세계의 분말야금 시장 예측(-2032년) : 제품, 재질 유형, 프로세스 유형, 형태, 용도, 지역별 분석

According to Stratistics MRC, the Global Powder Metallurgy Market is accounted for $3.3 billion in 2025 and is expected to reach $8.4 billion by 2032 growing at a CAGR of 14.3% during the forecast period. Powder metallurgy is a manufacturing process that involves producing metal powders and forming them into desired shapes through compaction and sintering. This technique allows for precise control over material composition and properties, enabling the creation of complex components with minimal waste. It is widely used in industries such as automotive, aerospace, and electronics due to its cost-effectiveness, energy efficiency, and ability to produce parts with high strength and durability. Powder metallurgy supports sustainable production by reducing scrap and facilitating recycling. The process includes blending, pressing, and heating metal powders to bond particles without melting, resulting in solid, finished components.

Market Dynamics:

Driver:

Automotive Industry Demand

The automotive industry's growing need for lightweight, durable components is a major driver of the powder metallurgy market. This process enables cost-effective production of complex parts with minimal waste, ideal for electric vehicles and fuel-efficient designs. Powder metallurgy supports high-volume manufacturing while meeting stringent performance standards, making it indispensable for gears, bearings, and structural components. As automotive innovation accelerates, powder metallurgy continues to play a pivotal role in enhancing vehicle efficiency and sustainability.

Restraint:

High Initial Costs

High initial costs significantly hinder the growth of the powder metallurgy market by deterring small and medium enterprises from adopting the technology. The expense of specialized equipment, tooling, and raw materials creates a financial barrier, limiting innovation and scalability. This discourages investment and slows market penetration, especially in developing regions. As a result, potential applications in automotive, aerospace, and medical sectors remain underutilized, stalling broader industry advancement.

Opportunity:

Technological Advancements

Technological advancements in additive manufacturing, metal injection molding present major opportunities for powder metallurgy. These innovations allow for greater design flexibility, enhanced material properties, and reduced production time. Emerging applications in aerospace, medical, and electronics sectors are driving demand for high-performance, customized components. As research and development continue to evolve, powder metallurgy is poised to benefit from breakthroughs in powder production, sintering techniques, and automation, unlocking new possibilities across industries.

Threat:

Complex Process Control

Complex process control poses a significant challenge to the powder metallurgy market by increasing operational difficulty and production costs. Maintaining precise parameters for powder characteristics, compaction, and sintering demands advanced equipment and skilled labor. Any deviation can lead to defects, reducing product reliability and yield. This complexity deters new entrants and limits scalability, hindering broader adoption across industries and slowing market growth despite the technology's inherent advantages.

Covid-19 Impact:

The COVID-19 pandemic disrupted global supply chains and manufacturing operations, impacting the powder metallurgy market. Lockdowns and reduced industrial activity led to delays in production and decreased demand from key sectors like automotive and aerospace. However, the crisis also accelerated interest in localized manufacturing and sustainable practices, which favor powder metallurgy. As industries recover and adapt to new norms, the market is expected to rebound, supported by renewed investments and technological resilience.

The sintered parts segment is expected to be the largest during the forecast period

The sintered parts segment is expected to account for the largest market share during the forecast period, due to its widespread application in automotive and industrial machinery, where precision and durability are critical. Sintered components offer excellent mechanical properties, cost efficiency, and minimal material waste, making them ideal for mass production. Their ability to meet stringent performance standards in high-stress environments further drives their adoption across sectors, solidifying their position as the market's largest segment.

The medical segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the medical segment is predicted to witness the highest growth rate, due to increasing demand for biocompatible and high-performance materials used in surgical instruments, orthopedic implants, and dental devices. Powder metallurgy enables the production of complex, customized components with superior strength and corrosion resistance. As healthcare technology advances and personalized medicine expands, the need for precision-engineered medical parts will continue to surge, driving rapid growth in this segment.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, because region's dominance stems from its robust manufacturing base, expanding automotive and electronics industries, and growing investments in advanced materials. Countries like China, Japan, and India are leading adopters of powder metallurgy technologies due to their cost-effectiveness and sustainability. Favorable government policies and rising demand for lightweight, high-performance components further contribute to the region's commanding market position.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to technological innovation, increased adoption of additive manufacturing, and strong demand from aerospace and medical sectors. The region's focus on sustainable production and advanced material science supports the expansion of powder metallurgy applications. Additionally, the presence of key market players and research institutions accelerates development, positioning North America as a hub for high-growth opportunities in the industry.

Key players in the market

Some of the key players in Powder Metallurgy Market include Hoganas AB, GKN Powder Metallurgy, Sandvik AB, Carpenter Technology Corporation, Rio Tinto Ltd, Allegheny Technologies Incorporated (ATI), Alcoa Corporation, Sumitomo Electric Industries, Ltd., Hitachi Metals, Ltd., BASF SE, Praxair Surface Technologies, Kennametal Inc., Molyworks Materials Corporation, CNPC Powder Group and American Chemet Corporation.

Key Developments:

In March 2025, Sumitomo Electric and 3M have signed an assembly agreement to deliver 3M's Expanded Beam Optical (EBO) interconnect products-leveraging Sumitomo's manufacturing and distribution-to support hyperscale data centers, reducing contamination sensitivity and simplifying installation and maintenance.

In September 2024, Perenti and Sandvik have signed a memorandum of understanding to co-develop diesel-electric loaders and trucks for underground mining. Barminco (a Perenti business) will feed in real-world design input and trial testing, aiming to improve safety, efficiency & sustainability

Products Covered:

• Metal Powder
• Powdered Metal Components

Material Types Covered:

• Ferrous Powder
• Non-Ferrous Powder

Process Types Covered:

• Pressing & Sintering
• Hot Isostatic Pressing (HIP)
• Metal Injection Molding (MIM)
• Additive Manufacturing (3D Printing)

Forms Covered:

• Blended Powder
• Sintered Parts

Applications Covered:

• Automotive
• Aerospace & Defense
• Industrial Machinery
• Electrical & Electronics
• Medical
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Powder Metallurgy Market, By Product

• 5.1 Introduction
• 5.2 Metal Powder
• 5.3 Powdered Metal Components

6 Global Powder Metallurgy Market, By Material Type

• 6.1 Introduction
• 6.2 Ferrous Powder
  • 6.2.1 Iron
  • 6.2.2 Steel
• 6.3 Non-Ferrous Powder
  • 6.3.1 Copper
  • 6.3.2 Aluminum
  • 6.3.3 Nickel
  • 6.3.4 Titanium

7 Global Powder Metallurgy Market, By Process Type

• 7.1 Introduction
• 7.2 Pressing & Sintering
• 7.3 Hot Isostatic Pressing (HIP)
• 7.4 Metal Injection Molding (MIM)
• 7.5 Additive Manufacturing (3D Printing)

8 Global Powder Metallurgy Market, By Form

• 8.1 Introduction
• 8.2 Blended Powder
• 8.3 Sintered Parts

9 Global Powder Metallurgy Market, By Application

• 9.1 Introduction
• 9.2 Automotive
• 9.3 Aerospace & Defense
• 9.4 Industrial Machinery
• 9.5 Electrical & Electronics
• 9.6 Medical
• 9.7 Other Applications

10 Global Powder Metallurgy Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Hoganas AB
• 12.2 GKN Powder Metallurgy
• 12.3 Sandvik AB
• 12.4 Carpenter Technology Corporation
• 12.5 Rio Tinto Ltd
• 12.6 Allegheny Technologies Incorporated (ATI)
• 12.7 Alcoa Corporation
• 12.8 Sumitomo Electric Industries, Ltd.
• 12.9 Hitachi Metals, Ltd.
• 12.10 BASF SE
• 12.11 Praxair Surface Technologies
• 12.12 Kennametal Inc.
• 12.12 Molyworks Materials Corporation
• 12.14 CNPC Powder Group
• 12.15 American Chemet Corporation