ID: MRFR/CnM/7049-CR | October 2019 | Region: Global | 186 pages
Atomizing Metal Powder Market is projected to be worth USD 5,594.9 million by 2028, registering a CAGR of 6.91% during the forecast period (2021 - 2028).
Atomization is the formation of metal powder of the sprayed material when sprayed upon the molten state of a metal. As the name suggests, it is the breakdown of material at the atomic level and conversion of its structure into an amorphous structure which is commonly done by atomization, chemical electrolysis, solid-state reduction, etc. Most of the industries prefer the atomization process to do so and common types of atomization performed are gas and water atomization. Metal powder is used in several metallurgy processes performed at the commercial level. Powder metallurgy is considered a green and sustainable technique to produce finished products in the automotive industry.
With the increased use of metal powder by automotive industries, a good increase in demand is also expected by the next few years. The application of atomizing metal powder includes windshield wipers, connecting rods, valves, fuel injection components, actuators, heaters, gear parts, lightning systems, brake systems, window lifter, sensors, battery, transmission, and shock absorber parts. All together, metal powder is used for coating or layering purposes of an industrial product. And the widespread use of atomizing techniques has contributed to the benefit and growth of the atomizing metal powder market.
The year 2020 has been hard for different businesses and industries in different ways. The outbreak of the deadly virus has led world-class industries to face a time of downfall and loss due to many reasons. There is a downfall in the world economy due to the COVID-19 period. The situations aren’t any better but different markets and companies have come up with new market strategies to cope up with the situation.
The Atomizing Metal powder market depends on the growth and development in metallurgy and automotive industries. However, the atomizing metal powder market is expected to grow by a CAGR of 6.91% over the next five years challenging the situation and the pandemic.
Regulation implications of atomizing metal powder are the research information about the law and regulations laid in manufacturing, use, and application of metal powder which are numerous. Checking the applications and use of metal powder, the Metal Powder Industries Federation created the MPIF standard and guidelines for the use of metal powder in various applications. Determining the amorphous state of a metal, it is more reactive or self-reactive, sensitive to the environment, flammable, and susceptible to release when not handled carefully. Therefore, important guidelines of use and regulations were to be made. The atomization process used to make metal powder uses additional chemicals which again are subjected to regulations and legal guidelines.
The global atomizing metal powder market is viewed and analyzed on the distribution of five different regions in regional analysis. North America has recorded as the holder of the largest share of atomizing metal powder market in 2018. This share was owned by the automotive industries based in the USA and additive manufacturing companies have also contributed to this. However, a change in the scenario is expected to be reported by the next 5 years. The Asia- Pacific region held a small share in 2018 but it is expected to show the growth by highest compound annual growth rate by 2016 and become the global leading region of atomizing metal powder market. The five regions are:
In the atomizing metal powder market, the major types of strategies adopted are inorganic growth and organic growth strategies. Organic growth strategies involve a focus on product launch, product approval, and all other end-product-related events and management. On the other hand, inorganic growth strategies involve working on collaboration, expansion, investments, market acquisitions, and other management events related to market expansion and growth. Most of the companies prefer organic growth strategies. Increased use of atomization in metallurgy processes and industries has increased the demand for atomizing metal powder and hence benefiting the atomizing metal powder industry value. The key players and major companies of the market are:
Of all industries, automotive industries and companies are growing and developing to reach a new era of machinery and mechanical services. Also, developments and growth is noticed in metallurgy industries from the data of recent years. In conclusion, deployments and growth reported by these industries are directly benefiting the growth of atomizing metal powder industries as most of the application of metal powder and atomization is seen in these two industries. Apart from dependency, Investments and collaboration of companies help develop the technique of atomization and aid research of the materials and technology used. All these developments can be scanned by looking at the growth rate and value of the atomization metal powder market.
Atomizing Metal Powder Market report gives a detailed description of market growth, trends, development, and key players of its market. The report discussed market dynamics that included growth drivers, restraints, opportunities, and challenges that the market might be facing. Further, it also gives a segment analysis of the market which describes the market by segments. Regional analysis of the market is also mentioned in the report content to understand the leading region of the atomizing metal powder market and the region with the highest growth, demand, and consumption.
The atomizing metal powder market is projected to grow with a CAGR rate of 6.91%% over the next 5 years and the atomizing metal powder industry or market value is expected to touch USD 5,594.9 million by 2028.
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material, Process, Application and End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Hoganas AB (Sweden), Sandvik AB (Sweden), Hangzhou Yitong New Material Co. Ltd (China), Kobe Steel Ltd (Japan), JFE Steel Corporation (Japan), Kymera International, Makin Metal Powders (UK) Ltd (UK), GKN Sinter Metals Engineering GmbH (US), Mitsui Mining & Smelting Co. Ltd(Japan), Laiwu Feilong Powder Metallurgy Co. Ltd (China), Pompton S.p.A. (Italy), SAFINA A.S. (Czech Republic)|
|Key Market Opportunities||Increased demand for metal powder in the automotive, aerospace, and defense sectors will lead to lucrative growth opportunities.|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
atomizing metal powder market is projected to grow at approximately 6.91% CAGR during the assessment period (2020-2028).
atomizing metal powder market is estimated to reach a valuation of approx. USD 5,594.9 million by 2028.
The metallurgy industry is the largest application segment in the global atomizing metal powder market.
North America holds the largest share in the global atomizing metal powder market, followed by Europe and the Asia Pacific, respectively.
Sandvik AB (Sweden), Kobe Steel Ltd (Japan), Kymera International (US), Höganäs AB (Sweden), Hangzhou Yitong New Material Co., Ltd (China), GKN Sinter Metals Engineering GmbH (US), Makin Metal Powders (UK) Ltd. (UK), JFE Steel Corporation (Japan), SAFINA A S (Czech Republic), Mitsui Mining & Smelting Co., Ltd(Japan), Pompton S.p.A. (Italy), and Laiwu Feilong Powder Metallurgy Co. Ltd (China), are some of the top players operating in the global Atomizing metal powder market.