The global metal powder market had revenues of around US$4.3 billion in 2017, and could expand at a CAGR of 3.0% from 2018 to 2028, according to a new report by analysts Persistence Market Research.

The revenue increase is based on automotive production in developed and developing economies, especially a focus on lightweight material and additive manufacturing (AM), particularly in the South Asia market. The market is reportedly estimated to create incremental opportunities worth US$1,555 million. 

This story uses material from Persistence, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.