Latin America Metal Powder Market Size & Outlook
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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 2020 | USD 285.7 million |
| Market revenue in 2027 | USD 517.0 million |
| Growth rate | 8.8% (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 |
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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hoganas | View profile | 1001-5000 | Höganäs, Skane Lan, Sweden, Europe | https://www.hoganas.com |
| RUSAL | View profile | 10001+ | Moscow, Moscow City, Russian Federation, Europe | http://www.rusal.ru |
| Flywheel Advanced Technology Inc | View profile | 2 | 123 West Nye Lane, Suite 455, Carson, NV, United States, 89706 | |
| Rio Tinto PLC ADR | View profile | 57174 | 6 St James’s Square, London, United Kingdom, SW1Y 4AD | https://www.riotinto.com |
| MP Materials Corp Ordinary Shares - Class A | View profile | 681 | 1700 S. Pavilion Center Drive, 8th Floor, Las Vegas, NV, United States, 89135 | https://www.mpmaterials.com |
| Sandvik AB | View profile | 40614 | Kungsbron 1, Section G, Floor 6, Stockholm, Sweden, 111 22 | https://www.sandvik.com |
Latin America metal powder market size, by country, 2016-2027 (US$M)
Latin America Metal Powder Market Outlook Share, 2020 & 2027 (US$M)
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