The atomizing metal powder market was valued at US$ 919.26 million in 2021 and is projected to reach US$ 1,400.67 million by 2028; it is expected to grow at a CAGR of 6.2% from 2021 to 2028.
Metal powders can be manufactured using various processes such as atomization, chemical synthesis, electrolysis, and solid-state reduction. Out of these processes, atomization is a dominant method to produce metal and pre-alloyed powders, such as iron, Aluminium, copper, steel, bronze, and tin. The technique uses high pressure fluid jets to disperse molten metal stream into fine droplets, which then solidifies into fine particles. There are various types of atomization processes, such as water atomization, gas atomization, centrifugal atomization, and ultrasonic atomization. Water and gas atomization are popular and commercially used processes owing to their cost efficiency and easy availability.
Atomizing metal powder has wide applications in metallurgy, coating, and decorations, additive manufacturing, and sintered parts. The various kinds of metal powders are used as bonding agents in the fabrication of diamond cutting and grinding tools. Moreover, the increasing use of additive manufacturing is driving growth in the growth of the atomizing metal powder market
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Atomizing Metal Powder Market: Strategic Insights
Market Size Value in US$ 919.26 million in 2021 Market Size Value by US$ 1,400.67 million by 2028 Growth rate CAGR of 6.2% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Atomizing Metal Powder Market: Strategic Insights
| Market Size Value in | US$ 919.26 million in 2021 |
| Market Size Value by | US$ 1,400.67 million by 2028 |
| Growth rate | CAGR of 6.2% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Asia Pacific is anticipated to hold the largest share of the atomizing metal powder market during the forecast period. By country, the market in Asia Pacific is segmented into China, India, Japan, South Korea, Australia, and Rest of Asia Pacific. These countries are witnessing surging urbanization and increasing manufacturing industries coupled with growing industrialization, which offers ample opportunities for key players in the atomizing metal powder market. Rising foreign direct investments also lead to economic growth in the region. The growing uses of atomizing metal powders in numerous applications, such as metallurgy, coating & decorations, electronic materials, sintered parts, and diamond cutting tools, propel the demand for atomizing metal powders in Asia Pacific.
The ongoing COVID-19 pandemic has drastically altered the status of the chemicals & materials sector and negatively impacted the growth of the atomizing metal powder market.The implementation of measures to combat the spread of the virus has aggravated the situation and has impacted the growth of several sectors. Industries, such as automotive, and electronics, have been hampered by the sudden distortion in operational efficiencies and disruptions in the value chains due to the sudden closure of national and international boundaries. The significant decline in the growth of the several industrial sectors reduced the demand for atomizing metal powder in the global market. The pandemic also impacted the powder metallurgy sector. Many parts producers and powder makers from the powder metallurgy sector have had to cut back and adjust their operations owing to the reduced demand from the market. The shortage of raw materials in the automotive industry has adversely affected the performance of the powder metallurgy sector and reduced the demand for atomizing metal powders. However, as the economies are planning to revive their operations, the demand for atomizing metal powder is expected to rise globally in the coming years. Additive manufacturing is widely used in the medical device industry. With the economic challenges posed by the COVID-19 pandemic, the importance of 3D printing is growing. The companies operating in the powder metallurgy business are coming on track as supply constraints affecting the automotive industry are being resolved gradually. The expanding demand for atomizing metal powder in various applications, such as sintered parts, powder metallurgy, and additive manufacturing, and significant investments by prominent manufacturers are expected to drive the growth of the atomizing metal powder market during the forecast period.
Geographic Overview of Atomizing Metal Powder Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Extensive Use of Atomizing Metal Powder in Surface Coating Process
Surface coating is a cost-effective way to achieve high-performance characteristics on exposed surfaces. There are diverse applications of atomized metal powders in the surface coating process. Metal powders are used for coating or layering purposes of industrial products. A wide range of pure metal powders is used for coatings for buildup repair and coatings that protect the product from high temperature and oxidation. Metal powder coating is used to render the metallic surface strong, resilient, and acquire other properties of relevance. These metal powders offer a proven cost-effective method to enhance both the performance and endurance of components in a high-wear and corrosive environment. The different types of metal powders such as nickel, cobalt, and iron are used in surface coatings. In the surface coating process, iron powder is used to deposit a layer of fine-grained particles of the metal. Iron powder is used for surface coating of objects exposed to high temperatures. Such coating is utilized to improve the resilience and wear resistance of high-speed moving parts in engineering processes, such as engine valves, steel rollers, printing rollers, and glass bottle manufacturing molds. The use of a high-quality iron coating on the surface increases the durability of the surface. The thermal surface coating can also enhance the performance of the part or assembly. Also, iron powder manufacturers offer specialty grades of materials to fit various coating techniques. The metal powder sector is expanding and seeking new market opportunities. Players operating in the market are also offering standard and custom powders that deliver the coating properties for specific application demands. In important end-use sectors, such as aerospace and oil & gas, the demand for innovative surface coating technologies is constantly expanding. Furthermore, industries are increasingly adopting atomized metal powder for surface coating since it is a cost-effective and efficient technique. Thus, the extensive use of atomizing metal powder in surface coating boosts the growth of the atomizing metal powder market.
Product Insights
Based on product, the global atomizing metal powder market is segmented into atomizing iron powder, atomizing copper powder, atomizing steel powder, atomizing Aluminium powder, and others. The atomizing iron powder segment is anticipated to hold the largest share of the market during the forecast period. Atomizing iron powders have high purity resulting in high compressibility and high sintered density. These types of powders have irregular particle shapes providing excellent green strength. Atomizing iron powder finds applications in making sintered parts, stainless steel cutting, diamond tools, and welding electrodes. Iron powder is the main material used to create sintered parts and products. The sintered parts are mainly used in electrical machinery, power tools, and in the automotive industry. In the manufacturing of machine parts that require strong components, the high purity water atomized iron powder is used. In the diamond tool industry, fine mesh iron powder is used. The powder is used as an important constituent in cored wires. It is also used as a coating component for coated welding electrodes. Water atomized iron powder can be mixed with nickel powder, copper powder, and other metal powders to provide specific properties to the final product. The rising demand for atomizing iron powders for various applications drives the growth of the atomizing metal powder market.
Application Insights
Based on application, the global atomizing metal powder market is segmented into metallurgy, coating and decorations, electronic materials, sintered parts, diamond cutting tools, additive manufacturing, and others. The coating and decorations segment is anticipated to hold the largest share of the market during the forecast period. Atomizing metal powders are used for coating or layering purposes of industrial products. The powders offer a proven, cost-effective method to enhance the performance and endurance of components in a high-wear and corrosive environment. The metal powders of nickel, cobalt, and iron are used in surface coatings. Cost-effective materials, such as copper, tin, and bronze alloys, are used to produce a durable metallic finish on surfaces. Copper, tin, and bronze alloys are malleable and corrosion-resistant and have a lustrous finish. Therefore, they are used in the fabrication of costume jewelry. Moreover, copper and tin powders are used in cosmetic packaging.
Global Atomizing Metal Powder Market, by Application – 2020 and 2028
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Höganäs AB; JFE GROUP; Sandvik AB; GKN Sinter Metals Engineering GmbH; Advanced Technology & Materials Co., Ltd; KOBE STEEL, LTD.; Kymera International; Makin Metal Powders (UK) Ltd; MITSUI MINING & SMELTING CO., LTD.; Pometon S.p.A.; and m-tec powder GmbH are among the well-established players in the global atomizing metal powder market. Companies in the market are adopting strategies such as product developments, plant expansions, and mergers and acquisitions to expand their footprint worldwide and meet the growing demand from end users. For instance, in 2021, m-tec powder GmbH invested in the manufacturing capacity of Aluminium powder in KwaZulu Natal, South Africa. The company is growing the capacity of its Aluminium atomizer in the South African province of KwaZulu Natal.
Report Spotlights
- Progressive industry trends in the global atomizing metal powder market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the global atomizing metal powder market from 2019 to 2028
- Estimation of the demand for atomizing metal powder across various industries
- Recent developments to understand the competitive market scenario and the demand for atomizing metal powder
- Market trends and outlook coupled with factors driving and restraining the growth of the atomizing metal powder market
- Decision-making process by understanding strategies that underpin commercial interest with regard to the global atomizing metal powder market growth
- Atomizing metal powder market size at various nodes of the market
- Detailed overview and segmentation of the global atomizing metal powder market as well as its dynamics in the industry
- Atomizing metal powder market size in various regions with promising growth opportunities
Atomizing Metal Powder Market, by Product
- Atomizing Iron Powder
- Atomizing Copper Powder
- Atomizing Steel Powder
- Atomizing Aluminium Powder
- Others
Atomizing Metal Powder Market, by Application
- Metallurgy
- Coating and Decorations
- Electronic Materials
- Sintered Parts
- Diamond Cutting Tools
- Additive Manufacturing
- Others
Atomizing Metal Powder Market, by Geography
- North America
- Europe
- Asia-Pacific (APAC)
- Middle East & Africa (MEA)
- South and Central America (SAM)
Company Profiles
- Höganäs AB
- JFE GROUP
- Sandvik AB
- GKN Sinter Metals Engineering GmbH
- Advanced Technology & Materials Co., Ltd
- KOBE STEEL, LTD.
- Kymera International
- Makin Metal Powders (UK) Ltd
- MITSUI MINING & SMELTING CO., LTD.
- Pometon S.p.A.
- m-tec powder GmbH
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the global atomizing metal powder market are Höganäs AB; JFE GROUP; Sandvik AB; GKN Sinter Metals Engineering GmbH; Advanced Technology & Materials Co., Ltd; KOBE STEEL, LTD.; Kymera International; Makin Metal Powders (UK) Ltd; MITSUI MINING & SMELTING CO., LTD.; Pometon S.p.A.; m-tec powder GmbH and many others.
In 2021, Asia Pacific held the largest revenue share of the global atomizing metal powder market. The Asia Pacific is a lucrative market for atomizing metal powder due to the rapidly evolving automotive industry. The countries from the region are witnessing an upsurge due to growth in urbanization, increasing manufacturing industries coupled with growing industrialization which offers ample opportunities for key market players in the atomizing metal powder market. Moreover, the growing number of atomizing metal powders uses in numerous applications including metallurgy, coating & decorations, electronic materials, sintered parts, etc. is anticipated to increase the atomizing metal powder demand in the Asia Pacific region.
The atomizing iron powder segment held the largest share of the global atomizing metal powder market in 2021. Atomizing iron powders have high purity resulting in high compressibility and high sintered density. These types of powders have irregular particle shapes providing excellent green strength. Atomizing iron powder are used in various applications including, sintered parts, stainless steel cutting, diamond tools, and welding electrodes. The rising demand for atomizing iron powders for various applications drives the growth of the atomizing metal powder market.
The coating and decorations segment led the global atomizing metal powder market in 2021. Atomizing metal powders are used for coating or layering purposes of industrial products. The powders offer a proven, cost-effective method to enhance the performance and endurance of components in a high-wear and corrosive environment. The metal powders of nickel, cobalt, and iron are used in surface coatings. Copper, tin, and bronze alloys are malleable and corrosion-resistant and have a lustrous finish. Therefore, they are used in the fabrication of costume jewelry. Moreover, copper and tin powders are used in cosmetic packaging.
The atomizing aluminum powder segment is the fastest growing segment in the global atomizing metal powder market during the forecasted period. Atomizing Aluminum powder is used various applications, such as additive manufacturing, brazing, oilfield drilling, mining and drilling explosives, refractory for steel and cement plants. The course atomizing Aluminum powder is used in thermite welding, sintering applications, and chemicals reactions. Aluminum powder metallurgy parts are becoming popular in the automotive industry.
Asia Pacific is estimated to register the fastest CAGR in the global atomizing metal powder market over the forecast period. The Asia Pacific is a lucrative market for atomizing metal powder due to the rapidly evolving automotive industry. Moreover, the growing number of atomizing metal powders uses in numerous applications including metallurgy, coating & decorations, electronic materials, sintered parts, etc. is anticipated to increase the atomizing metal powder demand in the Asia Pacific region.
The List of Companies - Atomizing Metal Powder Market
- Höganäs AB
- JFE GROUP
- Sandvik AB
- GKN Sinter Metals Engineering GmbH
- Advanced Technology & Materials Co., Ltd
- KOBE STEEL, LTD.
- Kymera International
- Makin Metal Powders (UK) Ltd
- MITSUI MINING & SMELTING CO., LTD.
- Pometon S.p.A.
- m-tec powder GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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