China Metal Powder Market Size & Outlook, 2020-2027
China metal powder market, 2016-2027 (US$M)
Related Markets
China metal powder market highlights
- The China metal powder market generated a revenue of USD 696.0 million in 2020 and is expected to reach USD 1,444.5 million by 2027.
- The China market is expected to grow at a CAGR of 11% 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.
Metal powder market data book summary
| Market revenue in 2020 | USD 696.0 million |
| Market revenue in 2027 | USD 1,444.5 million |
| Growth rate | 11% (CAGR from 2020 to 2027) |
| Largest segment | Press & sinter |
| Fastest growing segment | Additive Manufacturing |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 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, China accounted for 13.8% of the global metal powder market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China metal powder market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,444.5 million by 2027.
Press & sinter was the largest segment with a revenue share of 63.12% in 2020. Horizon Databook has segmented the China metal powder market based on press & sinter, metal injection molding, additive manufacturing covering the revenue growth of each sub-segment from 2016 to 2027.
In 2019, China dominated Asia Pacific metal powder market with a volume share of 41.1%. Similar to North American and European countries, the government of China has played a major role in influencing metal additive manufacturing industry.
For instance, the government of China launched the ‘Additive Manufacturing Industry Development Action Plan’ in 2017 to boost additive manufacturing industry to reach USD 3 billion by 2020. This move is anticipated to play a key role in augmenting the growth of the metal powder market in the country.
Metal additive manufacturing technology in China is witnessing rapid penetration in various manufacturing processes. Aerospace and automotive industries are of the utmost importance to China’s manufacturing sectors as they contribute significantly to the country’s GDP.
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Metal Powder Market Scope
Metal Powder Market Companies
| Name | Profile | # Employees | HQ | Website |
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China metal powder market size, by technology, 2016-2027 (US$M)
China Metal Powder Market Outlook Share, 2020 & 2027 (US$M)
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