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Additive Manufacturing Reshapes Powder Metallurgy Market Landscape: Strategic Insights Driving Powder Metallurgy Market Momentum in 2025
Powder Metallurgy
Powder Metallurgy Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been robust growth in the size of the powder metallurgy market in the past few years. The market is projected to increase from $4.12 billion in 2024 to $4.5 billion in 2025, with a compound annual growth rate (CAGR) of 9.3%. The historical growth can be credited to developments in materials used for renewable energy, industrial machinery and automation, the introduction of additive manufacturing, the creation of specialized alloys, and a surge in the demand for consumer electronics.
Powder Metallurgy Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the powder metallurgy market is predicted to experience a significant surge and is projected to reach $6.69 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 10.4%. Influencing the growth in the anticipated period is a move towards sustainable manufacturing, technological progress in additive manufacturing, increasing usage of powder metallurgy in the aerospace sector, and the inception of high-performance alloys. Noteworthy trends for the projected period include the use in industrial applications and machinery, the emphasis on sustainability and recycling, the consumer electronics sector, medical devices and implants, and sustainable energy infrastructure.
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What Are the Drivers Transforming the Powder Metallurgy Market?
The growth of the powder metallurgy market going forward is anticipated to be fuelled by the rising use of additive manufacturing. The 3D printing, also known as additive manufacturing, is a computer-regulated process that manufactures 3D products by stacking repetitive layers of monomeric materials. Powder metallurgy's significant aspect is additive manufacturing. This process uses metal powders or metal alloy powders to build objects layer-by-layer. The requirements for more metal powders as a result of adopting additive manufacturing are expected to increase the demand for powder metallurgy. For example, the US-based government-funded organization, the National Center for Biotechnology Information, estimates that additive manufacturing contributes about $667 million to the total global manufacturing value added, equal to about 0.01%. In the US, this value added equates to roughly $241 million. Thus, the expected increase in the adoption of additive manufacturing is projected to fuel the growth in the powder metallurgy market.
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What Long-Term Trends Will Define the Future of the Powder Metallurgy Market?
Emerging trends in the powder metallurgy market are primarily driven by product innovations. In order to remain competitive in this market, leading companies continually strive to innovate. For instance, in July 2022, EOS GmbH, a prominent Germany-based organization specializing in laser sintering 3D printing technology, introduced EOS NickelAlloy HAYNES as a novel offering for additive manufacturing machines. This material, which is a powder metallurgy product, is a precipitation-strengthened nickel-base superalloy. It pairs high-temperature strength with thermal stability and ease of fabrication. Common uses for this material are parts for gas turbines, turbomachinery, aerospace and rocket engines, and various applications within the energy sector. The EOS NickelAlloy HAYNES 282 is notable for its high ductility and low strength.
Which Segments in the Powder Metallurgy Market Offer the Most Profit Potential?
The powder metallurgy market covered in this report is segmented -
1) By Material: Titanium, Nickel, Steel, Aluminum, Cobalt, Other Materials
2) By Process: Additive Manufacturing, Metal Injection Molding, Powder Metal Hot Isostatic Pressing
3) By Type: Ferrous, Non-Ferrous
4) By Application: Aerospace and Defense, Automotive, Medical and Dental, Oil and Gas, Other Applications
Subsegments:
1) By Titanium: Titanium Powder, Titanium Alloy Powder
2) By Nickel: Nickel Powder, Nickel Alloy Powder
3) By Steel: Stainless Steel Powder, Carbon Steel Powder, Low Alloy Steel Powder
4) By Aluminum: Aluminum Powder, Aluminum Alloy Powder
5) By Cobalt: Cobalt Powder, Cobalt Alloy Powder
6) By Other Materials: Copper Powder, Molybdenum Powder, Iron Powder, Others
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Which Firms Dominate the Powder Metallurgy Market by Market Share and Revenue in 2025?
Major companies operating in the powder metallurgy market include GKN Powder Metallurgy, Höganäs AB, Sumitomo Electric Industries Ltd., Sandvik AB, Miba AG, Hitachi Chemical Co. Ltd., Carpenter Technology Corporation, Fine Sinter Co. Ltd., PMG Holding GmbH, Allegheny Technologies Incorporated (ATI), Stackpole International, Porite Corporation, Shanghai Malin Metal Products Co. Ltd., H.C. Starck GmbH, RYOBI Limited, Advanced Technology & Materials Co. Ltd., AAM (American Axle & Manufacturing), Catalus Corporation, Burgess-Norton Manufacturing Company, Riken Corporation, Nippon Piston Ring Co. Ltd., Precision Sintered Parts Pvt. Ltd., Samvardhana Motherson Group, AMES Group Sintering, ExOne, Kennametal Inc., Höganäs North America, Powder Alloy Corporation, Kyocera Corporation, FJ Sintered Metals
Which Regions Offer the Highest Growth Potential in the Powder Metallurgy Market?
Asia-Pacific was the largest region in the powder metallurgy market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the powder metallurgy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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