Powder Metallurgy Market Report 2026

The powder metallurgy market size has grown strongly in recent years. It will grow from $4.43 billion in 2025 to $4.86 billion in 2026 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to growth of automotive component manufacturing, rising demand in aerospace and defense, increasing medical and dental applications, expansion of oil and gas industry, development of specialty metal powders.

The powder metallurgy market size is expected to see strong growth in the next few years. It will grow to $7 billion in 2030 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to increasing adoption in electric vehicles, rising need for lightweight automotive components, growth of aerospace and defense modernization, expansion in medical implants and devices, development of advanced metal alloys for high-performance applications. Major trends in the forecast period include increasing adoption of additive manufacturing in powder metallurgy, rising use of metal injection molding for complex components, growing implementation of powder metal hot isostatic pressing, increasing development of high-performance ferrous and non-ferrous alloys, rising focus on cost-effective and energy-efficient powder metallurgy processes.

The growing adoption of additive manufacturing is expected to support the expansion of the powder metallurgy market. Additive manufacturing, also known as 3D printing, is a computer-controlled process that creates three-dimensional objects by building them layer by layer. It represents a key application area within powder metallurgy. During additive manufacturing, metal powders or metal alloy powders are used to form components incrementally, one layer at a time. As more industries adopt this technology, demand for metal powders increases, thereby boosting the powder metallurgy market. For example, in August 2025, GOV.UK reported that 17.1% of SMEs in one city-region had adopted 3D printing - compared with 11% across the rest of the UK - although most (77.7%) were using it at a low or moderate level. Therefore, the rising use of additive manufacturing is expected to drive growth in the powder metallurgy market.

Companies in the powder metallurgy sector are focusing on developing advanced solutions such as high-performance tap products to gain competitive advantages. High-performance tap solutions are specialized tools designed to create internal threads in materials while offering greater durability, precision, and reliability than standard taps. For instance, in July 2023, Erasteel introduced BlueTap Max, a high-performance tap produced from powder-metallurgy high-speed steel grades. The product delivers strong mechanical performance and corrosion resistance, providing excellent longevity and consistent results.

In December 2024, K-TIG Limited acquired Metal Powder Works Inc. to strengthen its capabilities in powder metallurgy and additive manufacturing. The acquisition allows K-TIG to integrate Metal Powder Works’ patented DirectPowder metal powder production technology and expand its portfolio of specialized powders for advanced industrial applications. Metal Powder Works specializes in engineered metal powders designed for additive manufacturing and other high-tech manufacturing processes.

Major companies operating in the powder metallurgy market report are GKN Powder Metallurgy, Höganäs AB, Miba AG, Sandvik AB, Sumitomo Electric Industries Ltd., Kennametal Inc., Fine Sinter Co. Ltd., PMG Holding GmbH, Stackpole International, Porite Corporation, Riken Corporation, Nippon Piston Ring Co. Ltd., AMES Group Sintering, Catalus Corporation, Burgess-Norton Manufacturing Company, Carpenter Technology Corporation, Allegheny Technologies Incorporated, Kyocera Corporation, Advanced Technology & Materials Co. Ltd., Shanghai Malin Metal Products Co. Ltd., FJ Sintered Metals.

Asia-Pacific was the largest region in the powder metallurgy market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the powder metallurgy market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the powder metallurgy market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The powder metallurgy market includes revenues earned by entities by iron powder, steel powder, and nonferrous powder. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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