Atomizing Metal Powder Market

The global atomizing metal powder market is projected to witness healthy growth during the forecast period, 2019–2026. The market was valued at USD 2,429.49 million in 2018 and is projected to register a CAGR of 6.91% to reach USD 4,134.97 million by the end of 2026. In terms of volume, the market was sized at 526.90 kilotons in 2018 and is likely to exhibit a CAGR of 5.69% to reach 817.97 kilotons by the end of 2026. The increasing demand for atomizing metal powder in the end-use industries including automotive, aerospace, and electronics is the major factor projected to boost the growth of the global atomizing metal powder market. The growth of the market is driven by the increasing application of atomizing metal powder in various industries, due to its widespread application in the surface coating process, which helps to operate in extreme conditions. Furthermore, the growing adoption of atomizing metal powder in the 3D printing process coupled with the usage of the 3D printing process in the end-use industries is likely to create growth opportunities for the market players during the forecast period. However, the fluctuating prices of raw materials such as iron ore and other metals is the major factor projected to hamper the global market growth during the forecast period.

According to Wantstats analysis, the global atomizing metal powder market has been segmented based on type, application, and region. Based on type, the global market has been divided into atomizing copper powder, atomizing iron powder, and others. The atomizing iron powder segment accounted for the largest share of 64.90% in 2018 due to its high consumption in the automotive industry. The segment was valued at USD 1,576.81 million in 2018; it is expected to register a CAGR of 7.44% to reach USD 2,792.01 million by the end of 2026. In terms of volume, the segment was sized at 390.52 kilotons in 2018 and is projected to exhibit a CAGR of 5.92% to reach 617.09 kilotons by the end of 2026.

By application, the global atomizing metal powder market has been classified into metallurgy industry, chemical industry, electronic materials, diamond tools, welding, 3D printing, and others. The metallurgy industry segment dominated the global atomizing metal powder market with a market share of 34.23% by value in 2018 due to their growing usage of atomizing metal powder in metallurgy industry, which also helps the producers to build better and stronger components along with unique characteristics in the end-use industries. The segment was valued at USD 831.67 million in 2018; it is expected to register a CAGR of 7.28% to reach USD 1,455.33 million by the end of 2026. In terms of volume, the segment was sized at 178.10 kilotons in 2018 and is projected to exhibit a CAGR of 6.04% to reach 283.94 kilotons by the end of 2026.

The North America market held the largest share of 40.74% in 2018 due to the rapid growth of the automotive and transportation industries coupled with the growth of electronics manufacturing plants and facilities. The market was valued at USD 989.76 million in 2018 and is expected to exhibit a CAGR of 7.18% to reach USD 1,718.49 million by the end of 2026. In terms of volume, the regional market was sized at 207.07 kilotons in 2018 and is projected to register a CAGR of 5.79% to reach 324.08 kilotons by the end of 2026.