Metal Powder Market Size, Share & Trends Analysis Report By Materials (Ferrous, Non-Ferrous), By Technology (Press & Sinter, Additive Manufacturing), By Application, By Region, And Segment Forecasts

Published Date: April - 2025 | Publisher: MIR | No of Pages: 240 | Industry: advance materials | Format: Report available in PDF / Excel Format

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Metal Powder Market Size & Trends

The size of the global metal powder market was estimated at USD 6.92 billion in 2024 and is expected to grow at a CAGR of 5.8% during the period from 2025 to 2030. Growing demand for additive manufacturing (AM) parts from the aerospace sector is fueling market growth. AM technology is a very dependable system, which allows the production of highly intricate designs and geometries that are not possible to produce by any other process.Due to rising demand for AM from aerospace & defense industries, major players are investing to increase their capacity. For example, in July 2023, Collins Aerospace stated that it is going to invest USD 14.0 million in the addition to the AM facility.

Product-based components are widely used across different end use industries, such as automotive, industrial, electronics, firearms, and healthcare. Powder metallurgy can fabricate structural, magnetic, & next-generation high-performance parts and tribological components. End use industry growth is likely to drive powdered part demand in the U.S. during the forecast period.

Growing geopolitical tensions have driven nations to expand and modernize their aerospace & defense hardware, which is anticipated to boost the consumption of the product during the forecast period. For example, the German government has spent EUR 10 billion (USD 10.83 billion) to acquire F-35 fighter jets from America.

The aerospace & defense industry is a pioneer in the adoption of additive manufacturing (AM). NASA, SpaceX, and other aerospace entities are enjoying the benefits of AM technology because it allows for producing geometrically accurate prototypes within shorter timeframes and minimizes material wastage. Due to the above-stated reasons, many aerospace & defense firms are placing orders for metal AM printers.

Report Coverage & Deliverables

PDF report & online dashboard will help you understand

  • Competitive benchmarking
  • Historical data & forecasts
  • Company revenue shares
  • Regional opportunities
  • Latest trends & dynamics

Market Concentration & Characteristics

The metal powder market is dominated by the presence of well-established players such as GKN PLC, Sandvik AB, and Höganäs AB. The companies employ a well-established distribution and sales network to reach their customers in various regions. New product development and competitive pricing are some of the major areas of focus for manufacturers to consolidate their position in the market.

Development of lightweight autos, technological advancements, and the cost of raw materials affect the price of products along with macroeconomic factors. Market players devise their strategies based on the above factors, as well as the performance of major application industries, i.e., automotive, oil & gas, aerospace & defence, and medical.

Leading players are leveraging the mergers and acquisitions activity all over the world, wherein giant players buy minority interests in smaller producers with a competitive advantage such as high-level technology, low-cost processes, or good market presence. Fostering innovation, reduced cost, and better synergies between operations is another critical component to boost these activities in the business.

The raw material utilized in AM to create a variety of end use products is more expensive than the raw material utilized in the conventional process. For example, stainless steel as raw material in AM is more than USD 8 per square centimetre as compared to the ones utilized in conventional manufacturing. Therefore, high cost of manufacturing serves as an AM market growth inhibitor.

Material Insights

The largest category was Ferrous, contributing a revenue proportion of more than 69.0% in 2024. The category consists of various types of steel and steel alloys, as well as iron and alloying metals including molybdenum, nickel, and chromium. Steel is affordable and can be used in AM as well as combined with other materials, e.g., bronze.

The non-ferrous category includes copper, aluminum, zinc, titanium, tungsten, magnesium, and so on. The favorable characteristics of aluminum, like being light in weight and possessing good strength, are expected to fuel demand for it. It is used extensively in making equipment, such as functional components and cycles. Equipment based on aluminum is made by a method of 3D printing known as direct metal laser sintering.

Growth of this segment is expected to be spurred by increasing demand for titanium implants in the medical sector. To treat deformities in the vertebrae, human skull, and bones, firms Novax DMA and CEIT Biomedical Engineering have begun producing medical implants composed of titanium.

Technology Insights

The biggest by volume technology sector was press and sinter and contributed over 89.0% of the market in 2024. Press and sinter are applied in the conventional powder metallurgy process. It is cost-saving and yields near-net-shape components. Green compact manufacturing incorporates heat treatment or compaction temperatures below the melting point of the metal.

This particle-to-particle mechanical bonding helps in the strengthening of components. Furthermore, green compacts are sintered under a controlled environment under which they are subjected to metallurgical bonding to achieve their completed components. To achieve precise tolerances and a desirable finish of the surface, plating, repression, or finishing operations can be performed.

MIM technology has been a major subject of importance in the components industry for the last 20 years. The process depends on the shaping and sintering of particles like that of press or sinter. High quantities of complex-shaped parts, with high production accuracy, can be manufactured using this process. Various stages of the MIM process, for instance, raw material mixing or processing, injection molding, removal of bindery, and sintering, are present.

Application Insights

The automotive segment accounted for the highest volume share of 64.9% in 2024. In the automotive sector, different components and parts of engines, chassis, and transmissions are produced with the help of powder metallurgy technology, which is driving the demand for metal powder.

The aerospace & defense industry is an early adopter of the AM. The technology assists manufacturers to create complex prototypes and parts. Therefore, aerospace and defense industries are buying new AM printers. For example, in September 2023, GKN Aerospace bought two 3D- 3D-printing systems from Nikon SLM Solutions.

The healthcare industry is being fueled by the higher awareness among consumers about different diseases and the higher willingness of consumers to pay a premium for final products. Furthermore, the use of metal powder technology in the healthcare industry is fueling this segment because it produces inserting plates, foot adapters, blacking plates, surgical blades, forceps, graspers, and Blacking Hooks.

Regional Insights

Market Analysis

The North America metal powder industry is projected to expand at a growth rate of 5.7% from 2025 to 2030 in terms of revenue. In particular, demand for different sintered parts in transmissions and engines has been reduced due to the increasing popularity of vehicles that are both energy efficient and hybrid. Nevertheless, the market vendors are expected to have lucrative opportunities over the next few years through powder forging technology. According to the Federation of Metal Powder Industries, almost 30% of automotive coupling rods are produced through powder forging processes worldwide.

Asia Pacific Metal Powder Market Trends

The metal powder industry in the Asia Pacific held the largest global volume share in 2024, amounting to 35.0%. The region saw a high demand for products, mainly in the automotive and aviation sectors, in 2023. The region's market is being driven by the presence of small and midsized component producers for press and sintered products, coupled with increasing demand for AM.

Key Metal Powder Company Insights

Some of the key players operating in the market include GKN PLC and Sandvik AB

  • GKN PLC is one of the leading producers and suppliers of the product, and it also produces atomized metal powders for various applications. The company annually produces around 250,000 tons of powder.

  • Sandvik AB has more than 45 years of expertise in metal powder and produces more than 400 different grades of alloys of metal powder alloys.

MolyWorks Materials Corporation, Inc. and Avimetal AM Tech Co., Ltd. are some of the emerging market participants in the industry.

  • MOLYWORKS Materials Corporation is among the emerging global manufacturers of sustainable metal powders. In 2015, the company invented “The Greyhound", a compact, alloy-agnostic, upcycling system. This system produces metal powder from metal waste streams of used powder, failed builds, old parts, and machined waste.

  • Avimetal AM Tech Co., Ltd, has advanced powder manufacturing technologies such as electrode induction gas automization, plasma automization, and vacuum induction gas automization.

Key Metal Powder Companies

The following are the leading companies in the metal powder market. These companies collectively hold the largest market share and dictate industry trends.

Recent Developments

  • In November 2023, 6K Additive acquired the Global Metal Powder company. This acquisition is expected to help the company in the expansion of refractory powder production and sustainable product development.

  • In October 2023, Sandvik AB announced that it is going to acquire Buffalo Tungsten, Inc. The acquisition is expected to allow Sandvik to increase its market presence in the U.S, as well as strengthen its regional capabilities within the component manufacturing value chain.

Metal Powder Market Report Scope

Report Attribute

Details

Market size value in 2025

USD 7.66 billion

Revenue forecast in 2030

USD 10.18 billion

Growth rate

CAGR of 5.8% from 2025 to 2035

Base year for estimation

2024

Historical data

2018 - 2023

Forecast period

2025 - 2035

Quantitative Units

Volume in kilotons, revenue in USD million, and CAGR from 2025 to 2030

Report coverage

Volume forecast, revenue forecast, competitive landscape, growth factors, and trends

Segments covered

Material, technology, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South Africa; Middle East & Africa

Country scope

U.S.; Germany; Italy; Spain; China; Japan; India; South Korea; Brazil

Key companies profiled

MolyWorks Materials Corporation; Advanced Technology & Materials Co., Ltd.; GKN PLC; Hoganas AB; POLEMA; Rio Tinto Metal Powders; Rusal; Sandvik AB; CRS Holdings Inc.; Liberty House Group

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Global Metal Powder Market Report Segmentation

This report forecasts revenue and volume growth at the country & regional levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global metal powder market report based on material, technology, application, and region

Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2035)

    • Ferrous

    • Non-ferrous

  • Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2035)

    • Press & Sinter

    • Metal Injection Molding

    • Additive Manufacturing

    • Others

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2035)

    • Automotive

    • Aerospace & Defense

    • Healthcare

    • Other applications

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2035)

    • North America

      • U.S.

    • Europe

      • Germany

      • Italy

      • Spain

    • Asia Pacific

      • China

      • Japan

      • South Korea

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

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