Global Production Volume Of Metal Powder Products Rises Up From 1532 K MT In 2012 To 2013 K MT In 2016
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First, as for the global metal powder industry, the industry structure is relatively stable. The top three manufacturers have 30.92% revenue market share in 2016. The Sweden giant Hoganas, which has 13.92% market share in 2016, is the leader in the metal powder industry. The manufacturers following Hoganas are Alcoa and Vale, which respectively has 11.25% and 5.75% market share globally.
Second, the global production volume of metal powder products rises up from 1532 k MT in 2012 to 2013 k MT in 2016, with an average annual growth rate of 7%. At the same time, the revenue of world metal powder sales market has a rising from 5378 million dollars to 6454 million dollars from 2012 to 2016. The reason causes this increase is the rising demand for the metal powder products, which is the result of the spurring needs of downstream customers.
Third, the downstream industries of metal powder products are automotive, consumer goods, and machinery. In the recent years, with the rising demand of automotive, the enlargement of personal spending and development of electronic technology, the consumption increase of metal powder will be obvious. There is a huge potential need for the metal powder and its downstream products. In the foreseeable future, the metal powder products will show an optimistic upward trend.
Finally, although sales of metal powder products bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter into the metal powder field hastily.