Metal Powder Market (Type: Iron & Steel, Aluminum, Copper, Nickel, an www-transparencymarketresearch-com-metal-powder-ma | Page 6

processes in the metal powder market continue to enable the use of metal powder as an instrumental
component to develop revolutionary parts with applications in various industries.
The metal powder market can be characterized by the presence of four leading players - Rio Tinto, Hoganas AB,
GKN Plc., and Sandvik AB, who are focusing on innovation to address the growing end user quest for fine metal
powders. In a fragmented market with a large number of small players, the development of new production
plants is garnering increased focus as a solid step in the staircase that leads to a strong hold in market. Sensing
the potential gains of setting up new production plants, in February 2018, Sandvik invested SEK 200 Mn in a new
manufacturing plant for the production of titanium and nickel fine metal powders, with an aim to complement
the company’s existing metal powder portfolio and strengthen its market standing.
Analysts’ Viewpoint
Authors of the report on the global metal powder market are optimistic about its growth during
the foreseeable period of 2019 to 2027. In view of the broad applications of metal powders and
their growing use in powder metallurgy to form products that hold imminent value across
diverse industries, stakeholders are expecting higher gains ahead. Competition among partakers
is highly likely to intensify, as they are engaged in exhaustive R&D activities, and are developing
powders that are in tune with the rapidly changing trends and customer expectations.
Companies that leverage constant innovation to develop powders compatible with modern
component manufacturing technologies and focus on capacity expansion will gain a stronger
hold in the market space.
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