Metal Powder Market (Type: Iron & Steel, Aluminum, Copper, Nickel, an www-transparencymarketresearch-com-metal-powder-ma | Page 4

Monumental Significance of Metal Powder Metallurgy Favoring Sales
Rapid increase in the significance of powder metallurgy has set the stage for the colossal production of metal
powders, primarily iron and steel, closely trailed by aluminum, copper, and nickel. Increased focus of
manufacturers on converting metal powders into beneficial engineering components continues to sustain the
growth of the market. With metal powders enabling various component manufacturers to achieve desired
shapes that would be challenging or impossible to create with solid metal, their sales are likely to reach a
milestone in the years to come.
Iron & Steel Powder Keeping Market Lucrativeness Intact
Shifting focus of companies on leveraging powdered metals over solid metals for wide applications such as
magnetic assemblies, filtration systems, sharp gemstone-grinding blades, and auto metal components continue
to uplift market gains. The lucrativeness of iron and steel powder is growing notably, as it managed to account
for ~ US$ 2.6 Bn in 2018, and is estimated to witness significant adoption in 2019 and beyond. Additionally, the
rising demand for metal powders with high stability and heat resistance will further augment the sales of iron
and steel powder.