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 |
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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