Metal Powder Market size was valued at USD 3.73 Billion in 2024 and is forecasted to grow at a CAGR of 6.7% from 2026 to 2033, reaching USD 6.54 Billion by 2033.
The global metal powder market size was valued at approximately USD 7.34 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. The demand for metal powders is increasing across various industries such as automotive, aerospace, and 3D printing, which is driving the growth of this market. The metal powder industry is also benefiting from advancements in manufacturing technologies, such as additive manufacturing and powder metallurgy, which have expanded their applications. The markets growth is supported by the rising demand for lightweight components in the automotive and aerospace sectors, where metal powders are used for the production of high strength parts that are both cost efficient and high performance. Additionally, increasing investments in 3D printing and advanced manufacturing technologies are further boosting the demand for metal powders. The market is expected to reach approximately USD 13.1 billion by 2030, driven by these factors.
Regionally, the metal powder market is dominated by North America and Europe, which together hold a significant share of the global market. North America, led by the United States, is a key contributor to the markets growth, owing to the high demand for metal powders in additive manufacturing and the automotive sector. Europe is also a major market, driven by the presence of several aerospace, automotive, and manufacturing companies. The Asia Pacific region, particularly countries like China and India, is witnessing rapid industrialization, leading to increased demand for metal powders in manufacturing and construction. The Asia Pacific region is expected to experience the highest growth rate during the forecast period, with a CAGR of around 8.1%. The expanding industrial base and demand for advanced materials in this region present significant opportunities for market expansion.
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Hoganas
GKN Hoeganaes
QMP
Laiwu Iron & Steel
JFE
Jiande Yitong
WISCO PM
Alcoa
Shandong Xinfa
Hunan Jiweixin
GGP Metalpowder
SCM Metal Products
Chongqing HuaHao
Vale
Jien Nickel
Xiamen Tungsten
Daido
Ametek
BASF
Sandvik AB
Carpenter Technology
Kennametal
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Metal Powder Market
Ferrous Metal Powder
Non-Ferrous Metal Powder
Precious Metal Powder
Additive Manufacturing
Metal Injection Molding (MIM)
Thermal Spray Coating
Powder Metallurgy
Spherical Powder
Flaked Powder
Atomized Powder
Aerospace
Automotive
Medical
Electronics
Construction
Energy
Gas Atomization
Water Atomization
Mechanical Milling
Chemical Reduction
Electrolytic Processing
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Metal Powder Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Metal Powder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Metal Powder Market, By Type
6. Global Metal Powder Market, By Application
7. Global Metal Powder Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Metal Powder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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