Powder Metallurgy Market Revenue was valued at USD 6.78 Billion in 2024 and is estimated to reach USD 10.56 Billion by 2033, growing at a CAGR of 5.2% from 2026 to 2033.
The global powder metallurgy market was valued at USD 26.5 billion in 2022 and is projected to grow at a CAGR of 6.8% from 2023 to 2030. North America accounted for the largest share of the market in 2022, primarily driven by the increasing demand from the automotive and aerospace industries. The regions market size was estimated at USD 9.2 billion, driven by advancements in lightweight materials and efficient manufacturing technologies. Europe is expected to follow with significant growth, reaching a market value of USD 8.5 billion by the end of the forecast period. Factors such as the rising adoption of powder metallurgy in automotive applications, particularly for engine components, and demand for durable parts are anticipated to fuel growth across the region. The Asia Pacific market is projected to exhibit the highest growth rate, expanding at a CAGR of 7.2%, with China and India contributing substantially to the regional market expansion. The regions market size was USD 5.7 billion in 2022, boosted by rising industrialization and demand from the manufacturing and automotive sectors. The Latin American and Middle East & Africa (MEA) markets are also expected to grow, albeit at a slower pace compared to the larger regions. Latin America held a market share of approximately USD 1.4 billion in 2022 and is expected to grow steadily due to increasing investments in industrial sectors such as construction, automotive, and energy. Meanwhile, the MEA market is poised for moderate growth with an expected market value of USD 1.1 billion by 2030. This growth will be supported by emerging manufacturing technologies and an increasing shift toward sustainable manufacturing processes. The global market offers ample opportunities for growth due to the increasing demand for lightweight and high strength materials across various industries.
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GKN
Sumitomo Electric Industries
Hitachi Chemical
Fine Sinter
Miba AG
Porite
PMG Holding
AAM
Hoganas AB
AMETEK Specialty Metal Products
Allegheny Technologies Incrporated
Burgess-Norton
Carpenter Technology
Diamet
Dongmu
Shanghai Automotive Powder Metallurgy
Weida
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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 Powder Metallurgy Market
Aerospace
Automotive
Electronics
Medical Devices
Tooling and Machinery
Industrial Equipment
Metallic Powder
Non-metallic Powder
Press and Sinter
Injection Molding
Hot Isostatic Pressing (HIP)
Laser Sintering
Small and Medium Enterprises (SMEs)
Large Corporations
Research Institutions
Ferrous Alloys
Non-ferrous Alloys
Composite Materials
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 Powder Metallurgy 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 Powder Metallurgy Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Powder Metallurgy Market, By Type
6. Global Powder Metallurgy Market, By Application
7. Global Powder Metallurgy Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Powder Metallurgy Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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