Italy Metal Powder Market Size & Outlook, 2020-2027
Italy metal powder market, 2016-2027 (US$M)
Related Markets
Italy metal powder market highlights
- The Italy metal powder market generated a revenue of USD 170.7 million in 2020 and is expected to reach USD 308.1 million by 2027.
- The Italy market is expected to grow at a CAGR of 8.8% 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.
Metal powder market data book summary
| Market revenue in 2020 | USD 170.7 million |
| Market revenue in 2027 | USD 308.1 million |
| Growth rate | 8.8% (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, Italy accounted for 3.4% 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 Europe, Germany metal powder market is projected to lead the regional market in terms of revenue in 2027.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,091.9 million by 2027.
Press & sinter was the largest segment with a revenue share of 42.24% in 2020. Horizon Databook has segmented the Italy metal powder market based on press & sinter, metal injection molding, additive manufacturing covering the revenue growth of each sub-segment from 2016 to 2027.
As per the European Automobile Manufacturers Association, automotive sales in Italy declined by 35.5% in the first quarter of 2020 due to the COVID-19 pandemic. Italy became one of the key hotspots for coronavirus cases in the first half of 2020.
The government forced regional manufacturers to close the operations of non-essential business activities such as automotive, construction, and aerospace manufacturing. As of July 2020, the country reported 2.5 lacs cases with over 35,000 fatalities.
Investments in manufacturing facilities for metal powder production are expected to aid market growth over the coming years. In May 2019, Mimete S.r.l. started manufacturing metal powders at its new facility. The company uses the vacuum inert gas atomization technique for producing metal powders, which are used in additive manufacturing applications such as aerospace, energy, medical, and others.
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Metal Powder Market Scope
Metal Powder Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy metal powder market size, by technology, 2016-2027 (US$M)
Italy Metal Powder Market Outlook Share, 2020 & 2027 (US$M)
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