Global Metal Powder Market Size & Outlook, 2020-2027
Global metal powder market, 2016-2027 (US$M)
Related Markets
Global metal powder market highlights
- The global metal powder market generated a revenue of USD 5,030.7 million in 2020 and is expected to reach USD 9,731.9 million by 2027.
- The market is expected to grow at a CAGR (2021 - 2027) of 9.9% by 2027.
- In terms of segment, press & sinter accounted for a revenue of USD 2,581.0 million in 2020.
- Additive Manufacturing is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2020.
- Country-wise, Spain is expected to register the highest CAGR from 2021 to 2027.
Global data book summary
| Market revenue in 2020 | USD 5,030.7 million |
| Market revenue in 2027 | USD 9,731.9 million |
| Growth rate | 9.9% (CAGR from 2020 to 2027) |
| Largest segment | Press & sinter |
| Fastest growing segment | Additive Manufacturing |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Press & Sinter, Metal Injection Molding, Additive Manufacturing |
Other key industry trends
- In terms of revenue, the North America accounted for 27.3% of the global metal powder market in 2020.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2027.
- By country, Spain is the fastest growing regional market and is projected to reach USD 212.7 million by 2027.
Press & sinter was the largest segment with a revenue share of 51.3% in 2020. Horizon Databook has segmented the Global metal powder market based on press & sinter, metal injection molding, additive manufacturing covering the revenue growth of each sub-segment from 2016 to 2027.
Metal powder is witnessing high demand from aerospace defense owing to the rising demand for lightweight parts and focus on improving the efficiency of the overall system. The ability to manufacture cheaper equipment in less time is expected to propel the demand for additive manufacturing in defense and aerospace industries over the forecast period.
Owing to the increase in demand for metal additive manufacturing from aerospace defense industries key players are investing to expand their capacity. For instance, in July 2021, Amaero announced that they are going to construct a USD 8 million titanium alloy gas atomization powder manufacturing plant in Victoria, Australia.
The plant is expected to serve the aerospace, defense, and tooling sectors.The demand for aircraft is increasing across the world. For instance, in 2023, Boeing and Airbus delivered 528 and 735 aircraft, compared to 480 and 633, respectively in previous year. In 2021, Airbus delivered 611 commercial aircraft, which was 8% more than the company delivered in 2020. Similarly, Boeing delivered 340 commercial aircraft in 2021.
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Metal Powder Market Scope
Metal Powder Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global metal powder market size, by regions, 2016-2027 (US$M)
Top 10 countries: Metal powder market size, 2020 (US$M)
Global metal powder market share, by technology, 2020 & 2027 (%, US$M)
Metal powder market: Opportunity assessment by country
Global metal powder market, by region, 2020 (US$M)
Related regional statistics
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