Atomizing Metal Powder Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

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Atomizing Metal Powder Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : March, 2023 | Metals and Minerals

Report Digest

Atomizing Metal Powder Market – Overview

The atomizing metal powder market has been estimated to grow at a noteworthy speed throughout the forecast period. The growth prospects in the global market are attributed to the increasing growth in the automotive industries that use metal powder at a significant rate. Further, atomizing metal powder is used in gear parts, heaters, actuators, fuel injection components, valves, connecting rods, and windshield wipers which are likely to fuel growth avenues in the market.

Shock absorber parts, transmission, battery, sensors, window lifters, brake systems, and lighting systems are some other vital applications of atomizing metal powder. It is also used for layering or coating purposes of the industrial product. Thus, based on these factors, the global market has been predicted to expand at a noteworthy pace in the coming years.

atomizing metal powder market

Atomizing Metal Powder Market – Key Drivers

The atomizing metal powder market is growing with its increasing use in the process of metallurgical in the automotive industry. Various industries are also using atomizing metal powder for layering and coating purposes of additive manufacturing products due to its cost-effectiveness.

On the flip side, the volatile materials that are used for the atomization process are a bit expensive compared to other materials that are likely to curtail the growth avenues in the global market in the coming years. But, customization of the prices is helpful to reduce these obstacles to market growth.

Growing demand for the metal powder in different industries, such as defense, aerospace, and automotive is likely to create novel sales opportunities in the global market throughout the forecast period.

Furthermore, rising demand from the end-users, for instance, construction, medical, automotive, and aerospace is also predicted to drive growth avenues in the market.

Atomizing Metal Powder Market – Recent Developments and Key Players

The atomizing metal powder market is nearly fragmented while considering numerous aspects. The market can also be characterized due to the presence of several industry players at the regional as well as international levels. Furthermore, these players are concentrating on certain strategies in order to achieve their desired subjects. Penetration in the global market and increasing consumer awareness of the brand are also some noteworthy points that are considered by these market players. The other significant trends in the global market include increased R & D activities to enhance existing technologies, mergers or tie-up, product portfolio expansion, and novel product launches. Along with these initiatives, the players from the market are putting efforts to enhance their services to make a wider reach to their consumers.

Some of the key players in the atomizing metal powder market are:

  • Hoganas AB
  • Sandvik AB
  • Pompton S.p.A.
  • Kobe Steel Ltd.
  • Mitsui Mining & Smelting Co. Ltd.
  • JFE Steel Corporation
  • Makin Metal Powders Ltd.
  • Kymera International

Atomizing Metal Powder Market – Regional Assessment

The atomizing metal powder market has been analyzed based on five regional areas that include North America, the Middle East & Africa, East Asia, South Asia, and South America. Out of these areas, North America is likely to hold the largest share in the global market owing to rapid growth in the automotive industry. In addition to this, additive manufacturing companies are also contributing to the growth avenues in the region.

The Asia Pacific region is also estimated to hold a noticeable share in the global market in the forthcoming years. The growth impetuses in the regional market are attributed to the rapidly growing automotive industry. In addition to this, increasing expenditure in the R & D activities for product development has also been projected to drive the growth avenues in the atomizing metal powder market in the upcoming years.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?