Published on : Sep 24, 2019
ResearchMoz.us, in its ever-expanding library of market research reports, has recently added a report on the global metal powder market. The competitive landscape of the metal powder market is moderately consolidated with the presence of several prominent players.
The giant players altogether dominate the metal powder market with about 70% of market share. Some of the prominent players operating in the metal powder market are STERIS plc., 3M Company, Cantel Medical Corporation, Belimed AG, MMM Group, and Matachana Group.
These players are focusing on several organic and inorganic strategies to strengthen their foothold in the global metal powder market.
On the basis of region, North America is expected to dominate the global metal powder market. This is mainly because of the increasing demands for metal powder from several end user industries such as transportation & logistics, construction, and electrical & electron. The metal powder market in Asia Pacific is projected to grow at a significant pace due to the rapid growing industrialization in the region.
The metal powder market is segregated into ferrous and non –ferrous based on type. Among all them ferrous segment is projected to lead owing to increasing demand from end users.
Metal Power Market Set to Grow Owing to Increasing Demands from Automobile Sector
The metal powder market is likely to register a remarkable growth in the coming few years. This is mainly due to the factors such as growing awareness regarding the adverse impact of metal on environment. Metal power has lower hazardous impact on nature as compared to metals. Growing innovation in production and manufacturing technologies is another factor expected to fuel the growth of the global metal powder market.
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In addition to this, rapid development in world economy is another factor projected to play an essential role in the growth of the metal power market. This is mainly because consumer affordability plays a vital role in the growth of value-added & sustainable products.