North America Metal Powder Market Size & Outlook, 2020-2027
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North America metal powder market highlights
- The North America metal powder market generated a revenue of USD 1,374.4 million in 2020.
- The market is expected to grow at a CAGR of 10.3% 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, U.S. is expected to register the highest CAGR from 2021 to 2027.
North America data book summary
| Market revenue in 2020 | USD 1,374.4 million |
| Market revenue in 2027 | USD 2,724.4 million |
| Growth rate | 10.3% (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, North America region accounted for 27.3% 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 45.32% in 2020. Horizon Databook has segmented the North America metal powder market based on press & sinter, metal injection molding, additive manufacturing covering the revenue growth of each sub-segment from 2016 to 2027.
Metal powder market is expected to grow in North America primarily due to an increase in the number of 3D printers in terms of size, feature, and material compatibility in the long run. Factors such as presence of major players in the region and the ability of consumers to spend are further expected to drive the market across the region.
Vehicle production in the region has been witnessing downturn owing to the changes in supply chains, increase in production cost, and variation in consumer demands over the last three years. Increasing growth and popularity of electric & hybrid vehicles has primarily decreased the demand for various sintered parts in transmissions and engines.
However, powder forging technology is projected to provide lucrative opportunities for market vendors in the coming years. As per the Metal Powder Industries Federation, nearly 30% of connecting rods in the global vehicle production are manufactured using the powder forging process.
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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 |
North America metal powder market size, by country, 2016-2027 (US$M)
North America Metal Powder Market Outlook Share, 2020 & 2027 (US$M)
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