Atomizing Iron Powder Segment to Dominate SAM Atomizing Metal Powder Market During 2021-2028

According to a new market research study on “SAM Atomizing Metal Powder Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product and Application” is expected to reach US$ 50.02 million by 2028 from US$ 40.23 million in 2021. The market is estimated to grow at a CAGR of 3.2% from 2021 to 2028. The report provides trends prevailing in the SAM atomizing metal powder market along with the drivers and restraints pertaining to the market growth. Increasing use of powder metallurgy in the automotive industry and extensive use of atomizing metal powder in surface coating process are the major factor driving the growth of the SAM atomizing metal powder market. However, fluctuations in prices of raw material hinders the growth of SAM atomizing metal powder market.       

The ongoing pandemic has drastically altered the status of the chemical and 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 industrial sectors. Industries such as automotive, electronics, etc. have been impacted by the sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international boundaries. The significant decline in the growth of the several industrial sectors significantly impacted the demand for atomizing metal powder across SAM region.

The SAM 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 Brazil, Argentina, and rest of SAM.      

GKN Sinter Metals Engineering GmbH; Höganäs AB; JFE GROUP; KOBE STEEL, LTD.; Kymera International; Makin Metal Powders (UK) Ltd; MITSUI MINING & SMELTING CO., LTD.; and Sandvik AB are among the leading companies in the SAM 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. 

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com