Metal Powder Market (Type: Iron & Steel, Aluminum, Copper, Nickel, and Others; and Application: Automotive, Electrical &
Metal Powder u2013 Enabling New & Improved Components Humans have been making materials and things from metal powders for a long time. However, itu2019s only in the last century that the powder metal manufacturing industry has really emerged. In the last three decades, the rate of change has significantly increased - just like the world outside powder metallurgy. A plethora of components that would not have even been possible a few years back are now being made with high standards using a variety of metal powders. With rapid technological advancements complementing the use of metal powders in a large number of products, such as rocket fuels, paint pigments, printing inks, and many others, opportunities in metal powder market continue to multiply at an unprecedented pace. This falls in line with the growing awareness about the role of metal powders as base materials for producing metallic components through the powder metallurgy route or the emerging field of additive manufacturing. Gauging the high adoption momentum and opportunistic value of metal powder, Transparency Market Research (TMR), in its latest business intelligence, analyzes how technologically-advanced ways of producing metal powders are paving the way for high-purity solutions, thereby, shaping the growth of the metal powder market. Metal Powder Market - Historical Development & Futuristic Outlook Metal powder is a holy grail for any product; however, it took decades for it to garner traction as a key brick for building essential metal-based components that hold massive industrial value. By the 1920s, manufacturers started leveraging metal powders to make versatile and potent tools and self-lubricating bearings. Years later, the list of metal powder products witnessed expansion, with German engineers making metal powder-based firearm components. It was only after World War II that powder metallurgy witnessed major growth and diffusion across the industrialized world. The traction for automobiles grew vividly, and so too did the production of sintered metal parts based on metal powders. Since then, the market for metal powder didnu2019t look back, and garnered increased traction with every passing year, as the TMR analysis indicates an upward trajectory for this industry. The TMR analysis indicates that, the growing adoption of metal powders for manufacturing desired metallic compositions and components armed the market to account for a revenue worth ~ US$ 6.8 Bn in 2018.
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