The MEA atomizing metal powder market is expected to grow from US$ 41.42 million in 2021 to US$ 49.04 million by 2028; it is estimated to grow at a CAGR of 2.4% from 2021 to 2028.
The UAE, Saudi Arabia, and South Africa are major economies in MEA. Atomization is the most common method for producing metal powders. A variety of industrial and research approaches are included in the general types of atomization procedures. There are numerous processes in producing atomized powders, each subjecting to a metal powder to different processing regimes. As a result, it becomes very crucial to match powder properties to a specific application or equipment. Moreover, there is an increasing emphasis on atomizing equipment to produce dedicated additive manufacturing powders to meet customer requirements around morphology, purity, and particle size distribution. Many manufacturers in the market also focus on offering standard and custom metal powders that deliver qualities, which meet the needs of customers for specific applications. Thus, growing importance of standard and customized powders for specific application will provide more growth opportunities for the MEA market growth.
In case of COVID-19, MEA is highly affected especially South Africa. The COVID-19 pandemic has had a severe impact on the economy of the MEA which has led to a decline in oil production, tourism, and remittances. The MEA region comprise many growing economies, which are prospective markets for atomizing metal powder vendors. The pandemic has significantly slowed down the growth of atomizing metal powder market in the region due to negative impact upon the growth of industries such as automotive, and others. The COVID-19 workforce reductions have affected many companies’ ability to efficiently operate production. Despite the Covid-19 pandemic, companies are sticking to their investment plans. For instance, m-tec powder GmbH has invested further production capacity of Aluminium powder in South Africa. The company has invested to meet the increasing demand for Aluminium powders in South Africa and other regions.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA atomizing metal powder market. The MEA atomizing metal powder market is expected to grow at a good CAGR during the forecast period.
MEA Atomizing Metal Powder Market Segmentation
MEA Atomizing Metal Powder Market –
By Product
- Atomizing Iron Powder
- Atomizing Copper Powder
- Atomizing Steel Powder
- Atomizing Aluminium Powder
- Others
MEA Atomizing Metal Powder Market –
By Application
- Metallurgy
- Coating and Decorations
- Electronic Materials
- Sintered Parts
- Diamond Cutting Tools
- Additive Manufacturing
- Others
MEA Atomizing Metal Powder Market, by Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Atomizing Metal Powder Market - Companies Mentioned
- GKN Sinter Metals Engineering GmbH
- Höganäs AB
- JFE GROUP
- KOBE STEEL, LTD.
- Kymera International
- Makin Metal Powders (UK) Ltd
- MITSUI MINING & SMELTING CO., LTD.
- m-tec powder GmbH
- Sandvik AB
Middle East and Africa Atomizing Metal Powder Report Scope
| Report Attribute |
Details |
| Market size in 2021 |
US$ 41.42 Million |
| Market Size by 2028 |
US$ 49.04 Million |
| Global CAGR (2021 - 2028) |
2.4% |
| Historical Data |
2019-2020 |
| Forecast period |
2022-2028 |
| Segments Covered |
By Product - Atomizing Iron Powder
- Atomizing Copper Powder
- Atomizing Steel Powder
- Atomizing Aluminium Powder
By Application - Metallurgy
- Coating and Decorations
- Electronic Materials
- Sintered Parts
- Diamond Cutting Tools
- Additive Manufacturing
|
| Regions and Countries Covered |
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
|
| Market leaders and key company profiles |
GKN Sinter Metals Engineering GmbH
H |