Market Overview:
The global alloy steel powder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for alloy steel powder from various end-use industries, such as electronic, steel, chemical and agriculture. In addition, the growing demand for high-performance alloys is also contributing to the growth of this market. Based on type, low alloy steel powder accounted for a major share of the global alloy steel powder market in 2017. This can be attributed to its properties such as good weldability and formability which make it suitable for use in various applications across different industries.
Product Definition:
An alloy is a mixture of metals or a metal and another element. Steel is an alloy of iron and carbon. Alloy steel powder is made by melting steel scrap and other alloys in a furnace, then atomizing the molten material into small particles.
Low Alloy Steel Powder:
Low alloy steel powder is a new material, which has been developed to overcome the drawbacks of conventional materials such as low yield and high cost. The product is expected to be an effective substitute for hot forming alloys in applications where ductility and malleability are required.
The global demand for hot forming alloys has witnessed a significant rise in the past few years owing to their use in lightweight vehicles with high strength and corrosion resistance.
High Alloy Steel Powder:
High alloy steel powder is a new term in the alloy steel powder market. It was introduced by ArcelorMittal, one of the largest producers of steel in the world to differentiate its product from low alloy or carbon steel. The main difference between high and low alloys is that high alloys contain elements such as manganese, silicon, nickel and chromium among others whereas low alloys have only iron and carbon as major ingredients.
Application Insights:
Electronic application dominated the global alloy steel powder market in terms of revenue share at over 35.0% in 2017. The segment is expected to witness growth due to increasing demand for electronic products from various end-use industries such as consumer electronics, telecommunication and IT, healthcare and medical equipment, etc. In addition, growing preference for lightweight material has resulted in increased use of alloy steel powders for manufacturing electrical components which further drives the product demand.
The chemical segment accounted for a significant share of the overall revenue on account of rising utilization of chemical processing industry worldwide coupled with increasing industrialization & urbanization leading to rise in need for construction materials including metals.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. These countries are witnessing strong economic growth owing to various factors such as low population density; high availability of land; rapid urbanization; increasing per capita income levels and rising demand for consumer goods.
China was one of the largest producers as well as consumers of steel powder in Asia Pacific during 2017-18 due to presence of large steel production units owned by state-owned enterprises (SOEs). In addition, growing investments by private players in capacity expansion are likely to have a positive impact on industry growth over the coming years.
Europe was another major regional market that accounted for a share of more than 25% in terms of volume consumed globally owing mainly to high consumption levels coupled with rapidly expanding end-use industries across Germany, U.K.
Growth Factors:
- Increasing demand from the automotive and aerospace industries due to its high strength-to-weight ratio and corrosion resistance properties.
- Growing popularity of additive manufacturing or 3D printing technology, which uses metal powders as feedstock, is expected to boost the demand for alloy steel powder in the near future.
- Rising demand from emerging economies such as China and India due to rapid industrialization and urbanization.
- Increasing use of alloy steel powder in construction industry for making high-strength concrete beams, columns, and slabs that can withstand heavy loads without any deformation or failure under compression stress is another major growth driver for this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Alloy Steel Powder Market Research Report
By Type
Low Alloy Steel Powder, High Alloy Steel Powder, Others
By Application
Electronic, Steel, Chemical, Agriculture, Other
By Companies
JFE, Daido Steel, Sandvik, Hoganas, Sanyo-steel, Cartech, AMETEK, Mitsubishi Steel, Rio Tinto, Diehl Steel, Erasteel, CRS Holdings, Advanced Powder Products, Nanosteel, Sumitomo Heavy Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Alloy Steel Powder Market Report Segments:
The global Alloy Steel Powder market is segmented on the basis of:
Types
Low Alloy Steel Powder, High Alloy Steel Powder, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronic, Steel, Chemical, Agriculture, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- JFE
- Daido Steel
- Sandvik
- Hoganas
- Sanyo-steel
- Cartech
- AMETEK
- Mitsubishi Steel
- Rio Tinto
- Diehl Steel
- Erasteel
- CRS Holdings
- Advanced Powder Products
- Nanosteel
- Sumitomo Heavy Industries
Highlights of The Alloy Steel Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Alloy Steel Powder
- High Alloy Steel Powder
- Others
- By Application:
- Electronic
- Steel
- Chemical
- Agriculture
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Alloy Steel Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Alloy steel powder is a mixture of different types of steel that have been combined to create a new alloy. Alloy steels are stronger and more durable than traditional steels, making them ideal for use in products that require high levels of strength and durability.
Some of the key players operating in the alloy steel powder market are JFE, Daido Steel, Sandvik, Hoganas, Sanyo-steel, Cartech, AMETEK, Mitsubishi Steel, Rio Tinto, Diehl Steel, Erasteel, CRS Holdings, Advanced Powder Products, Nanosteel, Sumitomo Heavy Industries.
The alloy steel powder market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Alloy Steel Powder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Alloy Steel Powder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Alloy Steel Powder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Alloy Steel Powder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Alloy Steel Powder Market Size & Forecast, 2020-2028
4.5.1 Alloy Steel Powder Market Size and Y-o-Y Growth
4.5.2 Alloy Steel Powder Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Low Alloy Steel Powder
5.2.2 High Alloy Steel Powder
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electronic
6.2.2 Steel
6.2.3 Chemical
6.2.4 Agriculture
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Alloy Steel Powder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Alloy Steel Powder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Low Alloy Steel Powder
9.6.2 High Alloy Steel Powder
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electronic
9.10.2 Steel
9.10.3 Chemical
9.10.4 Agriculture
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Low Alloy Steel Powder
10.6.2 High Alloy Steel Powder
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electronic
10.10.2 Steel
10.10.3 Chemical
10.10.4 Agriculture
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Low Alloy Steel Powder
11.6.2 High Alloy Steel Powder
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electronic
11.10.2 Steel
11.10.3 Chemical
11.10.4 Agriculture
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Low Alloy Steel Powder
12.6.2 High Alloy Steel Powder
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electronic
12.10.2 Steel
12.10.3 Chemical
12.10.4 Agriculture
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Low Alloy Steel Powder
13.6.2 High Alloy Steel Powder
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electronic
13.10.2 Steel
13.10.3 Chemical
13.10.4 Agriculture
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Alloy Steel Powder Market: Competitive Dashboard
14.2 Global Alloy Steel Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 JFE
14.3.2 Daido Steel
14.3.3 Sandvik
14.3.4 Hoganas
14.3.5 Sanyo-steel
14.3.6 Cartech
14.3.7 AMETEK
14.3.8 Mitsubishi Steel
14.3.9 Rio Tinto
14.3.10 Diehl Steel
14.3.11 Erasteel
14.3.12 CRS Holdings
14.3.13 Advanced Powder Products
14.3.14 Nanosteel
14.3.15 Sumitomo Heavy Industries
