Metal Powder Industry Overview

The global metal powder market size is anticipated to reach USD 10.18 billion by 2030 and is projected to grow at a CAGR of 7.3% from 2024 to 2030 according to a new report by Grand View Research, Inc. Growth of the aerospace defense market is anticipated to propel the demand for products across 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, like engines, turbines, heat exchangers, rocket snores, or structural elements.

Based on technology, the press sinter held the largest revenue share of the market in 2023. Due to cost-effective nature of this 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 growth of this segment.

Gather more insights about the market drivers, restrains and growth of the Metal Powder Market

Based on material, ferrous-based is anticipated to register a growth rate of 6.4%, in terms of revenue, over the forecast period. 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 growth rate of 6.5% 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 Global Metal Powder company. This acquisition is expected to help the company in expansion of refractory powder production and sustainable product development.

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• The global smart materials market size was valued at USD 72.36 billion in 2023 and is projected to grow at a CAGR of 8.0% from 2024 to 2030.
  
  
• The global wet scrubber market size was valued at USD 1.17 billion in 2024 and is anticipated to grow at a CAGR of 8.5% from 2025 to 2030. 

Metal Powder Market Segmentation

Grand View Research has segmented the Metal Powder Market on the basis of 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
  • US
• Europe
  • Germany
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
• Central South America
  • Brazil
• Middle East Africa

Key Companies profiled:

• Advanced Technology Materials Co., Ltd
• CRS Holdings Inc.
• GKN PLC
• Hoganas AB
• MolyWorks Materials Corporation
• POLEMA
• Rio Tinto Metal Powders
• Rusal
• Sandvik AB

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 in the industry and 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 metal powder expertise and produces more than 400 different grades of alloys of metal powder.

Recent Developments

• In November 2023, 6K Additive acquired Global Metal Powder company. This acquisition is expected to help the company in 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.
• In July 2023, Collins Aerospace announced its plan to invest USD 14.0 million for expansion its AM facility. This expansion of the facility will enable the installation of multiple new 3D metal printers that ensures the development of the additive manufacturing potentials of the company.

Order a free sample PDF of the Metal Powder Market Intelligence Study, published by Grand View Research.