Metal Powder Market Size, Share & Trend Analysis Report By Materials (Ferrous & Non-Ferrous), By Technology (Press & Sinter, MIM, AM), By Application, By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the metal powder market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for metal powder market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of metal powder market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Metal Powder Market Categorization:

The metal powder market was categorized into four segments, namely material (Ferrous, Non-ferrous), technology (Press & Sinter, Metal Injection Molding, Additive Manufacturing), application (Automotive, Aerospace & Defense, Healthcare), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The metal powder market was segmented into material, technology, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The metal powder market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nine countries, namely, the U.S.; Germany; Italy; Spain; China; Japan; India; South Korea; Brazil.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Metal powder market companies & financials:

The metal powder market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Molyworks Materials Corporation - Molyworks Materials Corporation was originated in 2015 and is headquartered in California, U.S. The company manufactures metal powders for additive manufacturing applications. It recycles additive manufacturing metal powder from scrap. It mainly serves aerospace & defense and energy industries. As of December 2019, it had 15 employees.

• Advanced Technology & Materials Co., Ltd. (AT&M) - Advanced Technology & Materials Co., Ltd. (AT&M) was founded in 1998 and is headquartered in Beijing, China. The firm is a national technology company approved by the Chinese Academy of Sciences and Ministry of Science, China. The company manufactures advanced metallic materials and solutions. The company’s product portfolio includes diamond tools, welding materials & products, magnetic materials & products, powder materials & products, refractory materials & products, and nanocrystalline & amorphous materials and products.

• JSC POLEMA - JSC POLEMA was established in 1961 and is headquartered in Tula Oblast, Russia. The company’s key regional markets include Southeast Asia, South America, EEC countries, North America, and remaining Asia Pacific. Its key end-use markets include aerospace, nuclear, medical, tool-making, oil & gas, agriculture, solar, diamond, glasswork, automotive & transportation, energy, chemical, and electrical.

• Sandvik AB - Sandvik AB was established in 1862 and is headquartered in Stockholm, Sweden. The company serves various industries with product lines including metal tools, tool systems, mining equipment, construction equipment, stainless steel, special alloys, titanium, furnace products, heating systems, hard materials, super hard materials, and industrial processing systems.

• Höganäs AB - Höganäs AB was founded in 1797 and is headquartered in Höganäs, Sweden. The company is engaged in manufacturing metal powders and carrying out the manufacturing, marketing, and sales of metal powders under various metallurgical segments including brazing, hot polymer filtration, water treatment, inductor systems, additive manufacturing, GLIDCOP, iron fortification, friction, sintered components, welding, surface coatings, and soft magnetic composites.

• GKN PLC - GKN PLC was established in 1759 and is headquartered in Redditch, UK. The company operates in various regions including North America, South America, Africa, Asia, Asia Pacific, Europe, and Australia. The core products of the company include chassis, driveshaft, prop shafts, and torque management for trucks and lightweight vehicles as well as tractor components and attachments, engine body, and frame for airplane and components for off-roading vehicles. GKN powder metallurgy mainly caters powders to manufacturers of additive manufacturing and press & sinter parts.

• Rio Tinto Metal Powders - Rio Tinto Metal Powderswas founded in 1968 and is headquartered in Sorel-Tracy, Canada. The company is the manufacturer of iron & steel metal powders.

• Rusal - Rusal was founded in 2000 by the merger of Siberian Aluminum and Millhouse Capital. The company is headquartered in Moscow, Russia. It had a total employee strength of 54,981 as of 2019. The company’s product portfolio includes primary aluminum, aluminum billets, rolling slabs, wire rods, aluminum powders, aluminum wheels, silicon, alumina, bauxite, and gallium. Its PM-Shelekhov and PM-Volgograd facilities located in Russia produce aluminum powder products.

• CRS Holdings Inc. - CRS Holdings Inc., commonly known asCarpenter Technology Corporation. The company wasfounded in 1889 and is headquartered in Philadelphia, U.S.  The company offers various products including specialty tools, titanium powder for 3D printing technologies, along with superalloys, corrosion-resistant alloys, and stainless steel alloys. It also offers premium specialty alloys such as cobalt, nickel, and titanium.

• Liberty House Group - Liberty House Group was established in 1992 and is headquartered in London, UK. The group is a UK-based manufacturer of metal and related products. Its key industry verticals include metals & mining, construction, automotive, agriculture, energy, aerospace, sports & leisure, and marine. The company has five business segments including commodities, recycling, aluminum, steel, and engineering. Its powder metal unit is located in the U.S., which serves metal injection molding (MIM), additive manufacturing (AM), hot isostatic pressing (HIP), and laser metal deposition (LMD) industries.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Metal Powder Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Metal Powder Market Report Assumptions:

• The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.