Market revenue in 2020 | USD 1,496.9 million |
Market revenue in 2027 | USD 2,685.9 million |
Growth rate | 8.7% (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 |
Press & sinter was the largest segment with a revenue share of 54.77% in 2020. Horizon Databook has segmented the Europe metal powder market based on press & sinter, metal injection molding, additive manufacturing covering the revenue growth of each sub-segment from 2016 to 2027.
Stringent regulations to achieve fuel efficiency in the European countries are expected to propel the demand for lightweight powder metal components in aerospace & applications. This has resulted in increased penetration of aluminum compared to titanium products in non-ferrous segment.
However, ferrous segment dominated the market with a volume share of 88.4% in 2019, on account of bulk demand for iron and steel-based sintered parts in automotive applications. Growing number of small & medium-sized companies in additive manufacturing sector is expected to propel the metal powder market growth in the long term.
According to AMFG, a leading European player engaged in providing automation software for additive manufacturing, Europe has the greatest number of additive manufacturing firms. According to the company, about 55% of the total additive manufacturing firms across the globe are present in Europe.
No credit card required*
Name | Profile | # Employees | HQ | Website |
---|
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account