Powder Metallurgy Market Size, Share & Trends Analysis Report By Material (Titanium, Steel), By Process (Hot Isostatic Pressing, Metal Injection Molding), By Application (Automotive, Oil & Gas), By End Use, By Region, And Segment Forecasts, 2025 - 2033

Powder Metallurgy Market Growth & Trends

The global powder metallurgy market size is estimated to reach USD 10.19 billion by 2033, registering to grow at a CAGR of 15.1% from 2025 to 2033 according to a new report by Grand View Research, Inc. Increasing initiatives to reduce the weight of aerospace parts by using additive manufacturing along with a rise in demand for lightweight auto parts from the automotive industry drives the market growth.

The aircraft manufacturers are focusing on saving the cost and weight of aircraft parts, which increases the demand for 3D printing materials to deliver high-performance and cost-effective aircraft elements. An increase in the number of 3D printers in terms of feature, size, and material compatibility in the long run coupled with strong competitive strategies to expand through various partnerships and joint ventures is further expected to drive the market growth.

The growing demand from the healthcare industry for personalized prosthetics along with increasing usage of medical devices propels the sales mostly from the metal additive manufacturing market space. In the industrial sector, rapid prototyping and on-site production are estimated to offer promising growth opportunities to market vendors over the projected period.

The COVID-19 pandemic led to the shutdown of manufacturing and metallurgy industries and affected both upsides and downsides in the year 2020. The key end-use sectors of the powder metallurgy industry, including the automotive, aerospace, and consumer goods sectors, have observed a negative trend in FY 2020. For instance, in April 2021, Toyota Motor Corp. experienced a decline in worldwide sales by 5.1% in the fiscal year ending March 2021. This has stalled automotive and other industrial production activities and caused a severe decline in demand for powder metals, such as iron, steel, and aluminum.

Powder Metallurgy Market Report Highlights

• Titanium is anticipated to register the fastest CAGR over the forecast period.
• The Metal Injection Molding (MIM) process segment led the global market in 2024 and is projected to witness steady growth over the coming years owing to the significance of the process in the components manufacturing industry.
• Medical & dental is anticipated to register the fastest CAGR over the forecast period.
• AM operators is anticipated to grow significantly over the forecast period.
• North America accounted for the largest market revenue share of 34.6% in 2024.