Atomizing Metal Powder Market to Reach USD 1.58 Bn by 2030 at 6.3% CAGR

Atomizing Metal Powder Market Poised for Robust Growth

The global atomizing metal powder market is on a significant growth trajectory, driven by increasing demand across various industries, including automotive, aerospace, and metallurgy. Valued at approximately US $ 1.03 Bn. in 2023, the market is projected to reach over US $ 1.58 Bn. by 2030, exhibiting a compound annual growth rate (CAGR) of 6.3% during the forecast period.

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Market Dynamics and Regional Insights

The rising adoption of powder metallurgy and additive manufacturing techniques has fueled the demand for atomized metal powders. These powders are essential in producing high-precision components with superior mechanical properties. Technological advancements in atomization processes have led to the production of finer and more uniform powders, enhancing their application scope.

Competitive Landscape

The atomizing metal powder market is characterized by strategic initiatives such as mergers, acquisitions, and partnerships aimed at consolidating market positions and expanding product portfolios. Companies are investing in research and development to innovate and meet evolving customer requirements.

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Regional Developments

United States: Growth Opportunities

In the United States, the market is experiencing growth due to advancements in additive manufacturing and increased demand for lightweight automotive components. Companies are expanding their production capacities to cater to the growing needs of the aerospace and defense sectors.

Asia Pacific: Emerging Trends

The Asia Pacific region is witnessing rapid industrialization, leading to increased demand for atomized metal powders in automotive and consumer electronics manufacturing. Countries like China and India are investing in infrastructure development, further propelling market growth.

Europe: Consolidation and Innovation

Europe remains a significant market for atomized metal powders, with a focus on sustainable manufacturing practices. Companies are engaging in mergers and acquisitions to strengthen their market presence and investing in eco-friendly production technologies.

Middle East and Africa: Growth Prospects

The Middle East and Africa are emerging markets for atomized metal powders, driven by the expansion of the construction and oil & gas industries. The adoption of advanced manufacturing technologies is expected to boost market growth in these regions.

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Market Segmentation: In-Depth Analysis:

by production method

Gas Atomization
Liquid Atomization
Plasma Atomization

In terms of production method, the liquid metal atomization production method accounted for 45.76% of the market in 2019 and is anticipated to continue to dominate for the duration of the projection. Better compacting is made possible by the smaller, cleaner, nonporous, and wider size range of liquid atomized particles. Typically, the particles created with this technique have a pear or spherical form. Although liquid atomization is less costly than the other techniques, its drawbacks include surface oxygen content, particle shape, and powder cleanliness.

by Product

Atomizing Iron Powder
Atomizing Copper Powder

by Application

Metallurgy Industry
Chemical Industry
Electronic Materials
Diamond Tools
Automotive Industry
Welding
3D Printing

Over the course of the projected period, the metallurgy application segment is anticipated to maintain its market share. The metallurgy sector uses atomized metal powders primarily for coating applications and product manufacture. The automobile application segment comes after the metallurgy application sector. The use of atomized metal powders in automotive components, including as the engine and chassis, is anticipated to increase due to the expansion of the automotive industry and the growing need for lightweight and highly durable parts.

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Learn about the top players driving innovation in the Market :

1. Höganäs AB (Sweden)
2. Sandvik AB (Sweden)
3. Hangzhou Yitong New Material Co., Ltd (China)
4. Kobe Steel Ltd (Japan)
5. JFE Steel Corporation (Japan)
6. Kymera International (US)
7. Makin Metal Powders (UK) Ltd (UK)
8. GKN Sinter Metals Engineering GmbH (US)
9. Mitsui Mining & Smelting Co., Ltd(Japan)
10. Laiwu Feilong Powder Metallurgy Co. Ltd
11. Pompton S.p.A.
12. SAFINA a.s.

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