Middle East and Africa Atomizing Metal Powder Market
Market Introduction
The MEA region includes countries such as South Africa, Saudi Arabia, UAE, and the rest of the MEA. The harsh weather conditions of the desert, lack of unskilled laborers, and high labor wages in the region act as huge hindrances in the development of the region. However, urbanization in the Middle Eastern is transforming the outlook of countries. The atomizing metal powder market in the Middle East and Africa is experiencing rapid development due to the increased adoption of the atomizing metal powder by the region's end-use industries. New investment and better marketing strategies have led to the capture of market share in the Middle East and African region. The atomizing metal powder market is highly driven by economic development, along with the growing end-use industries such as electronics, automotive, and others. As per the Department of Trade and Industry, South Africa has a diverse electronics industry that ranges from household appliances, electrical machinery, and telecommunications equipment to consumer electronics. According to Statistics South Africa, the nation produces over R90bn worth of electrotechnical equipment annually. South Africa is committed to building a competitive environment for the electronics sector. Besides, government assistance is focused on programs that promote domestic manufacturing, research, and development (R&D), and the development of safety standards to assist the electrical & electronics manufacturing industry. The atomized metal powders are widely used in the automotive sector. The applications include exhaust system components, muffler flange, valve seats and guides, mirror mounts, and fittings. The metal powders for automotive are produced to strike the maximum balance of cost and performance. These factors are predicted to boost the demand for atomizing metal powder in the MEA region.
In case of COVID-19, MEA is highly affected especially South Africa. The COVID-19 pandemic has had a severe impact on the economy of the MEA which has led to a decline in oil production, tourism, and remittances. The MEA region comprise many growing economies, which are prospective markets for atomizing metal powder vendors. The pandemic has significantly slowed down the growth of atomizing metal powder market in the region due to negative impact upon the growth of industries such as automotive, and others. The COVID-19 workforce reductions have affected many companies’ ability to efficiently operate production. Despite the Covid-19 pandemic, companies are sticking to their investment plans. For instance, m-tec powder GmbH has invested further production capacity of Aluminium powder in South Africa. The company has invested to meet the increasing demand for Aluminium powders in South Africa and other regions.
Market Overview and Dynamics
The MEA atomizing metal powder market is expected to grow from US$ 41.42 million in 2021 to US$ 49.04 million by 2028; it is estimated to grow at a CAGR of 2.4% from 2021 to 2028. Surface coating is a cost-effective way to achieve high-performance characteristics on exposed surfaces. There are diverse applications of atomized metal powders in the surface coating process. Metal powders are used for coating or layering purposes of industrial products. A wide range of pure metal powders is used for coatings for buildup repair and coatings that protect the product from high temperature and oxidation. Metal powder coating is used to render the metallic surface strong, resilient, and acquire other properties of relevance. These metal powders offer a proven cost-effective method to enhance both the performance and endurance of components in a high-wear and corrosive environment. The different types of metal powders such as nickel, cobalt, and iron are used in surface coatings. In the surface coating process, iron powder is used to deposit a layer of fine-grained particles of the metal. Iron powder is used for surface coating of objects exposed to high temperatures. Such coating is utilized to improve the resilience and wear resistance of high-speed moving parts in engineering processes, such as engine valves, steel rollers, printing rollers, and glass bottle manufacturing molds. The use of a high-quality iron coating on the surface increases the durability of the surface. The thermal surface coating can also enhance the performance of the part or assembly. Also, iron powder manufacturers offer specialty grades of materials to fit various coating techniques. The metal powder sector is expanding and seeking new market opportunities. Players operating in the market are also offering standard and custom powders that deliver the coating properties for specific application demands. In important end-use sectors, such as aerospace and oil & gas, the demand for innovative surface coating technologies is constantly expanding. Furthermore, industries are increasingly adopting atomized metal powder for surface coating since it is a cost-effective and efficient technique. Thus, the extensive use of atomizing metal powder in surface coating boosts the growth of the MEA atomizing metal powder market.
Key Market Segments
In terms of product, the atomizing iron powder segment accounted for the largest share of the MEA atomizing metal powder market in 2020. In terms of application, the coating and decorations segment held a larger market share of the MEA 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 MEA 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 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; and Sandvik AB among others.
Reasons to buy report
MEA Atomizing Metal Powder Market Segmentation
MEA Atomizing Metal Powder Market - By Product
MEA Atomizing Metal Powder Market -
By Application
MEA Atomizing Metal Powder Market - By Country
MEA Atomizing Metal Powder Market - Company Profiles
Strategic insights for the Middle East and Africa Atomizing Metal Powder provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 41.42 Million |
| Market Size by 2028 | US$ 49.04 Million |
| Global CAGR (2021 - 2028) | 2.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Atomizing Metal Powder refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Middle East and Africa Atomizing Metal Powder Market is valued at US$ 41.42 Million in 2021, it is projected to reach US$ 49.04 Million by 2028.
As per our report Middle East and Africa Atomizing Metal Powder Market, the market size is valued at US$ 41.42 Million in 2021, projecting it to reach US$ 49.04 Million by 2028. This translates to a CAGR of approximately 2.4% during the forecast period.
The Middle East and Africa Atomizing Metal Powder Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Atomizing Metal Powder Market report:
The Middle East and Africa Atomizing Metal Powder Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Atomizing Metal Powder Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Atomizing Metal Powder Market value chain can benefit from the information contained in a comprehensive market report.
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