Global metal powder market forecast to Reach USD 4,062.2 million by 2020
February 22, 2016
Research and Markets has announced the publication of its industry report, ‘Metal Powder Market by Type, by Metal Form, by Production Method, by Compaction Technique, by Application – Global Forecast to 2020’.
The report states that the global market for metal powder is projected to grow at a CAGR of 3.80% from 2015 to 2020 and is projected to reach USD 4,062.2 million by 2020. The Asia-Pacific region is the fastest-growing metal powder market with the highest CAGR of 5.01%, this market is driven by increasing competition, consumer awareness, rising consumer spending, demand for Powder Metallurgy manufactured components and technological advancements.
North America accounted for around 40.4% of the total market share in terms of value, followed by Europe and Asia-Pacific. The metal powder market in developing countries such as China and India are estimated to grow at a relatively higher rate from 2015 to 2020. China is estimated to grow faster than any other country because of growing demand from end-user industries and rapid urbanisation.
Ferrous metal powder accounted for the largest share of 73.6% of metal powder market in 2014. Non-ferrous metal powder is projected to be the fastest-growing segment from 2015 to 2020.
The report estimates the market size of the global metal powder market in terms of value (USD million). In this report, the market is segmented based on metal form, type, production method, compaction technique, application, and region. Market drivers, restraints, challenges, raw materials, and product price trends are discussed in detail.
For more information visit http://www.researchandmarkets.com/research/r2vt8x/metal_powder
