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The Atomizing Metal Powder Market report provides a basic overview of the market including definitions, classifications, applications and industry chain structure. The Atomizing Metal Powder Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status.
The atomizing metal powder market was valued at US$ 919.26 million in 2021 and is projected to reach US$ 1,400.67 million by 2028; it is expected to grow at a CAGR of 6.2% from 2021 to 2028.
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Metal powders can be manufactured using various processes such as atomization, chemical synthesis, electrolysis, and solid-state reduction. Out of these processes, atomization is a dominant method to produce metal and pre-alloyed powders, such as iron, Aluminium, copper, steel, bronze, and tin. The technique uses high pressure fluid jets to disperse molten metal stream into fine droplets, which then solidifies into fine particles.
Leading Atomizing Metal Powder Market Players: Höganäs AB,JFE GROUP,Sandvik AB,GKN Sinter Metals Engineering GmbH,Advanced Technology & Materials Co., Ltd,KOBE STEEL, LTD.,Kymera International,Makin Metal Powders (UK) Ltd,MITSUI MINING & SMELTING CO., LTD.,Pometon S.p.A.,m-tec powder GmbH.
The ongoing COVID-19 pandemic has drastically altered the status of the chemicals & materials sector and negatively impacted the growth of the atomizing metal powder market. The implementation of measures to combat the spread of the virus has aggravated the situation and has impacted the growth of several sectors. Industries, such as automotive, and electronics, have been hampered by the sudden distortion in operational efficiencies and disruptions in the value chains due to the sudden closure of national and international boundaries. The significant decline in the growth of the several industrial sectors reduced the demand for atomizing metal powder in the global market.
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The automobile industry is evolving due to the emerging new methods for vehicle components manufacturing. Conventional ways for producing vehicle parts are being reassessed due to the rising focus on e-mobility. The industry is adopting the changes to meet changing social needs, enhance vehicle performance, and reduce costs, in other words, to gain an edge in a competitive space. Many automakers address global issues, such as fuel consumption, carbon dioxide emissions, and energy diversification.
The automotive industry is one of the most significant end-users of metal powders. There are three primary areas of application of metal powders in the industry, which comprise sintering, soldering, and additive manufacturing. Innovations in material development and pressing technique are directly responsible for expanding powder metal components in automobiles.
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Atomizing Metal Powder Market, by Product
Atomizing Metal Powder Market, by Application
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