Industrial Atomizer Market Size

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.