL ........................................................ 66
6.1 INTRODUCTION ........................................................................................................................................................... 66
6.1.1 FERROUS METALS .......................................................................................................................................... 66
6.1.2 NON-FERROUS METALS .................................................................................................................................. 66
7 US & EUROPE METAL POWDER MARKET, BY PROCESS ........................................................ 69
7.1 INTRODUCTION ........................................................................................................................................................... 69
7.1.1 ADDITIVE MANUFACTURING ........................................................................................................................... 69
7.1.2 METAL INJECTION MOLDING .......................................................................................................................... 69
7.1.3 POWDER METAL HOT ISOSTATIC PRESSING (PM HIP) ..................................................................................... 69
7.1.4 OTHERS ......................................................................................................................................................... 69
8 US & EUROPE METAL POWDER MARKET, BY APPLICATION .................................................. 72
8.1 INTRODUCTION ........................................................................................................................................................... 72
8.1.1 AUTOMOTIVE ................................................................................................................................................. 72
8.1.2 OIL & GAS ...................................................................................................................................................... 72
8.1.3 ENERGY & POWER .......................................................................................................................................... 72
8.1.4 MEDICAL ........................................................................................................................................................ 72
8.1.5 AEROSPACE & DEFENSE ................................................................................................................................. 73
8.1.6 OTHERS ......................................................................................................................................................... 73
9 US & EUROPE METAL POWDER MARKET, BY REGION ........................................................... 76
9.1 INTRODUCTION ........................................................................................................................................................... 76
9.1.1 US.................................................................................................................................................................. 76
9.1.2 EUROPE ......................................................................................................................................................... 76
9.2 REGIONAL ANALYSIS BY COUNTRY ................................................................................................................... 78
9.2.1 US.................................................................................................................................................................. 78
9.2.2 EUROPE ......................................................................................................................................................... 81
9.2.2.1 GERMANY .............................................................................................................................................. 83
9.2.2.2 UK ......................................................................................................................................................... 86
9.2.2.3 FRANCE ................................................................................................................................................. 88
9.2.2.4 RUSSIA .................................................................................................................................................. 91
9.2.2.5 ITALY..................................................................................................................................................... 93
9.2.2.6 SPAIN .................................................................................................................................................... 96
9.2.2.7 PORTUGAL ............................................................................................................................................. 98
9.2.2.8 NETHERLANDS....................................................................................................................................... 101
9.2.2.9 REST OF EUROPE ................................................................................................................................... 103
10 COMPETITIVE LANDSCAPE ........................................................................................................ 107
10.1 INTRODUCTION ........................................................................................................................................................... 107
10.2 COMPANY MARKET SHARE ANALYSIS, 2023 (%) .......................................................................................... 107
10.3 COMPETITIVE BENCHMARKING .......................................................................................................................... 108
10.4 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2023 ................................................................... 109
10.5 KEY DEVELOPMENTS & GROWTH STRATEGIES ............................................................................................ 110
10.5.1 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT ............................................................................................ 110
10.5.2 INVESTMENT ................................................................................................................................................. 111
10.5.3 CAPACITY EXPANSION ................................................................................................................................... 111
10.5.4 ACQUISITION ................................................................................................................................................. 112
10.5.5 AGREEMENT .................................................................................................................................................. 112
11 COMPANY PROFILES .................................................................................................................. 113
11.1 BASF SE .......................................................................................................................................................................... 113
11.1.1 COMPANY OVERVIEW ..................................................................................................................................... 113
11.1.2 FINANCIAL OVERVIEW .................................................................................................................................... 114
11.1.3 PRODUCTS OFFERED ...................................................................................................................................... 114
11.1.3.1 PRODUCT DESCRIPTION ......................................................................................................................... 115
11.1.4 KEY DEVELOPMENTS ...................................................................................................................................... 115
11.1.5 SWOT ANALYSIS ............................................................................................................................................ 116
11.1.6 KEY STRATEGY ............................................................................................................................................... 116
11.2 ADVANCED TECHNOLOGY & MATERIALS CO., LTD. ...................................................................................... 117
11.2.1 COMPANY OVERVIEW ..................................................................................................................................... 117
11.2.2 FINANCIAL OVERVIEW .................................................................................................................................... 117
11.2.3 PRODUCTS OFFERED ...................................................................................................................................... 117
11.2.3.1 PRODUCT DESCRIPTION ......................................................................................................................... 117
11.2.4 KEY DEVELOPMENTS ...................................................................................................................................... 118
11.2.5 SWOT ANALYSIS ............................................................................................................................................ 119
11.2.6 KEY STRATEGY ............................................................................................................................................... 119
11.3 MAKIN METAL POWDERS ...................................................................................................................................... 120
11.3.1 COMPANY OVERVIEW ..................................................................................................................................... 120
11.3.2 FINANCIAL OVERVIEW .................................................................................................................................... 120
11.3.3 PRODUCTS OFFERED ...................................................................................................................................... 121
11.3.3.1 PRODUCT DESCRIPTION ......................................................................................................................... 121
11.3.4 KEY DEVELOPMENTS ...................................................................................................................................... 122
11.3.5 SWOT ANALYSIS ............................................................................................................................................ 122
11.3.6 KEY STRATEGY ............................................................................................................................................... 123
11.4 SANDVIK AB ................................................................................................................................................................. 124
11.4.1 COMPANY OVERVIEW ..................................................................................................................................... 124
11.4.2 FINANCIAL OVERVIEW .................................................................................................................................... 125
11.4.3 PRODUCTS OFFERED ...................................................................................................................................... 125
11.4.3.1 PRODUCT DESCRIPTION ......................................................................................................................... 128
11.4.4 KEY DEVELOPMENTS ...................................................................................................................................... 130
11.4.5 SWOT ANALYSIS ............................................................................................................................................ 132
11.4.6 KEY STRATEGY ............................................................................................................................................... 132
11.5 GKN POWDER METALLURGY ................................................................................................................................ 133
11.5.1 COMPANY OVERVIEW ..................................................................................................................................... 133
11.5.2 FINANCIAL OVERVIEW .................................................................................................................................... 134
11.5.3 PRODUCTS OFFERED ...................................................................................................................................... 134
11.5.4 KEY DEVELOPMENTS ...................................................................................................................................... 135
11.5.5 SWOT ANALYSIS ............................................................................................................................................ 136
11.5.6 KEY STRATEGY ............................................................................................................................................... 136
11.6 HÖGANÄS AB ............................................................................................................................................................... 137
11.6.1 COMPANY OVERVIEW ..................................................................................................................................... 137
11.6.2 FINANCIAL OVERVIEW .................................................................................................................................... 138
11.6.3 PRODUCTS OFFERED ...................................................................................................................................... 138
11.6.3.1 PRODUCT DESCRIPTION ......................................................................................................................... 139
11.6.4 KEY DEVELOPMENTS ...................................................................................................................................... 140
11.6.5 SWOT ANALYSIS ............................................................................................................................................ 140
11.6.6 KEY STRATEGY ............................................................................................................................................... 141
11.7 ATI INC. .......................................................................................................................................................................... 142
11.7.1 COMPANY OVERVIEW ..................................................................................................................................... 142
11.7.2 FINANCIAL OVERVIEW .................................................................................................................................... 143
11.7.3 PRODUCTS OFFERED ...................................................................................................................................... 143
11.7.4 KEY DEVELOPMENTS ...................................................................................................................................... 144
11.7.5 SWOT ANALYSIS ............................................................................................................................................ 145
11.7.6 KEY STRATEGY ............................................................................................................................................... 145
11.8 CARPENTER TECHNOLOGY CORPORATION ..................................................................................................... 146
11.8.1 COMPANY OVERVIEW ..................................................................................................................................... 146
11.8.2 FINANCIAL OVERVIEW .................................................................................................................................... 147
11.8.3 PRODUCTS OFFERED ...................................................................................................................................... 147
11.8.3.1 PRODUCT DESCRIPTION ......................................................................................................................... 148
11.8.4 KEY DEVELOPMENTS ...................................................................................................................................... 149
11.8.5 SWOT ANALYSIS ............................................................................................................................................ 149
11.8.6 KEY STRATEGY ............................................................................................................................................... 149
11.9 RIO TINTO...................................................................................................................................................................... 150
11.9.1 COMPANY OVERVIEW ..................................................................................................................................... 150
11.9.2 FINANCIAL OVERVIEW .................................................................................................................................... 151
11.9.3 PRODUCTS OFFERED ...................................................................................................... 151
11.9.4 KEY DEVELOPMENTS ................................................................................................... 153
11.9.5 SWOT ANALYSIS .................................................................................................... 153
11.9.6 KEY STRATEGY .................................................................................................. 154
11.10 KENNAMETAL ............................................................................................. 155
11.10.1 COMPANY OVERVIEW ..................................................................................................... 155
11.10.2 FINANCIAL OVERVIEW .................................................................................................................................... 156
11.10.3 PRODUCTS OFFERED .............................................................................................. 156
11.10.3.1 PRODUCT DESCRIPTION ............................................................................. 157
11.10.4 KEY DEVELOPMENTS .................................................................................. 157
11.10.5 SWOT ANALYSIS ............................................................................................................................................ 158
11.10.6 KEY STRATEGY ...................................................................................................... 158
11.11 DATA CITATIONS...................................................................................................... 159