The global Metal Powder Market size was valued at USD 5.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.1% from 2020 to 2026.
Metal Powder is which used to manufacture galvanized steel and to create brass. It is also used in certain types of paints and for precision die casting as well as for plating other types of metals.
Market Competitors in the metal powder market consist of Sandvik, Alcoa, Laiwu Iron & Steel, Carpenter Technology, BASF, Advanced Metallurgical Group, ATI, Höganäs AB, GKN Hoeganaes and more.
Sandvik has signed an agreement on Nov 2020 to acquire US based CGTech, which makes software for numerical control (NC/CNC) simulation, verification and optimization. CGTech also supplies Vericut, a machining simulation and optimization software which is CAM, machine tool manufacturer and cutting tool neutral and works stand alone or in conjunction with all major CAM suppliers, the company said. The company will be reported in Sandvik Coromant, a division within Sandvik Machining Solutions. Further In Sept 2020 Sandvik new powder plant in Sweden Has recently received the ISO 13485 medical certification for osprey titanium powders, now approved for use in the additive manufacturing of medical applications. 3D printing of implants enables rapid manufacturing directly from an individual’s anatomical data-enhancing the healing process and improving the prognosis for the patient.
SINTX Technologies, which makes silicon nitride ceramic for medical and non-medical applications, has received a US patent covering a variety of biomedical implants. The company’s silicon nitride can now be applied to the implants in order to improve their antibacterial characteristics. In the biomedical space, SINTX can now add its material to biomaterials such as polyether ether ketone (PEEK) and titanium. The company says that it has already developed a composite of silicon nitride and PEEK and expects to launch the product in early 2021. SINTX also provides silicon nitride in other forms such as sintered powders and soluble fractions,. The company next plans to leverage the antipathogenic properties of silicon nitride, and increase its IP portfolio in that area.
VELO3D has introduced Sapphire XC, Nov 2020 a large-format 3D printer that could increase production throughput by 5X and reduce cost-per-part by up to 75% when compared to the existing Sapphire system. Sapphire XC has a build volume of 600 mm x 550 mm compared to 315 mm x 400 mm in the existing Sapphire system, and eight lasers x 1,000W each, compared to 2 lasers x 1,000W. The company also announced plans to roll out Sapphire Gen 2, a software and hardware upgrade to the current system. According to VELO3D, the upgrade could lead to an improvement of anywhere between 10-50% in productivity and part cost metrics when compared to the current Sapphire system. The Sapphire Gen 2 upgrade will be available to retrofit on all installed systems starting in Q2 2021.
Horizon Technology, St. Mary’s, Pennsylvania, USA, highlighted the use of Powder Metallurgy Soft Magnetic Composites (SMCs) in the production of electric motors. Comparing both electrical steel laminations and SMC methods, Horizon stated that while both have their benefits, they also have some problems, including core losses, shape-making limitations, and overheating.
In March 2020, iron powder shipments witnessed a y-o-y decline of 19.4% in North America. As per the local government regulations, numerous companies observed temporary closure of the non-essential businesses in the first half of 2020. However, the market is expected to take a U-shape or W-shape recovery curve in the next 12 to 18 months with the gradual increase in automotive production.
Market segmentation classified on the basis of their type, application and region. By Type it has (Ferrous, Non-Ferrous, and Others). By application it consist (Automotive, Aerospace & Defense, Healthcare and Others). By region it has spread in North America, Europe, ASPAC and ROW. North America is projected to expand at a growth rate of 6.9% from 2020 to 2026. The increasing popularity of electric and hybrid vehicles has primarily decreased the demand for various sintered parts in transmissions and engines in the region.