Metal Powder Market (2025-2032)
The Metal Powder Market is expected to reach $10.2 billion by 2032, at a CAGR of 6.2% from 2025 to 2032.
- Published
- May 2024
- Pages
- 250
- Format
- PDF + Excel
- Report ID
- MRCHM - 1041177
- Base year
- 2024
- 2032 · FORECAST
- $10.20B
- 2032
- $10.20B
- CAGR 2025–2032
- 6.2%
2024 baseline · 2025–2032 forecast at 6.2% CAGR · hover a bar for the value
Key highlights
The Metal Powder Market is expected to reach $10.2 billion by 2032, at a CAGR of 6.2% from 2025 to 2032.
Moreover, the mechanical method segment is expected to record the highest CAGR during the forecast period.
In 2025, Asia-Pacific is expected to account for the largest share of above 37.0% of the metal powder market. The segment’s large share is attributed to the presence of a large number of manufacturing companies in China, South Korea, and Japan, along with the strong presence of automobile, industrial manufacturing, and electronics & semiconductor companies, and Southeast Asia’s tremendous growth in the manufacturing sector.
Report summary
| Particulars | Details |
|---|---|
| Number of Pages | 250 |
| Format | |
| Forecast Period | 2025–2032 |
| Base Year | 2024 |
| CAGR (Value) | 6.2% |
| Market Size (Value) | USD 10.2 Billion by 2032 |
| Segments Covered | By Metal Type · Ferrous Metal Powder · Iron Powder · Steel Powder · Other Ferrous Metal Powder · Non-ferrous Metal Powder · Aluminium Powder · Copper Powder · Titanium Powder · Brass Powder · Other Non-ferrous Metal Powder · By Application · Additive Manufacturing · Metal-injection Moulding · Pressing & Sintering · Other Technology · By Source · Pure/Ore Metal Powder · Recycled Metal Powder · By Production Method · Chemical Method · Mechanical Method · Physical Method · By End User · Automotive · Aerospace & Defense · Heavy Machinery & Tools · Medical & Dental Devices · Oil & Gas · Chemical · Construction · Energy & Power · Transportation · Other End Users |
| Countries Covered | Europe (U.K., Germany, France, Italy, Spain, Sweden, Switzerland, Netherlands, Norway, Austria, Denmark, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Australia, Malaysia, Rest of Asia-Pacific), North America (U.S., Canada), Latin America (Brazil, Mexico, Rest of Latin America), and the Middle East & Africa (Israel, UAE, Rest of Middle East & Africa) |
| Key Companies | Höganäs AB (Sweden), GKN Powder Metallurgy (U.K.), Advanced Technology & Materials Co., Ltd. (China), Sandvik AB (Sweden), AMETEK Inc. (U.S.), Tekna Holding ASA (Canada), BASF SE (Germany), Aubert & Duval (France), Alcoa Corporation (U.S.), ATI Inc. (U.S.), Carpenter Technology Corporation (U.S.), RusAL (Russia), Rio Tinto (U.K.), Kymera International (U.S.), and Praxair S.T. Technology, Inc. (U.S.) |
Report overview
Segments covered: metal type, application, source, production method. Regions: Europe, Asia-Pacific, North America, Latin America, Middle East & Africa.
The growth of the metal powder market is driven by increasing demand for additive manufacturing (AM) and an increased focus on recycling metal waste for the production of metal powder. However, the health hazards of using metal powder are a factor restraining the growth of this market.
Furthermore, the rising demand for lightweight parts across several end-use industries, and advancements in powder metallurgy are expected to generate growth opportunities for the stakeholders in this market. However, maintaining the quality and consistency of metal powders is a major challenge impacting the market’s growth.
Report infographic
Market dynamics
5 factors across 3 forcesIncreasing Demand for Additive Manufacturing (AM) is Boosting the Market Growth
Metal powders used for additive manufacturing are revolutionizing the industry by boosting production capabilities through innovation and sustainability. The increasing adoption of additive manufacturing (AM) techniques across various industries significantly contributes to the growing demand for high-quality, customized metal powders. High-quality metal powder is important for successful powder bed fusion in metal additive manufacturing. Various metals such as titanium, steel, stainless steel, aluminum, copper, and nickel-based powders are used, depending on the method being employed. Large multinationals and smaller pioneering entrepreneurs are using additive manufacturing in production on an everyday basis and the number of small and medium companies that are using it is increasing every year. Such increasing demand for additive manufacturing (AM) is expected to support market growth.
Rising Focus on Recycling Metal Waste for the Production of Metal Powder is Driving the Demand for the Metal Powder Market
The importance of recycling metal scrap and waste for the production of metal powder is increasing due to the benefits of saving costs or generating revenue for companies. Production of metal powder through recycling of metal scrap/waste contributes to a sustainable environment and society through conserving energy and resources and decreasing pollutants. One of the big advantages of recycling metal scrap is that it lessens the amount of greenhouse gas emissions produced from mined ore. Several players are expanding facilities to recycle metal waste to produce metal powder. For instance, in October 2024, Epson Atmix Corporation (Japan) announced to invest almost $37 million (5.5 billion Yen) in a new facility in Hachinohe, Japan, to recycle metal waste in order to produce the raw material for metal powder production. Hence, manufacturers are focusing on recycling low-value metal scrap for converting it into higher-value metal powders for the production of parts & components, which will eventually reduce overall manufacturing cost per part.
Table of contents
13 chapters · 137 sections · 250 pages · click to expandSegmental analysis
| Segment | Largest share (2025) | Fastest growth (2025–2032) |
|---|---|---|
| By Metal Type | Segment’s large market share | Non-ferrous metal powder |
| By Application | Pressing & sintering | Additive manufacturing |
| By Source | — | — |
| By Production Method | Mechanical method | — |
| Other segments | — | Mechanical method |
| By End User | Heavy machinery & tools | — |
By Metal Type
- The metal powder market is broadly segmented into ferrous metal powder and non-ferrous metal powder.
- The ferrous metal powder segment is expected to account for the larger share of above 65.0% of the metal powder market.
- The segment’s large market share is mainly attributed to factors such as the wide use of ferrous metal powder in end-use industries such as defense, aerospace, construction, automotive, and healthcare; additional benefits such as strength and durability of ferrous metal over non-ferrous; and due to the growing preference for atomized iron powder in industrial raw materials.
- However, the non-ferrous metal powder segment is expected to record the highest CAGR during the forecast period.
- This segment's growth is mainly driven by the growing use of composite materials in additive manufacturing, the increasing popularity of titanium powders for the application of aerospace parts to car components, and new alloy developments.
By Application
- The metal powder market is segmented into additive manufacturing, metal-injection moulding, pressing & sintering, and other technology.
- The pressing & sintering segment is expected to account for the largest share of the metal powder market.
- The segment’s large share is mainly attributed to the increased use of pressing & sintering for the production of solid & strong parts of desired geometry from raw metal powder, also due to its cost-effectiveness and growing focus of manufacturing companies on increasing production capacity.
- For instance, in February 2025, SAP PARTS Pvt.
- Ltd (India) installed a new metal powder press at its sintering facility to increase production capacity and improve the compaction process.
- However, the additive manufacturing segment is expected to record the highest CAGR of 9.0% during the forecast period.
- The growth of this segment is mainly driven by the growing focus of companies on the development of new alloys, increased use of additive manufacturing for prototyping, jewelry-making applications, and production of lightweight parts for the various industries, including aerospace, automotive, and defense; and increase focus of metal powder companies on expanding production of metal powders for additive manufacturing.
- For instance, in October 2021, Pometon S.p.A.
- (Italy) established PometonPlus, a new business division specializing in the production of metal powders for Additive Manufacturing.
- Moreover, the recycled metal powder segment is expected to record the highest CAGR during the forecast period.
- This segment's growth is mainly driven by the increasing use of scrap and discarded parts as feedstock to make new powders for additive manufacturing and increased manufacturing activities.
By Source
- The metal powder market is segmented into pure/ore metal powder and recycled metal powder.
- The recycled metal powder segment is expected to account for a large share of above 56.0% of the metal powder market.
- The segment’s large share is mainly attributed to factors such as the increased focus of companies on sustainability, creating circular loops for metals, and increased development of metal powder recycling systems.
By Production Method
- The metal powder market is segmented into chemical method, mechanical method, and physical method.
- The mechanical method segment is expected to account for the largest share of above 44.0% of the metal powder market.
- The segment’s large share is mainly attributed to factors such as the use of grinding and crushing processes for the production of metal powders due to their cost-effectiveness.
Other segments
- Moreover, the mechanical method segment is expected to record the highest CAGR during the forecast period.
- This segment's growth is mainly driven by the growing use of recycled metal powder and mechanical processes' ability to obtain ultrafine powders of high melting point metals.
- Moreover, the aerospace & defense segment is expected to record the highest CAGR during the forecast period.
- This segment's growth is mainly driven by the growing use of metal powder for the production of aerospace parts with a high strength-to-weight ratio, the development of new consistent alloys, and the growing use of 3D printing for the prototyping of aircraft, spacecraft, and defense components.
By End User
- The metal powder market is segmented into automotive, aerospace & defense, heavy machinery & tools, medical & dental devices, oil & gas, chemical, construction, energy & power, transportation, and other end users.
- The heavy machinery & tools segment is expected to account for the largest share of above 33.0% of the metal powder market.
- The segment’s large share is mainly attributed to factors such as the increased use of metal powder in heavy machinery & tools manufacturing due to material flexibility, application versatility, and cost-effectiveness; increased use of additive manufacturing for the production of complex heavy machinery & tools parts; and growth in the use of composite materials in heavy machinery & tools manufacturing.
Geographic analysis
Asia-Pacific
Largest shareIn 2025, Asia-Pacific is expected to account for the largest share of above 37.0% of the metal powder market. The segment’s large share is attributed to the presence of a large number of manufacturing companies in China, South Korea, and Japan, along with the strong presence of automobile, industrial manufacturing, and electronics & semiconductor companies, and Southeast Asia’s tremendous growth in the manufacturing sector. Moreover, Asia-Pacific is projected to register the highest CAGR of 7.5% during the forecast period. The growth of this region is attributed to rising industrialization, growing urbanization, growing adoption of industrialization 4.0, and increasing demand from the automotive sector across the region. In 2025, Asia-Pacific to Dominate the Metal Powder Market
Competitive landscape
- March 2025
Sandvik AB (Sweden) Osprey C18150, a copper-based metal powder tailored for applications that require increased mechanical strength at high temperatures while maintaining high electrical and thermal conductivity.
- February 2025
Kymera International (U.S.) acquired Royal Metal Powders Inc. (U.S.), a manufacturer of water and air-atomized copper-based powders, to reinforce Kymera’s position as a well-capitalized and high-growth supplier of niche specialty materials.
- November 2024
HP Inc. (U.S.) collaborated with Sandvik AB (Sweden) to pioneer a new era of advanced materials for 3D printing. This collaboration also expanded the already successful collaboration to develop the foundational HP Metal Jet 17-4PH stainless steel powder.
- Höganäs AB · Sweden
- GKN Powder Metallurgy (U.K.)
- Advanced Technology & Materials Co., Ltd. · China
- Sandvik AB · Sweden
- AMETEK Inc. (U.S.)
- Tekna Holding ASA · Canada
- BASF SE · Germany
- Aubert & Duval · France
- Alcoa Corporation (U.S.)
- ATI Inc. (U.S.)
- Carpenter Technology Corporation (U.S.)
- RusAL · Russia
- Rio Tinto (U.K.)
- Kymera International (U.S.)
- Praxair S.T. Technology, Inc. (U.S.)
Frequently asked questions
The Metal Powder Market refers to the production and sale of powdered metals used in various industries like automotive, aerospace, and additive manufacturing. These powders are vital for processes such as powder metallurgy.
Cite this report
Meticulous Research. (2024). Metal Powder Market - Global Opportunity Analysis and Industry Forecast (2025-2032) (Report No. MRCHM - 1041177). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/metal-powder-market-5860