Global Metal Powder Market Size & Outlook

Press & sinter was the largest segment with a revenue share of 51.3% in 2020. Horizon Databook has segmented the Global metal powder market based on press & sinter, metal injection molding, additive manufacturing covering the revenue growth of each sub-segment from 2016 to 2027.

Metal powder is witnessing high demand from aerospace defense owing to the rising demand for lightweight parts and focus on improving the efficiency of the overall system. The ability to manufacture cheaper equipment in less time is expected to propel the demand for additive manufacturing in defense and aerospace industries over the forecast period.

Owing to the increase in demand for metal additive manufacturing from aerospace defense industries key players are investing to expand their capacity. For instance, in July 2021, Amaero announced that they are going to construct a USD 8 million titanium alloy gas atomization powder manufacturing plant in Victoria, Australia.

The plant is expected to serve the aerospace, defense, and tooling sectors.The demand for aircraft is increasing across the world. For instance, in 2023, Boeing and Airbus delivered 528 and 735 aircraft, compared to 480 and 633, respectively in previous year. In 2021, Airbus delivered 611 commercial aircraft, which was 8% more than the company delivered in 2020. Similarly, Boeing delivered 340 commercial aircraft in 2021.