Steel Powder Market
Steel Powder Market Share & Trends Analysis, By End-use (Machinery & Equipment, Automotive industry, Aerospace, Chemical Industry), By Type (Atomized Powder, Reduced Powder), By Application (Powder Metallurgy, MIM) & By Region Forecast - Global Market Insights 2019 to 2029
Steel Powder Market: Introduction
Fine pieces of metals such as aluminum, nickel, steel, and copper to name a few are known as metal powders. Steel powders are typically less than 1,680 micrometers in size, and high surface area to mass ratio. Steel powder is a type of metal powder that finds its use in aerospace, automotive, and machinery.
Steel powder finds its application in resin & paint additives, interconnectors, powder metallurgy among others. Steel powder is majorly produced by physical or mechanical methods but there are four main methods of production of steel powder chemicals, atomization, electrolysis, and solid-state reduction. Steel powder includes stainless steel, alloy, and general steel powder. Steel powder is used for various applications such as MIM, 3D-Printing, Additive Manufacturing, Powder Metallurgy, and others.
Steel Powder Market: Dynamics
Additive manufacturing is a process of combing materials to make objects from 3D data. 3-D Printing is the imprinting of excellent shades in the manufacturing sector where steel powder is an important component among other powder metals. Additive manufacturing is currently popular in the medical sector, as to make precise medical equipment and machinery using metal powders such as steel powder, nickel powder to name a few.
The primary application of steel powder in additive fabrications is design/modeling, function prototyping, and direct part production. Steel powder used in additive manufacturing is changing the world by how manufacturers design articles in the low span of time. Additive manufacturing will drive the steel powder market heavily for a longer run.
Food and Drug Administration approved spinal implants made with 3-D prints, such innovations and use of certain technologies will guide the Steel powder market as developments in the healthcare sector is always a positive sign for the steel powder market. Steel powder market and other metal powders markets will see a rise due to the healthcare sector.
Direct metal deposition (DeD) technology is an up-and-coming aspect that will accelerate the steel powder market, as it is used to provide various layers on freshly manufactured parts. In this lieu, the automotive and aerospace industry finds the use of steel powder quite compelling. Direct metal deposition technology and other similar technologies help multiple other sectors. Thus, the integration of these technologies with metal power is paving the growth path for the global market.
Technologies like MIM which are at a nascent stage, where a metal powder is mixed with binder material to create a feedstock, this technology relies on steel powder as raw material. Steel powder and other metal powder are used to create feedstock for processes like additive manufacturing. This may help propel the steel powder market to a certain extent.
Steel powder market will be extensively driven by powdered metallurgy, additive manufacturing, and relatively new technologies like MIM and DeD.
Steel powder stands at a cheaper raw material line in certain regions and is extensively used in powdered metallurgy for multiple processes.
Chronic inhalation of finely divided steel and iron powder may cause iron poisoning and the powder can also deposit in the body tissue. The injection of steel powder may cause vomiting, diarrhea, and even liver damage.
Steel Powder Market: Regional Outlook
Steel Powder market and metal powder market is widely spread throughout the globe as they find application in multiple fields which are common and are followed extensively by developed and developing countries. Countries in the Asia-Pacific such as China and India have prominent foothold on the steel powder market comparative to the North-American region.
The rise in technology and improvement in existing technology in countries like Japan and U.S., the requirement of steel powder is increasing. The growing inclination of better technologies in healthcare in the North America will propel the steel powder market in those regions. Africa is expected to witness sluggish growth during the forecast period. With significant presence of the healthcare industry in the North America region this will drive the steel powder market.
Steel Powder Market: Key participants
Examples of some of the market participants operating in the global Steel Powder market are:
Rio Tinto Plc, Sandvik AB, CNPC Powder Metal, AMG Advanced Metallurgical Group, Hoganas AB and others.
The Steel Powder market research report presents a comprehensive assessment of the Steel Powder market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Steel Powder market research report provides analysis and information according to Steel Powder market segments such as geographies, application and industry.
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The report covers exhaustive analysis on,
- Steel Powder Market Segments
- Steel Powder Market Dynamics
- Steel Powder Market Size
- Steel Powder Supply & Demand Scenario
- Current Trends/Issues/Challenges in Steel Powder market
- Competition & Companies involved in Steel Powder market
- Technology used in Steel Powder Market
- Value Chain of Steel Powder Market
Regional analysis includes,
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics)
- Eastern Europe (Russia, Poland, CIS)
- Asia-Pacific (China, India, ASEAN, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The Steel Powder Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Steel Powder market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Steel Powder market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
- Detailed overview of parent market
- Changing Steel Powder market dynamics in the industry
- In-depth Steel Powder market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape in Steel Powder Market
- Strategies of key players and products offered in Steel Powder market
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Steel Powder market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect the formal positions or views of the company.
Steel Powder Market: Segmentation
The Global Market of Steel Powder can be segmented by: End Use
- Machinery & Equipment
- Automotive industry
- Chemical Industry
The Global Market of Steel Powder can be segmented by: Type
- Atomized Powder
- Reduced Powder
The Global Market of Steel Powder can be segmented by: Application
- Powder Metallurgy
- Additive Manufacturing
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