Alloy steel powder falls under powder metallurgy which is widely used in the manufacturing and automotive industry because of its efficiency, consistency, and component strengthening properties moreover, it also provides superior resistance to corrosion. A commercial US car contains approximately 15kg of powder metallurgy automotive parts, aircraft engine is composed of 700-2000kg powder metallurgy parts and gears, cams, sprockets, cutting tools, piston rings, connecting rods and many other household goods are produced by powder metallurgy technique.This growth is primarily driven by Rising Demand for Metalworking from Manufacturing Industry and Increasing Demand for Alloy Steel Powder in Automotive Industry for its Efficient, Consistent and Stong Effects on Components.
Globally, a noticeable market trend is evident Increasing Use of Alloy Steel Powder in 3D Printing and Prototyping. Major Vendors, such as Daido Steel Co. Ltd. (Japan), Sandvik AB (Sweden), Hoganas AB (Sweden), Sanyo Special Steel Co. Ltd (Japan), CRS Holdings Inc. (United States), AMETEK Inc. (United States), Mitsubishi Steel Mfg. Co. Ltd. (Japan), Erasteel (France) and Advanced Powder Products, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Rising Demand for Metalworking from Manufacturing Industry
- Increasing Demand for Alloy Steel Powder in Automotive Industry for its Efficient, Consistent and Stong Effects on Components
- Increasing Use of Alloy Steel Powder in 3D Printing and Prototyping
- Stringent regulatory Guidelines Regarding the Use of Alloy Steel Powder
- Environmental Effects of Alloy Steel Powder
Emerging Production Technology and Surgical Electrical Industry will Boost the Alloy Steel Powder Market
The Threat of New Entrants in the Market
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