Latin America Metal Powder Market Size & Outlook

The metal powder market in Latin America is expected to reach a projected revenue of US$ 517.0 million by 2027. A compound annual growth rate of 8.8% is expected of Latin America metal powder market from 2021 to 2027.
Revenue, 2020 (US$M)
$285.7
Forecast, 2027 (US$M)
$517.0
CAGR, 2021 - 2027
8.8%
Report Coverage
Latin America

Latin America metal powder market highlights

  • The Latin America metal powder market generated a revenue of USD 285.7 million in 2020.
  • The 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.
  • Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2027.


Latin America data book summary

Market revenue in 2020USD 285.7 million
Market revenue in 2027USD 517.0 million
Growth rate8.8% (CAGR from 2020 to 2027)
Largest segmentPress & sinter
Fastest growing segmentAdditive Manufacturing
Historical data covered2016 - 2019
Base year for estimation2020
Forecast period covered2021 - 2027
Quantitative unitsRevenue in USD million
Market segmentationPress & Sinter, Metal Injection Molding, Additive Manufacturing
Key market players worldwideFlywheel 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, Latin America region accounted for 5.7% 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 45.05% in 2020. Horizon Databook has segmented the Latin America metal powder market based on press & sinter, metal injection molding, additive manufacturing covering the revenue growth of each sub-segment from 2016 to 2027.


Latin America metal powder market is expected to be driven by the favorable government regulations for additive manufacturing. For instance, recently, Brazil government has announced a series of tax exemptions for accessories, consumables, and printers in additive manufacturing industry, making the additive manufacturing process less expensive and opening new avenues for the market vendors.

Growing industrial output and technological developments have created a positive impact on the manufacturing sector in the region. Moreover, end-use industries have started adopting new technologies in their traditional manufacturing processes. The need for low-cost product development and operational efficiency is projected to increase the adoption of metal powder parts.

Automotive industry in LA is offering numerous opportunities to additive manufacturing vendors in the market. As numerous auto parts production and assembly companies are migrating to countries outside traditional markets such as Brazil and Mexico.

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Metal Powder Market Scope

Metal powder market segmentation & scope
Press & Sinter
Metal Injection Molding
Additive Manufacturing
Others
Ferrous
Non-Ferrous
Automotive
Aerospace & Defense
Healthcare
Others (including oil & gas, industrial, firearms, Others)

Metal Powder Market Companies

Name Profile # Employees HQ Website

Latin America metal powder market size, by country, 2016-2027 (US$M)

Latin America Metal Powder Market Outlook Share, 2020 & 2027 (US$M)

Latin America metal powder market size, by country, 2016-2027 (US$M)

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