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Atomizing Metal Powder Market is projected to register a healthy CAGR of 6.91% to reach a market value of over USD 4,100 Million by the end of 2026

Press release   •   Jan 16, 2020 06:13 EST

​Global 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 2026

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Market Analysis

Atomizing Metal Powder Market is projected to register a healthy CAGR of 6.91% to reach a market value of over USD 4,100 Million by the end of 2026. Metal powders are metal particles with size less than 1,680 micrometers and have a high surface area to mass ratio. They are generally produced by four main processes, namely atomization, chemical, electrolysis, and solid-state reduction. Atomization is the most commonly used production method for metal powders. The process generally consists of three stages, namely melting, dispersion of the melt into droplets, and solidification and cooling. The two major types of atomization used for metal powder production are gas and liquid atomization. The metallurgy industry is the largest consumer of atomized metal powders, wherein these powders are widely used in various powder metallurgy processes. Powder metallurgy (PM) is recognized as a green and sustainable manufacturing technology to produce finished components in the automotive industry. The snowballing use of PM over the traditional processes (such as machining, casting, and extrusion) is mainly attributed to the substantial cost savings, high dimensional accuracy, good part-to-part reproducibility, minimal post-processing, dimensional freedom, and compositional complexity obtainable using the PM process. With the growing automotive industry and growing use of powder metallurgy in the automotive industry, the demand for atomized metal powders is expected to increase substantially in the coming years. The protuberant factors favouring the global market growth are increasing demand for powder metallurgy in the automotive industry and diverse applications served by atomized metal powders in the surface coating process. 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. Moreover, the demand for advanced surface coating technologies is constantly increasing in major end-use industries such as aerospace, steel, oil & gas, and power. Atomized metal powders are majorly used in the metallurgy industry in the manufacturing of various products and coating applications. The automotive industry recently is facing a challenge of procuring components that are light in weight, exhibit high durability and reliability, and offer superior performance to produce comfortable and safe vehicles at a low cost. PM is a green and energy-saving process, offering improved performance and greater design flexibility and helps to achieve the changing needs and demand from existing and potential customers of automobile manufacturers while maintaining higher value than competing material technologies. The application areas include 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. Thus, the growing automotive industry and increasing demand for atomized metal powders in the powder metallurgy processes for manufacturing lightweight automobile components are expected to be the major factors driving the global market growth. However, the fluctuations in the prices of iron ore, the major raw material, is expected to be the key factor hampering the market growth. Nevertheless, the robust demand for atomized metal powders in 3D printing applications is assumed to be a major aspect providing a thrust to the market growth in the years to follow.


Market Segmentation

Based on type, the Global Atomizing Metal Powder Market has been segmented into atomizing iron powder, atomizing copper powder, and others. Among these, the atomizing iron powder segment prevailed as the leading type segment with a market share of around 65% in the year 2018. The atomized iron powder is used in an array of applications including friction materials and products (brake pads, drum brake lining); sintered parts, products, and components; and brazing and welding services. By application, the global atomizing metal powder market has been divided into the metallurgy industry, chemical industry, electronic materials, diamond tools, welding, 3D printing, and others. Among these segments, the metallurgy industry segment held the largest market share of over 34% in the year 2018 owing to the widespread use of atomized metal powders in the manufacturing of complex and high strength components for automobiles, aircraft, and consumer goods.

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Regional Analysis

The Global Atomizing Metal Powder Market has been studied with respect to five key regions, namely North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The North American market accounted for the largest share of the global market in 2018 owing to the wide base of the automotive industry in the US and the presence of automotive OEMs in the region. In addition, the expanding market for additive manufacturing in the US is further expected to support the demand for atomizing metal powder in the region over the next decade. The Asia-Pacific market held a relatively smaller share of the global market in 2018; however, is projected to register the highest CAGR during the forecast period. This is mainly attributed to the expanding automotive industry in the emerging economies of China and India, as well as in the established market in Japan. These country-level markets are expected to witness high investments in the aviation sector, for instance, the Indian aviation sector is likely to witness investment of around USD 15 Billion during 2018-2022. This, in turn, is expected to fuel the demand for atomizing metal powders during the forecast period.

Major Players

The Prominent Players in the Global Atomizing Metal Powder Market are 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), and SAFINA a.s. (Czech Republic), among others.

Table of Content

Atomizing Metal Powder Market Size, Share, Price, Growth Trends, Competitive Analysis and Report

1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 20

1.1.1 GLOBAL ATOMIZING METAL POWDER MARKET, BY TYPE 20

1.1.2 GLOBAL ATOMIZING METAL POWDER MARKET, BY APPLICATION 21

1.1.3 GLOBAL ATOMIZING METAL POWDER MARKET, BY REGION 22

2 Market Introduction
2.1 DEFINITION 23

2.2 SCOPE OF THE STUDY 23

2.3 MARKET STRUCTURE 24

3 Research Methodology
3.1 RESEARCH PROCESS 25

3.2 PRIMARY RESEARCH 26

3.3 SECONDARY RESEARCH 26

3.4 MARKET SIZE ESTIMATION 27

3.5 FORECAST MODEL 29

3.6 LIST OF ASSUMPTIONS 30

4 MARKET INSIGHTS
5 MARKET DYNAMICS
5.1 INTRODUCTION 34

5.2 DRIVERS 35

5.2.1 INCREASING ADOPTION OF POWDER METALLURGY IN THE AUTOMOTIVE INDUSTRY 35

5.2.2 WIDESPREAD USE OF ATOMIZED METAL POWDERS IN SURFACE COATING PROCESS 37

5.2.3 DRIVERS IMPACT ANALYSIS 39

5.3 RESTRAINTS 39

5.3.1 VOLATILE PRICE OF RAW MATERIALS 39

5.3.2 RESTRAINTS IMPACT ANALYSIS 41

5.4 OPPORTUNITIES 41

5.4.1 ROBUST DEMAND FOR ATOMIZED METAL POWDERS IN ADDITIVE MANUFACTURING (3D PRINTING APPLICATIONS) 41

6 MARKET FACTOR ANALYSIS
6.1 SUPPLY CHAIN ANALYSIS 44

6.1.1 RAW MATERIALS SUPPLIERS 45

6.1.2 ATOMIZING METAL POWDER MANUFACTURERS 48

6.1.3 REGULATORY SCENARIO 50

6.1.4 LOGISTIC SCENARIO 51

6.1.5 DISTRIBUTION CHANNEL & SALES CHANNEL 51

6.1.6 APPLICATIONS 52

6.2 PORTER’S FIVE FORCES MODEL 56

6.2.1 THREAT OF NEW ENTRANTS 57

6.2.2 INTENSITY OF COMPETITIVE RIVALRY 57

6.2.3 THREAT OF SUBSTITUTES 57

6.2.4 BARGAINING POWER OF SUPPLIERS 57

6.2.5 BARGAINING POWER OF BUYERS 58

6.3 ATOMIZING EQUIPMENT OVERVIEW 58

6.3.1 PRICE PER UNIT 58

6.3.2 TECHNOLOGY DESCRIPTION 58

6.3.3 LIST OF ATOMIZING EQUIPMENT PRODUCERS BY MAJOR COUNTRIES 59

6.4 PRODUCTION CHAIN ANALYSIS 61

6.4.1 METAL POWDER ATOMIZATION 61

6.4.2 METAL INJECTION MOLDING (MIM) 62

6.4.3 HOT ISOSTATIC PRESSING (HIP) 63

7 GLOBAL ATOMIZING METAL POWDER MARKET, BY TYPE
7.1 OVERVIEW 65

7.1.1 ATOMIZING METAL POWDER: MARKET ESTIMATES & FORECAST BY TYPE, 2014–2026 66

7.2 ATOMIZING COPPER POWDER 67

7.2.1 ATOMIZING COPPER POWDER: MARKET ESTIMATES & FORECAST BY REGION, 2014–2026 67

7.3 ATOMIZING IRON POWDER 68

7.3.1 ATOMIZING IRON POWDER: MARKET ESTIMATES & FORECAST BY REGION,2014–2026 68

7.4 OTHERS 69

7.4.1 OTHERS: MARKET ESTIMATES & FORECAST BY REGION,2014–2026 69

8 GLOBAL ATOMIZING METAL POWDER MARKET, BY APPLICATION
8.1 OVERVIEW 71

8.1.1 ATOMIZING METAL POWDER: MARKET ESTIMATES & FORECAST BY APPLICATION, 2014–2026 72

8.2 METALLURGY INDUSTRY 74

8.2.1 ATOMIZING METAL POWDER: MARKET ESTIMATES & FORECAST IN METALLURGY INDUSTRY, 2014–2026 74

8.3 CHEMICAL INDUSTRY 75

8.3.1 ATOMIZING METAL POWDER: MARKET ESTIMATES & FORECAST IN CHEMICAL INDUSTRY, 2014–2026 76

8.4 ELECTRONIC MATERIALS 77

8.4.1 ATOMIZING METAL POWDER: MARKET ESTIMATES & FORECAST IN ELECTRONIC MATERIALS, 2014–2026 77

8.5 DIAMOND TOOLS 78

8.5.1 ATOMIZING METAL POWDER: MARKET ESTIMATES & FORECAST IN DIAMOND TOOLS, 2014–2026 79

8.6 WELDING 80

8.6.1 ATOMIZING METAL POWDER: MARKET ESTIMATES & FORECAST IN WELDING, 2014–2026 80

8.7 3D PRINTING 81

8.7.1 ATOMIZING METAL POWDER: MARKET ESTIMATES & FORECAST IN 3D PRINTING, 2014–2026 81

8.8 OTHERS 82

8.8.1 ATOMIZING METAL POWDER: MARKET ESTIMATES & FORECAST IN OTHER APPLICATIONS, 2014–2026 82

9 GLOBAL ATOMIZING METAL POWDER MARKET, BY REGION
9.1 OVERVIEW 84

9.2 NORTH AMERICA 87

9.2.1 US 90

9.2.2 CANADA 92

9.3 EUROPE 94

9.3.1 RUSSIA 97

9.3.2 GERMANY 99

9.3.3 UK 101

9.3.4 FRANCE 103

9.3.5 SPAIN 105

9.3.6 ITALY 107

9.3.7 REST OF EUROPE 109

9.4 ASIA-PACIFIC 112

9.4.1 CHINA 115

9.4.2 JAPAN 117

9.4.3 INDIA 119

9.4.4 SOUTH KOREA 121

9.4.5 REST OF ASIA-PACIFIC 123

9.5 MIDDLE EAST & AFRICA 126

9.5.1 SOUTH AFRICA 129

9.5.2 GCC COUNTRIES 131

9.5.3 REST OF MEA 133

9.6 LATIN AMERICA 136

9.6.1 BRAZIL 139

9.6.2 MEXICO 141

9.6.3 ARGENTINA 143

9.6.4 REST OF LATIN AMERICA 145

10 COMPETITIVE LANDSCAPE
10.1 COMPETITIVE OVERVIEW 147

10.2 COMPETITIVE DYNAMICS 147

10.3 GLOBAL MARKET STRATEGY ANALYSIS 148

10.4 KEY DEVELOPMENTS 149

10.5 PRODUCTION CAPACITY ANALYSIS, BY MANUFACTURER (2018) 150

11 COMPANY PROFILES
11.1 HÖGANÄS AB 151

11.1.1 COMPANY OVERVIEW 151

11.1.2 FINANCIAL OVERVIEW 151

11.1.3 PRODUCT OFFERINGS 151

11.1.4 KEY DEVELOPMENTS 152

11.1.5 SWOT ANALYSIS 152

11.1.6 KEY STRATEGIES 153

11.2 KOBE STEEL, LTD 154

11.2.1 COMPANY OVERVIEW 154

11.2.2 FINANCIAL OVERVIEW 154

11.2.3 PRODUCT OFFERINGS 155

11.2.4 KEY DEVELOPMENTS 155

11.2.5 SWOT ANALYSIS 156

11.2.6 KEY STRATEGIES 156

11.3 JFE STEEL CORPORATION 157

11.3.1 COMPANY OVERVIEW 157

11.3.2 FINANCIAL OVERVIEW 157

11.3.3 PRODUCT OFFERINGS 158

11.3.4 KEY DEVELOPMENTS 158

11.3.5 SWOT ANALYSIS 159

11.3.6 KEY STRATEGIES 159

11.4 SANDVIK AB 160

11.4.1 COMPANY OVERVIEW 160

11.4.2 FINANCIAL OVERVIEW 160

11.4.3 PRODUCT OFFERINGS 161

11.4.4 KEY DEVELOPMENTS 161

11.4.5 SWOT ANALYSIS 162

11.4.6 KEY STRATEGIES 162

11.5 MITSUI MINING & SMELTING CO., LTD 163

11.5.1 COMPANY OVERVIEW 163

11.5.2 FINANCIAL OVERVIEW 163

11.5.3 PRODUCT OFFERINGS 164

11.5.4 KEY DEVELOPMENTS 164

11.5.5 SWOT ANALYSIS 165

11.5.6 KEY STRATEGIES 165

11.6 KYMERA INTERNATIONAL 166

11.6.1 COMPANY OVERVIEW 166

11.6.2 FINANCIAL OVERVIEW 166

11.6.3 PRODUCT OFFERINGS 166

11.6.4 KEY DEVELOPMENTS 168

11.6.5 SWOT ANALYSIS 168

11.6.6 KEY STRATEGIES 168

11.7 MAKIN METAL POWDERS (UK) LTD 169

11.7.1 COMPANY OVERVIEW 169

11.7.2 FINANCIAL OVERVIEW 169

11.7.3 PRODUCT OFFERINGS 169

11.7.4 KEY DEVELOPMENTS 171

11.7.5 SWOT ANALYSIS 171

11.7.6 KEY STRATEGIES 172

11.8 LAIWU FEILONG POWDER METALLURGY CO., LTD 173

11.8.1 COMPANY OVERVIEW 173

11.8.2 FINANCIAL OVERVIEW 173

11.8.3 PRODUCT OFFERINGS 173

11.8.4 KEY DEVELOPMENTS 173

11.8.5 SWOT ANALYSIS 174

11.8.6 KEY STRATEGIES 174

11.9 GKN SINTER METALS ENGINEERING GMBH 175

11.9.1 COMPANY OVERVIEW 175

11.9.2 FINANCIAL OVERVIEW 175

11.9.3 PRODUCT OFFERINGS 175

11.9.4 KEY DEVELOPMENTS 176

11.9.5 SWOT ANALYSIS 177

11.9.6 KEY STRATEGIES 177

11.10 HANGZHOU YITONG NEW MATERIAL CO., LTD 178

11.10.1 COMPANY OVERVIEW 178

11.10.2 FINANCIAL OVERVIEW 178

11.10.3 PRODUCT OFFERINGS 178

11.10.4 KEY DEVELOPMENTS 179

11.10.5 SWOT ANALYSIS 180

11.10.6 KEY STRATEGIES 180

11.11 POMETON S.P.A. 181

11.11.1 COMPANY OVERVIEW 181

11.11.2 FINANCIAL OVERVIEW 181

11.11.3 PRODUCT OFFERINGS 182

11.11.4 KEY DEVELOPMENTS 182

11.11.5 SWOT ANALYSIS 183

11.11.6 KEY STRATEGIES 183

11.12 SAFINA, A.S. 184

11.12.1 COMPANY OVERVIEW 184

11.12.2 FINANCIAL OVERVIEW 184

11.12.3 PRODUCT OFFERINGS 184

11.12.4 KEY DEVELOPMENTS 185

11.12.5 SWOT ANALYSIS 185

11.12.6 KEY STRATEGIES 185

12 APPENDIX
12.1 REFERENCES 186

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