Europe Atomizing Metal Powder Market
The market for the Europe region includes Germany, France, Italy, the UK, Russia, and the rest of Europe. Economically strong countries such as the UK, Italy, Germany, and Russia have been witnessing significant growth in the atomizing metal powder market. The growth of this market is attributable to the growth in aerospace and automotive industries. A substantial financial investment is made in R&D for the aerospace industry, which is anticipated to boost the atomizing metal powder market. Besides, the European atomizing metal powder market is growing due to a robust automotive base. The rising demand for high-performance vehicles in Europe is anticipated to fuel the atomizing metal powder market. The growth of the automotive sector coupled with the surging demand for lightweight and high-strength components is predicted to bolster the use of atomizing metal powder in automotive components such as chassis and engine. Further, the demand for advanced surface coating technologies is continually progressing in major end-use industries such as steel, aerospace, oil & gas, and power. Atomizing metal powder is also utilized in the metallurgy sector in the manufacture of several products and coating applications. Moreover, according to European Commission, the construction sector is crucial to the EU economy. The industry provides 18 million direct jobs and contributes to about 9% of the region's GDP. Thus, the surge in application of atomizing metal powder in diamond tools, welding, 3D printing, and others coupled with the growth in the construction sector are anticipated to create demand for atomizing metal powder in Europe.
In case of COVID-19, Europe is highly affected specially France and Russia. The region is estimated to suffer an economic hit due to the lack of revenue from various industries subjected to disruption in the supply chain. As of October 6, 2021, the total number of confirmed cases in Europe are 71,084,302. The massive outbreak of the pandemic has created a temporary distortion in operation efficiencies of industrial bases in the European market. The market for atomizing metal powder has been negatively impacted due to limited operational capabilities due to COVID-19 restrictions. The COVID-19 pandemic has forced many atomizing metals powder manufacturers to cut output due to a shortage of raw materials. However, the various industries are resuming their operations, including the automotive industry. The increasing usage of automobile vehicles, in turn, will create demand for atomizing metal powders in transport and logistics. Rising demand for atomizing metal powder across diverse industrial applications is expected to substantially promote the demand for atomizing metal powder in the regional market.
Strategic insights for the Europe Atomizing Metal Powder provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 115.66 Million |
| Market Size by 2028 | US$ 159.36 Million |
| Global CAGR (2021 - 2028) | 4.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Atomizing Metal Powder refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe atomizing metal powder market is expected to grow from US$ 115.66 million in 2021 to US$ 159.36 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028. Atomization is the most common method for producing metal powders. A variety of industrial and research approaches are included in the general types of atomization procedures. There are numerous processes in producing atomized powders, each subjecting to a metal powder to different processing regimes. As a result, it becomes very crucial to match powder properties to a specific application or equipment. Moreover, there is an increasing emphasis on atomizing equipment to produce dedicated additive manufacturing powders to meet customer requirements around morphology, purity, and particle size distribution. Many manufacturers in the market also focus on offering standard and custom metal powders that deliver qualities, which meet the needs of customers for specific applications. Thus, growing importance of standard and customized powders for specific application will provide more growth opportunities for the Europe market growth.
In terms of product, the atomizing iron powder segment accounted for the largest share of the Europe atomizing metal powder market in 2020. In terms of application, the coating and decorations segment held a larger market share of the Europe atomizing metal powder market in 2020.
A few major primary and secondary sources referred to for preparing this report on the Europe atomizing metal powder market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are GKN Sinter Metals Engineering GmbH; Höganäs AB; JFE GROUP; KOBE STEEL, LTD.; Kymera International; Makin Metal Powders (UK) Ltd; MITSUI MINING & SMELTING CO., LTD.; m-tec powder GmbH; Pometon S.p.A.; and Sandvik AB among others.
The Europe Atomizing Metal Powder Market is valued at US$ 115.66 Million in 2021, it is projected to reach US$ 159.36 Million by 2028.
As per our report Europe Atomizing Metal Powder Market, the market size is valued at US$ 115.66 Million in 2021, projecting it to reach US$ 159.36 Million by 2028. This translates to a CAGR of approximately 4.7% during the forecast period.
The Europe Atomizing Metal Powder Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Atomizing Metal Powder Market report:
The Europe Atomizing Metal Powder Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Atomizing Metal Powder Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Atomizing Metal Powder Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Atomizing Metal Powder Market
