Asia Pacific Atomizing Metal Powder Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Atomizing Iron Powder, Atomizing Copper Powder, Atomizing Steel Powder, Atomizing Aluminium Powder, and Others) and Application (Metallurgy, Coating and Decorations, Electronic Materials, Sintered Parts, Diamond Cutting Tools, Additive Manufacturing, and Others)
Market Introduction
The atomizing metal powder market in APAC comprises several economies such as China, India, Japan, South Korea, Australia, and Rest of APAC. These countries are witnessing an upsurge due to growth in urbanization, increasing manufacturing industries coupled with growing industrialization which offers ample opportunities for key market players in the atomizing metal powder market. The APAC region encompasses an ample number of opportunities for the growth of atomizing metal powder. Rising foreign direct investments also lead to economic growth in the region. The growing number of atomizing metal powders uses in numerous applications including metallurgy, coating & decorations, electronic materials, sintered parts, diamond cutting tools, and others is anticipated to increase the atomizing metal powder demand in the APAC region. Furthermore, the increasing projects in the field of electrification coupled with the growth of the electronics industry in the APAC provide lucrative opportunities for the growth of the atomizing metal powder market. According to The Association of Southeast Asian Nations (ASEAN), the electronics industry accounts for 20 percent to 50 percent of the total value of exports of most countries in Asia. Malaysia has grown to become a primary global production hub with various electronic manufacturing services companies. Malaysia’s electronic and electric industry in recent years has grown to over 1,695 companies with a total investment of nearly US$ 35.5 billion and a workforce of over 600,000 people. Moreover, the rising automotive sales in the APAC (APAC) countries, including India and China, has been one of the most encouraging growth factors for the atomizing metal powder market in recent years.
In case of COVID-19, APAC is highly affected specially India. The governments of various APAC economies are taking possible steps to restrict the spread of the virus by announcing country-wide lockdown, which has a direct impact upon the growth of industrial sectors. This may impact the demand for atomizing metal powders. The various end-use sectors such as sintered parts, powder metallurgy, additive manufacturing, etc. have been hit hard by the pandemic, creating an impact on the consumption of atomizing metal powders in the region. The automotive industry is one of the major end-users of metal powders. China leads the automotive industry both in terms of production and consumption. In the automotive industry, consumer demand has declined dramatically. Moreover, the closure of manufacturing plants has declined the sales of metal powders. The growth of atomizing metal powder market has been severely affected by dwindling sales of vehicles amid the COVID-19 pandemic. The pandemic has also caused fluctuations in the prices of raw materials. However, as the logistics industry is resuming its operations, the production of metal powders in the region is increasing gradually. The growing electronics industry will further fuel the adoption of metal powders in post-pandemic times. The market is expected to witness an increase in investment by players to tap the prevailing opportunities as well as cater to expanding demand for atomizing metal powder in post-pandemic times.
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Market Overview and Dynamics
The APAC atomizing metal powder market is expected to grow from US$ 619.83 million in 2021 to US$ 1,010.25 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028. The automobile industry is evolving due to the emerging new methods for vehicle components manufacturing. Conventional ways for producing vehicle parts are being reassessed due to the rising focus on e-mobility. The industry is adopting the changes to meet changing social needs, enhance vehicle performance, and reduce costs, in other words, to gain an edge in a competitive space. Many automakers address major issues, such as fuel consumption, carbon dioxide emissions, and energy diversification. The automotive industry is one of the most significant end-users of metal powders. There are three primary areas of application of metal powders in the industry, which comprise sintering, soldering, and additive manufacturing. Innovations in material development and pressing technique are directly responsible for expanding powder metal components in automobiles. Powder metallurgy has made a significant contribution to the technology used in automotive manufacturing. Powder metallurgy is a well-established green manufacturing technology to produce net-shape components. The ability to produce materials at a higher density and strength, the capability of producing increasingly complex parts, and the cost-effective manufacturing of auto components are a few advantages of powder metallurgy in the production of automotive parts. The potential to employ powder metallurgy to mass-produce reliable precision parts consistently at a low cost is highly appealing to the automotive sector. Moreover, environmental concerns are growing in the automotive industry. Technologies for reducing fuel consumption, such as lightweight technology and engine downsizing for environmentally friendly vehicles, have been rapidly developed. Powder metallurgy offers the ability to reduce part weight by adding lightning holes that reduce the part weight and lower overall material cost. Metal powder is widely used in the automotive industry as it helps reduce component weight by almost 50%. As light-weighting becomes vital to automotive manufacturers, the ability to customize material becomes advantageous. Metal powder manufacturers are benefiting from the growing demand for light-weighting metal parts in the automotive industry, which propels demand for atomizing metal powders across the APAC region.
Key Market Segments
In terms of product, the atomizing iron powder segment accounted for the largest share of the APAC atomizing metal powder market in 2020. In terms of application, the coating and decorations segment held a larger market share of the APAC atomizing metal powder market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the APAC atomizing metal powder market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Advanced Technology & Materials Co., Ltd; 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 among others.
Reasons to buy report
- To understand the APAC atomizing metal powder market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC atomizing metal powder market
- Efficiently plan M&A and partnership deals in APAC atomizing metal powder market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC atomizing metal powder market
- Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.
APAC Atomizing Metal Powder Market Segmentation
APAC Atomizing Metal Powder Market - By Product
APAC Atomizing Metal Powder Market - By Application
- Metallurgy
- Coating and Decorations
- Electronic Materials
- Sintered Parts
- Diamond Cutting Tools
- Additive Manufacturing
- Others
APAC Atomizing Metal Powder Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Atomizing Metal Powder Market - Company Profiles
- Advanced Technology & Materials Co., Ltd
- 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.
- Sandvik AB
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. APAC Atomizing Metal Powder Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. APAC Atomizing Metal Powder Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Escalation in the Use of Powder Metallurgy in the Automotive Industry
5.1.2 Upsurge in the Use of Atomizing Metal Powder in Surface Coating Process
5.2 Market Restraints
5.2.1 Fluctuations in Prices of Raw Material
5.3 Market Opportunities
5.3.1 Burgeoning Additive Manufacturing-specific Metal Powder Atomization
5.4 Future Trends
5.4.1 Growing Importance of Standard and Customized Powders
5.5 Impact Analysis
6. Atomizing Metal Powder Market– APAC Analysis
6.1 APAC Atomizing Metal Powder Market Overview
6.2 APAC Atomizing Metal Powder Market –Revenue and Forecast To 2028 (US$ Million)
7. APAC Atomizing Metal Powder Market Analysis – By Product
7.1 Overview
7.2 APAC Atomizing Metal Powder Market, By Product (2020 and 2028)
7.3 Atomizing Iron Powder
7.3.1 Overview
7.3.2 Atomizing Iron Powder: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Atomizing Copper Powder
7.4.1 Overview
7.4.2 Atomizing Copper Powder: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Atomizing Steel Powder
7.5.1 Overview
7.5.2 Atomizing Steel Powder: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Atomizing Aluminium Powder
7.6.1 Overview
7.6.2 Atomizing Aluminium Powder: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Atomizing Metal Powder Market Analysis – By Application
8.1 Overview
8.2 APAC Atomizing Metal Powder Market, By Application (2020 and 2028)
8.3 Metallurgy
8.3.1 Overview
8.3.2 Metallurgy: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Coating and Decorations
8.4.1 Overview
8.4.2 Coating and Decorations: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Electronic Materials
8.5.1 Overview
8.5.2 Electronic Materials: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Sintered Parts
8.6.1 Overview
8.6.2 Sintered Parts: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Diamond Cutting Tools
8.7.1 Overview
8.7.2 Diamond Cutting Tools: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Additive Manufacturing
8.8.1 Overview
8.8.2 Additive Manufacturing: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Atomizing Metal Powder Market – Country Analysis
9.1 Overview
9.1.1 APAC: Atomizing Metal Powder Market, by Key Country
9.1.1.1 Australia: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Atomizing Metal Powder Market, by Product
9.1.1.1.2 Australia: Atomizing Metal Powder Market, by Application
9.1.1.2 China: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Atomizing Metal Powder Market, by Product
9.1.1.2.2 China: Atomizing Metal Powder Market, by Application
9.1.1.3 Japan: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Japan: Atomizing Metal Powder Market, by Product
9.1.1.3.2 Japan: Atomizing Metal Powder Market, by Application
9.1.1.4 India: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 India: Atomizing Metal Powder Market, by Product
9.1.1.4.2 India: Atomizing Metal Powder Market, by Application
9.1.1.5 South Korea: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Atomizing Metal Powder Market, by Product
9.1.1.5.2 South Korea: Atomizing Metal Powder Market, by Application
9.1.1.6 Rest of APAC: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of APAC: Atomizing Metal Powder Market, by Product
9.1.1.6.2 Rest of APAC: Atomizing Metal Powder Market, by Application
10. Impact of COVID-19 Pandemic on APAC Atomizing Metal Powder Market
10.1 APAC: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Mergers & acquisition
11.3 Expansion
12. Company Profiles
12.1 GKN Sinter Metals Engineering GmbH
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Höganäs AB
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Advanced Technology & Materials Co., Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 JFE GROUP
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 KOBE STEEL, LTD.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Kymera International
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Makin Metal Powders (UK) Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 MITSUI MINING & SMELTING CO., LTD.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Pometon S.p.A.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Sandvik AB
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 m-tec powder GmbH
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. APAC Atomizing Metal Powder Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. Australia Atomizing Metal Powder Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Atomizing Metal Powder Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. China Atomizing Metal Powder Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 5. China Atomizing Metal Powder Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Japan Atomizing Metal Powder Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 7. Japan Atomizing Metal Powder Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. India Atomizing Metal Powder Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 9. India Atomizing Metal Powder Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea Atomizing Metal Powder Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea Atomizing Metal Powder Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of APAC Atomizing Metal Powder Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of APAC Atomizing Metal Powder Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms
LIST OF FIGURES
Figure 1. APAC Atomizing Metal Powder Market Segmentation
Figure 2. APAC Atomizing Metal Powder Market Segmentation – By Country
Figure 3. APAC Atomizing Metal Powder Market Overview
Figure 4. Atomizing Iron Powder Segment Held Largest Share of the Market in 2020
Figure 5. China Held Largest Share of the Market in 2020
Figure 6. Porter’s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Ecosystem: APAC Atomizing Metal Powder Market
Figure 9. APAC Atomizing Metal powder Market: Impact Analysis of Drivers and Restraints
Figure 10. APAC: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 11. APAC Atomizing Metal Powder Market Revenue Share, By Product (2020 and 2028)
Figure 12. APAC Atomizing Iron Powder: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. APAC Atomizing Copper Powder: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. APAC Atomizing Steel Powder: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. APAC Atomizing Aluminium Powder: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. APAC Others: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. APAC Atomizing Metal Powder Market Revenue Share, By Application (2020 and 2028)
Figure 18. APAC Metallurgy: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. APAC Coating and Decorations: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. APAC Electronic Materials: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. APAC Sintered Parts: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. APAC Diamond Cutting Tools: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. APAC Additive Manufacturing: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. APAC Others: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. APAC: Atomizing Metal Powder Market Revenue Overview, by Country (2020) (US$ Mn)
Figure 26. APAC: Atomizing Metal Powder Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. Australia: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. China: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. India: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. South Korea: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of APAC: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in APAC
- Advanced Technology & Materials Co., Ltd
- 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.
- Sandvik AB
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