Atomizing Metal Powder Market Research Report - Global Forecast till 2030

Atomizing Metal Powder Market: Information by Product (Atomizing Iron Powder, Atomizing Copper Powder), Application (Metallurgy Industry, Chemical Industry, Electronic Materials, Diamond Tools, Welding, 3D Printing) and Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) - Forecast till 2030

ID: MRFR/CnM/7049-CR | October 2019 | Region: Global | 186 pages

Atomizing Metal Powder Market

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).

Segmentation

by Product Atomizing Iron Powder Atomizing Copper Powder
Application Metallurgy Industry Chemical Industry Electronic Materials Diamond Tools Welding 3D Printing

Key Players

  • Hoganas AB (Sweden)
  • Sandvik AB (Sweden)
  • 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)
  • Pompton S.p.A. (Italy)
  • SAFINA A.S. (Czech Republic)

Drivers

  • Adoption of Powder metallurgy in the automotive industry
  • Widespread use of atomized metal powder for coating
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Atomizing Metal Powder Market-Overview:


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.


COVID-19 Analysis:


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.


Market Dynamics:



  • Drivers: The metal powder industry is developing and taking new ways to expand its market. However, two major growth drivers of atomizing metal powder are:

  • Adoption of Powder metallurgy in the automotive industry: The automotive industries have shown an increased demand for metal powder for the metallurgical process in the industry. Moreover, atomization is preferred over other processes to form a metal powder.

  • Widespread use of atomized metal powder for coating: The industries are using atomized metal powder for coating and layering purposes of additive manufacturing products as it is a more cost-effective and efficient process.

  • Restraints: Unlike growth drivers, reasons that are holding the steep growth of atomizing metal powder market are:

  • Volatile raw material Prices: The volatile material used for the process of atomization is a bit more expensive than other materials. Customizing the prices of the volatile raw material can help reduce this restraint.

  • Opportunities: As per the research report, increased demand for metal powder in the automotive, aerospace, and defense sectors will lead to lucrative growth opportunities. China from the East Asia region is grabbing this opportunity to grow its market. Further, demand for metal powder with new and advanced technology is contributing to market expansion and increased market value. End-users such as aerospace, automotive, medical, and construction are increasingly demanding metal powder that can be used to manufacture lightweight components and additive manufacturing.


Regulation Implications:


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.


Segment Overview:



  • By Material- The atomizing metal powder industry segment by the material is divided into 8 majorly used metals and those metals are- Aluminum, Copper, Iron, Molybdenum, Nickel, Stainless Steel, Tungsten and Tungsten Carbide, and others.

  • By Process- Major types of processes used to atomize the Metal are- Atomization, Solid-State Reduction, and Electrolysis.

  • By application- The metal powder finds its application in additive manufacturing, automotive, and metallurgical industries. The segmentation of market by the application are- Powder Metallurgy, especially Press & sinter, Hot Isocratic Pressing (HIP), Hard Materials, Others (Diamond Tools & Others), Metal Injection Molding (MIM), Additive Manufacturing and Others

  • By region-The segmentation of market by region is done in five segments namely North America, South America, East Asia, South Asia, Middle- East, and Africa.

  • By end-use product- by End-use of the atomizing metal powder, the segments are- Automotive, Aerospace & Defense, Medical, Building & Construction, and Other.


Regional Analysis:


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:



  • North America

  • South America

  • South Asia

  • East Asia

  • Middle-East and Africa.


Competitive Landscape:


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:



  • 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) and others.


Recent Development:


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.


Report Overview:


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. 



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2028: USD 5,594.9 Million
  • 2030 : Significant value
  •   CAGR   6.91% (2022-2030)
      Base Year   2021
      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

  • Adoption of Powder metallurgy in the automotive industry.
  • Widespread use of atomized metal powder for coating


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    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.