[Latest] Global Powder Metallurgy Market Size/Share Worth USD 6.38 Billion by 2034 at a 8.62% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Powder Metallurgy Market size & share revenue was valued at approximately USD 2.79 Billion in 2024 and is expected to reach USD 2.84 Billion in 2025 and is expected to reach around USD 6.38 Billion by 2034, at a CAGR of 8.62% between 2025 and 2034. The key market players listed in the report with their sales, revenues and strategies are Carpenter Technology Corporation, Rio Tinto Metal Powders, Allegheny Technologies Incorporated (ATI), Molyworks Materials Corporation, Sandvik AB, Hoganas AB, POLEMA JSC, Carl Schlenk AG, GKN Plc, Miba AG, Advanced Technology & Materials Co. Ltd. (AT&M), JSC Polema, Hitachi Chemical Co. Ltd, Sumitomo Electric Industries Ltd, POLEMA JSC, and others.

/EIN News/ -- Austin, TX, USA, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Powder Metallurgy Market Size, Trends and Insights By Material (Titanium, Nickel, Steel, Aluminum, Cobalt, Others), By Process (Additive Manufacturing, Powder Metal Hot Isostatic Pressing, Metal Injection Molding), By Application (Aerospace & Defense, Automotive, Oil & Gas, Industrial, Medical & Dental), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034” in its research database.

“According to the latest research study, the demand of global Powder Metallurgy Market size & share was valued at approximately USD 2.79 Billion in 2024 and is expected to reach USD 2.84 Billion in 2025 and is expected to reach a value of around USD 6.38 Billion by 2034, at a compound annual growth rate (CAGR) of about 8.62% during the forecast period 2025 to 2034.”

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Powder Metallurgy Market: Overview

Powder metallurgy is a manufacturing method that creates metallic components from tiny metal powders, allowing for exact forms and properties that would be difficult or impossible to accomplish using traditional procedures such as casting and machining. Metal particles are mixed with materials like ceramics or polymers, then heated and crushed to form a solid, dense product.

Powder metallurgy provides several advantages, including higher material efficiency, design flexibility, improved material properties, and cost effectiveness. It reduces material waste by using nearly all raw resources, resulting in economic savings and a reduced environmental impact.

The sintering process creates strong bonds between metal particles, producing components with higher mechanical properties including strength, hardness, and wear resistance. Powder metallurgy is utilized in a wide range of applications.

Technological innovations and increasing implementation of advanced technologies are expected to create lucrative opportunities for market growth during the forecast period.  Additive manufacturing, particularly 3D printing, is a major driver of expansion in the worldwide powder metallurgy industry. 3D printing enables the construction of complicated geometries that are difficult to fabricate using standard manufacturing methods.

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However, factors such as less adaption in many underdeveloped countries, high cost of powder metallurgy, and availability of alternative manufacturing technologies are restraining the market growth.

The global powder metallurgy market is segmented by process, by material, by application and by region. By process, the Powder Metal Hot Isostatic Pressing method was dominant in 2024, accounting for 55% of the market owing to the increasing adaptation of this process in various end use industries.

The powder metal hot isostatic process includes powder manufacturing, mixing, compacting, sintering, and hot isostatic pressing. The various benefits of this manufacturing process such as economic benefits, less energy requirement, increasing output, improved mechanical qualities and material diversity are mainly driving its adaptation during the forecast period.

This manufacturing method is also known for its consistency and reproducibility, making it suited for a wide range of industries such as automotive, aerospace, medicine, and energy.

By application, the Automotive segment dominated the market and is expected to keep its dominance during the forecast period owing to the increasing production of vehicles across the globe. Various factors such as the rapidly expanding automotive industry across the globe, increasing new investment in the automotive industry, growing emphasis on sustainable production technologies, and increasing adoption of powder metallurgy manufacturing methods in the automotive markets are mainly driving the market growth of this segment.

By region, Asia Pacific is expected to have the quickest CAGR throughout the projection period. Various factors such as growing disposable income have prompted the development of additive manufacturing in the automobile and healthcare industries.

The encouragement of private investments by various governments is likely to improve the region’s industrial sector, hence driving up demand for powder metallurgy. Key countries such as China, India, Japan, ASEAN, South Korea, and Australia are mainly driving the market growth of this region during the forecast period.

North America held the second largest market share in 2024 and is expected to keep its position during the forecast period owing to the presence of well-developed end-use industries in the U.S, Canada and Mexico.

Report Scope

Feature of the Report	Details
Market Size in 2025	USD 2.84 Billion
Projected Market Size in 2034	USD 6.38 Billion
Market Size in 2024	USD 2.79 Billion
CAGR Growth Rate	8.62% CAGR
Base Year	2024
Forecast Period	2025-2034
Key Segment	By Material, Process, Application and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Powder Metallurgy report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
• The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on the Request.
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025
• Includes Tables and figures have been updated.
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(Please note that the sample of the Powder Metallurgy report has been modified to include the COVID-19 impact study prior to delivery.)

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CMI has comprehensively analyzed the Global Powder Metallurgy market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict in depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Powder Metallurgy industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

Key questions answered in this report:

• What is the size of the Powder Metallurgy market and what is its expected growth rate?
• What are the primary driving factors that push the Powder Metallurgy market forward?
• What are the Powder Metallurgy Industry's top companies?
• What are the different categories that the Powder Metallurgy Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Powder Metallurgy market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2025−2034
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Powder Metallurgy Market: Regional Analysis

By Region, the global powder metallurgy market is segmented into North America, Asia Pacific, Europe, the Middle East and Latin America.  The Asia-Pacific region dominated the powder metallurgy market in 2023 and is expected to keep its dominance during the forecast period owing to rapidly expanding end use industries in the region.

High population levels increased private investment, and rising consumer disposable income have resulted in widespread use of powder metallurgy in industries such as automotive and healthcare. The area has experienced substantial growth in additive manufacturing, particularly in China and Japan.

For example, the Japan Electronics and Information Technology Industries Association (JEITA) reported that Japan’s electronics industry had a net production value of JPY 10.95 trillion in 2021, a 10% rise from the year before. Furthermore, China has made major expenditures in its Defense sector, with the Chinese Aviation Industry Development Research Centre forecasting a 6.8% rise in Defense spending by 2021.

These economic growth trends, together with the region’s expanding industrial base and advances in manufacturing technology, have raised demand for powder metallurgy products in a wide range of sectors. As China, Japan, and India continue to invest in technological advancements and infrastructure, the Asia-Pacific region is expected to maintain its lead in the global powder metallurgy market.

North America region holds the second largest market share in 2023 and is expected to keep its position during the forecast period owing to the rapid growth of end use industries in this region. Key countries such as the U.S., Canada and Mexico are mainly driving the market growth of this region. The rapidly expanding automotive industry in the region is a major driver of market growth in this region.

Europe is expected to grow at a significant pace during the forecast period owing to the presence of well-developed automotive industry in the region. Key countries such as the U.K., Germany, Sapin, Russia, Netherlands, Germany and Italy are mainly driving the market growth of this region.

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Browse the full “Powder Metallurgy Market Size, Trends and Insights By Material (Titanium, Nickel, Steel, Aluminum, Cobalt, Others), By Process (Additive Manufacturing, Powder Metal Hot Isostatic Pressing, Metal Injection Molding), By Application (Aerospace & Defense, Automotive, Oil & Gas, Industrial, Medical & Dental), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034” Report at https://www.custommarketinsights.com/report/powder-metallurgy-market/

List of the prominent players in the Powder Metallurgy Market:

• Carpenter Technology Corporation
• Rio Tinto Metal Powders
• Allegheny Technologies Incorporated (ATI)
• Molyworks Materials Corporation
• Sandvik AB
• Hoganas AB
• POLEMA JSC
• Carl Schlenk AG
• GKN Plc
• Miba AG
• Advanced Technology & Materials Co. Ltd. (AT&M)
• JSC Polema
• Hitachi Chemical Co. Ltd
• Sumitomo Electric Industries Ltd
• POLEMA JSC
• Others

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The Powder Metallurgy Market is segmented as follows:

By Material

• Titanium
• Nickel
• Steel
• Aluminum
• Cobalt
• Others

By Process

• Additive Manufacturing
• Powder Metal Hot Isostatic Pressing
• Metal Injection Molding

By Application

• Aerospace & Defense
• Automotive
• Oil & Gas
• Industrial
• Medical & Dental

Click Here to Get a Free Sample Report of the Global Powder Metallurgy Market @ https://www.custommarketinsights.com/report/powder-metallurgy-market/

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

This Powder Metallurgy Market Research/Analysis Report Contains Answers to the following Questions.

• Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Powder Metallurgy Market? What are Their Company Profile, Product Information, and Contact Information?
• What Was the Global Market Status of the Powder Metallurgy Market? What Was the Capacity, Production Value, Cost and PROFIT of the Powder Metallurgy Market?
• What Is the Current Market Status of the Powder Metallurgy Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Powder Metallurgy Market by Considering Applications and Types?
• What Are Projections of the Global Powder Metallurgy Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Powder Metallurgy Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Powder Metallurgy Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Powder Metallurgy Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Powder Metallurgy Industry?

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Reasons to Purchase Powder Metallurgy Market Report

• Powder Metallurgy Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Powder Metallurgy Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Powder Metallurgy Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Powder Metallurgy Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

• The study provides a thorough overview of the global Powder Metallurgy market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Powder Metallurgy market analysis.

• The competitive environment of current and potential participants in the Powder Metallurgy market is covered in the report, as well as those companies' strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

• Participants and stakeholders worldwide Powder Metallurgy market should find this report useful. The research will be useful to all market participants in the Powder Metallurgy industry.

• Managers in the Powder Metallurgy sector are interested in publishing up-to-date and projected data about the worldwide Powder Metallurgy market.

• Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Powder Metallurgy products' market trends.

• Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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