Steel Powder Market to Witness Robust Expansion by 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Steel Powder market.

Steel Powders include stainless steel powder, alloy steel powder, and general steel powder. Steel Powders are widely used in machinery, aerospace, chemical industry, powder metallurgy, magnetic materials, and others.

Currently, the global steel powder production is in a state of steady growth, at present, the main producing areas in Europe, United States, China and Japan, where the United States in the first row with 394K MT. Overall, the Steel Powder products performance is positive with the global economic recovery.

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Global Steel Powder Market: Forecast by Type / Application / Region

The technical barriers of Steel Powder are not high, and the Steel Powder production concentrated large companies including Höganäs, Rio Tinto, AK Steel Holding, KOBELCO, Metal Powder Products, Sandvik, Laiwu Iron&Steel Group, Jiande Yitong, Wuhan Iron&Steel Group, and others. At present, the gap in product quality domestic and imported steel powder is still significant. China still needs to import large quantities of high-end products, at present, product from Höganäs occupies high market share in China.

Steel Powder are widely used in Automobile, Machinery, Aerospace, Chemical industry, and others. In 2014, consumption in Automotive and Automotive Components, Machinery, occupies more than half of Steel Powder amount. Among them, aerospace industry and magnetic materials need high-end products, and have high price.

As the demand increases rapidly for downstream industries, the demand for Steel Powder will correspondingly increase. The increased consumption of Steel Powder is expected to continue during the remaining years of the forecast period of 2017-2022. Steel Powder industry will usher in a stable growth space.

In the past few years, the price of Steel Powder gradually decreased and expected the price will not increase with the production released. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of Steel Powder. Therefore, to some extent, the companies face the risk of profit decline.

There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability, such as Höganäs. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The competition in Steel Powder market will become more intense.

Over the next five years, LPI(LP Information) projects that Steel Powder will register a 1.8% CAGR in terms of revenue, reach US$ 4380 million by 2023, from US$ 3930 million in 2017.

Global Steel Powder Market: Key Players
Höganäs
Rio Tinto
AK Steel Holding
KOBELCO
Metal Powder Products
Sandvik
Pellets
Daido Steel
AMETEK
Carpenter Technology
Pometon Powder
NANOSTEEL
Laiwu Iron&Steel Group
Jiande Yitong
Wuhan Iron&Steel Group
Ma Steel
Haining Feida

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Related Information:
United States Steel Powder Market Research Report 2018
Europe Steel Powder Market Research Report 2018
North America Steel Powder Market Research Report 2018
Asia-Pacific Steel Powder Market Research Report 2018
China Steel Powder Market Research Report 2018
EMEA Steel Powder Market Research Report 2018
Global Steel Powder Market Research Report 2018

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