Global Powder Metallurgy Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Material;

Titanium, Nickel, Steel, Aluminum, Cobalt and Others.

By Process;

Additive Manufacturing, Powder Metal Hot Isostatic Pressing and Metal Injection Molding.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn627211007 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Powder Metallurgy Market (USD Million), 2021 - 2031

In the year 2023, the Global Powder Metallurgy Market was valued at USD 2,954.95 million. The size of this market is expected to increase to USD 6,370.88 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 11.6%.

Powder metallurgy (PM) is a highly versatile and efficient manufacturing process used to produce a wide range of metal components. This technique involves the compaction of powdered metals or metal alloys into desired shapes, followed by a sintering process to bond the particles at temperatures below their melting points. The global powder metallurgy industry has experienced significant growth over recent decades, driven by its ability to create complex parts with high precision, minimal waste, and cost-effectiveness. PM is particularly valued in industries such as automotive, aerospace, medical, and electronics, where the demand for lightweight, durable, and high-performance components is paramount.

The rise of powder metallurgy can be attributed to several factors, including advancements in material science, improved powder production techniques, and the growing emphasis on sustainability. By utilizing powdered raw materials, PM significantly reduces material waste compared to traditional manufacturing methods. Additionally, the ability to incorporate various alloying elements into the powder mix allows for the creation of tailored properties in the final product, catering to specific application requirements.

The automotive industry remains one of the largest consumers of powder metallurgy products, benefiting from the process's ability to produce intricate parts such as gears, bearings, and structural components with excellent mechanical properties. The aerospace sector also leverages PM for lightweight, high-strength components that meet stringent performance and safety standards. In the medical field, PM enables the production of biocompatible implants and surgical tools with precise geometries and properties.

As global industries continue to prioritize efficiency, innovation, and sustainability, the powder metallurgy market is poised for continued expansion. Ongoing research and development efforts are focused on enhancing powder characteristics, refining manufacturing techniques, and exploring new applications. With its ability to meet the evolving demands of modern manufacturing, powder metallurgy is set to play a crucial role in shaping the future of industrial production on a global scale.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Material
    2. Market Snapshot, By Process
    3. Market Snapshot, By Region
  4. Global Powder Metallurgy Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Material Efficiency

        2. Cost Reduction

        3. Advanced Applications

      2. Restraints
        1. High Initial Costs

        2. Limited Material Options

        3. Technical Expertise Requirement

      3. Opportunities
        1. Technological Advancements

        2. Emerging Markets

        3. Customization Potential

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Powder Metallurgy Market, By Material, 2021 - 2031 (USD Million)
      1. Titanium

      2. Nickel

      3. Steel

      4. Aluminum

      5. Cobalt

      6. Others

    2. Global Powder Metallurgy Market, By Process, 2021 - 2031 (USD Million)
      1. Additive Manufacturing

      2. Powder Metal Hot Isostatic Pressing

      3. Metal Injection Molding

    3. Global Powder Metallurgy Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Molyworks Materials Corporation
      2. Advanced Technology & Materials Co., Ltd. (AT&M)
      3. JSC POLEMA
      4. Sandvik AB
      5. Höganäs AB
      6. GKN PLC
      7. Rio Tinto Metal Powders
      8. Rusal
      9. CRS Holdings Inc.
  7. Analyst Views
  8. Future Outlook of the Market