Atomizing Metal Powder Market Size, Share, Sales, Revenue 2021 | Movements by Development Analysis, Progression Status, Revenue Expectation to 2026, Research Report

Global Atomizing Metal Powder Market: Information by Product (Atomizing Iron Powder, Atomizing Copper Powder), Application (Metallurgy Industry, Chemical Industry, Electronic Materials, Diamond Tools, Welding, 3D Printing) and Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) – Forecast till 2026

Market Analysis

Atomizing Metal Powder Market is projected to register a healthy CAGR of 6.91% to reach a market value of over USD 4,100 Million by the end of 2026. Metal powders are metal particles with size less than 1,680 micrometers and have a high surface area to mass ratio. They are generally produced by four main processes, namely atomization, chemical, electrolysis, and solid-state reduction. Atomization is the most commonly used production method for metal powders. The process generally consists of three stages, namely melting, dispersion of the melt into droplets, and solidification and cooling. The two major types of atomization used for metal powder production are gas and liquid atomization. The metallurgy industry is the largest consumer of atomized metal powders, wherein these powders are widely used in various powder metallurgy processes.

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Powder metallurgy (PM) is recognized as a green and sustainable manufacturing technology to produce finished components in the automotive industry. The snowballing use of PM over the traditional processes (such as machining, casting, and extrusion) is mainly attributed to the substantial cost savings, high dimensional accuracy, good part-to-part reproducibility, minimal post-processing, dimensional freedom, and compositional complexity obtainable using the PM process. With the growing automotive industry and growing use of powder metallurgy in the automotive industry, the demand for atomized metal powders is expected to increase substantially in the coming years. The protuberant factors favouring the global market growth are increasing demand for powder metallurgy in the automotive industry and diverse applications served by atomized metal powders in the surface coating process.

The growth of the automotive industry coupled with the rising demand for lightweight and high strength components is expected to boost the application of atomized metal powders in automobile components including engine and chassis. Moreover, the demand for advanced surface coating technologies is constantly increasing in major end-use industries such as aerospace, steel, oil & gas, and power. Atomized metal powders are majorly used in the metallurgy industry in the manufacturing of various products and coating applications. The automotive industry recently is facing a challenge of procuring components that are light in weight, exhibit high durability and reliability, and offer superior performance to produce comfortable and safe vehicles at a low cost.

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PM is a green and energy-saving process, offering improved performance and greater design flexibility and helps to achieve the changing needs and demand from existing and potential customers of automobile manufacturers while maintaining higher value than competing material technologies. The application areas include windshield wipers, connecting rods, valves, fuel injection components, actuators, heaters, gear parts, lightning systems, brake systems, window lifter, sensors, battery, transmission, and shock absorber parts. Thus, the growing automotive industry and increasing demand for atomized metal powders in the powder metallurgy processes for manufacturing lightweight automobile components are expected to be the major factors driving the global market growth. However, the fluctuations in the prices of iron ore, the major raw material, is expected to be the key factor hampering the market growth. Nevertheless, the robust demand for atomized metal powders in 3D printing applications is assumed to be a major aspect providing a thrust to the market growth in the years to follow.

d greater design flexibility and helps to achieve the changing needs and demand from existing and potential customers of automobile manufacturers while maintaining higher value than competing material technologies. The application areas include windshield wipers, connecting rods, valves, fuel injection components, actuators, heaters, gear parts, lightning systems, brake systems, window lifter, sensors, battery, transmission, and shock absorber parts. Thus, the growing automotive industry and increasing demand for atomized metal powders in the powder metallurgy processes for manufacturing lightweight automobile components are expected to be the major factors driving the global market growth. However, the fluctuations in the prices of iron ore, the major raw material, is expected to be the key factor hampering the market growth. Nevertheless, the robust demand for atomized metal powders in 3D printing applications is assumed to be a major aspect providing a thrust to the market growth in the years to follow.

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Market Segmentation

Based on type, the Global Atomizing Metal Powder Market has been segmented into atomizing iron powder, atomizing copper powder, and others. Among these, the atomizing iron powder segment prevailed as the leading type segment with a market share of around 65% in the year 2018. The atomized iron powder is used in an array of applications including friction materials and products (brake pads, drum brake lining); sintered parts, products, and components; and brazing and welding services. By application, the global atomizing metal powder market has been divided into the metallurgy industry, chemical industry, electronic materials, diamond tools, welding, 3D printing, and others. Among these segments, the metallurgy industry segment held the largest market share of over 34% in the year 2018 owing to the widespread use of atomized metal powders in the manufacturing of complex and high strength components for automobiles, aircraft, and consumer goods.

Regional Analysis

The Global Atomizing Metal Powder Market has been studied with respect to five key regions, namely North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The North American market accounted for the largest share of the global market in 2018 owing to the wide base of the automotive industry in the US and the presence of automotive OEMs in the region. In addition, the expanding market for additive manufacturing in the US is further expected to support the demand for atomizing metal powder in the region over the next decade. The Asia-Pacific market held a relatively smaller share of the global market in 2018; however, is projected to register the highest CAGR during the forecast period.

This is mainly attributed to the expanding automotive industry in the emerging economies of China and India, as well as in the established market in Japan. These country-level markets are expected to witness high investments in the aviation sector, for instance, the Indian aviation sector is likely to witness investment of around USD 15 Billion during 2018–2022. This, in turn, is expected to fuel the demand for atomizing metal powders during the forecast period.

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Major Players

The Prominent Players in the Global Atomizing Metal Powder Market are Höganäs AB (Sweden), Sandvik AB (Sweden), Hangzhou Yitong New Material Co., Ltd (China), Kobe Steel Ltd (Japan), JFE Steel Corporation (Japan), Kymera International (US), Makin Metal Powders (UK) Ltd (UK), GKN Sinter Metals Engineering GmbH (US), Mitsui Mining & Smelting Co., Ltd(Japan), Laiwu Feilong Powder Metallurgy Co. Ltd (China), Pompton S.p.A. (Italy), and SAFINA a.s. (Czech Republic), among others.

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