Global Atomizing Metal Powder Market was valued USD xx Bn in 2019 and is expected to reach USD xx Bn by 2027 at a CAGR of xx% over the forecast period 2020-2027.
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The report covers an in-depth analysis of COVID 19 pandemic impact on Global Atomizing Metal Powder Market by region and on the key players’ revenue affected till April 2020 and expected short term and long-term impact on the market.
Global Atomizing Metal Powder Market Dynamics
Atomizing metal powder is a powder produced by the dispersion of molten material into particles by a rapidly moving gas or liquid stream or by mechanical dispersion. Simple metal atomization powder techniques are available in which liquid metal is forced through an orifice at a sufficiently high velocity to ensure turbulent flow. Molten-metal injection into ambient gas can increase atomization efficiency, produce finer grains, and narrow the particle size distribution. Various factors such as increasing demand for powder metallurgy in the automotive industry, growing demand of atomized metal powders in the metallurgy industry, rising use of powder metallurgy in the automotive industry are driving the market growth over the forecast period. An increasing R&D spending, technological advancements, and a significant rise in automotive & aerospace production capacities are expected to create lucrative opportunities over the forecast period.
However, factors such as fluctuations in the prices of iron ore and stringent government regulations are restraining the market growth over the forecast period.
Global Atomizing Metal Powder Market is segmented by production method, by product, by application, and by Region. By production method, the liquid metal atomisation production method held 45.76% of market share in 2019 and is expected to keep its dominance over the forecast period. Liquid atomized particles are smaller, cleaner, and nonporous and have a greater breadth of size, which allows better compacting. The particles produced through this method are normally of spherical or pear shape. Liquid atomization is less expensive than the other methods, but its limitations are powder purity, particle shape, and surface oxygen content. The Liquid production method is followed by the plasma production method. The Plasma production method is expected to hold xx% of market share over the forecast period. In the plasma production method, a pre-alloyed wire is heated with plasma torches and melts into droplets that cool rapidly into highly spherical powder, maintaining levels of interstitials such as O and N below ASTM standard levels. The main drawback of this process is the requirement for wire feedstock, an expensive material that offers little price advantage with scaling.
By application, the metallurgy application segment is expected to hold xx% of market share over the forecast period. Atomized metal powders are majorly used in the metallurgy industry in the manufacturing of various products and coating applications. The Metallurgy application segment is followed by the automotive application segment. The growth of the automotive industry coupled with the rising demand for lightweight and high strength components is expected to boost the application of atomized metal powders in automobile components including engine and chassis.
By geography, North America dominated the global market in 2019 and is expected to keep its dominance over the forecast period owing to the wide base of the automotive and metallurgical industry in the US and the presence of the large numbers automotive OEMs in the region. North America is followed by APAC and Europe. APAC is expected to hold xx% of market share over the forecast period owing to the expansion of the automotive industry in the emerging economies of China and India, as well as in the established market in Japan. Europe is expected to hold xx% of market share over the forecast period. Increasing growth of the automotive industry coupled with the rising demand for lightweight and high strength components is expected to boost the application of atomized metal powders in automobile components including engine and chassis. Moreover, the demand for advanced surface coating technologies is constantly increasing in this region from major end-use industries such as aerospace, steel, oil & gas, and power.
Report covers in-depth analysis of key development, marketing strategies, supply-side, and demand-side indicators. Key players are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches, and patent to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Atomizing Metal Powder Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Atomizing Metal Powder Market dynamics, structure by analyzing the market segments and project Global Atomizing Metal Powder Market. Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Atomizing Metal Powder Market make the report investor’s guide.
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Global Atomizing Metal Powder Market by the production method
• Gas Atomization
• Liquid Atomization
• Plasma Atomization
Global Atomizing Metal Powder Market by Product
• Atomizing Iron Powder
• Atomizing Copper Powder
Global Atomizing Metal Powder Market by Application
• Metallurgy Industry
• Chemical Industry
• Electronic Materials
• Diamond Tools
• Automotive Industry
• 3D Printing
Global Atomizing Metal Powder Market by Region
• North America
• South America
• Middle East & Africa
Global Atomizing Metal Powder Market Major Players
• Höganäs AB (Sweden)
• Sandvik AB (Sweden)
• Hangzhou Yitong New Material Co., Ltd (China)
• Kobe Steel Ltd (Japan)
• JFE Steel Corporation (Japan)
• Kymera International (US)
• 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)
This Report Is Submitted By : Maximize Market Research Company
Maximize Market Research:
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