Rising demand for steel powder in various end-use industries such as automotive, aerospace, and construction is expected to drive market growth. The increasing adoption of additive manufacturing technology in the production of complex components is also boosting the demand for steel powder. Additionally, the growing focus on reducing carbon footprint and energy consumption is driving the shift towards lightweight and durable materials like steel powder.
Industry
Report Coverage | Details |
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Segments Covered | Particle Size, Type , Production Method , Application |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | GKN Powder Metallurgy, Höganäs AB, Sandvik AB, Carpenter Technology, Rio Tinto Metal Powders, ATI Powder Metals, Voestalpine AG, AMETEK Specialty Metal Products, Praxair Surface Technologies, Kennametal, Metaldyne Performance Group, Erasteel, SLM Solutions Group AG, Miba AG, LPW Technology., |
High cost of production and limited availability of raw materials are major restraints for the steel powder market. The fluctuations in steel prices and stringent regulations related to the manufacturing processes are also hindering the market growth.