Metal powder market valued at US$4,062.2M by 2020

The Metal Powder Market is observed to be matured in developing economies such as Europe and North America. The reason behind this is the high disposable income. The Asia-Pacific region formed the fastest-growing market for metal powder and is projected to grow at the highest CAGR of 5.01% during the forecast period. North America accounted for the largest market, with a share of 40.4% in 2014. The global Market for Metal Powder is projected to grow at a CAGR of 3.80% from 2015 to 2020, to reach USD 4,062.2 Million by 2020.

 

The development of economies plays an essential role in increasing the demand for metal powder in the global market. The key parameter that determines the growth of the Metal Powder Market in developing economies is the increase in consumption. The growing GDP (PPP) in emerging markets such as China, India, and Brazil is estimated to drive the demand for metal powder.