Chrome Metal Powder Market Trends, Growth Opportunities, Future Demand and Forecast 2032
The global Chrome Metal Powder Market size was USD 599.75 Million in 2022 and is expected to reach USD 1013.27 Million in 2032, and register a revenue CAGR of 6% during the forecast period. The market revenue growth is driven by factors such as rising demand for chrome metal powder in various end-use industries such as aerospace, automotive, and construction. Chrome metal powder is widely used in these industries owing to its unique properties such as high melting point, excellent resistance to wear, and high tensile strength. In addition, the demand for chrome metal powder in the production of High-Performance Alloys is expected to drive market revenue growth during the forecast period.
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Major Companies:
- Hoganas AB
- GKN Sinter Metals
- Vishay Intertechnology
- Metalysis
- Gravita India Limited
- Mechanical Alloying Company (MAC)
- Sigma-Aldrich Co. LLC.
- American Elements
- Materials Technology AB
- ExOne GmbH
Strategic Development:
- In 2021, GKN Sinter Metals announced the acquisition of an automotive supplier, Sternotec Ltd., to strengthen its position in the global automotive industry.
- In 2020, Hoganas AB launched a new portfolio of chrome metal powders that are designed for use in advanced 3D printing applications. The powders are optimized for printing high-strength, corrosion-resistant parts in the aerospace, automotive, and medical industries.
- In 2020, Vishay Intertechnology announced the acquisition of KEMET Corporation, a manufacturer of electronic components, to expand its product offerings and strengthen its position in the global electronics market.
- In 2020, Metalysis announced a new partnership with TWI Ltd., a UK-based engineering research and development company, to develop new metal powders for use in additive manufacturing and other industrial applications.
Key questions addressed in the report:
- What is the expected market size of the global Chrome Metal Powder market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Chrome Metal Powder market?
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Chrome Metal Powder Market Segmentation:
By Production Process Outlook:
- Electrolysis
- Aluminothermic Reduction
- Others
By Application Outlook:
- Aerospace
- Automotive
- Chemicals
- Construction
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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