U.S. Metal Powder Market Size & Outlook, 2020-2027
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U.S. metal powder market highlights
- The U.S. metal powder market generated a revenue of USD 1,258.5 million in 2020 and is expected to reach USD 2,466.6 million by 2027.
- The U.S. market is expected to grow at a CAGR of 10.1% 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 1,258.5 million |
| Market revenue in 2027 | USD 2,466.6 million |
| Growth rate | 10.1% (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, U.S. accounted for 25.0% 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 North America, U.S. metal powder market is projected to lead the regional market in terms of revenue in 2027.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,466.6 million by 2027.
Press & sinter was the largest segment with a revenue share of 46.26% in 2020. Horizon Databook has segmented the U.S. metal powder market based on press & sinter, metal injection molding, additive manufacturing covering the revenue growth of each sub-segment from 2016 to 2027.
In contrast to press & sinter, additive manufacturing (AM) and metal injection molding (MIM) observed positive growth in 2019. Press & sinter recorded a decline of 11.6% by volume, while in AM and MIM observed an increase of 6.9% and 35.9% respectively.
Growing penetration of AM is anticipated to remain a key driver for the metal powder demand. As per the Metal Powder Industries Federation, over 10 MIM manufacturers have shown interest in purchasing AM machines within the next 2 years.
metal powder market. In this sector, companies are rapidly undergoing expansion through various partnerships and joint ventures. In July 2020, Burloak Technologies and MDA Corporation signed a five-year agreement, to develop space applications using additive manufacturing. This deal is projected to help both companies optimize design and manufacturing capabilities 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 |
US Materials - Metal Powder Market size, 2020 - 2027 (US$M)
U.S. Metal Powder Market Outlook Share, 2020 & 2027 (US$M)
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