Global Powder Metallurgy Market by Material (Aluminum, Nickel, Steel, Titanium, Cobalt, Others); by End-use (Oil & Gas, Automotive, Aerospace & Defense, Industrial, Pharmaceutical, Others); and by Region (North America, Europe, Asia Pacific, Latin America, MEA); - Global Forecasts 2021 to 2027

Date: Dec 2021 Report Id: 147 Category: Chemicals & Materials Report Format: pdf-img excel-img ppt-img word-img

The Global Powder Metallurgy Market was valued at USD 2.34 Bn in 2020 and is expected to reach USD 5.34 Bn by 2027, with a growing CAGR of 12.5% during the forecast period.

Global Powder Metallurgy Market Definition

Powder metallurgy is a metal-forming technique that involves heating compressed metal powders to below melting temperatures. Powder metallurgy has recently gained widespread acceptance as a superior method of making high-quality parts for a range of critical applications. This achievement may be attributed to the process advantages over other metal forming procedures like forging and metal casting. Additionally, material utilization, shape complexity, and near-net-shape dimensional control are among other procedures.

Powder Metallurgy Market

Global Powder Metallurgy Market Dynamics

Growing demand for powder metals in aerospace applications is anticipated to drive the powder metallurgy market growth during the forecast period. For instance, in 2020, Kymers (US) announced to buy Ametek,Inc (US) to acquire 100% of the shares of the Reading Alloys business.

Additionally, the most common material used in powder metallurgy is aluminum, as it is in great demand across the globe due its strong strength, low density, and excellent electrical and thermal conductivity. Aluminum and its alloys are widely used in a several industries, including automotive, aerospace, packaging, cooking utensils, construction, and electrical cabling. However, primary aluminum (aluminum derived from ores) comes from a restricted number of sources as a result, effective aluminum recycling is critical.

Moreover, traditional casting is frequently used to recycle aluminum and its alloys. However, this procedure is inefficient, the researchers are developing aluminum recycling systems that provides maximum efficiency. Due to its high material utilization, low energy consumption, powder metallurgy is one of the unique approaches for recycling aluminum. Powder metallurgy is also advantageous in the production of aluminum-based metal foams. Powder metallurgy may be used in a variety of ways to create aluminum-based metal foams. Because of their exceptional characteristics, such as low density and great energy absorption capacity, aluminum-based metal foams are used in crashworthiness (ability of a structure to protect its occupants during an impact) applications. However, high tooling costs may hamper the powder metallurgy market growth throughout the forecast period.

The Global Powder Metallurgy Market Segmentation:

By Material

  • Aluminum
  • Nickel
  • Steel
  • Cobalt
  • Others

By End-use

  • Oil & Gas
  • Automotive
  • Aerospace & Defense
  • Industrial
  • Pharmaceutical
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The unique insights provided by this report also include the following:

  • In-depth Value Chain Analysis
  • Opportunity Mapping
  • Sector Snapshot
  • Key Players Positioning Matrix
  • Regulatory Scenario
  • Strategies Adopted-benchmarking Heat Map
  • Market Trends
  • Covid-19 Impact Analysis
  • Product Comparison
  • Pre & Post COVID-19 Impact on the Powder Metallurgy Market
  • Competitive Landscape

Based on material, the steel segment is expected to bolster the powder metallurgy market demand during the forecast period due to its cheap availability

Based on material, the market is segmented into aluminum, steel nickel, titanium, cobalt, and others. Steel is considered as one of the cheapest materials in additive manufacturing, which can also be utilized in a mixture with other metals, such as bronze, titanium, and aluminum. For instance, AMETEK (US), manufacturer of electromechanical devices and tools generated a revenue of approximately USD 5 billion. The low cost and easy availability of steel is expected to increase its utilization in the 3D printing of large products, including machines, car frames, and transport equipment over the coming years. Other applications of steel include spare parts and fully functional components.

Based on end-use, the automotive segment in the powder metallurgy market is expected to hold the largest market share during the forecast period owing to increasing demand for automobiles

Based on end-use, the market has been segmented into oil & gas, automotive, aerospace & defense, industrial, pharmaceutical, others. Powder metal parts inhibit controlled porosity and self-lubricating properties that enable them to filter gases and liquids. Powder metallurgy is also a preferred method for manufacturing components with complicated shapes and projections. Additionally, the ability to manufacture mechanical parts with a variety of compositions, such as metals-nonmetals and metal-metal combinations, allows the manufacturing of high-dimensionally accurate vehicle components with minimum scrap and material waste. The most popular automotive parts created using the powder metallurgy method are bearings and gears. For example, worldwide automobile sales in 2019 registered 74 million units.

Based on region, North America is expected to hold the largest market share during the forecast period

Based on region, the global powder metallurgy market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold the largest market share during the forecast period. Increasing demand for vehicles and the presence of aerospace industries is expected to drive the market growth during the forecast period. For instance, according to reports, NASA's Perseverance rover, expected to land on Mars on February 2021 as part of the Mars 2020 mission, may had carried eleven metal additive produced parts. Additionally, the powder metallurgy industry in North America has seen one of the tough times of production and sales (metal powders, equipment, and components), as manufacturing in North America was interrupted during the pandemic, since the car industry is the largest consumer of powder metallurgy parts, the logistics segment came to a halt due to the Covid-19 pandemic, which impacted the powder metallurgy market severely. The assembly lines were shut down as a result of the regulations. This encouraged individuals to cook at home and gave them time to rebuild their kitchens, garages, and laundry facilities. This created an opportunity for powder metallurgy material suppliers.

Moreover, metal powder shipments projected well in 2020 before crashing in April and May, before beginning to rebound in June. When all the figures were added up, total metal powder shipments in North America fell by ~19 % to 332,833 MT (366,960 st). Historically, iron powder shipments in North America paralleled in the automotive sector, with more than 70% of the iron powder transported going to parts for ICE cars and light trucks, as there has been a lot of concern about the transition to alternative fuel systems and the inevitable disappearance of ICE (Internal Combustion Engine).

The report also provides an in-depth analysis of powder metallurgy market dynamics such as drivers, restraints, opportunities, and challenges


  • The demand for lightweight powder metallurgy components is likely to increase as a result of stringent government regulations aimed at improving fuel efficiency
  • Growing investments in advanced powder metallurgy research
  • Growing demand for powder metallurgy in aerospace applications


  • High raw material costs
  • High tooling costs


  • Green machining in powder metallurgy


  • Porosity in raw materials

COVID-19 Impact on the Powder Metallurgy Market Analysis

COVID-19 has destabilized value chains, caused governments to respond with restricted movement of people, labor, goods, and transportation across the globe, technology will have its limitations, and any setup without an alternate supply will face a major setback due to supply chain constraints, Moreover, in India despite government initiatives such as the 20-lakh crore package for economic revival helping to drive localization. On the annual basis, about a million tonnes of iron powder are produced across the world. Around 90% of this quantity is used in the manufacture of sintered components, with the automobile sector accounting for 75-80% of sintered components. The rest can be found in mass-produced appliances, commercial machinery, bicycles, hand tools, and other instruments. For instance, Hoganas (Sweden) has the largest market share of sponge iron powder in the world. Other global players, such as Quebec and Kobe, produce atomized and lower grades. In India, Chinese firms sell a combination of these, but their prices are higher.

The report also provides an in-depth analysis of key trends in the powder metallurgy market

  • The inclination of players towards Metal Injection Molding (MIM) and metal additive manufacturing
  • Increasing demand for powder metallurgy in the pharmaceutical industry such as hip cup implants

The report also provides an in-depth analysis of recent news developments and investments

  • In November 2021, Massachusetts-based Desktop Metal (US) has established a new in-house production facility that is expected to expand the final assembly space now dedicated to the production system metal 3D-printing platform. The facility is part of Desktop Metal's strategic goal to expedite the production ramp of the business's flagship Production System P-50 printer, for which the company is now sourcing components and assembling initial models, with shipments expected in the fourth quarter of 2021.
  • In November 2021, GKN Additive (UK) successfully adapted and upgraded DP600-like material for additive manufacturing a widely used low-alloy, dual-phase steel in the automobile sector (AM). This advancement allows the introduction of a wide range of designs and uses in the automobile and other industries.

Company Profiles and Competitive Intelligence

The key players operating in the powder metallurgy market are:

  • Sandvik AB
  • Carpenter Technology Corporation
  • Hoganas AB 
  • GKN Plc
  • Rio Tinto Metal Powders
  • Allegheny Technologies Incorporated
  • American Chemet Corporation
  • Carl Schlenk AG
  • Hitachi Chemical Co., Ltd
  • LIBERTY Steel Group
  • Sumitomo Electric Industries, Ltd
  • Miba AG
  • ATI
  • Metaldyne Performance Group Inc.

Frequently Asked Questions (FAQs)

The global powder metallurgy market was valued at USD 2.34 Bn in 2020 and is anticipated to reach USD 5.34 Bn by 2027.
The powder metallurgy market is estimated to grow at a compound annual growth rate (CAGR) of 12.5% during the forecast period.
North America is expected to hold the largest market share during the forecast period.
A few key players include Sandvik AB, Carpenter Technology Corporation, Hoganas AB, GKN Plc., Rio Tinto, Allegheny Technologies Incorporated, American Chemet Corporation, Carl Schlenk AG, Hitachi Chemical Co., Ltd, and Metaldyne Performance Group Inc.
High raw material costs are the major restraining factor that hampers the growth of the market.
Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

  1. Market Introduction
    1. Definition
    2. Scope of the Study
    3. List of Assumptions
    4. Market Structure
    5. Scope of the Study: Segmentation 
    6. Timeframe, Currency and Limitations
  2. Research Methodology
    1. 3P Research Approach
    2. Market Sizing Approach
    3. Data Sources
    4. Primary Research Coverage
  3. Executive Summary
    1. Market Summary
    2. Market Snapshot
    3. Regional Snapshot
    4. Country Snapshot
  4. Premium Insights
    1. Key Trend Analysis
    2. New revenue Pockets
    3. Pain Point Analysis
    4. Company Market Share Analysis, by Region
    5. Strategies Adopted-Benchmarking Heat Map
    6. Regulatory Landscape
    7. PESTEL Analysis
    8. Regional Lifecycle
    9. Competitive Benchmarking
  5. Market Overview & Competitive Landscape
    1. Competitive Landscape
    2. Investment Scenario by key Players
    3. Key Player Overview
    4. Product comparison
    5. Player Wise Geographic Presence
    6. Player Wise Target Customer Segment
    7. Recent News
      1. Product Launches & upgrades
      2. R&D / Innovation
      3. Merger & Acquisition
      4. JV & Partnership
      5. Recognition and others
  6. Market Segmentation (Market Size and Share Analysis)
    1. Global Market Size & Historic Growth
    2. Market Size by Material
      1. Aluminum
      2. Nickel
      3. Steel
      4. Cobalt
      5. Others
    3. Market Size by End-use
      1. Oil & Gas
      2. Automotive
      3. Aerospace & Defense
      4. Industrial
      5. Pharmaceutical
      6. Others
  7. Market Dynamics
    1. Market Drivers
    2. Opportunities
    3. Value Chain Analysis
    4. Pricing Analysis
  8. COVID – 19 Opportunity Mapping
    1. Key Drivers & Anticipated Revival Period
    2. Key Trends Analysis
    3. Impact on End user Industry
    4. Opportunity Analysis
  9. Regional Market Analysis
    1. North America
      1. US
      2. Canada
    2. Europe
      1. UK
      2. Germany
      3. France
      4. Italy
      5. Spain
      6. Rest of Europe
    3. APAC
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    4. Latin America
      1. Mexico
      2. Brazil
      3. Argentina
      4. Rest of LATAM
    5. Middle East & Africa
      1. GCC
      2. Rest of MEA
  10. Company Profiles
    1.  Sandvik AB
      1. Company Fundamentals
      2. Financial Analysis (Subject to Availability)
      3. Product Portfolio
      4. SWOT Analysis
    2. Carpenter Technology Corporation
    3. Hoganas AB 
    4. GKN Plc.
    5. Rio Tinto Metal Powders
    6. Allegheny Technologies Incorporated
    7. American Chemet Corporation
    8. POLEMA
    9. Carl Schlenk AG
    10. Hitachi Chemical Co., Ltd
    11. LIBERTY Steel Group
    12. Sumitomo Electric Industries, Ltd
    13. Miba AG
    14. ATI
    15. Metaldyne Performance Group Inc

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