Global Metal Powder Market Overview
Metal Powder Market Size was valued at USD 10,579.8 Million in 2024. The Global Metal Powder industry is projected to grow from USD 11,469.7 Million in 2025 to USD 23,964.9 Â Million by 2035, exhibiting a compound annual growth rate (CAGR) of 7.6% during the forecast period (2025 - 2035).
Increasing Automotive Production and Expanding Application In Aerospace & Defense is driving the Global Metal Powder Market.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Metal Powder Market Trends
GROWING DEMAND IN ENERGY SECTOR
The increasing demand in the energy sector offers a substantial opportunity for the powder metal market, especially as industries seek advanced materials capable of withstanding high temperatures, enhancing efficiency, and minimizing environmental impact. A key area of growth lies in the application of powder metallurgy for producing components in renewable energy systems, including wind turbines, solar power installations, and energy storage solutions. These components require materials that exhibit high durability, heat resistance, and lightweight characteristics, all of which can be effectively provided by metal powders.
In the renewable energy field, wind turbine manufacturers are increasingly turning to advanced metal powders for the production of turbine blades, gears, and other high-performance components. The use of metal powders enables the creation of complex geometries that are both lightweight and robust, thereby enhancing the performance and efficiency of wind energy systems. Additionally, the powder metallurgy process generates less material waste and consumes less energy compared to traditional manufacturing methods, making it an attractive option for companies aiming to achieve sustainability targets.
Similarly, in solar energy applications, metal powders are employed to produce components that require exceptional corrosion resistance, particularly in challenging environments. The lightweight and customizable nature of metal powders is ideal for manufacturing parts for photovoltaic cells and other solar energy systems, further boosting demand in the energy sector. The growing emphasis on energy storage technologies, such as lithium-ion and solid-state batteries, also supports the powder metal market, as specialized metal powders are used to create battery components with enhanced conductivity, energy density, and lifespan.
Metal Powder Market Segment Insights
Global Metal Powder Material Insights
Based on Material, the Metal Powder Market is Segmented into: Ferrous Metals, Non-Ferrous Metals. The Ferrous Metals segment dominated the global market in 2024, while the Ferrous Metals is projected to be the fastest–growing segment during the forecast period. Ferrous metals, primarily consisting of iron and its alloys, play a significant role in the powder metal market due to their strength, durability, and cost-effectiveness.Â
Common ferrous metal powders include iron, carbon steel, and stainless steel, which are widely used in various applications, including automotive, construction, and machinery. The powder metallurgy process allows for the production of complex-shaped components with enhanced mechanical properties, making ferrous powders ideal for parts such as gears, bearings, and structural components. Additionally, ferrous powders can be blended with other materials to produce high-performance alloys that meet specific requirements. The increasing demand for lightweight and high-strength materials in industries like automotive and aerospace is driving innovation in ferrous metal powder technologies.
Global Metal Powder Process Insights
Based on Application, the Metal Powder Market is Segmented into: Additive Manufacturing, Metal Injection Molding, Powder Metal Hot Isostatic Pressing (Pm Hip), And Others. The Powder Metal Hot Isostatic Pressing (PM HIP) segment dominated the global market in 2024, while the Additive Manufacturing is projected to be the fastest–growing segment during the forecast period. In this process, metal powder is first compacted into a green part, which is then subjected to high temperature and pressure in a controlled environment. The application of isostatic pressure ensures uniform compaction and densification, resulting in parts with exceptional mechanical properties, such as increased strength, ductility, and fatigue resistance.Â
PM HIP is particularly effective for producing complex geometries and high-performance components used in critical applications, such as aerospace, oil and gas, and medical devices. This technique also helps eliminate internal porosity, which can compromise the integrity of the final product. As industries continue to demand components that meet stringent performance standards, the use of PM HIP is gaining traction, providing manufacturers with the ability to produce high-quality metal parts with enhanced functionality.
Figure 1: GLOBAL METAL POWDER MARKET, BY PROCESS, 2024 & 2035 (USD Million)
Global Metal Powder Application Insights
Based on application, the Metal Powder Market is Segmented into: Automotive, Oil & Gas, Energy & Power, Medical, Aerospace & Defense, Others. The Automotive segment dominated the global market in 2024, while the Automotive is projected to be the fastest–growing segment during the forecast period. The automotive industry is one of the largest consumers of metal powders, employing them for a wide range of applications, including engine components, transmission systems, and structural parts. Powder metallurgy allows for the production of lightweight, high-strength components that contribute to improved fuel efficiency and reduced emissions, aligning with modern automotive design goals.Â
Techniques such as metal injection molding and additive manufacturing enable the creation of complex shapes and intricate designs that are difficult to achieve with traditional manufacturing methods. Additionally, the rise of electric vehicles (EVs) has further increased the demand for metal powders, as lightweight materials are essential for optimizing battery performance and overall vehicle efficiency. As automotive technology continues to evolve, the role of metal powders in enhancing performance, safety, and sustainability is expected to expand significantly.
Global Metal Powder Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific Metal Powder market accounted for largest market share in 2024 and Asia-Pacific  is expected to exhibit a significant CAGR growth during the study period. The Asia Pacific region is witnessing a surge in demand for metal powder, driven by rapid industrialization, urbanization, and technological advancements. Countries such as China, Japan, and India are at the forefront of this growth, as they continue to expand their manufacturing capabilities and invest in advanced technologies.Â
The booming automotive and electronics sectors in these countries are significant contributors to the increasing demand for metal powders, as manufacturers seek lightweight, durable materials for components that enhance performance and efficiency. In addition to automotive and electronics, the aerospace industry in Asia Pacific is also experiencing growth, with countries like China and India investing heavily in developing their aerospace capabilities. The adoption of additive manufacturing in this sector allows for the production of complex and high-performance parts, further driving the demand for metal powders.
Figure 2: GLOBAL METAL POWDER MARKET, BY REGION, 2024 & 2035 (USD Million)
In Europe, the demand for metal powder is on the rise, driven by a combination of stringent regulations, technological advancements, and a strong emphasis on sustainability. The European Union has implemented strict regulations regarding emissions and energy efficiency, prompting industries to seek innovative solutions that enhance product performance while minimizing environmental impact. Metal powders, particularly in additive manufacturing and powder metallurgy, provide the necessary properties to produce lightweight and high-strength components essential for meeting these regulatory standards.
The aerospace and automotive industries, which are major contributors to the European economy, are increasingly adopting metal powder technologies to optimize their manufacturing processes. These sectors are focused on producing parts that are not only lighter and stronger but also more fuel-efficient. The ability to create complex geometries with reduced waste aligns with the circular economy principles that Europe champions. Furthermore, Europe has a well-established ecosystem of research institutions and industrial partners that collaborate to advance metal powder technologies. This collaboration fosters innovation, enabling the development of new materials tailored for specific applications, such as biocompatible powders for the medical sector.
Further, the major countries studied in the market report are the U.S., Canada, Mexico, Germany, France, Italy, UK, Spain, Japan, UAE, South Africa, Saudi Arabia, Argentina, and Brazil.
Global Metal Powder Key Market Players & Competitive Insight
Many global, regional, and local vendors characterize the Metal Powder Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.
The major players in the market include BASF SE, METAL TECHNOLOGY CO. LTD, ADVANCED TECHNOLOGY & MATERIALS CO., LTD SANDVIK AB , GKN POWDER METALLURGY, HÖGANÄS AB, ATI INC, CARPENTER TECHNOLOGY CORPORATION , RIO TINTO, KENNAMETAL, among others. The Metal Powder Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.
Key Companies in the Metal Powder Market include.
- ADVANCED TECHNOLOGY & MATERIALS CO., LTD.
Global Metal Powder Industry Developments
- In March 2021, Höganäs expanded its production capacity of fine powders to be used for applications within additive manufacturing, metal injection molding and surface coating. The new production plant is located at Höganäs’ facilities in Johnstown, Pennsylvania in the United States. Apart from being able to produce existing products such as 45 micron stainless steels (316L, 17-4PH), the new facility will also produce new grades below 25 microns, suitable for binder jetting and metal injection moulding technologies.
- In May 2021, Rio Tinto successfully developed and tested a steel powder designed for 3-D printing applications at its Rio Tinto Fer et Titane (RTFT) metallurgical complex in Sorel-Tracy, Quebec. The water atomized steel powder delivers mechanical properties superior to conventional metal manufacturing techniques, paving the way for advances in the use of 3-D printing technology for metal parts. RTFT plans to develop a range of additional powder grades with advanced properties for 3-D printing to meet customer needs.
- In April 2021, Kennametal Inc. announced the launch of Stellite 21 AM™ powder, the first Stellite™ powder qualified for laser powder bed additive manufacturing, and the latest addition to Kennametal Additive Manufacturing’s portfolio of high-performance metal powders optimized for 3D printing. With Stellite 21 AM powder, the unique corrosion and wear-resistant properties of the Stellite alloy family are now available for laser powder bed additive platforms to produce high-performance wear components for the oil and gas and power generation industries. Kennametal Additive Manufacturing is the Company’s 3D printing and production business unit within its Infrastructure segment.
Metal Powder Market Segmentation
Metal Powder Market by Material Outlook (USD Million, 2019-2035)
Metal Powder Market by Process Outlook (USD Million, 2019-2035)
- Powder Metal Hot Isostatic Pressing (PM HIP)
Metal Powder Market by Application Outlook (USD Million, 2019-2035)
Global Metal Powder Regional Outlook
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Middle East and Africa
- Rest of Middle East and Africa
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Report Attribute/Metric
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Details
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Market Size 2024
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USD Â Â 10,579.8 million
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Market Size 2025
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USD Â Â 11,469.7 million
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Market Size 2035
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USD 23,964.9 million
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Compound Annual Growth Rate (CAGR)
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7.6% (2025-2035)
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Base Year
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2024
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Market Forecast Period
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2023-2035
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Historical Data
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2019- 2022
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Market Forecast Units
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Value (USD Million)
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Report Coverage
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Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
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Segments Covered
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By Material, By Process, By Application and Region
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Geographies Covered
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North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
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Countries Covered
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The U.S., Canada, Mexico, Germany, France, Italy, UK, Spain, China, Japan, India, UAE, South Africa, Saudi Arabia, Argentina, and Brazil.
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Key Companies Profiled
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BASF SE, METAL TECHNOLOGY CO. LTD, ADVANCED TECHNOLOGY & MATERIALS CO., LTD SANDVIK AB , GKN POWDER METALLURGY, HÖGANÄS AB, ATI INC, CARPENTER TECHNOLOGY CORPORATION , RIO TINTO, KENNAMETAL, among others.
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Key Market Opportunities
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·        GROWING DEMAND IN ENERGY SECTOR
·        ADVANCEMENT OF OIL & GAS INDUSTRY
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Key Market Dynamics
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·        INCREASING AUTOMOTIVE PRODUCTION
·        EXPANDING APPLICATION IN AEROSPACE & DEFENSE
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Metal Powder Market Highlights:
Frequently Asked Questions (FAQ) :
The Metal Powder Market size is expected to be valued at USD 23,964.9 Million in 2035.
The global market is projected to grow at a CAGR of 7.6% during the forecast period, 2025-2035.
Asia-Pacific had the largest share of the global market.
The key players in the market are BASF SE, METAL TECHNOLOGY CO. LTD, ADVANCED TECHNOLOGY & MATERIALS CO., LTD SANDVIK AB , GKN POWDER METALLURGY, HÖGANÄS AB, ATI INC, CARPENTER TECHNOLOGY CORPORATION , RIO TINTO, KENNAMETAL, among others.
The Automotive category dominated the market in 2024.
Ferrous Metals segment had the largest revenue share of the global market.
