Metal Powder Market Size and Share - Outlook Report, Forecast Trends and Growth Analysis (2025-2034)

The global metal powder market was valued at USD 6.95 Billion in 2024. The industry is expected to grow at a CAGR of 4.30% during the forecast period of 2025-2034 to attain a valuation of USD 10.59 Billion by 2034.

It is estimated that China will develop at a faster rate in comparison to other nations due to its rapid economic growth, increasing demand from end-user sectors, and fast urbanisation, thus, propelling the industry growth in the Asia-Pacific region and aiding the global metal powder market.

Market Segmentation

The global metal powder market can be divided based on segments like metal forms, types, production methods, and compaction techniques.

The industry can be divided based on its metal form as:

• Scrap/Recycled Metal
• Ores/Pure Metal

The industry can be divided on the basis of its types as:

• Ferrous Metal Powder
• Non-Ferrous Metal Powder
• Others

The industry can be divided based on its production method into:

• Physical Method
• Chemical Method
• Mechanical Method

The industry can be broadly categorised on the basis of its compaction technique into:

• Cold Compaction
• Hot Compaction

Looks into the regional metal powder markets like:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Market Analysis

The growing demand from end-user industries and advancements in the metal powder sector are accelerating the industry's development. The growing significance of powder metallurgy has set the stage for the colossal production of metal powders, mainly iron and steel, closely trailed by aluminium, copper, and nickel. The increased manufacturers' focus on turning metal powders into useful parts of engineering is boosting the metal powder market growth. As with metal powders it is comparatively easier to obtain the required shapes from strong metals, that otherwise is impossible to produce, the sales of metal powders is likely to increase over the forecast period, aiding the overall industry growth.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global metal powder market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Sandvik AB
• CRS Holdings Inc.
• RIO Tinto Ltd
• Allegheny Technologies Incorporated
• Alcoa Inc.
• Hoganas AB
• Others

The report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.