Metal Powder Market Size

Metal Powder Market size was over USD 6.87 billion in 2024 and is poised to exceed USD 16.16 billion by 2037, growing at over 6.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of metal powder is evaluated at USD 7.24 billion.

The spur in the market growth can be attributed to the increasing demand in the automobile industry. Metal powders are heavily utilized in the automotive sector in various applications such as the manufacture of engine components such as pistons, connecting rods, and cylinder heads, and the manufacture of transmission gears, brake components, suspension systems, and structural parts. Based on data released by the IEA 50, an estimated 16 million passenger cars were sold in countries with advanced economies alone in 2022.

Moreover, factors like improved c, complex geometries, reduced waste and scrap, superior surface finish, and shortened production cycle times in various manufacturing sectors are set to further propel the market growth in the forecast period.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of metal powder is evaluated at USD 7.24 billion.

The metal powder market size was over USD 6.87 billion in 2024 and is poised to exceed USD 16.16 billion by 2037, growing at over 6.8% CAGR during the forecast period i.e., between 2025-2037. The market growth can be attributed to increasing demand in the automobile industry.

Asia Pacific industry is estimated to account for largest revenue share of 44% by 2037, impelled by rising demand from a variety of end-use sectors, including automotive, aerospace, healthcare, and electronics.

The major players in the market are Carpenter Technology Corporation, Hoganas AB, GKN Plc., Rio Tinto, Allegheny Technologies Incorporated, American Chemet Corporation., Carl Schlenk AG, Hitachi Chemical Co., Ltd, Metaldyne Performance Group Inc and Sandvik AB.

Metal Powder Market Size