Atomizing Metal Powder Market

Global Atomizing Metal Powder Market Overview

Atomizing Metal Powder Market Size was valued at USD 3.52 Billion in 2023. The Atomizing Metal Powder market industry is projected to grow from USD 3.76 Billion in 2024 to USD 6.02 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.05% during the forecast period (2024 - 2032). increased use of powder metallurgy in the automotive industry and increased demand for atomized metal powders in the metallurgy sector are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Atomizing Metal Powder Market Trends

• Growing use in additive manufacturing is driving the market growth

Market CAGR for atomizing metal powder is being driven by the rising use in additive manufacturing. Metal powders that have been atomized are widely employed in additive manufacturing and 3D printing procedures. The need for atomized metal powders such as titanium, aluminum, stainless steel, and nickel alloys has increased as 3D printing technology spreads across various industries. The two industries that have used atomized metal powders the most are the automotive and aerospace industries. Atomized metal powders are useful for making components with increased performance and fuel efficiency due to their lightweight and strong strength. These industries use atomized metal powders to produce structural elements, turbine blades, and engine parts. Major improvements have been made to powder atomization techniques to improve the effectiveness and purity of metal powders. Methods like gas atomization, water atomization, and plasma atomization have been developed to create fine and spherical metal powders with enhanced flowability and uniformity.

Atomized metal powders are also utilized to create specialty alloys, which have uses in the electronics, energy, and healthcare sectors. These alloys are valuable for particular applications because of their distinctive qualities, which include strong corrosion resistance, biocompatibility, and high-temperature resistance. Sustainable manufacturing practices are being emphasized more and more as a result of growing environmental concerns. Compared to conventional manufacturing techniques, atomizing metal powders can help reduce waste and energy use. To reduce their negative environmental effects, atomization techniques are being developed that use renewable energy sources or less water.

Key competitors have joined forces in mergers, acquisitions, and partnerships to consolidate the market for atomizing metal powder. Such partnerships seek to pool technical know-how, broaden their market reach, and create cutting-edge products to meet changing consumer wants.Ongoing research and development activities are being conducted to investigate novel materials, better the quality of the powder, and improve the performance of atomized metal powders. Improvements in powder characterization, post-processing methods, and the creation of new alloy compositions to satisfy industry-specific requirements are all included in this. Thus, driving the Atomizing Metal Powder market revenue.

Atomizing Metal Powder Market Segment Insights

Atomizing Metal Powder Product Insights

Based on product, the  Atomizing Metal Powder market segmentation includes atomizing iron powder and copper powder. The atomizing iron powder segment dominated the market, accounting for 60% of market revenue, because of its many industrial uses in aerospace, defense, automobiles, building, and healthcare. The market for atomized iron powder has also expanded due to the expanding automotive sector, increased urbanization, technical innovation, and consumer desire for luxury vehicles. It is good for making strong machine parts with fine green strength because it is atomized iron powder with high purity and outstanding mechanical qualities.

Figure 1:  Atomizing Metal Powder Market, by Product, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Atomizing Metal Powder Application Insights

The  Atomizing Metal Powder market segmentation, based on Application, includes the metallurgy industry, chemical industry, electronic materials, diamond tools, welding, and 3D printing. The metallurgy industry category generated the most income. In the metallurgy sector, atomized metal powders are primarily employed in producing several goods and coating applications. The automobile application segment comes after the metallurgy application sector. The use of atomized metal powders in automotive components, including the engine and chassis, is anticipated to increase due to the expansion of the automotive industry and the increased demand for lightweight and high-strength components. 

Atomizing Metal Powder Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Atomizing Metal Powder market area will dominate this market, with rising demand and usage of technologies like powder forging and additive manufacturing in the U.S. The market will also be driven by the advancement of advanced manufacturing technology and the rise in R&D costs. The market for several sintered metals used in transmissions and engines in the area is declining as the number of electric and hybrid vehicles increases.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  ATOMIZING METAL POWDER MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's Atomizing Metal Powder market accounts for the second-largest market share. The use of atomized metal powders in automotive components, such as the engine and chassis, is anticipated to increase as the automotive industry continues to expand and demand for lightweight and high-strength components rises. Further, the German Atomizing Metal Powder market held the largest market share, and the UK Atomizing Metal Powder market was the fastest-growing market in the European region.

The Asia-Pacific Atomizing Metal Powder Market is expected to grow fastest from 2023 to 2032. This is due to the expansion of the manufacturing sector, growing urbanization, and expanding industrialization, which presents numerous potential for market leaders in the atomizing metal powder sector. The APAC area offers a wide range of prospects for developing metal powder atomization. Economic growth in the region is also fueled by increasing foreign direct investments. Moreover, China’s Atomizing Metal Powder market held the largest market share, and the Indian Atomizing Metal Powder market was the fastest-growing market in the Asia-Pacific region.

Atomizing Metal Powder Key Market Players & Competitive Insights

Leading market companies are extensively spending R&D on increasing their product lines, which will help the Atomizing Metal Powder market grow even more. Important market developments include new product releases, contractual agreements, acquisitions and mergers, greater investments, and collaboration with other organizations. The Atomizing Metal Powder industry must produce cost-effective merchandise to flourish and thrive in a more competitive and increasing market climate.

Manufacturing locally to reduce operating costs is an effective business strategy manufacturers use in the worldwide Atomizing Metal Powder industry to serve clients and expand the market sector. The Atomizing Metal Powder industry has provided some of the most important benefits recently.  Major players in the Atomizing Metal Powder market, including Blue Power Casting Systems and others, are attempting to increase market demand by investing in research and development operations.

In addition to developing and manufacturing casting and melting systems, Blue Power Casting Systems also produces equipment for producing metal powders. Their casting technologies are employed in the lost wax investment casting method for metals. Their melting furnaces are primarily used in the recycling sector, but many foundries also employ them to melt metal before manually casting it. Continuous casting and granulating facilities for manufacturing semi-finished goods complete their offering. Additionally, we provide a range of consumables, including cuvettes, molds, sealing rods, and crucibles, all created especially for and precisely complementing their systems. In August 2022, A novel high-temperature gas atomization system for platinum and other high-melting alloys has been introduced by Blue Power Casting Systems GmbH, Walzbachtal, Germany, as a result of a partnership with Indutherm Casting Technology, a separate subsidiary of Indutherm Erwärmungsanlagen GmbH.

An international leader in high-tech engineering, Sandvik offers services to the infrastructure, mining, and manufacturing sectors that improve productivity, profitability, and sustainability. We are at the cutting edge of digitization and concentrate on streamlining the procedures for our clients. Equipment, tools, services, and digital solutions for machining, mining, rock excavation, and rock processing are all part of our industry-leading portfolio.

Key Companies in the Atomizing Metal Powder market include

• Hoganas AB
• Sandvik AB
• Hangzhou Yitong New Material Co. Ltd
• Kobe Steel Ltd
• JFE Steel Corporation
• Kymera International
• Makin Metal Powders Ltd
• GKN Sinter Metals Engineering GmbH
• Mitsui Mining & Smelting Co. Ltd
• Laiwu Feilong Powder Metallurgy Co. Ltd
• Pompton S.p.A.
• SAFINA A.S

Atomizing Metal Powder Industry Developments

May 2022: Swedish metals research organization Swerim and Swedish heating technology company Kanthal, both of which are a part of the Sandvik Group and based in Lule, Sweden, report that their cutting-edge atomizing machinery for the development and manufacture of metal powders is now operational as a result of a previously announced joint investment of €2 million.

March 2023: Outokumpu, with its headquarters in Helsinki, Finland, is launching a new atomization unit at its site in Krefeld, Germany, to enter the metal powder market. By using the steel scrap from local production to make metal powders suitable for additive manufacturing, metal injection molding (MIM), binder jetting (BJT), and hot isostatic pressing (HIP), the company hopes to further advance its sustainability strategy and circular economy initiatives.

Atomizing Metal Powder Market Segmentation

Atomizing Metal Powder Product Outlook

• Atomizing Iron Powder
• Atomizing Copper Powder

Atomizing Metal Powder Application Outlook

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

Atomizing Metal Powder Regional Outlook

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• Rest of the World
  • Middle East
  • Africa
  • Latin America

Atomizing Metal Powder Type Outlook (USD Billion, 2018-2032)

• Atomizing Iron Powder

• Atomizing Copper Powder

Atomizing Metal Powder Application Outlook (USD Billion, 2018-2032)

• Metallurgy Industry

• Chemical Industry

• Electronic Materials

• Diamond Tools

• Welding

• 3D Printing

Atomizing Metal Powder Regional Outlook (USD Billion, 2018-2032)

• North America Outlook (USD Billion, 2018-2032)

  • North America Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • North America Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

  • US Outlook (USD Billion, 2018-2032)

  • US Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • US Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

  • CANADA Outlook (USD Billion, 2018-2032)

  • CANADA Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • CANADA Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

• Europe Outlook (USD Billion, 2018-2032)

  • Europe Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • Europe Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

  • Germany Outlook (USD Billion, 2018-2032)

  • Germany Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • Germany Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

  • France Outlook (USD Billion, 2018-2032)

  • France Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • France Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

  • UK Outlook (USD Billion, 2018-2032)

  • UK Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • UK Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

  • ITALY Outlook (USD Billion, 2018-2032)

  • ITALY Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • ITALY Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

  • SPAIN Outlook (USD Billion, 2018-2032)

  • Spain Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • Spain Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

  • Rest Of Europe Outlook (USD Billion, 2018-2032)

  • Rest Of Europe Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • Rest Of Europe Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

• Asia-Pacific Outlook (USD Billion, 2018-2032)

  • Asia-Pacific Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • Asia-Pacific Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

  • China Outlook (USD Billion, 2018-2032)

  • China Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • China Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

  • Japan Outlook (USD Billion, 2018-2032)

  • Japan Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • Japan Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

  • India Outlook (USD Billion, 2018-2032)

  • India Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • India Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

  • Australia Outlook (USD Billion, 2018-2032)

  • Australia Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • Australia Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

  • Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)

  • Rest of Asia-Pacific Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • Rest of Asia-Pacific Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

• Rest of the World Outlook (USD Billion, 2018-2032)

  • Rest of the World Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • Rest of the World Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

  • Middle East Outlook (USD Billion, 2018-2032)

  • Middle East Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • Middle East Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

  • Africa Outlook (USD Billion, 2018-2032)

  • Africa Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • Africa Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing

  • Latin America Outlook (USD Billion, 2018-2032)

  • Latin America Atomizing Metal Powder by Type

    • Atomizing Iron Powder

    • Atomizing Copper Powder

  • Latin America Atomizing Metal Powder by Application

    • Metallurgy Industry

    • Chemical Industry

    • Electronic Materials

    • Diamond Tools

    • Welding

    • 3D Printing