Global Alloy Steel Powder Market Growth 2023-2029

Global Alloy Steel Powder Market Growth 2023-2029

The global Alloy Steel Powder market size is projected to grow from US$ 3492.4 million in 2022 to US$ 4023.6 million in 2029; it is expected to grow at a CAGR of 2.0% from 2023 to 2029.

Global 5 largest players of alloy steel powder are Dowlais, Höganäs, Kobe Steel, Sandvik AB and Shandong Luyin New Material, holding a total share over 50%.

North America, Europe, China and Japan are for major production regions of alloy steel powder, where China accounts for over 30%.

The largest geographic segment is APAC, with a market share about 50%.

There are two types of alloy steel powder by the content of alloy elements, including low-alloy steel powder and high-alloy steel powder. And the former is the leading product, with s share over 70%.

In terms of application, powder metallurgy and additive manufacturing are two main segments, in which powder metallurgy makes up over 75%.

Metal powder refers to a group of metal particles with a size less than 1mm, including single metal powder, alloy powder and certain refractory compound powders with metallic properties, and is the main raw material for powder metallurgy, metal injection molding, additive manufacturing.

Alloy steel is steel that is alloyed with a variety of elements to improve its mechanical properties. Common alloyants include manganese (the most common one), nickel, chromium, molybdenum, vanadium, silicon, and boron. Less common alloyants include aluminium, cobalt, copper, cerium, niobium, titanium, tungsten, tin, zinc, lead, and zirconium.

Alloy Steel Powder, is metal powder made from alloy steel, and the carbon content of iron powder is between 0.02% and 2.11%. There are two main manufacturing processes for alloy steel powder, such as such as atomized powder and reduced powder. Due to the good coactivity, high purity and high compressibility of atomized powder, it will have a huge market potential. Alloy steel powder is widely used in automobile, machinery, chemical industry, magnetic materials and others.

With the continuous improvement of powder metallurgy technology, the application field of powder metallurgy products is continuously expanded to the high-end market. With the rapid development of new energy vehicles, photovoltaics, wind power, energy storage, aerospace, communications, medical care and other emerging fields, the demand for customized and personalized new materials and components with high performance and low cost has increased significantly. The advancement of powder metallurgy technology can help the large-scale production of low-end homogeneous products to upgrade to the large-scale production of high-end customized products.

LPI (LP Information)' newest research report, the “Alloy Steel Powder Industry Forecast” looks at past sales and reviews total world Alloy Steel Powder sales in 2022, providing a comprehensive analysis by region and market sector of projected Alloy Steel Powder sales for 2023 through 2029. With Alloy Steel Powder sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Alloy Steel Powder industry.

This Insight Report provides a comprehensive analysis of the global Alloy Steel Powder landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Alloy Steel Powder portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Alloy Steel Powder market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Alloy Steel Powder and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Alloy Steel Powder.

This report presents a comprehensive overview, market shares, and growth opportunities of Alloy Steel Powder market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Low-alloy Steel Powder
High-alloy Steel Powder

Segmentation by application
Powder Metallurgy
Additive Manufacturing
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Dowlais Group
Höganäs
Kobe Steel, Ltd.
Sandvik AB
Shandong Luyin New Material Technology Co., Ltd.
Rio Tinto Group
JFE Steel Corporation
Daido Steel Co., Ltd.
AMETEK, Inc.
Wuhan Iron And Steel Co., Ltd.
Proterial, Ltd.
Carpenter Technology
Mitsubishi Steel Mfg. Co., Ltd.
KOS Ltd.
Hang Zhou Yitong New Materials Co., Ltd.

Key Questions Addressed in this Report

What is the 10-year outlook for the global Alloy Steel Powder market?

What factors are driving Alloy Steel Powder market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Alloy Steel Powder market opportunities vary by end market size?

How does Alloy Steel Powder break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.