분말야금 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the powder metallurgy market size is estimated at USD 26.38 billion in 2026, and is expected to reach USD 32.97 billion by 2031, at a CAGR of 4.56% during the forecast period (2026-2031).

This report is Segmented by Material Type (Ferrous and Non-Ferrous), Manufacturing Technology (Press and Sinter, Metal Injection Molding, and More), Application (Automotive, Industrial Machinery, Electrical and Electronics, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Global Powder Metallurgy Market Trends and Insights

Increasing Preference for PM in Lightweight E-Powertrain Components In North America

Electric-vehicle programs in the United States elevated powder metallurgy because soft-magnetic composites achieve relative permeabilities above 500 at 10 kHz, allowing motor-stator cores to shrink 15-20% without torque loss. General Motors and Ford locked multi-year agreements totaling 120,000 tons annually with domestic sintering suppliers for Ultium and BlueCruise platforms in 2024. These contracts favor North American atomization capacity that complies with the Inflation Reduction Act content rules. Component life targets of 200,000 km require dimensional stability within +-0.02 mm at 180 °C, conditions that die-cast aluminum cannot meet.

Surge in Demand for Net-Shape Additive Metal Components Across Europe

Powder bed fusion reached serial production when Airbus integrated 14 titanium brackets per A320neo in 2025, trimming 180 kg from each airframe. Material-buy efficiency rose from 15% to 95%, saving machining scrap and cycle time. Suppliers such as Sandvik and GKN invested USD 455 million between 2024-25 to expand gas-atomization lines that deliver 15-45 µm spherical powders. EASA Part 21 and NADCAP changes cut certification loops from 48 to 28 months, accelerating design freezes.

Volatile High-Purity Powder Prices Amid Critical-Mineral Supply Risk

London Metal Exchange nickel prices swung 33% between January 2024 and December 2025, raising feedstock costs that fixed-price contracts cannot absorb. Indonesia's ore export ban compelled atomizers to pivot to higher-cost Canadian and Australian supply, adding USD 2,100-2,800 per ton to nickel powder. Cobalt remains 60% sourced from the DRC, where governance challenges complicate conflict-minerals audits for aerospace primes. Titanium sponge shortages amplified by Chinese power curbs delayed new powder qualifications by up to nine months.

Other drivers and restraints analyzed in the detailed report include:

1. Localization of Precision Medical-Implant Manufacturing in Asia-Pacific
2. Defense Modernization Boosting Refractory Metal Powders In Middle East
3. Limited Aerospace Part Qualification Standards

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Ferrous accounted for 79.24% of powder metallurgy market share in 2025 and is forecast to compound at a 4.66% rate to 2031, underscoring the material's volume leverage in automotive drivetrain gears, synchronizer hubs, and bearings. Relative affordability-USD 1.80-2.40 per kg versus USD 8.50-12.00 for titanium-sustains ferrous leadership even as electrification trims total engine content. The segment is pivoting toward soft-magnetic composites that achieve 1.8 Tesla flux density at 20 kHz, a level conventional laminations cannot reach without eddy-current penalties. Suppliers such as Hoganas launched phosphorus-coated Somaloy 3P in 2024, cutting core losses 18% and earning three European EV-motor design wins for the 2027 model year.

Non-ferrous grades held 20.76% of powder metallurgy market share in 2025 as titanium, aluminum, and nickel-superalloy powders reach serial production in aerospace, medical, and energy storage programs. Recycled feedstocks soften raw-material volatility: Kymera's RecycTi powder, approved by the FAA in 2024, offers 30% cost savings and now represents 12% of the firm's titanium shipments. Application-specific alloying is widening the performance envelope, with ferrous suppliers adding silicon and aluminum for magnetics, while non-ferrous counterparts blend reclaimed chips to hedge commodity risk. The shift underscores a strategic divide: high-volume ferrous segments compete on cents per part, whereas low-volume titanium and nickel niches compete on certification speed.

Complete Report Scope:

• By Material Type
  • Ferrous
  • Non-Ferrous
• By Manufacturing Technology
  • Press and Sinter
  • Metal Injection Molding (MIM)
  • Additive Manufacturing / Powder Bed Fusion
  • Isostatic Pressing
• By Application
  • Automotive
  • Industrial Machinery
  • Electrical and Electronics
  • Aerospace
  • Other Applications
• By Geography
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • ASEAN Countries
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Egypt
    • Rest of Middle East and Africa

Geography Analysis

Asia-Pacific contributed 40.44% of global revenue in 2025, anchored by China's 1.4 million-ton annual production capacity and India's policy-driven medical-device localization. Chinese producer CNPC Powder operates eight water-atomization plants supplying domestic OEMs at prices 20-25% below European averages. Japan is exporting precision gears and soft-magnetic composites across Southeast Asia through Sumitomo Electric and Resonac distribution networks. India's incentives triggered six new MIM plants between 2024-25, and ASEAN nations such as Thailand secured USD 87 million in FDI for sintered-component factories.

North America's reshoring and e-axle investments are accelerating. GKN's USD 1.44 billion buyout of American Axle's facilities added 78,000 tons of capacity across Michigan and North Carolina, locking in contracts for Ultium gears. Phoenix Sintered Metals deployed a USD 42 million warm-compaction line in Tennessee in 2024 to meet domestic connecting-rod demand.

Europe is advancing as Germany, the United Kingdom, and France prioritize additive manufacturing for aerospace. Sandvik's Neath expansion raised titanium and nickel-powder output by 40%, underpinning Airbus and Rolls-Royce programs. South America's share is driven by Brazil's flex-fuel engines that still rely on sintered gears. The Middle East and Africa's growth is supported by Saudi defense contracts and South African mining-equipment refurbishment.

1. AMETEK Inc.
2. ATI
3. CNPC Powder
4. CRS Holdings, LLC
5. Elementum
6. Elmet Technologies
7. ERASTEEL
8. Fine Sinter Co., Ltd.
9. GKN Powder Metallurgy
10. Granges
11. Hoganas AB
12. Kymera International
13. LIBERTY Steel Group
14. Metalysis
15. Miba AG
16. Phoenix Sintered Metals, LLC
17. Plansee Group
18. POSCO
19. Powder Alloy Corporation (PAC)
20. Resonac Holdings Corporation
21. Rio Tinto
22. Runaya
23. Sandvik AB
24. Sumitomo Electric Industries, Ltd.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Increasing Preference for PM in Lightweight E-Powertrain Components in North America
  • 4.2.2 Surge in Demand for Net-Shape Additive Metal Components Across Europe
  • 4.2.3 Localization Of Precision Medical-Implant Manufacturing in Asia-Pacific
  • 4.2.4 Defense Modernization Boosting Refractory Metal Powders in Middle East
  • 4.2.5 Carbon-Border Adjustment Mechanism Reshaping EU Ferrous Powder Trade
• 4.3 Market Restraints
  • 4.3.1 Volatile High-Purity Powder Prices Amid Critical-Mineral Supply Risk
  • 4.3.2 Limited Aerospace Part Qualification Standards
  • 4.3.3 Competitive Threat from Advanced Casting of Complex Al Components
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitute Products
  • 4.5.5 Intensity of Competitive Rivalry

5 Market Size and Growth Forecasts (Value)

• 5.1 By Material Type
  • 5.1.1 Ferrous
  • 5.1.2 Non-Ferrous
• 5.2 By Manufacturing Technology
  • 5.2.1 Press and Sinter
  • 5.2.2 Metal Injection Molding (MIM)
  • 5.2.3 Additive Manufacturing / Powder Bed Fusion
  • 5.2.4 Isostatic Pressing
• 5.3 By Application
  • 5.3.1 Automotive
  • 5.3.2 Industrial Machinery
  • 5.3.3 Electrical and Electronics
  • 5.3.4 Aerospace
  • 5.3.5 Other Applications
• 5.4 By Geography
  • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 Japan
    • 5.4.1.3 India
    • 5.4.1.4 South Korea
    • 5.4.1.5 ASEAN Countries
    • 5.4.1.6 Rest of Asia-Pacific
  • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
  • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Spain
    • 5.4.3.6 Rest of Europe
  • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
  • 5.4.5 Middle East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Egypt
    • 5.4.5.4 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share / Ranking Analysis
• 6.4 Company Profiles (includes Global-level Overview, Market-level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
  • 6.4.1 AMETEK Inc.
  • 6.4.2 ATI
  • 6.4.3 CNPC Powder
  • 6.4.4 CRS Holdings, LLC
  • 6.4.5 Elementum
  • 6.4.6 Elmet Technologies
  • 6.4.7 ERASTEEL
  • 6.4.8 Fine Sinter Co., Ltd.
  • 6.4.9 GKN Powder Metallurgy
  • 6.4.10 Granges
  • 6.4.11 Hoganas AB
  • 6.4.12 Kymera International
  • 6.4.13 LIBERTY Steel Group
  • 6.4.14 Metalysis
  • 6.4.15 Miba AG
  • 6.4.16 Phoenix Sintered Metals, LLC
  • 6.4.17 Plansee Group
  • 6.4.18 POSCO
  • 6.4.19 Powder Alloy Corporation (PAC)
  • 6.4.20 Resonac Holdings Corporation
  • 6.4.21 Rio Tinto
  • 6.4.22 Runaya
  • 6.4.23 Sandvik AB
  • 6.4.24 Sumitomo Electric Industries, Ltd.

7 Market Opportunities and Future Outlook

• 7.1 White-Space and Unmet-Need Assessment