Middle East and Africa Atomizing Metal Powder Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Atomizing Iron Powder, Atomizing Copper Powder, Atomizing Steel Powder, Atomizing Aluminium Powder, and Others) and Application (Metallurgy, Coating and Decorations, Electronic Materials, Sintered Parts, Diamond Cutting Tools, Additive Manufacturing, and Others)
Market Introduction
The MEA region includes countries such as South Africa, Saudi Arabia, UAE, and the rest of the MEA. The harsh weather conditions of the desert, lack of unskilled laborers, and high labor wages in the region act as huge hindrances in the development of the region. However, urbanization in the Middle Eastern is transforming the outlook of countries. The atomizing metal powder market in the Middle East and Africa is experiencing rapid development due to the increased adoption of the atomizing metal powder by the region's end-use industries. New investment and better marketing strategies have led to the capture of market share in the Middle East and African region. The atomizing metal powder market is highly driven by economic development, along with the growing end-use industries such as electronics, automotive, and others. As per the Department of Trade and Industry, South Africa has a diverse electronics industry that ranges from household appliances, electrical machinery, and telecommunications equipment to consumer electronics. According to Statistics South Africa, the nation produces over R90bn worth of electrotechnical equipment annually. South Africa is committed to building a competitive environment for the electronics sector. Besides, government assistance is focused on programs that promote domestic manufacturing, research, and development (R&D), and the development of safety standards to assist the electrical & electronics manufacturing industry. The atomized metal powders are widely used in the automotive sector. The applications include exhaust system components, muffler flange, valve seats and guides, mirror mounts, and fittings. The metal powders for automotive are produced to strike the maximum balance of cost and performance. These factors are predicted to boost the demand for atomizing metal powder in the MEA region.
In case of COVID-19, MEA is highly affected especially South Africa. The COVID-19 pandemic has had a severe impact on the economy of the MEA which has led to a decline in oil production, tourism, and remittances. The MEA region comprise many growing economies, which are prospective markets for atomizing metal powder vendors. The pandemic has significantly slowed down the growth of atomizing metal powder market in the region due to negative impact upon the growth of industries such as automotive, and others. The COVID-19 workforce reductions have affected many companies’ ability to efficiently operate production. Despite the Covid-19 pandemic, companies are sticking to their investment plans. For instance, m-tec powder GmbH has invested further production capacity of Aluminium powder in South Africa. The company has invested to meet the increasing demand for Aluminium powders in South Africa and other regions.
Market Overview and Dynamics
The MEA atomizing metal powder market is expected to grow from US$ 41.42 million in 2021 to US$ 49.04 million by 2028; it is estimated to grow at a CAGR of 2.4% from 2021 to 2028. Surface coating is a cost-effective way to achieve high-performance characteristics on exposed surfaces. There are diverse applications of atomized metal powders in the surface coating process. Metal powders are used for coating or layering purposes of industrial products. A wide range of pure metal powders is used for coatings for buildup repair and coatings that protect the product from high temperature and oxidation. Metal powder coating is used to render the metallic surface strong, resilient, and acquire other properties of relevance. These metal powders offer a proven cost-effective method to enhance both the performance and endurance of components in a high-wear and corrosive environment. The different types of metal powders such as nickel, cobalt, and iron are used in surface coatings. In the surface coating process, iron powder is used to deposit a layer of fine-grained particles of the metal. Iron powder is used for surface coating of objects exposed to high temperatures. Such coating is utilized to improve the resilience and wear resistance of high-speed moving parts in engineering processes, such as engine valves, steel rollers, printing rollers, and glass bottle manufacturing molds. The use of a high-quality iron coating on the surface increases the durability of the surface. The thermal surface coating can also enhance the performance of the part or assembly. Also, iron powder manufacturers offer specialty grades of materials to fit various coating techniques. The metal powder sector is expanding and seeking new market opportunities. Players operating in the market are also offering standard and custom powders that deliver the coating properties for specific application demands. In important end-use sectors, such as aerospace and oil & gas, the demand for innovative surface coating technologies is constantly expanding. Furthermore, industries are increasingly adopting atomized metal powder for surface coating since it is a cost-effective and efficient technique. Thus, the extensive use of atomizing metal powder in surface coating boosts the growth of the MEA atomizing metal powder market.
Key Market Segments
In terms of product, the atomizing iron powder segment accounted for the largest share of the MEA atomizing metal powder market in 2020. In terms of application, the coating and decorations segment held a larger market share of the MEA atomizing metal powder market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the MEA 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; and Sandvik AB among others.
Reasons to buy report
- To understand the MEA atomizing metal powder market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA atomizing metal powder market
- Efficiently plan M&A and partnership deals in MEA atomizing metal powder market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA atomizing metal powder market
- Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.
MEA Atomizing Metal Powder Market Segmentation
MEA Atomizing Metal Powder Market - By Product
MEA Atomizing Metal Powder Market - By Application
- Metallurgy
- Coating and Decorations
- Electronic Materials
- Sintered Parts
- Diamond Cutting Tools
- Additive Manufacturing
- Others
MEA Atomizing Metal Powder Market - By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Atomizing Metal Powder Market - Company Profiles
- 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
- Sandvik AB
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. MEA Atomizing Metal Powder Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. MEA Atomizing Metal Powder Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Upsurge in the Use of Powder Metallurgy in the Automotive Industry
5.1.2 Escalation in the Use of Atomizing Metal Powder in Surface Coating Process
5.2 Market Restraints
5.2.1 Variation in Prices of Raw Material
5.3 Market Opportunities
5.3.1 Increasing Additive Manufacturing-specific Metal Powder Atomization
5.4 Future Trends
5.4.1 Rising Importance of Standard and Customized Powders for Specific Applications
5.5 Impact Analysis
6. Atomizing Metal Powder Market– MEA Analysis
6.1 MEA Atomizing Metal Powder Market Overview
6.2 MEA Atomizing Metal Powder Market –Revenue and Forecast To 2028 (US$ Million)
7. MEA Atomizing Metal Powder Market Analysis – By Product
7.1 Overview
7.2 MEA Atomizing Metal Powder Market, By Product (2020 and 2028)
7.3 Atomizing Iron Powder
7.3.1 Overview
7.3.2 Atomizing Iron Powder: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Atomizing Copper Powder
7.4.1 Overview
7.4.2 Atomizing Copper Powder: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Atomizing Steel Powder
7.5.1 Overview
7.5.2 Atomizing Steel Powder: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Atomizing Aluminium Powder
7.6.1 Overview
7.6.2 Atomizing Aluminium Powder: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
8. MEA Atomizing Metal Powder Market Analysis – By Application
8.1 Overview
8.2 MEA Atomizing Metal Powder Market, By Application (2020 and 2028)
8.3 Metallurgy
8.3.1 Overview
8.3.2 Metallurgy: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Coating and Decorations
8.4.1 Overview
8.4.2 Coating and Decorations: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Electronic Materials
8.5.1 Overview
8.5.2 Electronic Materials: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Sintered Parts
8.6.1 Overview
8.6.2 Sintered Parts: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Diamond Cutting Tools
8.7.1 Overview
8.7.2 Diamond Cutting Tools: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Additive Manufacturing
8.8.1 Overview
8.8.2 Additive Manufacturing: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Atomizing Metal Powder Market – Revenue and Forecast to 2028 (US$ Million)
9. MEA Atomizing Metal Powder Market – Country Analysis
9.1 Overview
9.1.1 MEA: Atomizing Metal Powder Market, by Key Country
9.1.1.1 South Africa: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Atomizing Metal Powder Market, by Product
9.1.1.1.2 South Africa: Atomizing Metal Powder Market, by Application
9.1.1.2 Saudi Arabia: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Atomizing Metal Powder Market, by Product
9.1.1.2.2 Saudi Arabia: Atomizing Metal Powder Market, by Application
9.1.1.3 UAE: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Atomizing Metal Powder Market, by Product
9.1.1.3.2 UAE: Atomizing Metal Powder Market, by Application
9.1.1.4 Rest of MEA: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Atomizing Metal Powder Market, by Product
9.1.1.4.2 Rest of MEA: Atomizing Metal Powder Market, by Application
10. Impact of COVID-19 Pandemic on MEA Atomizing Metal Powder Market
10.1 MEA: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Mergers & acquisition
11.3 Expansion
12. Company Profiles
12.1 GKN Sinter Metals Engineering GmbH
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Höganäs AB
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 JFE GROUP
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 KOBE STEEL, LTD.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Kymera International
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Makin Metal Powders (UK) Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 MITSUI MINING & SMELTING CO., LTD.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Sandvik AB
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 m-tec powder GmbH
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. MEA Atomizing Metal Powder Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. South Africa Atomizing Metal Powder Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 3. South Africa Atomizing Metal Powder Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. Saudi Arabia Atomizing Metal Powder Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 5. Saudi Arabia Atomizing Metal Powder Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. UAE Atomizing Metal Powder Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 7. UAE Atomizing Metal Powder Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Rest of MEA Atomizing Metal Powder Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 9. Rest of MEA Atomizing Metal Powder Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10. Glossary of Terms
LIST OF FIGURES
Figure 1. MEA Atomizing Metal Powder Market Segmentation
Figure 2. MEA Atomizing Metal Powder Market Segmentation – By Country
Figure 3. MEA Atomizing Metal Powder Market Overview
Figure 4. Atomizing Iron Powder Segment Held Largest Share of the Market in 2020
Figure 5. Rest of MEA Held Largest Share of the Market in 2020
Figure 6. Porter’s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Ecosystem: MEA Atomizing Metal Powder Market
Figure 9. MEA Atomizing Metal powder Market: Impact Analysis of Drivers and Restraints
Figure 10. MEA: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 11. MEA Atomizing Metal Powder Market Revenue Share, By Product (2020 and 2028)
Figure 12. MEA Atomizing Iron Powder: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. MEA Atomizing Copper Powder: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. MEA Atomizing Steel Powder: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. MEA Atomizing Aluminium Powder: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. MEA Others: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. MEA Atomizing Metal Powder Market Revenue Share, By Application (2020 and 2028)
Figure 18. MEA Metallurgy: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. MEA Coating and Decorations: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. MEA Electronic Materials: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. MEA Sintered Parts: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. MEA Diamond Cutting Tools: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. MEA Additive Manufacturing: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. MEA Others: Atomizing Metal Powder Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. MEA: Atomizing Metal Powder Market Revenue Overview, by Country (2020) (US$ Mn)
Figure 26. MEA: Atomizing Metal Powder Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. South Africa: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Saudi Arabia: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. UAE: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of MEA: Atomizing Metal Powder Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in MEA
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- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the atomizing metal powder market, as well as those hindering it
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