Japan Metal Powder Market Size & Outlook, 2020-2027
Japan metal powder market, 2016-2027 (US$M)
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Japan metal powder market highlights
- The Japan metal powder market generated a revenue of USD 321.4 million in 2020 and is expected to reach USD 653.2 million by 2027.
- The Japan market is expected to grow at a CAGR of 10.7% 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 321.4 million |
| Market revenue in 2027 | USD 653.2 million |
| Growth rate | 10.7% (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, Japan accounted for 6.4% 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 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 58.84% in 2020. Horizon Databook has segmented the Japan metal powder market based on press & sinter, metal injection molding, additive manufacturing covering the revenue growth of each sub-segment from 2016 to 2027.
Japan was the second-largest metal powder market in Asia Pacific in 2019. In recent years, the use of additive manufacturing and metal injection molding to shift from prototyping to series production is expected to accelerate the demand for metal powders In Japan. Thus, the market is set to witness accelerated growth over the forecast period as it is largely untapped.
Automotive sector is a key contributor to the Japan metal powder market. The rising demand for electric vehicles coupled with the joint ventures in electric vehicle space is anticipated to drive the metal powder market in the long term. For instance: in March 2019, Toyota Motor Corp. signed an agreement with Subaru Corp. to jointly develop a new electric car, which is expected to be onroad by 2021.
In addition, original equipment manufacturers in Japan are increasingly adopting metal additive manufacturing technologies in automotive & aerospace sectors. For instance, in 2017, Sciaky, Inc., a 3D printing solutions provider based in Chicago, announced that it had supplied the electron beam additive manufacturing (EBAM) system to an anonymous supplier in Japan.
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Metal Powder Market Scope
Metal Powder Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan metal powder market size, by technology, 2016-2027 (US$M)
Japan Metal Powder Market Outlook Share, 2020 & 2027 (US$M)
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