Spain Metal Powder Market Size & Outlook, 2020-2027
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Spain metal powder market highlights
- The Spain metal powder market generated a revenue of USD 131.2 million in 2020 and is expected to reach USD 212.7 million by 2027.
- The Spain market is expected to grow at a CAGR of 7.2% 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 131.2 million |
| Market revenue in 2027 | USD 212.7 million |
| Growth rate | 7.2% (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, Spain accounted for 2.6% 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 36.2% in 2020. Horizon Databook has segmented the Spain metal powder market based on press & sinter, metal injection molding, additive manufacturing covering the revenue growth of each sub-segment from 2016 to 2027.
The demand for metal powder in Spain is expected to witness a decline of 18.6% in 2020 compared to the previous year. The decline in sales of automotive vehicles in the first quarter of 2020 has created a negative impact on powder metal products.
As per the European Automobile Manufacturers Association, automotive sales in Spain reported a decline of around 31% in the first quarter of 2020. This was mainly due to weakened consumer demand owing to the COVID19 crisis along with disruptions in the supply chain.
Rapid penetration of additive manufacturing is expected in Spain metal powder market over the coming years. Partnerships and joint ventures between metal powder manufacturers are expected to fuel market growth over the long run.
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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 |
Spain Technology - Metal Powder Market size, 2020 - 2027 (US$M)
Spain Metal Powder Market Outlook Share, 2020 & 2027 (US$M)
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