What is the Projected CAGR value of the Metal Powder Market?
Metal Powder Market is expected to grow at a CAGR of 5% during the forecasting period 2023-2030.
Who are the key players in Metal Powder Market?
Key players are Sandvik AB, Praxair Surface Technologies Inc., AMG Advanced Metallurgical Group, Rio Tinto Plc, Aubert & Duval, American Axle & Manufacturing, Inc., Carpenter Powered Products, Royal Metal Powders, Australian Metal Powders Supplies Pty Ltd., CNPC Powder Group Co., Ltd., Showa Denko Materials.
Which region is expected to dominate the metal powder market?
The Asia Pacific region currently holds the largest market share and is expected to maintain its lead due to the booming automotive and construction sectors in countries like China and India.
What are the key challenges facing the metal powder market?
The high cost of metal powders and their limitations in terms of ductility and fire safety pose challenges to market growth. However, ongoing research and development efforts are addressing these concerns.