Metal Powder Market: Automotive Industry Reaps Benefit from Metal Additive Manufacturing

Published on : Jul 31, 2019

Albany, New York, July 31, 2019: Over the years, metal powder has exhibited notable growth in production of parts and components for it possesses special compositions by 3D near net shape forming methods and elemental mixing. Metal powder has not been confined to metal materials and made inroads in organic materials and ceramics.

These insights are according to the intelligence report, titled, “Metal Powder Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2027,” which has been freshly added to Market Research Hub’s (MRH) overarching repository.

Metal powder, over the past few decades, has been regarded as a superior way of producing high-quality parts for a range of essential applications. Metal additive manufacturing, or metal 3D printing has lately forayed in the landscape that has the innate capability of changing time-to-market, production and simplicity of assemblies and components.

Even though additive manufacturing has been used as a prototyping and design tool for more than a decade, the attention of additive manufacturing has latterly shifted to direct production of components such as aircraft engine parts, medical implants and jewelry.

Automotive industry has been reaping benefit from 3D printing for it provides shorter lead times, fewer process steps and reduced waste. Owing to excellent precision and high density, iron and steel powder are extensively used in the production process of automotive parts.

One of the marked developments in metal powder spectrum was witnessed in May 2019 when GKN Powder Metallurgy opened additive manufacturing customer center and new powder metallurgy headquarters in North America. It is reported that the facility located in Michigan succored company in expanding its footprint in 3D printing network and scope of in-house powder metallurgy potentialities.

Metal Powder Market: Report Content

Quantitative and qualitative assessment exhort intelligence and overarching report on the metal powder market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the metal powder market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on metal powder.

An insightful and deep-dive assessment of the competitive assessment of the metal powder market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the metal powder market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.

Metal Powder Market: Research Methodology

Primary sources and secondary sources propel intelligence report on metal powder market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst. Report on metal powder market further acknowledges secondary sources—namely—Factiva, EC filing, press release, trade journals, resourceful database and governmental websites.

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