Global Steel Powder Sales Volume Increased From 1241.5 K MT In 2013 To 1461.2 K MT In 2017
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Currently, steel powder producers are mainly concentrated in China, Europe, Japan and North America. The main market players are Hoganas, GKN (Hoeganaes), Rio Tinto Metal Powders, Laiwu Iron&Steel Group, Kobelco, Jiande Yitong, etc. The sales volume of steel powder increased from 1241.5 K MT in 2013 to 1461.2 K MT in 2017, with an average growth rate of 4.16%.
In consumption market, the growth rate of global consumption is smooth relatively. China, North America and Europe are still the mainly consumption regions due to the advanced production technology and rapid development of economy. North America and Europe are the dominate consumer of steel powder, occupied about 41.57% of the total amount, and the consumption volume is 607.4 MT in 2017.
Steel powder has two major types, 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. Steel powder is widely used in automobile, machinery, chemical industry, magnetic materials and others. 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 next five years. Iron powder industry will usher in a stable growth space.
The major raw material for steel powder is steel ore. On the global market, supply of raw materials is full. The production is mainly concentrated in China and Australia. Fluctuations in the price of the upstream product will impact on the production cost of steel powder industry.