Powder Metallurgy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Powder Metallurgy Market Report Segments the Industry by Material Type (Ferrous and Non-Ferrous), Manufacturing Technology (Press and Sinter, Metal Injection Molding (MIM), and More), Application (Automotive, Industrial Machinery, Electrical and Electronics, Aerospace, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa).

Powder Metallurgy Market Size and Share

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Powder Metallurgy Market Analysis by Mordor Intelligence

The powder metallurgy market is valued at USD 26.34 billion in 2025 and is forecast to reach USD 32.96 billion by 2030, advancing at a 4.5% CAGR. Expansion is supported by electrification of mobility, demand for complex lightweight parts, and steady penetration into medical, aerospace, and defense supply chains. Asia-Pacific commands the largest regional position and continues to attract new capacity as governments strengthen local materials ecosystems. Meanwhile, North American and European producers are pivoting toward high-value, low-volume applications to offset slower growth in conventional automotive volumes. Competitive intensity is rising as additive processes erode the dominance of press-and-sinter, and as specialty alloy suppliers target e-powertrain, aerospace, and orthopedic customers with powders engineered for higher efficiency and sustainability.

Key Report Takeaways

  • By material type, ferrous powders led with 79% of the powder metallurgy market share in 2024; the segment is forecast to expand at 4.62% CAGR to 2030. 
  • By manufacturing technology, press-and-sinter retained 50% revenue share in 2024, while additive manufacturing is the fastest-growing technology at 4.88% CAGR. 
  • By application, automotive captured 65% of the powder metallurgy market size in 2024; industrial machinery is advancing at a 4.78% CAGR to 2030. 
  • By geography, Asia-Pacific held 40% of the powder metallurgy market share in 2024 and is projected to grow at a 4.8% CAGR through 2030. 

Segment Analysis

By Material Type: Ferrous Leader, Specialty Alloys Ascend

The ferrous segment controlled 79% of the powder metallurgy market in 2024 and is projected to rise at 4.62% CAGR through 2030, driven by mature tooling, abundant scrap streams, and robust price-performance economics. Extensive press-and-sinter infrastructure allows high-volume producers to hit densities exceeding 7.4 g/cm³, closing mechanical-property gaps with wrought steels. In parallel, advanced sinter-hardening formulas enable near-net-shape gears and synchronizer hubs that meet e-drive torque loads without secondary heat treatment. Growth is reinforced by hot isostatic pressing that densifies large ferrous turbine disks, increasing appeal in energy and marine engines. 

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Note: Segment shares of all individual segments available upon report purchase

By Manufacturing Technology: Digital Transformation Reshapes Production

Press-and-sinter retained 50% revenue in 2024, underpinned by decades of process know-how, low capex, and high cycle efficiency. Incremental gains, such as warm compaction, high-temperature sintering, and advanced lubricant chemistries, raise part density and fatigue strength, sustaining relevance in gearbox hubs and balance-shaft pulleys. Metal injection molding (MIM) captures small, intricate geometries for connectors, watch gear-trains, and surgical instruments, routinely achieving 98% theoretical density with tolerances inside ±0.3%. Isostatic pressing is chosen for rocket-engine and subsea manifolds where isotropy and near pore-free microstructures are mandatory.

Additive manufacturing is the fastest-growing node of the powder metallurgy market at 4.88% CAGR. Multi-laser powder-bed-fusion machines build 600 mm-high turbine hubs in a single run, eliminating forgings and welds. Flow-ability additives, such as graphene flakes from Graphmatech, homogenize packing density and reduce recoater torque, enhancing consistency in large-format builds. As digital twins link alloy design with process parameters, the powder metallurgy market is progressing toward first-time-right builds that trim qualification loops.

By Application: Automotive Dominates, Industrial Machinery Accelerates

Automotive accounted for 65% of the powder metallurgy market size in 2024, anchored by transmission hubs, VVT sprockets, and oil-pump rotors that exploit PM’s ability to integrate functions cheaply. North American shipments declined 1.2% in 2023 as internal-combustion demand plateaued, yet e-drive momentum offsets part of the dip with high-density structural powders for stator housings and differential gears[1]Metal Powder Industries Federation, “Introducing Powder Metallurgy,” mpif.org. GKN’s propulsion-agnostic product pipeline confirms a diversification strategy that shields revenue from drivetrain shifts.

Industrial machinery registers the fastest growth at 4.78% CAGR by 2030. Factory-automation vendors integrate soft-magnetic composites in servo motors that prioritize three-dimensional flux flow, while powder-formed tungsten carbide wear parts extend uptime in abrasive environments. Electrical and electronics sub-segments leverage EMI-shielding powders, including polystyrene-encapsulated carbonyl iron microcapsules that resist marine corrosion. Aerospace and medical devices round out high-potential niches; Zimmer Biomet’s OsseoTi 70%-porous hip cups illustrate how lattice-engineered implants gain regulatory traction.

Powder Metallurgy Market
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Note: Segment shares of all individual segments available upon report purchase

Geography Analysis

Asia-Pacific retained 40% of the global powder metallurgy market share in 2024 and is expected to post the highest 4.8% regional CAGR to 2030, backed by aggressive industrial policy, investment incentives, and fast adoption of additive equipment in China, Japan, and India. China’s NMPA clearance for a 3-D-printed tantalum interspinal cage highlights rapid regulatory evolution that accelerates local advanced-powder uptake.

North America is recalibrating its position as EV drivetrains and aerospace rebalance powder consumption. Government funds for critical minerals and harsh-environment materials research prioritize domestic tungsten, niobium, and rare-earth extraction, reducing reliance on politically sensitive imports[2]U.S. Department of Energy, “Harsh Environment Materials Roadmap,” energy.gov.

Europe advances through sustainability and digitalization. Höganäs has cut carbon dioxide emissions by 46% since 2018 by transitioning to bio-based reductants and renewable electricity, positioning its powders at the center of low-carbon supply chains. Continental aerospace primes maintain demand for nickel and titanium alloys, while EU defense initiatives raise refractory-powder needs. Eastern European foundries adopt hybrid sinter-binder-jet systems, collaborating with Western machine builders to expand additive capacity. Collectively, these trends reinforce Europe’s role as a technology nucleus within the broader powder metallurgy market.

Powder Metallurgy Market
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Competitive Landscape

The powder metallurgy market is moderately fragmented. GKN Powder Metallurgy invests in polymer-free feedstocks to enhance sustainability, while Carpenter Technology emphasizes powder-optimized superalloys for energy turbines and medical implants. Niche players differentiate through design-to-part services, rapid sintering, and proprietary alloy chemistries. 

Powder Metallurgy Industry Leaders

  1. Höganäs AB

  2. GKN Powder Metallurgy

  3. Sandvik AB

  4. Sumitomo Electric Industries, Ltd.

  5. ATI, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Powder Metallurgy Market - Market Concentration
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Recent Industry Developments

  • June 2024: Kymera International agreed to acquire Fiven ASA to add advanced silicon-carbide materials and broaden its specialty portfolio to serve metallurgical, abrasives, and others markets.
  • April 2024: Sandvik AB acquired Buffalo Tungsten Inc., to secure a regional tungsten supply for North American customers and increase production of tungsten powder using renewable energy.

Table of Contents for Powder Metallurgy Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increasing Preference for Powder Metallurgy in Lightweight E-Powertrain Components among EV OEMs in North America
    • 4.2.2 Surge in Demand for Net-Shape Additive Metal Components in Aerospace across Europe
    • 4.2.3 Rapid Localization of Precision Medical Implants Manufacturing in Asia-Pacific
    • 4.2.4 Defense Modernization Programs Stimulating Adoption of High-Performance Refractory Powders in Middle East
    • 4.2.5 Growing Implementation in Electrical and Electromagnetic Applications
  • 4.3 Market Restraints
    • 4.3.1 Volatility in High-Purity Metal Powder Prices Due to Critical Mineral Supply Constraints
    • 4.3.2 Limited Standardization and Qualification Protocols for Safety-Critical Aerospace Parts
    • 4.3.3 Competitive Threat from Advanced Casting of Complex Aluminum Components
  • 4.4 Value Chain Analysis
  • 4.5 Porter's Five Forces
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry

5. Market Size and Growth Forecasts (Value )

  • 5.1 By Material Type
    • 5.1.1 Ferrous
    • 5.1.2 Non-Ferrous
  • 5.2 By Manufacturing Technology
    • 5.2.1 Press and Sinter
    • 5.2.2 Metal Injection Molding (MIM)
    • 5.2.3 Additive Manufacturing / Powder Bed Fusion
    • 5.2.4 Isostatic Pressing
  • 5.3 By Application
    • 5.3.1 Automotive
    • 5.3.2 Industrial Machinery
    • 5.3.3 Electrical and Electronics
    • 5.3.4 Aerospace
    • 5.3.5 Other Applications
  • 5.4 By Geography
    • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 Japan
    • 5.4.1.3 India
    • 5.4.1.4 South Korea
    • 5.4.1.5 ASEAN
    • 5.4.1.6 Rest of Asia-Pacific
    • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
    • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Spain
    • 5.4.3.6 Rest of Europe
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle-East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Egypt
    • 5.4.5.4 Rest of Middle-East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles {(includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)}
    • 6.4.1 AMETEK Inc.
    • 6.4.2 ATI, Inc.
    • 6.4.3 CNPC POWDER
    • 6.4.4 CRS Holdings, LLC
    • 6.4.5 Elementum
    • 6.4.6 Elmet Technologies
    • 6.4.7 ERASTEEL
    • 6.4.8 Fine Sinter Co., Ltd.
    • 6.4.9 GKN Powder Metallurgy
    • 6.4.10 Höganäs AB
    • 6.4.11 Kymera International
    • 6.4.12 LIBERTY Steel Group
    • 6.4.13 Metalysis
    • 6.4.14 Miba AG
    • 6.4.15 Phoenix Sintered Metals, LLC
    • 6.4.16 Phoenix Sintered Metals, LLC
    • 6.4.17 Plansee Group Functions
    • 6.4.18 POSCO
    • 6.4.19 Powder Alloy Corporation (PAC)
    • 6.4.20 Resonac Holdings Corporation
    • 6.4.21 Rio Tinto
    • 6.4.22 Sandvik AB
    • 6.4.23 Sumitomo Electric Industries, Ltd.

7. Market Opportunities and Future Outlook

  • 7.1 White-Space and Unmet-Need Assessment
  • 7.2 Increasing Adoption of Powder Metallurgy Techniques in Medical Sector
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Global Powder Metallurgy Market Report Scope

Powder metallurgy is a way to make things that use less energy and have better performance and more design options than traditional methods like casting, forging, extrusion, stamping, and machining. 

The powder metallurgy market is segmented by product type, application, and geography. By product type, the market is segmented into ferrous and non-ferrous metals. By application, the market is segmented into automotive, industrial machinery, electrical and electronics, aerospace, and other applications. The report also covers the market size and forecasts in 15 countries across major regions. For each segment, market sizing and forecasts have been done based on revenue (USD).

By Material Type Ferrous
Non-Ferrous
By Manufacturing Technology Press and Sinter
Metal Injection Molding (MIM)
Additive Manufacturing / Powder Bed Fusion
Isostatic Pressing
By Application Automotive
Industrial Machinery
Electrical and Electronics
Aerospace
Other Applications
By Geography Asia-Pacific China
Japan
India
South Korea
ASEAN
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Egypt
Rest of Middle-East and Africa
By Material Type
Ferrous
Non-Ferrous
By Manufacturing Technology
Press and Sinter
Metal Injection Molding (MIM)
Additive Manufacturing / Powder Bed Fusion
Isostatic Pressing
By Application
Automotive
Industrial Machinery
Electrical and Electronics
Aerospace
Other Applications
By Geography
Asia-Pacific China
Japan
India
South Korea
ASEAN
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Egypt
Rest of Middle-East and Africa
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Key Questions Answered in the Report

What is the current value of the powder metallurgy market?

The market stands at USD 26.34 billion in 2025 and is projected to reach USD 32.96 billion by 2030.

Which region leads the powder metallurgy market?

Asia-Pacific leads with 40% revenue share in 2024 and is forecast to post the fastest 4.8% CAGR.

Why is additive manufacturing gaining share in powder metallurgy?

Multi-laser machines cut lead times up to 80% and raise material utilization above 90%, making additive routes cost-competitive for complex parts.

How is powder metallurgy supporting electric-vehicle production?

Soft-magnetic composites, silicon-anode powders, and near-net-shape gears enable lighter e-powertrains with higher efficiency.

What key restraint could slow market growth?

Export controls on critical minerals such as tungsten and molybdenum have pushed up input costs and tightened supply, reducing short-term profit margins.

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