North America Atomizing Metal Powder Market

Market Introduction

The North American region consists of developed economies, including the U.S. and Canada, as well as Mexico, as a developing nation. In this region, the United States is a major market for atomizing metal powder, followed by Canada and Mexico. The atomizing metal powder market in the region is anticipated to be driven by the rising demand from end-use sectors and technological advancements. Besides, the growth of economy plays a vital role in bolstering the demand for atomizing metal powder in the North American market. The growing demand for powder metallurgy-produced components is also expected to drive the growth of the atomizing metal powder market. Also, the rising demand for atomizing metal powder from various end-use industries, especially the automotive, electronics, aerospace & defense sector is further predicted to drive the market growth. For instance, Kymera International offers air atomized copper powder which finds applications such as friction for brake pads in automobiles, bi-metallic bearings for automotive, brazing, porous metal filtration, PM parts, thermal spray coatings, synthetic industrial diamond manufacturing, and others. Growing use of powder metallurgy in the automotive industry and rising use of atomizing metal powder in surface coating process are the major factor driving the growth of the North America atomizing metal powder market.

North America, especially the US, has been severely affected by the COVID-19 pandemic. The significant disruption in manufacturing, along with raw material sourcing, has had a negative impact on the demand for atomizing metal powder in the region. The market for atomizing metal powder has been impacted in the region due to distortion in the supply of raw materials and limited operational efficiencies. This has negatively impacted various industries especially, the powder metallurgy industry, as the automotive industry, the primary consumer of powder metallurgy parts, came to a standstill. The powder metallurgy industry in North America has experienced a decline in the production and sales of metal powders, equipment, and parts. Most of the iron powder shipped in the region is used for engine and light trucks parts. However, the market is reviving on account of the government's significant measures, such as vaccination drives. With the state of economic recovery, several industrial sectors are strategically planning to invest in advanced products to maximize revenue. The companies providing equipment for sintering and brazing have experienced a surge in demand for standardized equipment as more mid-sized companies recover from pandemic-related disruptions. Many players are resuming pre-COVID investment plans as businesses gain confidence in stabilizing economies and anticipate increased demand. This is expected to provide the impetus for market growth. 

North America Atomizing Metal Powder Strategic Insights

Strategic insights for the North America 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.

North America Atomizing Metal Powder Report Scope

North America Atomizing Metal Powder Regional Insights

The geographic scope of the North America 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 North America atomizing metal powder market is expected to grow from US$ 102.12 million in 2021 to US$ 131.99 million by 2028; it is estimated to grow at a CAGR of 3.7% from 2021 to 2028. Additive manufacturing is one of the most important application fields of atomizing metal powders. Currently, many start-up companies are focusing on metal powder production and alloy development for additive manufacturing. These companies are making efforts to fundraise, innovate, and redefine the industry status quo. The start-ups have a unique value proposition and a sophisticated approach to value chain positioning. A few start-ups are focusing on additive manufacturing-processable alloy development to expand the limited options in additive manufacturing. Start-ups are stronger indicators for developing technological trends and recognizing tomorrow’s mainstream market prospect in quickly rising technology industries, such as additive manufacturing. Players operating in the market are focusing on additive manufacturing-specific metal powders. Sandvik AB is increasing its focus on materials for additive manufacturing, especially nickel-based alloys. The company delivers very low oxygen and nitrogen powders ideal for the energy sectors, which provides exceptionally high mechanical properties for hot isostatic pressing and additive manufacturing.  Sandvik AB has also invested in additive manufacturing, including a research and development team working on different metal powders. The company is trying to develop unique types of products, especially additive manufacturing. Thus, increasing additive manufacturing-specific metal powder atomization, coupled with the growing efforts from the market players, offers lucrative growth opportunities for the growth of the North America atomizing metal powder market.

Key Market Segments

In terms of product, the atomizing iron powder segment accounted for the largest share of the North America atomizing metal powder market in 2020. In terms of application, the coating and decorations segment held a larger market share of the North America 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 North America 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.; and Sandvik AB among others. 

Reasons to buy report

• To understand the North America 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 North America atomizing metal powder market
• Efficiently plan M&A and partnership deals in North America 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 North America atomizing metal powder market  
• Obtain market revenue forecast for market by various segments from 2021-2028 in North America region. 

North America Atomizing Metal Powder Market Segmentation

North America Atomizing Metal Powder Market - By Product

• Atomizing Iron Powder
• Atomizing Copper Powder
• Atomizing Steel Powder
• Atomizing Aluminium Powder
• Others

North America Atomizing Metal Powder Market -

By Application

• Metallurgy
• Coating and Decorations
• Electronic Materials
• Sintered Parts
• Diamond Cutting Tools
• Additive Manufacturing
• Others

North America Atomizing Metal Powder Market - By Country

• US
• Canada
• Mexico

North America 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.
• Sandvik AB