North America Atomizing Metal Powder Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Atomizing Iron APowder, 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 North American region consists of developed economies, including the U.S. and Canada, as well as Mexico, as a developing nation. In this region, the United States is a major market for atomizing metal powder, followed by Canada and Mexico. The atomizing metal powder market in the region is anticipated to be driven by the rising demand from end-use sectors and technological advancements. Besides, the growth of economy plays a vital role in bolstering the demand for atomizing metal powder in the North American market. The growing demand for powder metallurgy-produced components is also expected to drive the growth of the atomizing metal powder market. Also, the rising demand for atomizing metal powder from various end-use industries, especially the automotive, electronics, aerospace & defense sector is further predicted to drive the market growth. For instance, Kymera International offers air atomized copper powder which finds applications such as friction for brake pads in automobiles, bi-metallic bearings for automotive, brazing, porous metal filtration, PM parts, thermal spray coatings, synthetic industrial diamond manufacturing, and others. Growing use of powder metallurgy in the automotive industry and rising use of atomizing metal powder in surface coating process are the major factor driving the growth of the North America atomizing metal powder market.
North America, especially the US, has been severely affected by the COVID-19 pandemic. The significant disruption in manufacturing, along with raw material sourcing, has had a negative impact on the demand for atomizing metal powder in the region. The market for atomizing metal powder has been impacted in the region due to distortion in the supply of raw materials and limited operational efficiencies. This has negatively impacted various industries especially, the powder metallurgy industry, as the automotive industry, the primary consumer of powder metallurgy parts, came to a standstill. The powder metallurgy industry in North America has experienced a decline in the production and sales of metal powders, equipment, and parts. Most of the iron powder shipped in the region is used for engine and light trucks parts. However, the market is reviving on account of the government's significant measures, such as vaccination drives. With the state of economic recovery, several industrial sectors are strategically planning to invest in advanced products to maximize revenue. The companies providing equipment for sintering and brazing have experienced a surge in demand for standardized equipment as more mid-sized companies recover from pandemic-related disruptions. Many players are resuming pre-COVID investment plans as businesses gain confidence in stabilizing economies and anticipate increased demand. This is expected to provide the impetus for market growth.
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Market Overview and Dynamics
The North America atomizing metal powder market is expected to grow from US$ 102.12 million in 2021 to US$ 131.99 million by 2028; it is estimated to grow at a CAGR of 3.7% from 2021 to 2028. Additive manufacturing is one of the most important application fields of atomizing metal powders. Currently, many start-up companies are focusing on metal powder production and alloy development for additive manufacturing. These companies are making efforts to fundraise, innovate, and redefine the industry status quo. The start-ups have a unique value proposition and a sophisticated approach to value chain positioning. A few start-ups are focusing on additive manufacturing-processable alloy development to expand the limited options in additive manufacturing. Start-ups are stronger indicators for developing technological trends and recognizing tomorrow’s mainstream market prospect in quickly rising technology industries, such as additive manufacturing. Players operating in the market are focusing on additive manufacturing-specific metal powders. Sandvik AB is increasing its focus on materials for additive manufacturing, especially nickel-based alloys. The company delivers very low oxygen and nitrogen powders ideal for the energy sectors, which provides exceptionally high mechanical properties for hot isostatic pressing and additive manufacturing. Sandvik AB has also invested in additive manufacturing, including a research and development team working on different metal powders. The company is trying to develop unique types of products, especially additive manufacturing. Thus, increasing additive manufacturing-specific metal powder atomization, coupled with the growing efforts from the market players, offers lucrative growth opportunities for the growth of the North America atomizing metal powder market.
Key Market Segments
In terms of product, the atomizing iron powder segment accounted for the largest share of the North America atomizing metal powder market in 2020. In terms of application, the coating and decorations segment held a larger market share of the North America 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 North America 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.; and Sandvik AB among others.
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- To understand the North America atomizing metal powder market landscape and identify market segments that are most likely to guarantee a strong return
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North America Atomizing Metal Powder Market Segmentation
North America Atomizing Metal Powder Market - By Product
- Atomizing Iron Powder
- Atomizing Copper Powder
- Atomizing Steel Powder
- Atomizing Aluminium Powder
- Others
North America Atomizing Metal Powder Market - By Application
- Metallurgy
- Coating and Decorations
- Electronic Materials
- Sintered Parts
- Diamond Cutting Tools
- Additive Manufacturing
- Others
North America Atomizing Metal Powder Market - By Country
- US
- Canada
- Mexico
North America Atomizing Metal Powder Market - Company Profiles
- GKN Sinter Metals Engineering GmbH
- Höganäs AB
- JFE GROUP
- KOBE STEEL, LTD.
- Kymera International
- Makin Metal Powders (UK) Ltd
- MITSUI MINING & SMELTING CO., LTD.
- 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. North America 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. North America Atomizing Metal Powder Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Use of Powder Metallurgy in the Automotive Industry
5.1.2 Rising Use of Atomizing Metal Powder in Surface Coating Process
5.2 Market Restraints
5.2.1 Variation in Prices of Raw Material
5.3 Market Opportunities
5.3.1 Increasing Additive Manufacturing-specific Metal Powder Atomization
5.4 Future Trends
5.4.1 Rise in the Use of Standard and Customized Powders for Specific Applications
5.5 Impact Analysis
6. Atomizing Metal Powder Market – North America Analysis
6.1 North America Atomizing Metal Powder Market Overview
6.2 North America Atomizing Metal Powder Market –Revenue and Forecast To 2028 (US$ Million)
7. North America Atomizing Metal Powder Market Analysis – By Product
7.1 Overview
7.2 North America 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. North America Atomizing Metal Powder Market Analysis – By Application
8.1 Overview
8.2 North America 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. North America Atomizing Metal Powder Market – Country Analysis
9.1 Overview
9.1.1 North America: Atomizing Metal Powder Market, by Key Country
9.1.1.1 US: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Atomizing Metal Powder Market, by Product
9.1.1.1.2 US: Atomizing Metal Powder Market, by Application
9.1.1.2 Canada: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Atomizing Metal Powder Market, by Product
9.1.1.2.2 Canada: Atomizing Metal Powder Market, by Application
9.1.1.3 Mexico: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Atomizing Metal Powder Market, by Product
9.1.1.3.2 Mexico: Atomizing Metal Powder Market, by Application
10. Impact of COVID-19 Pandemic on North America Atomizing Metal Powder Market
10.1 North America: 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 JFE GROUP
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 KOBE STEEL, LTD.
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 Kymera International
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 Makin Metal Powders (UK) Ltd
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 MITSUI MINING & SMELTING CO., 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 Sandvik AB
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
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. North America Atomizing Metal Powder Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. US Atomizing Metal Powder Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 3. US Atomizing Metal Powder Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada Atomizing Metal Powder Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Atomizing Metal Powder Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico Atomizing Metal Powder Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico Atomizing Metal Powder Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Glossary of Terms
LIST OF FIGURES
Figure 1. North America Atomizing Metal Powder Market Segmentation
Figure 2. North America Atomizing Metal Powder Market Segmentation – By Country
Figure 3. North America Atomizing Metal Powder Market Overview
Figure 4. Atomizing Iron Powder Segment Held Largest Share of the Market in 2020
Figure 5. The US Held Largest Share of the Market in 2020
Figure 6. Porter’s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Ecosystem: North America Atomizing Metal Powder Market
Figure 9. North America Atomizing Metal Powder Market: Impact Analysis of Drivers and Restraints
Figure 10. North America: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 11. North America Atomizing Metal Powder Market Revenue Share, By Product (2020 and 2028)
Figure 12. North America Atomizing Iron Powder: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. North America Atomizing Copper Powder: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. North America Atomizing Steel Powder: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. North America Atomizing Aluminium Powder: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. North America Others: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. North America Atomizing Metal Powder Market Revenue Share, By Application (2020 and 2028)
Figure 18. North America Metallurgy: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. North America Coating and Decorations: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. North America Electronic Materials: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. North America Sintered Parts: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. North America Diamond Cutting Tools: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. North America Additive Manufacturing: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. North America Others: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. North America: Atomizing Metal Powder Market Revenue Overview, by Country (2020) (US$ Mn)
Figure 26. North America: Atomizing Metal Powder Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. US: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Mexico: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in North America- GKN Sinter Metals Engineering GmbH
- Höganäs AB
- JFE GROUP
- KOBE STEEL, LTD.
- Kymera International
- Makin Metal Powders (UK) Ltd
- MITSUI MINING & SMELTING CO., LTD.
- Sandvik AB
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