Europe Atomised Steel Powder Market was valued at USD 1.3 Billion in 2022 and is projected to reach USD 2.2 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The European atomised steel powder market has been witnessing significant growth in recent years, driven by its rising demand across various industries. Atomised steel powder, a fine metallic powder produced through a specialized atomization process, is gaining prominence due to its diverse applications in sectors like automotive, aerospace, and manufacturing. This fine material is increasingly sought after for its exceptional properties, including high strength, excellent corrosion resistance, and the ability to be easily formed into complex shapes.
The automotive industry is one of the major consumers of atomised steel powder in Europe. Manufacturers in this sector require high-performance materials that can improve the efficiency and durability of components, such as gears, engine parts, and structural components. Atomised steel powder meets these demands by providing a cost-effective solution for producing lightweight and durable parts with high precision. Additionally, the powder's ability to be used in additive manufacturing processes further boosts its appeal for automotive applications.
Aerospace manufacturers also depend on atomised steel powder for producing advanced components that must withstand extreme conditions. The aerospace sector demands materials that are lightweight, strong, and capable of withstanding high stress and temperature fluctuations. Atomised steel powder's unique characteristics make it suitable for producing critical parts like turbine blades, structural components, and fasteners. The demand from this industry is expected to continue rising as the need for innovative and durable materials grows.
The manufacturing sector is another key player driving the demand for atomised steel powder. With its ability to enhance the performance of various tools and machinery, it is widely used in applications ranging from industrial equipment to electronics. Moreover, the growing trend of 3D printing in manufacturing is increasing the need for specialized powders, further contributing to the atomised steel powder market's expansion.
Overall, the European atomised steel powder market is set to grow, driven by the rising demand from industries like automotive, aerospace, and manufacturing. As technological advancements continue to shape production processes and materials science, the need for high-quality atomised steel powder will likely see a steady increase in the years to come.
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Hoganas
GKN (Hoeganaes)
Rio Tinto Metal Powders
Pometon
Kobelco
JFE
Laiwu Iron&Steel Group
Jiande Yitong
BaZhou HongSheng
CNPC Powder Material
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Atomised Steel Powder Market
Metal Injection Molding (MIM)
Additive Manufacturing
Thermal Spray Coatings
Hard Facing
3D Printing
Gas Atomization
Water Atomization
Mechanical Atomization
Electrode Induction Melting
Plasma Atomization
Ultra-fine Powder (< 10 µm)
Fine Powder (10 - 25 µm)
Medium Powder (26 - 50 µm)
Coarse Powder (> 50 µm)
Custom-Sized Powder
Aerospace
Automotive
Medical Devices
Energy
Manufacturing
Loose Powder
Pre-alloyed Powder
Coated Powder
Composite Powder
Blended Powder
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe Atomised Steel Powder Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Atomised Steel Powder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Atomised Steel Powder Market, By Type
6. Europe Atomised Steel Powder Market, By Application
7. Europe Atomised Steel Powder Market, By Geography
Europe
Germany
UK
France
8. Europe Atomised Steel Powder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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