Steel Powder Market Size, Analysis, and Forecast Report 2019-2029

Steel Powder Market Size, Analysis, and Forecast Report 2019-2029

Fact.MR recently published a market study on the global Steel Powder Market. The study provides detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the Steel Powder Market structure. It also presents exclusive information about how the Steel Powder Market will grow during the forecast period of 2019-2029.

Steel powder market will be extensively driven by powdered metallurgy, additive manufacturing and relatively new technologies like MIM and DeD.”

Steel Powder Market: Introduction

Fine pieces of metals such as aluminium, nickel, steel, and copper to name a few are known as metal powders. Steel powders are typically less than 1,680 micrometers in size, and high surface area to mass ratio.  Steel powder is a type of metal powder which find its use in aerospace, automotive and machinery. Steel powder find’s its application in resin & paint additives, interconnectors, powder metallurgy among others. Steel powder is majorly produced by physical or mechanical methods but there are four main methods of production of steel powder chemical, atomization, electrolysis and solid-state reduction. Steel powder includes stainless steel, alloy and general steel powder. Steel powder are used for various applications such as MIM, 3D-Printing, Additive Manufacturing, Powder Metallurgy and others.

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Steel Powder Market: Dynamics

Additive manufacturing is a process of combing materials to make objects from 3D data. 3-D Printing is imprinting of excellent shades in the manufacturing sector where steel powder is an important component among other powder metals. Additive manufacturing is currently popular in the medical sector, as to make precise medical equipment and machinery using metal powders such as steel powder, nickel powder to name a few. The primary application of steel powder in additive fabrications are design/modeling, function prototyping, and direct part production. Steel powder used in additive manufacturing is changing the world by how manufacturers design articles in low span of time. Additive manufacturing will drive the steel powder market heavily for a longer run.

Food and Drug Administration approved spinal implants made with 3-D prints, such innovations and use of certain technologies will guide the Steel powder market as developments in the healthcare sector is always a positive sign for the steel powder market. Steel powder market and other metal powders markets will see a rise due to the healthcare sector.

Direct metal deposition (DeD) technology is an up and coming aspect which will accelerate the steel powder market, as it is used to provide various layers on freshly manufactured parts. In this lieu, the automotive and aerospace industry find use of steel powder quite compelling. The direct metal deposition technology and other similar technologies help multiple other sectors. Thus, the integration of these technologies with metal power is paving the growth path for the global market.

Technologies like MIM which are at a nascent stage, where a metal powder is mixed with binder material to create a feedstock, this technology relies on steel powder as raw material. Steel powder and other metal powder are used to create feedstock for processes like additive manufacturing. This may help propel the steel powder market to a certain extent.

Steel powder market will be extensively driven by powdered metallurgy, additive manufacturing and relatively new technologies like MIM and DeD.

Steel powder stands at cheaper raw material line in certain regions and are extensively used in powdered metallurgy for multiple processes.

Chronic inhalation of finely divided steel and iron powder may cause iron poisoning and the powder can also deposit in the body tissue. The injection of steel powder may cause vomiting, diarrhea and even liver damage.

Steel Powder Market: Segmentation

The Global Market of Steel Powder can be segmented by: End Use

  • Machinery & Equipment
  • Automotive industry
  • Aerospace
  • Chemical Industry

The Global Market of Steel Powder can be segmented by: Type

  • Atomized Powder
  • Reduced Powder

The Global Market of Steel Powder can be segmented by: Application

  • Powder Metallurgy
  • MIM
  • Additive Manufacturing
  • Others

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Steel Powder MarketRegional Outlook

Steel Powder market and metal powder market is widely spread throughout the globe as they find application in multiple fields which are common and are followed extensively by developed and developing countries. Countries in the Asia-Pacific such as China and India have prominent foothold on the steel powder market comparative to the North-American region.

The rise in technology and improvement in existing technology in countries like Japan and U.S., the requirement of steel powder is increasing. The growing inclination of better technologies in healthcare in the North America will propel the steel powder market in those regions. Africa is expected to witness sluggish growth during the forecast period. With significant presence of the healthcare industry in the North America region this will drive the steel powder market.

Steel Powder Market: Key participants

Examples of some of the market participants operating in the global Steel Powder market are:

Rio Tinto Plc, Sandvik AB, CNPC Powder Metal, AMG Advanced Metallurgical Group, Hoganas AB and others.

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