Asia Pacific Metal Powder Market Size & Outlook, 2020-2027
Asia Pacific metal powder market, 2016-2027 (US$M)
Related Markets
Asia Pacific metal powder market highlights
- The Asia Pacific metal powder market generated a revenue of USD 1,735.6 million in 2020.
- The market is expected to grow at a CAGR of 10.8% from 2021 to 2027.
- In terms of segment, press & sinter was the largest revenue generating technology in 2020.
- Additive Manufacturing is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2021 to 2027.
Asia Pacific data book summary
| Market revenue in 2020 | USD 1,735.6 million |
| Market revenue in 2027 | USD 3,558.4 million |
| Growth rate | 10.8% (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 |
| Key market players worldwide | Flywheel Advanced Technology Inc, Hoganas, MP Materials Corp Ordinary Shares - Class A, Rio Tinto PLC ADR, RUSAL, Sandvik AB |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 34.5% of the global metal powder market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,558.4 million by 2027.
Press & sinter was the largest segment with a revenue share of 53.81% in 2020. Horizon Databook has segmented the Asia Pacific metal powder market based on press & sinter, metal injection molding, additive manufacturing covering the revenue growth of each sub-segment from 2016 to 2027.
Asia Pacific metal powder market is expected to ascend at the highest rate primarily due to rapid industrialization and emerging economies across the region. The promotion of private investments by various governments is projected to boost manufacturing sector in the region, which, in turn, is expected to propel the demand for metal powder.
However, the high initial capital required to adopt 3D printing/additive manufacturing technology is expected to restrain the market growth in the region. Additive manufacturing technology segment is anticipated to progress at the fastest rate over the forecast period owing to the numerous expansion initiatives undertaken by 3D part manufacturers.
Till 2016, Asia Pacific significantly trailed behind Europe in terms of the adoption of metal 3D printing. However, the rising interest among Asian manufacturers regarding 3D printing and supportive government policies have helped develop proper technologies since 2016 in the region. China, Japan, and South Korea are among the significant markets for metal powder in the region.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Metal Powder Market Scope
Metal Powder Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific metal powder market size, by country, 2016-2027 (US$M)
Asia Pacific Metal Powder Market Outlook Share, 2020 & 2027 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
