Middle East & Africa Metal Powder Market Size & Outlook
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MEA metal powder market highlights
- The MEA metal powder market generated a revenue of USD 138.1 million in 2020.
- The market is expected to grow at a CAGR of 8.6% 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.
MEA data book summary
| Market revenue in 2020 | USD 138.1 million |
| Market revenue in 2027 | USD 246.2 million |
| Growth rate | 8.6% (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, MEA region accounted for 2.7% 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 54.89% in 2020. Horizon Databook has segmented the Middle East & Africa metal powder market based on press & sinter, metal injection molding, additive manufacturing covering the revenue growth of each sub-segment from 2016 to 2027.
Press & sinter is expected to be the dominant technology segment in metal powder market over the forecast period. In the long run, additive manufacturing technology segment is likely to provide momentum to the Middle East & Africa metal powder market. Increasing private and public investments in metal powder technology companies are projected to create a positive impact on the demand for metal powder.
This investment is a part of the country’s strategy to gain a competitive edge in metal additive manufacturing and support industries such as medical, energy, and oil & gas. Another South African company Aeroswift is also exploring its possibilities in titanium additive manufacturing machines for aerospace & defense sector. Aeroswift is also backed by the government of South Africa.
Lonmin, a metal producing company, is investing significantly in metal additive manufacturing sector of South Africa. The company is developing a new process to manufacture platinum powder for medical and industrial applications. There are various niche segments wherein the manufacturers are likely to pour new investments over the coming years.
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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 |
Middle East & Africa Metal Powder Market Outlook Share, 2020 & 2027 (US$M)
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