Market Overview:
The global 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 steel powder from various end-use industries, such as automotive, machinery, aerospace, chemical industry and others. Steel powder is used as a raw material in various manufacturing processes and helps improve the performance of products. It offers several benefits such as high strength-to-weight ratio, corrosion resistance and others which are fueling its demand across different industries. Based on type, atomization accounted for the largest share of the global steel powder market in 2017. This can be attributed to its ability to produce finer particles with less porosity when compared with other methods such as reduction or sintering process. By application, automotive held the largest share of the global steel powder market in 2017 owing to rising demand for lightweight vehicles across different regions worldwide.
Product Definition:
A steel powder is a type of metal powder that is composed of steel. It can be used in a variety of ways, including in the production of metal parts and components.
Atomization:
Atomization is a process of creating very small particles from a solid material by breaking down the larger pieces into extremely small pieces. Atomization is also known as aerosolization or sputtering and it's used in various industries such as automotive, electronics, medical equipment, etc. In steel powder market, atomization plays an important role in increasing the surface area of steel particles which makes them more reactive to oxygen and other elements hence improving their performance during combustion.
Reduction:
Reduction is the process of decreasing the volume or size of a substance by breaking or changing it's shape. It can be applied to any substance which can be changed into a different form with less mass and more surface area. In steel powder reduction refers to processes used for transforming crude steel into fine steel powders through solidification, cementation, sintering, annealing and other processes.
Application Insights:
Automotive was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. Automobile manufacturing processes, such as cutting, welding and assembly require a large amount of steel powder for production. The global automotive industry has witnessed tremendous growth over the past few years owing to increasing sales of passenger cars and light commercial vehicles in developing countries like India, China and Brazil. This trend is expected to continue during the forecast period with slight dips due to economic slowdown in some European countries but overall automotive production will increase resulting in high demand for steel powders from 2018 to 2030.
Regional Analysis:
Asia Pacific dominated the global steel powder 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 increasing industrial output, rising foreign investments and improving macroeconomic conditions.
China was one of the largest producers of crude steel in 2016 with a production capacity exceeding 110 million tons per year. However, after implementing stringent environmental regulations by the government authorities in 2017 due to growing concerns over air pollution caused due to carbon emissions from coal-based power plants; hence reducing its steel production capacity by around 3 million tons annually until 2018 (i) (ii). This resulted into an increased demand for alternative raw materials for producing high-quality products at competitive prices thus benefitting end users such as manufacturers & consumers including automotive sector across Asia Pacific region.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing use of steel powder in 3D printing
- Rising demand for lightweight and high-strength materials in automobiles and aircrafts
- Technological advancements that have led to the development of new applications for steel powder
- Growing popularity of additive manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Powder Market Research Report
By Type
Atomization, Reduction, Others
By Application
Automobile, Machinery, Aerospace, Chemical Industry, Others
By Companies
Höganäs, 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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Steel Powder Market Report Segments:
The global 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:
- Höganäs
- 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 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 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
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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?
Steel powder is a mixture of iron and other metals that has been ground into a fine powder. It is used to make steel, which is a metal that is strong and durable.
Some of the key players operating in the steel powder market are HƒÂ¶ganƒÂ¤s, 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 steel powder market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Steel Powder Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Steel Powder Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Steel Powder Market - Supply Chain
4.5. Global Steel Powder Market Forecast
4.5.1. Steel Powder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Steel Powder Market Size (000 Units) and Y-o-Y Growth
4.5.3. Steel Powder Market Absolute $ Opportunity
5. Global Steel Powder Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Steel Powder Market Size and Volume Forecast by Type
5.3.1. Atomization
5.3.2. Reduction
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Steel Powder Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Steel Powder Market Size and Volume Forecast by Application
6.3.1. Automobile
6.3.2. Machinery
6.3.3. Aerospace
6.3.4. Chemical Industry
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Steel Powder Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Steel Powder Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Steel Powder Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Steel Powder Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Steel Powder Demand Share Forecast, 2019-2029
9. North America Steel Powder Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Steel Powder Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Steel Powder Market Size and Volume Forecast by Application
9.4.1. Automobile
9.4.2. Machinery
9.4.3. Aerospace
9.4.4. Chemical Industry
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Steel Powder Market Size and Volume Forecast by Type
9.7.1. Atomization
9.7.2. Reduction
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Steel Powder Demand Share Forecast, 2019-2029
10. Latin America Steel Powder Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Steel Powder Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Steel Powder Market Size and Volume Forecast by Application
10.4.1. Automobile
10.4.2. Machinery
10.4.3. Aerospace
10.4.4. Chemical Industry
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Steel Powder Market Size and Volume Forecast by Type
10.7.1. Atomization
10.7.2. Reduction
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Steel Powder Demand Share Forecast, 2019-2029
11. Europe Steel Powder Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Steel Powder Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Steel Powder Market Size and Volume Forecast by Application
11.4.1. Automobile
11.4.2. Machinery
11.4.3. Aerospace
11.4.4. Chemical Industry
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Steel Powder Market Size and Volume Forecast by Type
11.7.1. Atomization
11.7.2. Reduction
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Steel Powder Demand Share, 2019-2029
12. Asia Pacific Steel Powder Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Steel Powder Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Steel Powder Market Size and Volume Forecast by Application
12.4.1. Automobile
12.4.2. Machinery
12.4.3. Aerospace
12.4.4. Chemical Industry
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Steel Powder Market Size and Volume Forecast by Type
12.7.1. Atomization
12.7.2. Reduction
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Steel Powder Demand Share, 2019-2029
13. Middle East & Africa Steel Powder Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Steel Powder Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Steel Powder Market Size and Volume Forecast by Application
13.4.1. Automobile
13.4.2. Machinery
13.4.3. Aerospace
13.4.4. Chemical Industry
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Steel Powder Market Size and Volume Forecast by Type
13.7.1. Atomization
13.7.2. Reduction
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Steel Powder Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Steel Powder Market: Market Share Analysis
14.2. Steel Powder Distributors and Customers
14.3. Steel Powder Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Höganäs
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GKN (Hoeganaes)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rio Tinto
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. JFE Steel Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. KOBELCO
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Metal Powder Products
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sandvik
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Pellets
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Daido Steel
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. AMETEK
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Carpenter Technology
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Pometon Powder
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. NANOSTEEL
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Laiwu Iron&Steel Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Jiande Yitong
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Wuhan Iron&Steel Group
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Ma Steel
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Haining Feida
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. CNPC Powder Material
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
