Industrial Atomizer Market size was valued at USD 1.03 Trillion in 2023 and is projected to cross USD 2.23 Trillion by the end of 2036, expanding at more than 6.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of industrial atomizer is estimated at USD 1.09 Trillion. The growth of the market can be attributed to the growing applications in the automotive sector. The rising sales of vehicles with increasing disposable income of people across the world are estimated to drive the market.
The increasing use in the construction sector for painting wood and concrete buildings is estimated to hike industrial atomizer market growth. According to Invest India, infrastructure-related operations constitute 13% of total foreign direct investment inflows which was USD 81.72 billion in the year 2021 in India. Foreign direct investment in the construction of infrastructure from April 2000-December 2021 was USD 26.30 billion as per the Department for Promotion of Industry and Internal Trade.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
6.1% |
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Base Year Market Size (2023) |
USD 1.03 Trillion |
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Forecast Year Market Size (2036) |
USD 2.23 Trillion |
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Regional Scope |
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Type (Semi-Automatic, Automatic, Nozzle Type)
The nozzle type segment in the industrial atomizer market is estimated to gain the largest revenue share of about 38% in the year 2036. The growth of the segment can be attributed to the rising applications of many products such as gas stoves, ovens, or barbecues. The increasing use of nozzles owing to their ability to control the flow, speed, and direction of the steam or liquid is estimated to propel the market segment growth. The high consumption of food and the rising number of restaurants is estimated to hike the growth of the market segment.
The growing use of deodorants, perfumes, and other personal care products is estimated to rise the demand for the market segment in the coming years. As per the estimations for 2021, the total import value of personal deodorants and antiperspirants in the United States was worth USD 260 million.
End-User (Food, Automotive, Pharmaceutical, Personal Care Industry, Chemical)
The pharmaceutical segment is expected to hold around 29% share of the global industrial atomizer market in the year 2036. The growing healthcare industries across the world with rising diseases are estimated to hike the market segment growth. The rising growth in the manufacturing of drugs to treat new disease occurrences such as COVID-19 is also estimated to propel the market segment growth. The growing birth rate and geriatric population around the world are driving the market segment growth. The rising use of liquid sanitizers and disinfectants post-pandemic is expected to hike the market segment growth.
Our in-depth analysis of the global industrial atomizer market includes the following segments:
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Type |
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End-User |
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North American Market Forecast
The industrial atomizer market in North America is projected to be the largest with a share of about 32% by the end of 2036. The growth of the market can be attributed majorly to the increasingly rapid industrial growth in the region, especially in the pharmaceutical, aerospace, and automotive industries. Moreover, the growth in the healthcare sector in the region is expected to enhance regional market growth. As per the data by the Center for Medicare & Medicaid Services, the US federal government spending for health care grew by 36% in 2020.
The increasing automotive sector across the world with rising vehicle purchases in the region is estimated to propel the market growth. The increasing advancements in the painting sector to reduce cost and improve finishing quality are estimated to hike the market segment growth.
APAC Market Statistics
The Asia Pacific industrial atomizer market is estimated to be the second largest, registering a share of about 23% by the end of 2036. The growth of the market can be attributed majorly to the rising sales of vehicles in the region, combined with the presence of major automobile manufacturers in the countries, such as China, India, and Japan.
The rising air pollution across the region is estimated to increase the incidence of diseases in the region which include respiratory disorders and is estimated to rise the growth of the industrial atomizer market. The rising agricultural sector in the region with growing demand for food, as the population is growing day by day, is estimated to rise the use of atomizers in the region.
Author Credits: Abhishek Verma
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