In terms of revenue, global atomizing metal powder market in 2018 stood at USD XX million and is expected to reach USD XX million by 2026 growing at a CAGR of 6.60% from 2019 to 2026.
Some of the global major players operating in the atomizing metal powder market include: GKN Sinter Metals Engineering GmbH, Höganäs AB, CNPC Powder Group Co., Ltd., Pometon, KOBE STEEL, LTD (kobelco), JFE Steel Corporation, Sandvik AB, Royal Metal Powders and Others.
Drivers for the Global Atomizing Metal Powder Market:
According to current situation, rising demand for lightweight and high strength components, the demand for advanced surface coating technologies, increasing adaptation of additive manufacturing and rising demand for lightweight component in the automotive sector as well as the growing adaptation of additive manufacturing in healthcare and aerospace industries are the key drivers for the growth of the global atomizing metal powder market.
Opportunities for the Global Atomizing Metal Powder Market:
Generally, this market has large opportunities in aerospace and defense industries. This market also finds its applications in 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.
Restrains for the Global Atomizing Metal Powder Market:
The fluctuations in the prices of iron ore, the major raw material is expected to be the key factor hampering the market growth.
Region Wise, Global Atomizing Metal Powder Market Analysis:
Region wise, global atomizing metal powder market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global atomizing metal powder market share due to the expanding automotive industry in the emerging economies of China and India, as well as established market in Japan.
The regional production of powder metallurgy parts has witnessed a positive trend during the past three years, which is expected to continue on account of growth in the regional manufacturing segment. China is the major consumer while India is the fastest growing country in the regional market. Asia pacific region is followed by the South America and Europe.
Global Atomizing Metal Powder Market: Product analysis
- Atomizing Iron Powder
- Atomizing Copper Powder
Global Atomizing Metal Powder Market: Application analysis
- Metallurgy Industry
- Chemical Industry
- Electronic Materials
- Diamond Tools
Global Atomizing Metal Powder Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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