Coating and Decorations Segment to Dominate Europe Atomizing Metal Powder Market During 2021–2028       

According to a new market research study on “Europe Atomizing Metal Powder Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product and Application” is expected to reach US$ 159.36 million by 2028 from US$ 115.66 million in 2021. The market is estimated to grow at a CAGR of 4.7% from 2021 to 2028. The report provides trends prevailing in the Europe atomizing metal powder market along with the drivers and restraints pertaining to the market growth. Immense use of atomizing metal powder in surface coating process and increasing use of powder metallurgy in automotive industry are the major factor driving the growth of the Europe atomizing metal powder market. However, changes in prices of raw material hinders the growth of Europe atomizing metal powder market.

In case of COVID-19, Europe is highly affected specially France and Russia. The region is estimated to suffer an economic hit due to the lack of revenue from various industries subjected to disruption in the supply chain. As of October 6, 2021, the total number of confirmed cases in Europe are 71,084,302. The massive outbreak of the pandemic has created a temporary distortion in operation efficiencies of industrial bases in the European market. The market for atomizing metal powder has been negatively impacted due to limited operational capabilities due to COVID-19 restrictions. The COVID-19 pandemic has forced many atomizing metals powder manufacturers to cut output due to a shortage of raw materials. However, the various industries are resuming their operations, including the automotive industry. The increasing usage of automobile vehicles, in turn, will create demand for atomizing metal powders in transport and logistics. Rising demand for atomizing metal powder across diverse industrial applications is expected to substantially promote the demand for atomizing metal powder in the regional market.

The Europe atomizing metal powder market is segmented based on product, application, and country. Based on product, the market is segmented into atomizing iron powder, atomizing copper powder, atomizing steel powder, atomizing aluminium powder, and others. The atomizing iron powder segment dominated the market in 2020 and atomizing aluminium powder segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into metallurgy, coating and decorations, electronic materials, sintered parts, diamond cutting tools, additive manufacturing, and others. The coating and decorations segment dominated the market in 2020 and additive manufacturing segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into the UK, Germany, France, Italy, Russia, and rest of Europe. 

GKN Sinter Metals Engineering GmbH; Höganäs AB; JFE GROUP; KOBE STEEL, LTD.; Kymera International; Makin Metal Powders (UK) Ltd; MITSUI MINING & SMELTING CO., LTD.; m-tec powder GmbH; Pometon S.p.A.; and Sandvik AB are among the leading companies in the Europe atomizing metal powder market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Kobe Steel, Ltd. announced to invest around 1.8 billion yen to enhance the production capacity of its Steel Powder Plant in Takasago, Hyogo Prefecture in western Japan. The manufacturing capacity of steel powder products will rise to 110,000 metric tons per year, from the current 96,000 metric tons per year.       

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