Atomizing Metal Powder Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
Atomizing Metal Powder Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
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 – 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
- SAFINA A.S
- 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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- Industrial Analogy
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