Global Atomizing Metal Powder Market Report 2021-2028 – Additive Manufacturing-Specific Metal Powder Atomization to Offer Growth Opportunities – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Atomizing Metal Powder Market Forecast to 2028 – COVID-19 Impact and Global Analysis” report has been added to ResearchAndMarkets.com’s offering.
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, aluminum, 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.
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. In 2020, the additive manufacturing segment held the largest market share.
3D printing, also known as additive manufacturing (AM), is a process of creating a three-dimensional solid object from a digital file. Aluminum, copper, and titanium powders are used in additive manufacturing. The increasing use of additive manufacturing is driving the growth of the atomizing metal powder market.
Asia Pacific is a lucrative market for atomizing metal powder due to the rapidly evolving automotive industry. Various industries such as electronic, electrical, and automotive, are major growth propellers of the market in the region. The key manufacturers in Asia Pacific are highly focused on developing high-quality and innovative products to meet the end users’ requirements through research & development, technological advancement, and other strategies.
In North America, the growing demand for powder metallurgy-produced components is expected to drive the growth of the atomizing metal powder market in the coming years. The increasing use of atomizing metal powders in numerous applications is expected to propel the demand for atomizing metal powders during the forecast period.
Key Market Dynamics
Market Drivers
- Increasing Use of Powder Metallurgy in Automotive Industry
- Extensive Use of Atomizing Metal Powder in Surface Coating Process
Market Restraints
- Fluctuations in Prices of Raw Material
Market Opportunities
- Additive Manufacturing-Specific Metal Powder Atomization to Offer Growth Opportunities
Future Trends
- Standard and Customized Powders for Specific Applications
Companies Mentioned
- Hoganas 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
For more information about this report visit https://www.researchandmarkets.com/r/53ywqu
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