Chemicals Industry Today
Metal Powder Market Forecast to Reach USD 9.12 Billion by 2030, Driven by Automotive, Additive Manufacturing, and Medical Demand | Reports Mordor Intelligence
The metal powder market is projected to be worth USD 7.21 billion and is expected to grow steadily to USD 9.12 billion by 2030, with a compound annual growth rate (CAGR) of approximately 4.8% between 2025 and 2030.
Industrial sectors such as automotive, aerospace, and healthcare increasingly rely on metal powders for components with high precision, complex shapes, and weight reduction. The transportation sector leads to current demand, but dynamic applications in medical implants and electronics are reshaping long-term usage patterns.
Emerging Key Trends of Metal Powder Market
Transportation Drives Market Demand
The transportation industry, particularly automotive and aerospace, is the largest end-user of metal powders. Demand for lighter and stronger parts-such as gears, bearings, and structural components-helps sustain a major share of market revenue. By 2024, the transportation sector accounted for over 65% of overall metal powder market sales.
Lightweight materials help reduce total vehicle weight, improving fuel efficiency and performance. As automotive manufacturers shift toward electrification and stricter emissions standards, the need for specialized powder grades is increasing.
Growth of Additive Manufacturing
Additive manufacturing (AM), commonly known as 3D printing, continues to shift industry demand for metal powders with tighter specifications on particle size and shape. While traditional press-and-sinter methods currently dominate, AM is among the fastest growing segments with increased adoption in prototyping and production of customized components.
This trend is particularly visible in medical and aerospace applications where complex geometries and low waste are priority factors. As AM technology becomes more accessible, demand for high-quality metal powders for lasers and electron-beam systems is expected to rise.
Regional Growth Patterns
The Asia-Pacific region currently accounts for the largest share of the global metal powder market and is forecasted to grow at the fastest rate to 2030. Factors such as expanding manufacturing bases, rising automotive production, and investments in infrastructure contribute to robust market growth across China, India, Japan, and other key economies.
North America and Europe remain important markets due to ongoing innovation in aerospace and medical applications, combined with established industrial infrastructures.
Specialty Alloy Powder Development
While iron-based powders represent the largest segment of total metal powder consumption, specialty alloys such as titanium and nickel-based powders are gaining traction. These powders are especially important for high-performance applications in aerospace and medical devices where strength-to-weight ratios and material durability are essential.
Explore in-depth insights and regional perspectives, including localized editions like the Japanese market version: https://www.mordorintelligence.com/ja/industry-reports/metal-powder-market?utm_source=industrytoday
Metal Powder Market Segmentation
By Types:
- Iron-Based Powders – Largest share in 2024 due to broad use in automotive components.
- Bronze, Aluminum, Nickel Powders – Serve applications where weight, strength, and corrosion resistance are critical.
- Other Types (Titanium & Specialty Alloys) – Fastest growth segment with high-performance requirements.
By Process
- Atomization – Most widely used procedure, producing fine, spherical particles fit for both traditional and additive methods.
- Hydrometallurgical and Reduction Routes – Smaller but growing niches as producers look for cost efficiencies and alternative processing routes.
By Manufacturing Method
- Press and Sinter – Conventional method that accounts for the largest share of market revenue.
- Additive Manufacturing – Emerging method with higher CAGR, driven by 3D printing adoption.
By End-User Industry
- Transportation – Automotive and aerospace lead consumption.
- Medical – Growing rapidly as metal powder use in implants and surgical tools rises.
- Electrical & Electronics – Precise component production fosters niche expansion.
By Geography
- Asia-Pacific – Leading region with highest revenue share and growth.
- North America & Europe – Significant markets focused on high-performance applications.
- Latin America & Middle East & Africa – Emerging areas with increasing industrial activity.
Explore Competitive Landscape and Details: https://www.mordorintelligence.com/industry-reports/metal-powder-market/companies?utm_source=industrytoday
Top Key Players
Sandvik AB
Rio Tinto Metal Powders
Höganäs AB
GKN Powder Metallurgy
CRS Holdings, LLC
Conclusion:
The Metal Powder Market is expected to maintain steady expansion through 2030, supported by steady demand from traditional manufacturing and rising use in additive production. With the transportation industry continuing as the dominant end-user and medical applications on the rise, market participants can anticipate new opportunities for innovation and specialization.
Regional growth in Asia-Pacific alongside shifting manufacturing priorities in North America and Europe underscores the global dimension of this market. The outlook towards 2030 points toward consistent, diversified demand across sectors, making metal powders a key industrial material for decades to come
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