Spain Metal Powder Market Size & Outlook, 2020-2027

The metal powder market in Spain is expected to reach a projected revenue of US$ 212.7 million by 2027. A compound annual growth rate of 7.2% is expected of Spain metal powder market from 2021 to 2027.
Revenue, 2020 (US$M)
$131.2
Forecast, 2027 (US$M)
$212.7
CAGR, 2021 - 2027
7.1%
Report Coverage
Spain

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 2020USD 131.2 million
Market revenue in 2027USD 212.7 million
Growth rate7.2% (CAGR from 2020 to 2027)
Largest segmentPress & sinter
Fastest growing segmentAdditive Manufacturing
Historical data2016 - 2019
Base year2020
Forecast period2021 - 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, 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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Spain metal powder market size, by technology, 2016-2027 (US$M)

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

Spain metal powder market size, by technology, 2016-2027 (US$M)

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