Global Atomizing Metal Powder Market Valued at USD 2.74 Mn in 2018 and Projected to Surpass USD 4.29 Mn by 2026, Witnessing A CAGR of 6.60% Between 2019 and 2026
Pune, Maharashtra, March 20, 2020 (Wired Release) – ReportsnReports – Proficient Market announces the release of the report “Global Atomizing Metal Powder Market by Product Type (Atomizing Iron Powder, Atomizing Copper Powder and Others) and by End-Users/Application (Metallurgy Industry, Chemical Industry, Electronic Materials, Diamond Tools and Other) Global Market Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2015 – 2027” to its research database. This Atomizing Metal Powder Market report analyzes the comprehensive overview of the market comprising an executive summary that covers core trends evolving in the market.
In terms of revenue, global atomizing metal powder market in 2018 stood at USD 2,747.83 million and is expected to reach USD 4,298.34 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.
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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: 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.
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Global Atomizing Metal Powder Market: Product analysis
Atomizing Iron Powder
Atomizing Copper Powder
On the basis of type, Atomizing Iron Powder accounted for largest share of total revenue generated. Because, the comfortable and flexible features of the lightweight components.
Global Atomizing Metal Powder Market: Application analysis
The demand of global atomizing metal powder market is highest from Metallurgy Industry, due to cost efficient, less energy consumer, automated and easy to handle.
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Global Atomizing Metal Powder Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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