Metal Powder Market Forecasted to Expand at 4.4% CAGR, Crossing USD 12.1 billion by 2031 | In-Depth Analysis by Transparency Market Research, Inc. [Yahoo! Finance]
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Source: Yahoo! Finance
Wilmington, Delaware, United States, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - Metal powder market worth US$ 7.8 billion in 2021. A CAGR of 4.4% is expected between 2022 and 2031. In 2031, the global market for metal powder is expected to reach US$ 12.1 billion . The metal powder market is expected to benefit from rapid advances in additive manufacturing technologies, such as 3D printing. Increasingly sophisticated AM processes and lower costs will increase demand for metal powders in automotive, aerospace, healthcare, and other industries. Metal powder manufacturers can produce complex and customized metal components by reducing waste and improving efficiency. New and advanced metal powders will likely be created due to ongoing research and development in metallurgy and materials science. Materials like these could be used in high-performance industries, including aerospace and defense, increasing their strength, durability, and heat resistance. Dow
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