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US Metal Powders Market
US Metal Powders Market
- Report price : $ 4 600
- Publication date : November 2008
US Metal Powders Market
US demand to grow 1.7% annually through 2012
US demand for metal powders (including flakes and pastes) will grow 1.7 percent annually to 1.2 billion pounds in 2012. New applications for many types of metal powders, including iron and steel, stainless steel, aluminum and tungsten, will support increases. In some instances -- such as the spread of powdered metal parts in motor vehicles -- these applications represent an ongoing evolution. However, completely new applications and revolutionary products like nanoscale metal powders will also support growth in demand.
In value terms, demand for metal powders will fall slightly to $3.5 billion in 2012, primarily due to expected declines in the price of many metal powders off of elevated 2007 levels. Prices for a number of metals, including steel, aluminum, precious metals, copper and nickel, rose sharply beginning in 2004 due to production bottlenecks and a sharp increase in demand worldwide. Since prices for many metal powders are dependent upon the prices for the metals themselves, these spikes led to significant price increases for a number of metal powders as well. Through 2012, many of the bottlenecks will be eliminated, and this will help drive prices back toward more normal levels.
Iron and steel powders to remain dominant
Iron and steel, aluminum and zinc powders represent the vast majority of metal powder volume demand, combining for 85 percent of the total in 2007. Iron and steel powders alone represent more than 60 percent of the total volume; however, because of their low price compared to other metal powders, they account for only about one-fifth of total metal powder demand by value. Demand for iron and steel powders is heavily concentrated in component pro-duction, particularly for motor vehicles. On the other hand, the two major markets for aluminum powders and flakes are chemicals -- where they are used as catalysts, reducing agents and fillers -- and paint and coatings, for use as pigments.
Most demand for the costliest metal powders -- tantalum and precious metals -- comes from the computer, electronic components, and electrical and electronic equipment markets, for products such as film pastes and capacitor anodes. Because of their high cost, these powders represent a fairly large share of the metal powder market in value terms, despite their small volumes. For instance, the precious metal powders, with a total volume of just 1.5 million pounds, accounted for just under one-fourth of value demand in 2007.
Study coverage
This new industry study, Metal Powders, presents historical demand data (1997, 2002 and 2007) plus forecasts for 2012 and 2017 by product, market and application. The study also considers market environment factors, evaluates company market share and profiles leading competitors.
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