Plasma Atomizer Market Size, Share, Growth, and Industry Growth, By Type (Plasma Atomization and Plasma Rotating Electrode Process Atomization), By Application (Industry, Chemistry, And Others), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

PLASMA ATOMIZER MARKET REPORT OVERVIEW

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The global plasma atomizer market size expanded rapidly in 2022 and the market is projected to grow substantially by 2031, exhibiting a prodigious CAGR during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with plasma atomizer experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

Atomizing of plasma by an equipment manufacturer is known as a plasma atomizer. This process is done with the help of argon plasma torches to atomize and melt into fine droplets of titanium and other metals. With wire as its feedstock, the process of plasma atomization has the unique ability to create favorably flow able and extremely refined spherical metallic powders. It is possible to attain great powder purity thanks to the inert argon environment. The manufacture of a highly spherical powder is possible thanks to the high kinetic energy and high-temperature plasma. 

A high level of traceability is accomplished because a wire spool is utilized as the feed material, allowing the powders to be used for high-end applications such as the aerospace industry or biomedical implants. A pre-qualified wire is continually run through the tip of various plasma torch jets of non-transferred arc argon as part of the plasma atomization process. The greater than 10,000°C plasma causes the wire to start melting and atomizing into tiny droplets.

COVID-19 Impact: Slow Growth Was Experienced During the Pandemic

The disturbance in the plasma collecting procedure resulted in a slow plasma atomizer market expansion. Despite being referred to as "important infrastructure," plasma collection was hampered by the increase in cases and COVID-19 recommendations, such as social withdrawal and stay-at-home orders. For instance, according to the annual report released by CSL Limited for the fiscal year 2020–2021, COVID–19 caused a drop in the volume of plasma collected and an increase in the collection cost relative to donor remuneration. Significant corporations' sales were also harmed. 

LATEST TRENDS

"Growing Demand for Metal Powders to Augment Market Growth"

Plasma atomizers are used in various processes such as chemical synthesis, atomization, solid-state reduction, and electrolysis. Plasma atomization is a dominant process for producing pre-alloyed and metal powders such as aluminium, steel, bronze, tin, copper, and iron. This technique uses high-pressure fluid jets to disperse molten metal streams into fine droplets, which are later solidified into fine particles. Growing demand for atomized plasma in the metallurgy industry is estimated to propel market growth in the forecast period. 

PLASMA ATOMIZER MARKET SEGMENTATION

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• By Type Analysis

By type, the market is segmented into plasma atomization and plasma rotating electrode process atomization.

• By Application Analysis

Based on application, the market is classified into industry, chemistry, and others.

DRIVING FACTORS

"Rising Demand for Plasma Atomizers to Prosper Market Growth"

The rise in demand for atomized metal powders in the metallurgy industry is one of the key factors anticipated to propel the growth of the atomizing metal powder market during the forecast period. The plasma atomizer market is also predicted to rise due to the expansion of powder metallurgy in the automotive sector. Additionally, it is predicted that an increase in R&D spending will moderate the market for atomizing metal powder growth.

"Expanding Automotive Industries to Boost Product Demand"

In the upcoming years, the expansion of the automotive and aerospace industries' production capacity will likely present even more chances for the market for atomizing metal powder to expand. The two main factors pushing the demand for automobiles globally are increased the plasma atomizer market growth. Metallurgy, which aids in producing numerous components, including camshaft pulleys, crankshaft sprockets, bearings, and gears, is responsible for using powdered metals in the automotive sector.

RESTRAINING FACTORS

"Fluctuating Prices May Challenge Market Growth"

Factors such as strict government regulations and inconsistent price of the product is predicted to affect the plasma atomizer market growth. The market may face further challenges due to the rigorous regulatory requirements. It is also anticipated that fluctuations in iron ore prices may restrain the market for plasma atomizer during the timeline period.

PLASMA ATOMIZER MARKET REGIONAL INSIGHTS 

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"North America to Lead the Market Due to the Growing Application of Plasma in Pharmaceutical"

North America is likely to hold a major part of the plasma atomizer market share due to the rising applications of plasma in the manufacturing of medicines. The growing prevalence of bleeding disorders and immunodeficiency. 

Europe is forecasted to show significant growth in the region due to the expansion of chemicals and industrial sectors.

KEY INDUSTRY PLAYERS

"Key Companies to Emphasis On the Development of Advanced Technology"

Key market players are investing heavily on research and development of the product. Companies are also paying focus on launching advanced products. Emphasis on gaining collaborations, mergers, and acquisitions is increasing among leading players. The major market players are striving to maintain partnerships with other key players in the same industry. Gaining partnerships with other companies will develop a strong consumer base in the global market. The key competitors are adopting organic and inorganic growth strategies to surge their market share in the global market. 

List of Market Players Profiled

• AM Atomizers Technology (Italy)
• PyroGenesis (Canada)
• Avimetal powder metallurgy technology (Beijing) (China)
• 3D LAB (India)
• Arcast (U.S.)
• Amazemet (Poland)
• EasyFashion Industry (China)
• Hunan Skyline Smart Material&Technology (China)
• Xi'an Sailong Metal Materials (China)
• Hunan Jiutai Metallurgical Technology (China)

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for various factors to show potential investment areas. From 2024 through 2031, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.