Top 50 Companies in Powder Metallurgy Market: Statistics Report Till 2035
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Powder Metallurgy Market Size is projected to grow from USD 154.15 Million in 2024 to USD 331.9 Million by 2035, at a CAGR of 7.22% during the forecast period 2025–2035. The market for powder metallurgy is driven by increasing demand for lightweight, high-strength components in the automotive and aerospace industries, as well as advancements in additive manufacturing and metal injection molding (MIM).
Introduction
An advanced metal-forming technique called powder metallurgy involves compacting and precisely shaping metal powders before sintering them to create solid components. With the introduction of metal injection moulding (MIM), additive manufacturing (3D printing), and cutting-edge sintering technologies, powder metallurgy has expanded to meet the demands of contemporary engineering. The market for powder metallurgy is expanding globally due to trends such as electronics miniaturisation, increased use of high-performance alloys in aerospace, and lightweighting for the automobile industry. The Asia Pacific region is also experiencing robust growth in the powder metallurgy market. For example, Japan powder metallurgy market is rapidly growing day by day
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Powder Metallurgy Market Size & Statistics
- The Market Size for Powder Metallurgy Was Estimated to be worth USD 154.15 Million in 2024.
- The Market Size is Going to Expand at a CAGR of 7.22% between 2025 and 2035.
- The Global Powder Metallurg Market Size is anticipated to reach USD 331.9 Million by 2035.
- North America is expected to generate the highest demand during the forecast period in the Powder Metallurgy Market
- Asia Pacific is expected to grow the fastest during the forecast period in the Powder Metallurgy Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the powder metallurgy market. High population density, growing disposable income, and growing use of additive manufacturing in industries like healthcare and automotive are all contributing factors to this expansion. It is anticipated that government programmes encouraging private investment will strengthen the APAC manufacturing sector and increase demand for powder metallurgy solutions.
North America is expected to generate the highest demand during the forecast period in the powder metallurgy market. The field claims a strong manufacturing industry that depends a lot on innovative materials and technologies. Powder metallurgical proposals have different advantages, with design flexibility, cost-effectiveness, and enhanced physical properties, which are highly attractive to manufacturers. North America benefits from a well-established infrastructure for R&D, supported by many educational institutions, research centers, and industry collaboration. This atmosphere promotes continuous progress and innovation in powder metallurgy techniques and applications.
Top 10 trends in the Powder Metallurgy Market
- Growth in additive manufacturing using metal powders
- Development of high-performance alloys for aerospace and defense
- Increased demand for lightweight automotive components
- Advancements in powder production techniques for improved quality
- Adoption of powder metallurgy in medical implants and devices
- Integration of automation and Industry 4.0 in manufacturing processes
- Recycling and reuse of metal powders for sustainability
- Expansion of powder metallurgy in energy storage systems
- Development of hybrid manufacturing techniques combining PM and machining
- Use of nanostructured powders for enhanced material properties
1. Growth in additive manufacturing using metal powders
The use of additive manufacturing, especially metal 3D printing, is growing quickly in sectors like healthcare, automotive, and aerospace. Complex geometries that are challenging to create using traditional manufacturing techniques can be created with high-quality metal powders. This makes it possible to create strong, lightweight parts with little waste. By using on-demand manufacturing and quick prototyping, the technology is also reducing the time it takes to design new products.
2. Development of high-performance alloys for aerospace and defense
Materials with remarkable strength, resistance to corrosion, and stability at high temperatures are essential for the defence and aerospace sectors. Advanced alloys that satisfy these exacting standards are being made possible via powder metallurgy. Specialised powders are being used in the development of components with improved qualities, including engine parts, turbine blades, and structural elements. The variety of materials accessible for these crucial applications is growing as a result of ongoing R&D.
3. Increased demand for lightweight automotive components
Lightweight yet robust parts are becoming more popular as a result of demand on automakers to increase fuel economy and lower emissions. Powder metallurgy makes it possible to produce intricate vehicle components that are both strong and lightweight. PM-made gears, connecting rods, and transmission components help reduce the overall weight of the vehicle.
4. Advancements in powder production techniques for improved quality
Powders with improved flowability, consistent particle sizes, and purity are being produced via recent advancements in powder production, including mechanical alloying, gas atomization, and plasma atomization. These developments enhance the final components' mechanical characteristics and dependability. Both additive manufacturing and conventional PM methods depend on high-quality powders.
5. Adoption of powder metallurgy in medical implants and devices
Powder metallurgy is being used more and more in the medical field to produce biocompatible implants, prosthetics, and surgical tools. PM makes it possible to precisely tailor components to each patient's requirements, enhancing comfort and speeding up recovery. Because of their strength and compatibility with the human body, materials like titanium and cobalt-chrome alloys are often used.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the Powder Metallurgy market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 13 Companies Leading the Powder Metallurgy Market
- Molyworks Materials Corporation
- Advanced Technology & Materials Co., Ltd. (AT&M)
- JSC POLEMA
- Sandvik AB
- Höganäs AB
- GKN PLC
- Rio Tinto Metal Powders
- Rusal
- CRS Holdings Inc.
- Liberty House Group
- ATI Inc.,
- Carpenter Technology Corporation
- Others
1. Ho ganas AB
Headquarters: Sweden
The largest manufacturer of metal powders in the world, Höganäs AB is based in Höganäs, Sweden, and supplies the automotive, additive manufacturing, and industrial engineering sectors. The business provides a large selection of powdered iron and non-ferrous materials with superior material qualities. In order to produce powder sustainably, Höganäs makes significant investments in research and development. This includes recycling programmes and integrating renewable energy sources into its operations. Customers in more than 75 countries are guaranteed a dependable supply thanks to its global network.
2. GKN PLC
Headquarters: United Kingdom
GKN PLC, a prominent powder metallurgy and engineering business with headquarters in Redditch, England, specialises in producing precise parts for industrial, automotive, and aerospace applications. The business runs GKN Powder Metallurgy, which manufactures 3D-printed metal parts in addition to traditional PM components. Its emphasis on strong, lightweight designs promotes the transition to fuel-efficient and electric vehicles. Manufacturing facilities in Europe, Asia, and the Americas are part of GKN's global presence.
3. Sandvik AB
Headquarters: Sweden
Sandvik AB, a world leader in innovative metal cutting, mining equipment, and additive manufacturing solutions, has its headquarters in Stockholm, Sweden. The firm manufactures premium metal powders for the automobile, medical device, and aerospace industries through Sandvik Additive Manufacturing. Stainless steel, titanium, and powdered special alloys with remarkable uniformity are among its products. Sandvik prioritises sustainability and innovation by utilising cutting-edge powder production methods like as gas atomization.
4. Carpenter Technology Corporation
Headquarters: United States
Carpenter Technology, a Philadelphia, Pennsylvania-based company, specialises in premium metal powders and high-performance alloys for demanding applications in the energy, medical, aerospace, and defence industries. Metal powder solutions specifically designed for additive manufacturing are the focus of the company's Carpenter Additive division. In addition to actively investing in research to enhance powder performance and sustainability, Carpenter is renowned for its proficiency with nickel, cobalt, and titanium alloys.
5. Rio Tinto Metal Powders
Headquarters: Canada
Rio Tinto Metal Powders, a division of Rio Tinto with its headquarters located in Sorel-Tracy, Quebec, is a prominent manufacturer of steel and iron powders for use in powder metallurgy. The company's goods are extensively utilised in industrial parts, tools, and automobile components. By using energy-efficient manufacturing methods, it stresses environmental responsibility while running one of the biggest integrated powder metallurgy plants in the world. Customers in North America, Europe, and Asia are served by its worldwide distribution network.
Are you ready to discover more about the Powder Metallurgy market?
The report provides an in-depth analysis of the leading companies operating in the global powder metallurgy market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Molyworks Materials Corporation
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Advanced Technology & Materials Co., Ltd. (AT&M)
- JSC POLEMA
- Sandvik AB
- Höganäs AB
- GKN PLC
- Rio Tinto Metal Powders
- Rusal
- CRS Holdings Inc.
- Liberty House Group
- ATI Inc.,
- Carpenter Technology Corporation
- Others
Conclusion
The powder metallurgy market is increasing in the use of additive manufacturing, growing applications in high-performance industries, and developments in metal powder technology. While Asia-Pacific is becoming the fastest-growing region due to industrial expansion and pro-business government policies, North America is still a crucial market for innovation. The future of the industry is being shaped by trends including sustainable production techniques, hybrid manufacturing, and nanostructured powders. Powder metallurgy is expected to be a key component in the growth of contemporary manufacturing, with top companies such as Höganäs, GKN Powder Metallurgy, Carpenter Technology, Sandvik, and Sumitomo Electric spearheading advancements.
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