Market Overview:
The global superfine 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 superfine steel powder market can be attributed to the increasing demand for automobiles and machinery across the globe. Additionally, rising investments in aerospace and chemical industries are also expected to fuel the growth of this market over the forecast period. On basis of type, atomization accounted for a major share of the global superfine steel powder market in 2017. This can be attributed to its ability to produce finer particles as compared with other methods such as reduction or others.
Product Definition:
A type of steel powder that is made up of very small particles. It is used in a variety of applications, including metalworking, welding, and castings.
Atomization:
Atomization is a process of creating extremely fine steel powder by using high-pressure gas streams. Atomization is also known as spray atomization or showering. It's basically done to increase the surface area of the steel particles, so that they may easily mix with other materials and attain desired properties in end products.
The major driving factors for global atomization market are increasing demand from construction industry.
Reduction:
Reduction is the process of decreasing the size or volume of a substance by breaking or changing it into smaller parts. In steel powder reduction is used to decrease the particle size before they are used in various applications like foundry sand, shot, pig iron and others.
The super fine steel powders market has been witnessing strong growth over the past few years on account of increasing demand from end-use industries such as construction, automotive and machinery manufacturing among others.
Application Insights:
Automotive application segment accounted for the largest volume share of over 40% in 2017. The product has a wide range of applications in automotive industry including engine components, transmission components, brake systems and others. Superfine steel powder is used as an alternative to ultra-fine particles which are currently being used in automobile air filters.
The chemical industry segment is expected to register the fastest CAGR over the forecast period owing to increasing demand from various industries including oil & gas, power generation and pharmaceuticals among others. Chemical manufacturers are investing significantly in R&D activities pertaining to superfineness level of their products for using them as additives or catalysts during chemical synthesis process without any further processing or refining steps. This approach reduces costs and environmental pollution while improving performance efficiency ratio significantly compared with conventional approaches such as size reduction followed by decarbonization or desummonization before use in chemical processes (Ref: Chem World).
Regional Analysis:
Asia Pacific was the largest market for superfine steel powder, accounting for a share of more than 60.0% in 2017. The region is expected to continue its dominance over the forecast period as well due to rapid industrialization and increasing demand from end-use industries such as machinery, aerospace & defense, construction and automotive among others.
The growth of manufacturing sector in emerging economies including China and India coupled with growing investments by foreign players is likely to drive the regional market further. For instance, In 2015 Volkswagen Group invested around USD X billion on expanding its presence in India which will create new opportunities for suppliers of raw materials used during production process (i.e., superfinishing).
Europe accounted for a significant share owing to high demand from several major end-use sectors such as machinery, chemical industry etc.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for high-performance steel powders
- Growing demand for Superfine Steel Powder in the construction and infrastructure sectors
- Rising popularity of additive manufacturing (AM) technology, which requires high-quality steel powders
- Rapid expansion of the Chinese economy, creating opportunities for growth in the Superfine Steel Powder market
- Technological advancements that improve the quality and performance of steel powders
Scope Of The Report
Report Attributes
Report Details
Report Title
Superfine Steel Powder Market Research Report
By Type
Atomization, Reduction, Others
By Application
Automobile, Machinery, Aerospace, Chemical Industry, Others
By Companies
Hoganas, GKN (Hoeganaes), Rio Tinto, JFE Steel Corporation, KOBELCO, Metal Powder Products, Sandvik, Pellets, Daido Steel, AMETEK, Carpenter Technology, Pometon Powder, NANOSTEEL, Laiwu Iron&Steel Group, Jiande Yitong, Wuhan Iron&Steel Group, Ma Steel, Haining Feida, CNPC Powder Material
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
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Superfine Steel Powder Market Report Segments:
The global Superfine Steel Powder market is segmented on the basis of:
Types
Atomization, Reduction, 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
Automobile, Machinery, Aerospace, Chemical Industry, Others
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:
- Hoganas
- GKN (Hoeganaes)
- Rio Tinto
- JFE Steel Corporation
- KOBELCO
- Metal Powder Products
- Sandvik
- Pellets
- Daido Steel
- AMETEK
- Carpenter Technology
- Pometon Powder
- NANOSTEEL
- Laiwu Iron&Steel Group
- Jiande Yitong
- Wuhan Iron&Steel Group
- Ma Steel
- Haining Feida
- CNPC Powder Material
Highlights of The Superfine 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:
- Atomization
- Reduction
- Others
- By Application:
- Automobile
- Machinery
- Aerospace
- Chemical Industry
- Others
- 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 Superfine 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.
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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?
Superfine steel powder is a type of steel that has been ground to a very fine texture. It is used in products that require high levels of precision, such as bearings and gears.
Some of the key players operating in the superfine steel powder market are Hoganas, GKN (Hoeganaes), Rio Tinto, JFE Steel Corporation, KOBELCO, Metal Powder Products, Sandvik, Pellets, Daido Steel, AMETEK, Carpenter Technology, Pometon Powder, NANOSTEEL, Laiwu Iron&Steel Group, Jiande Yitong, Wuhan Iron&Steel Group, Ma Steel, Haining Feida, CNPC Powder Material.
The superfine steel powder market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Superfine 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 Superfine Steel Powder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Superfine 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 Superfine 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 Superfine Steel Powder Market Size & Forecast, 2020-2028
4.5.1 Superfine Steel Powder Market Size and Y-o-Y Growth
4.5.2 Superfine 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 Atomization
5.2.2 Reduction
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 Automobile
6.2.2 Machinery
6.2.3 Aerospace
6.2.4 Chemical Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Superfine 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 Superfine 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 Atomization
9.6.2 Reduction
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 Automobile
9.10.2 Machinery
9.10.3 Aerospace
9.10.4 Chemical Industry
9.10.5 Others
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 Atomization
10.6.2 Reduction
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 Automobile
10.10.2 Machinery
10.10.3 Aerospace
10.10.4 Chemical Industry
10.10.5 Others
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 Atomization
11.6.2 Reduction
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 Automobile
11.10.2 Machinery
11.10.3 Aerospace
11.10.4 Chemical Industry
11.10.5 Others
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 Atomization
12.6.2 Reduction
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 Automobile
12.10.2 Machinery
12.10.3 Aerospace
12.10.4 Chemical Industry
12.10.5 Others
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 Atomization
13.6.2 Reduction
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 Automobile
13.10.2 Machinery
13.10.3 Aerospace
13.10.4 Chemical Industry
13.10.5 Others
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 Superfine Steel Powder Market: Competitive Dashboard
14.2 Global Superfine Steel Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hoganas
14.3.2 GKN (Hoeganaes)
14.3.3 Rio Tinto
14.3.4 JFE Steel Corporation
14.3.5 KOBELCO
14.3.6 Metal Powder Products
14.3.7 Sandvik
14.3.8 Pellets
14.3.9 Daido Steel
14.3.10 AMETEK
14.3.11 Carpenter Technology
14.3.12 Pometon Powder
14.3.13 NANOSTEEL
14.3.14 Laiwu Iron&Steel Group
14.3.15 Jiande Yitong
14.3.16 Wuhan Iron&Steel Group
14.3.17 Ma Steel
14.3.18 Haining Feida
14.3.19 CNPC Powder Material
