Metal Powder Market Report 2026

The metal powder market size has grown strongly in recent years. It will grow from $7.99 billion in 2025 to $8.55 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growth of automotive manufacturing, rising use of metal powders in electrical and electronics, expansion of medical device production, increasing adoption in chemical and metallurgical applications, growth of defense and construction industries.

The metal powder market size is expected to see strong growth in the next few years. It will grow to $11.34 billion in 2030 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to increase in additive manufacturing applications, rising demand for lightweight transportation components, expansion of precision engineering applications, growing use in aerospace and defense segments, adoption of advanced powder production and atomization technologies. Major trends in the forecast period include rising demand for metal powders in additive manufacturing, growing adoption of powder metallurgy for industrial components, increasing use of metal injection molding in precision parts, expansion of specialty and precious metal powders, focus on high-purity and consistent particle size powders.

The rising demand for electric vehicles is anticipated to drive the growth of the metal powder market in the future. Electric vehicles (EVs) are powered by electric motors using electricity stored in batteries, charging through electric sources rather than relying on fossil fuels like gasoline or diesel. Metal powder is used in electric vehicles to produce lighter components compared to traditional forged alternatives, including applications in battery production, motor manufacturing, and 3D printing for creating lightweight, high-strength parts. For example, in July 2023, the International Energy Agency, a France-based autonomous intergovernmental organization, reported that over 2.3 million electric cars were sold in the first quarter of 2023, marking a 25% increase from the same period in 2022. By the end of 2023, sales are projected to reach 14 million, representing a 35% year-on-year growth, with acceleration expected in the second half of the year. Thus, the growing demand for electric vehicles is fueling the expansion of the metal powder market.

Major companies operating in the metal powder market are directing their efforts towards developing advanced platforms that implement technologies such as cold hearth technology to maximize profits. Cold hearth technology is a metallurgical process involving the melting and refining of metal in an environment with relatively lower temperatures compared to traditional methods. In November 2023, Continuum Powders, a US-based sustainable metal powder manufacturer, introduced the Greyhound M2P 3.0, an updated version of its powder atomization platform. This platform streamlines the recycling process, converting alloyed metal waste-stream products into powder in a single step. The upgraded platform employs high-intensity DC plasma heat sources, incorporates cold hearth technology for purity, and supports smaller order quantities and custom alloy configurations.

In November 2023, 6K Additive, a US-based company specializing in sustainable materials for additive manufacturing, acquired Global Metal Powders LLC for an undisclosed amount. Through this acquisition, 6K Additive intends to strengthen its metal powder production capabilities by incorporating GMP’s proprietary technology for processing titanium, chromium, molybdenum, niobium, tantalum, and tungsten powders, while also expanding its recycling and feedstock preparation processes. Global Metal Powders LLC is a US-based company dedicated to advanced manufacturing and processing of high-purity metal powders.

Major companies operating in the metal powder market report are Höganäs AB, GKN plc, Sandvik AB, Allegheny Technologies Incorporated, Carpenter Technology Corporation, Kymera International, H.C. Starck GmbH, Polema Industries Limited, Royal Metal Powders Inc., Molyworks Materials Corporation, Xiamen Tungsten Co. Ltd., JFE Steel Corporation, Alcoa Corporation, Angang Group Aluminium Powder Co. Ltd., GGP Metalpowder AG, Shandong Luyin New Material Technology Co. Ltd., Hangzhou Yitong New Materials Co. Ltd., Hunan Ningxiang Jiweixin Metal Powder Co. Ltd., Showa Denko Materials Co. Ltd., Mitsubishi Chemical Corporation, Sumitomo Chemical Co. Ltd.

Asia-Pacific was the largest region in the metal powders market in 2025. The regions covered in the metal powder market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the metal powder market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The metal powder consists of sales of lead powder, tin powder, bismuth powder, antimony powder, and cadmium powder. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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