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Steel Powder Market Size, Share Global Analysis Report, 2020 – 2026
Steel Powder Market Size, Share, Growth Analysis Report By Type (Atomization, Reduction, and Others) and By Application (Automobile, Machinery, Aerospace, Chemical Industry, and Others): Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2020 – 2026
Industry Insights
According to the report published by Facts Factors, the global steel powder market size was worth around USD 4300 million in 2019 and is predicted to grow to around USD 5700 million by 2026 with a compound annual growth rate (CAGR) of roughly 3.5% between 2020 and 2026. The report analyzes the global steel powder market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the steel powder market.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Steel Powder industry. The report analyzes and declares the historical and current trends analysis of the Steel Powder industry and subsequently recommends the projected trends anticipated to be observed in the Steel Powder market during the upcoming years.
Key Insights from Primary Research
- As per our primary respondents, the global steel powder is projected to grow annually at a rate of around 3.5%
- It was established through primary research that the global steel powder was valued at around USD 4300 Million in 2019.
- The steel powder obtained by the “Atomization” method, is the prominent revenue-producing category contributing to around 70% share, in 2019.
- On the basis of end-user segmentation, the “automobile” category held the leading share at more than 60%, in 2019.
Key Recommendations from Analysts
- As per our Analysts, the global market of steel powder is projected to grow owing to increasing technological advancement and demand for manufacturing complex parts.
- The automobile industry is dependent on powder metallurgy for the production of automobile parts. It is expected that rising demand for vehicles is estimated to spur the steel powder market.
- Growing at a CAGR of around 3.5%, global steel powder provides numerous opportunities for all of the intricate stakeholders across the entire value chain.
- Our analysts have recognized the “Automized Steel Powder” and “Automobiles” categories as the prominent investment options for steel powder manufacturers with respect to type and application.
- The growing demand for electrical vehicles is projected to replace the existing market of traditionally fueled vehicles. This is expected to generate extensive demand for automotive spare parts for an electric vehicle which is projected to spur the market of steel powder in the forecasted time.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Steel Powder industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Steel Powder industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Steel Powder market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Steel Powder industry. The Steel Powder market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Steel Powder sector. Key strategic developments in the Steel Powder market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Steel Powder market are appropriately highlighted in the report.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 4300 Million |
Projected Market Size in 2026 |
USD 5700 Million |
CAGR Growth Rate |
3.5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Metal Powder Products, Höganäs, CNPC Powder Material, LaiwuIronandSteel Group, GKN (Hoeganaes), HainingFeida, Rio Tinto, Carpenter Technology, JFE Steel Corporation, JiandeYitong, Wuhan IronandSteel Group, Sandvik, NANOSTEEL, Pellets, Pompton Powder, Daido Steel, Ma Steel, AMETEK, KOBELCO, and others. |
Key Segment |
By Product Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Regional Overview:
The Steel Powder market research report delivers an acute valuation and taxonomy of the Steel Powder industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
The regional segmentation of the Steel Powder industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Steel Powder industry is provided for the leading economies of the world.
The Steel Powder market is segmented based on Type and Application. On the basis of type segmentation, the market is classified into Atomization, Reduction, and Others. In terms of Application segmentation, the market is bifurcated into Automobile, Machinery, Aerospace, Chemical Industry, and Others.
Some of the essential players operating in the Steel Powder market, but not restricted to include:
- Metal Powder Products
- Höganäs
- CNPC Powder Material
- Laiwu Iron and Steel Group
- GKN (Hoeganaes)
- Haining Feida
- Rio Tinto
- Carpenter Technology
- JFE Steel Corporation
- Jiande Yitong
- Wuhan Iron and Steel Group
- Sandvik
- NANOSTEEL
- Pellets
- Pometon Powder
- Daido Steel
- Ma Steel
- AMETEK
- KOBELCO
The taxonomy of the Steel Powder industry by its scope and segmentation is as follows:
By Type Segmentation Analysis (Customizable)
- Atomization
- Reduction
- Others
By Application Segmentation Analysis (Customizable)
- Automobile
- Machinery
- Aerospace
- Chemical Industry
- Others
By Regional Segmentation Analysis (Customizable)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
Table of Content
Industry Major Market Players
- Metal Powder Products
- Höganäs
- CNPC Powder Material
- Laiwu Iron and Steel Group
- GKN (Hoeganaes)
- Haining Feida
- Rio Tinto
- Carpenter Technology
- JFE Steel Corporation
- Jiande Yitong
- Wuhan Iron and Steel Group
- Sandvik
- NANOSTEEL
- Pellets
- Pometon Powder
- Daido Steel
- Ma Steel
- AMETEK
- KOBELCO
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