Metal Powder Market (Type: Iron & Steel, Aluminum, Copper, Nickel, an www-transparencymarketresearch-com-metal-powder-ma | Page 3

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Metal Powder Market - Historical Development & Futuristic Outlook
Metal powder is a holy grail for any product; however, it took decades for it to garner traction as a key brick for
building essential metal-based components that hold massive industrial value. By the 1920s, manufacturers
started leveraging metal powders to make versatile and potent tools and self-lubricating bearings. Years later,
the list of metal powder products witnessed expansion, with German engineers making metal powder-based
firearm components.
It was only after World War II that powder metallurgy witnessed major growth and diffusion across the
industrialized world. The traction for automobiles grew vividly, and so too did the production of sintered metal
parts based on metal powders. Since then, the market for metal powder didn’t look back, and garnered increased
traction with every passing year, as the TMR analysis indicates an upward trajectory for this industry. The TMR
analysis indicates that, the growing adoption of metal powders for manufacturing desired metallic compositions
and components armed the market to account for a revenue worth ~ US$ 6.8 Bn in 2018.
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Compelling Trends that are Here to Stay
Additive Manufacturing - High-Value, Long-Term Opportunity
The metal powder industry has incessantly reinvented itself in the modern era to fit in rapidly changing
technologies such as additive manufacturing (AM). Additive manufacturing is finding wide employment for the
production of a series of components using metal powders for the most demanding applications. This has led to
the growing focus of manufacturers on forming gas atomized metal powder that is specially designed for
additive manufacturing for applications within; for instance, rapid tooling areas.
Automotive Production – Mine of Applications for Metal Powder
The popularity of 3D printing using powder metals has spiked over the recent past, owing to their wide benefits
such as shorter lead times, less labor, reduced waste, and fewer process steps. With quality advances in powder
metal (PM) processes, armed with industrial gas technology pushing the additive manufacturing and automotive
industry into the fast-forward gear, stakeholders are highly likely to reap unabated gains in the forthcoming
years. Iron and steel powder is the most predominately employed metal powder in automotive part production
processes due to their high density and precision.