The metal powder market in the Asia-Pacific region is projected to grow at the highest CAGR from 2015 to 2020, in terms of both volume and value. The rising middle-class population of the Asia-Pacific region, high disposable incomes, and the demand from emerging end-use segments are driving the growth of the metal powder market.
According to the Population Reference Bureau, China, India, and other Asia-Pacific countries have a combined population exceeding four billion people (as in 2014). This rise in population is an important driver for the metal powder market. The increase in income among the middle-class population in emerging markets such as China and India is also a key factor which is expected to drive the demand for metal powder. Along with the increase in income, the purchasing power would also increase, which would drive the demand for the new, innovative, and sustainable products.
To know about the assumptions considered for the study, DOWNLOAD PDF BROCHURE
Industrialization has accelerated urbanization in China through the migration of rural populations to urban areas and the development of towns into cities. As a result of steady economic growth, there has been a continued increase in disposable incomes which has contributed to the growth of the metal powder market demand in China. Moreover, the country’s large population and its increasing demand for innovative and sustainable products have compelled the metal powder industry to innovate and manufacture value-added products to cater to varied end-use industries. This has, in turn, provided a wide range of opportunities to players in the metal powder market.
The rest of the Asia-Pacific region witnessed strong growth trends in 2012, despite the weak export demand due to the EU crisis. The GDP growth of these countries has been supported by domestic demand, with rising disposable income and rapid growth in investments due to the continued trade liberalization initiatives amongst ASEAN members and through a growing network of free trade agreements with other Asia-Pacific countries. The opening of new markets for metal powder products due to globalization has led to the increase in the demand for metal powder. Factors such as increasing demand, increasing income, urbanization, trade liberalization, sustainable production processes, and value-added products have been driving the demand for metal powder in this region.
The main Drivers for metal powder market:
The market for metal powder is driven by the growing demand from end-user industries such as transportation & logistics, industrial, construction, and electrical & electronics, and technological advancements. High disposable income has also increased the demand for metal powder. Most importantly, the changing consumer preference has triggered the usage of value-added products in day-to-day life.
Opportunities
According to the Population Reference Bureau, China, India, and other Asia-Pacific countries have a combined population exceeding four billion people (as in 2014). This rise in population is an important driver for the metal powder market. The increase in income among the middle-class population in emerging markets such as China and India is also a key factor which is expected to drive the demand for metal powder. Along with the increase in income, the purchasing power would also increase, which would drive the demand for the new, innovative, and sustainable products.
To know about the assumptions considered for the study, DOWNLOAD PDF BROCHURE
Industrialization has accelerated urbanization in China through the migration of rural populations to urban areas and the development of towns into cities. As a result of steady economic growth, there has been a continued increase in disposable incomes which has contributed to the growth of the metal powder market demand in China. Moreover, the country’s large population and its increasing demand for innovative and sustainable products have compelled the metal powder industry to innovate and manufacture value-added products to cater to varied end-use industries. This has, in turn, provided a wide range of opportunities to players in the metal powder market.
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| Metal Powder (Source: Google Images) |
The rest of the Asia-Pacific region witnessed strong growth trends in 2012, despite the weak export demand due to the EU crisis. The GDP growth of these countries has been supported by domestic demand, with rising disposable income and rapid growth in investments due to the continued trade liberalization initiatives amongst ASEAN members and through a growing network of free trade agreements with other Asia-Pacific countries. The opening of new markets for metal powder products due to globalization has led to the increase in the demand for metal powder. Factors such as increasing demand, increasing income, urbanization, trade liberalization, sustainable production processes, and value-added products have been driving the demand for metal powder in this region.
The main Drivers for metal powder market:
- Growing Demand From End-User Industry
- Technological Advancements in Metal Powder Industry
The market for metal powder is driven by the growing demand from end-user industries such as transportation & logistics, industrial, construction, and electrical & electronics, and technological advancements. High disposable income has also increased the demand for metal powder. Most importantly, the changing consumer preference has triggered the usage of value-added products in day-to-day life.
Opportunities
- Growing Demand for Metal Powder in Additive Manufacturing
- Powder Metallurgy Being Recognized as Green Technology
- Demand for Metal Powder in Emerging Economies
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