Atomizing Metal Powder Market Scope
Metal powder produce by four main procedure namely solid-state reduction, atomization, electrolysis and chemical but atomization is most commonly used method. Atomizing Metal Powder is product form by scattering of molten material into particles by rapid moving gas or liquid stream or by mechanical dispersion. This procedure is applicable to all the metals which can melted such as iron, copper, alloy steel, brass, bronze, among others and low melting point metals such as aluminum. Tin, lead, zinc, and cadmium. There are four types of procedure in atomization of metal powder namely gas atomization, air atomization, inert gas atomization, vacuum inert gas atomization. Owing to increasing demand for atomization metal powder in new powder metallurgy technology, Atomizing metal powder market is expected to grow at a significant rate during the forecast period.
|Unit||Value (USD Million)|
|Key Companies Profiled||Sandvik Ab (Sweden), Rio Tinto Metal Powders (Canada), Carpenter Powder Products (Us), Advanced Technology & Materials Co. Ltd (China), Gkn Powder Metallurgy Engineering Gmbh (Us), Jfe Chemical Corporation (Japan), Kobe Steel Ltd (Japan), Kymera International (United States), Hoganos Ab (Sweden) and Pometon Powder (Italy)|
Atomizing Metal Powder Market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Sandvik Ab (Sweden), Rio Tinto Metal Powders (Canada), Carpenter Powder Products (Us), Advanced Technology & Materials Co. Ltd (China), Gkn Powder Metallurgy Engineering Gmbh (Us), Jfe Chemical Corporation (Japan), Kobe Steel Ltd (Japan), Kymera International (United States), Hoganos Ab (Sweden) and Pometon Powder (Italy) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Atomizing Metal Powder market by Type , by Application (Metallurgy Industry, Chemicals Industry, Diamond Tool Industry, 3D Printing Industry and Others) and Region with country level break-up.
On the basis of geography, the market of Atomizing Metal Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn April 2022, Metal Technology Co. Ltd acquired Sandvik powder solutions. Metal technology is leading metal processing company from Japan and Sandvik powder solution is a powder metallurgy business provider, manufactures and sells metal powders. This acquisition help metal technology to expand its presence in market.
In May 2021, Rio launched new steel powder for 3D-printing. RTFT developed a range of additional powder grades with advanced property to meet customer needs. This launch help Rio to expand its market presence in atomizing metal powder.
Influencing Trend:Increasing Demand Customize Atomizing Metal Powder
Market Growth Drivers:Increasing Demand for Atomization Metal Powder in New Powder Metallurgy Technology, Growing Demand for Atomization Metal Powder to Improve Wear Resistance and Strength through Heat Treating Process and Increasing Demand of Atomization Metal Powder in Automotive Industry
Challenges:Complex Shape of Parts
Restraints:Fluctuation of Raw Material
Opportunities:Increasing Technical Advancement in Atomizing Metal Powder
Key Target AudienceAtomized Iron Powder Manufacturers, Raw Material Suppliers, Distributors, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others