Europe Metal Powder Market Size & Outlook, 2020-2027
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Europe metal powder market highlights
- The Europe metal powder market generated a revenue of USD 1,496.9 million in 2020.
- The market is expected to grow at a CAGR of 8.7% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2021 to 2027.
Europe data book summary
| Market revenue in 2020 | USD 1,496.9 million |
| Market revenue in 2027 | USD 2,685.9 million |
| Growth rate | 8.7% (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, Europe region accounted for 29.8% 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 54.77% in 2020. Horizon Databook has segmented the Europe metal powder market based on press & sinter, metal injection molding, additive manufacturing covering the revenue growth of each sub-segment from 2016 to 2027.
Stringent regulations to achieve fuel efficiency in the European countries are expected to propel the demand for lightweight powder metal components in aerospace & applications. This has resulted in increased penetration of aluminum compared to titanium products in non-ferrous segment.
However, ferrous segment dominated the market with a volume share of 88.4% in 2019, on account of bulk demand for iron and steel-based sintered parts in automotive applications. Growing number of small & medium-sized companies in additive manufacturing sector is expected to propel the metal powder market growth in the long term.
According to AMFG, a leading European player engaged in providing automation software for additive manufacturing, Europe has the greatest number of additive manufacturing firms. According to the company, about 55% of the total additive manufacturing firms across the globe are present in Europe.
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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 |
Europe metal powder market size, by country, 2016-2027 (US$M)
Europe Metal Powder Market Outlook Share, 2020 & 2027 (US$M)
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