Metal Powder Market Size To Reach $10.18 Billion By 2030

Metal Powder Market Growth & Trends

The global metal powder market size is expected to reach USD 10.18 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 5.8% over the forecast period. Growth of the aerospace & defense market is anticipated to propel the demand for the product over the forecast period.

A wide range of metals, including magnesium, aluminum, titanium, and nickel, are used in the aerospace industry. These materials are ideal for lighter structural elements due to their high strength-to-weight ratio. Thus, it is widely used in the production of aircraft and spacecraft components such as engines, turbines, heat exchangers, rocket snores, or structural elements.

Based on technology segment, the press & sinter held the largest revenue share of the market in 2024. Due to cost cost-effective nature of the technology, it is widely used in the market. Also, it is capable of manufacturing relatively complex designs/components. Rising demand for automotive parts is expected to drive the growth of this segment.

Based on material, the ferrous segment is expected to register a growth rate of 5.6%, in terms of revenue, over the forecast period. The ferrous-based products have become a major component of tools, cars, electrical appliances, firearms, and buildings due to their reduced cost and strong tensile properties. It is therefore expected that the segment will continue to have a dominant position over the forecast period.

Based on region, North America is anticipated to register a CAGR of 5.7%, in terms of revenue, over the forecast period. The penetration of AM and MIM in the sectors of aerospace & defense, medical research, and automotive can be attributed to a growing demand for metal powders in North America.

The market witnesses intense competition owing to the growing demand for metal powder. Key players are using mergers and acquisitions activity across the globe. For instance, 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.

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Metal Powder Market Report Highlights

• Based on region, Asia Pacific is expected to register a CAGR of 6.2% across the forecast period.The promotion of private investments by various governments is projected to boost the manufacturing sector in the region, which, in turn, is expected to propel the demand for the product.

• Based on technology, additive manufacturing (AM) is expected to register a CAGR of 12.1% in terms of revenue across the forecast period. The growth of technology is attributed to the increasing demand for AM from the aerospace industry to manufacture complex parts efficiently.

• Based on application, the healthcare segment is expected to register the fastest growth rate over the forecast period.Countries are investing in the medical industry by emphasizing modernization of hospitals and the advancement of technology to make healthcare more affordable.

• Based on application, the automotive industry held the largest revenue share in 2024.Automotive is one of the major consumers of metal powder, wherein various components are manufactured using AM, press & sinter, HIP, and MIM processes.

Metal Powder Market Segmentation

Grand View Research has segmented the global metal powder market based on material, technology, application, and region.

Metal Powder Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Ferrous

• Non-ferrous

Metal Powder Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Press & Sinter

• Metal Injection Molding

• Additive Manufacturing

• Others

Metal Powder Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Automotive

• Aerospace & Defense

• Healthcare

• Other applications

Metal Powder Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

• Europe

  • Germany

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • South Korea

  • India

• Central & South America

  • Brazil

• Middle East & Africa

List of Key Players in the Metal Powder Market

• 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 Advanced Micro Devices