Across the globe, there has been significant growth in the vehicle production which in turn is expected to drive the demand for the Iron Powder Market over the forecast period. In the automotive industry, iron powder is consumed for the powder metallurgy application through which several automotive parts, gears, bearing and Sintered components, among others.
Technologies like MIM which are at a nascent stage, where a metal powder is mixed with binder material to create a feedstock, this technology relies on steel powder as raw material. Steel powder and other metal powder are used to create feedstock for processes like additive manufacturing. This may help propel the Steel Powder Market to a certain extent.
Across the globe, there has been significant growth in the vehicle production which in turn is expected to drive the demand for the Iron Powder Market over the forecast period. In the automotive industry, iron powder is consumed for the powder metallurgy application through which several automotive parts, gears, bearing and Sintered components, among others.
Owing to the increasing frequency of metal powder purchase for different applications and end use industries, enriching consumer spending, increasing demand for powdered metallurgy components, the production of metal powder is also increasing globally with APEJ registering high growth for metal powder market during the forecast period. Metal powder market is creating opportunities for market participants to penetrate a high market share during the forecast period. The ... Read more
Across the globe, there has been significant growth in the vehicle production which in turn is expected to drive the demand for the Iron Powder Market over the forecast period. In the automotive industry, iron powder is consumed for the powder metallurgy application through which several automotive parts, gears, bearing and Sintered components, among others.
Technologies like MIM which are at a nascent stage, where a metal powder is mixed with binder material to create a feedstock, this technology relies on steel powder as raw material. Steel powder and other metal powder are used to create feedstock for processes like additive manufacturing. This may help propel the Steel Powder Market to a certain extent.
