Top 6 Companies Leading the Global Metal Powder Market

Sandvik AB, Carpenter Technology Corporation, RIO Tinto Ltd, Allegheny Technologies Incorporated, Alcoa Inc., and Höganäs AB, among others, are the major players in the global metal powder market. 

The global metal powder market is projected to grow at a CAGR of 4.3% in the forecast period of 2024-2032 to reach around USD 6.95 billion by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing demand from end-user industries and advancements in the metal powder sector.

Metal powder, produced by breaking down metals into powder form, enhances the bulk properties of intricate components, including reactivity, flowability, compressibility, porosity, and hardenability. Its popularity is rising in additive manufacturing, providing versatility while reducing waste in producing diverse metal parts and coatings. Market availability includes zinc, aluminium, iron, manganese, tin cadmium oxide, and nickel powder. Moreover, metal powder contributes to sustainable development, addressing challenges like the demand for renewable energy and resource scarcity.

China's rapid economic growth, escalating demand from end-user sectors, and swift urbanisation are anticipated to position it as a frontrunner in development compared to other nations. This trajectory is expected to drive industry growth in the Asia Pacific region and contribute to the global metal powder market growth.

The market is further experiencing accelerated growth driven by increasing demand from end-user industries and advancements within the industry. Notably, powder metallurgy's rising importance has led to substantial production of metal powders, with a primary focus on iron and steel, followed closely by aluminium, copper, and nickel. Manufacturers are increasingly directing their efforts toward transforming metal powders into essential components for engineering, contributing significantly to the metal powder market expansion.

In April 2022, Raleigh-based speciality materials company Kymera International acquired AmeriTi Manufacturing Company, located in Detroit, Michigan. AmeriTi specialised in producing value-added ferrotitanium, titanium sponge, titanium powders, and speciality forms. The terms of the transaction remain undisclosed, and it's worth noting that AmeriTi's parts business, now operating as TriTech Titanium Parts, was not included in the deal.

Top 6 Metal Powder Companies in the World:

Sandvik AB

Sandvik, a global engineering group, leads in digitalisation, offering solutions that boost productivity, profitability, and sustainability in manufacturing, mining, and infrastructure. With a focus on customer process optimisation, Sandvik provides cutting-edge equipment, tools, services, and digital solutions for machining, mining, rock excavation, and processing. In 2023, the group, comprising around 41,000 employees, achieved revenues of about SEK 127 billion across 150 countries. Sandvik's comprehensive offerings, spanning the entire customer value chain, result from substantial investments in R&D and understanding industrial processes. Operations are organised into three business areas with dedicated divisions for R&D, production, and sales.

Carpenter Technology Corporation

Carpenter Technology Corporation (NYSE: CRS) stands as a global leader in speciality alloy-based materials and process solutions for critical applications across aerospace, defence, transportation, medical, energy, industrial, and consumer electronics. With a workforce of 4,234, the company's innovative superalloy and titanium powder technologies, particularly in additive manufacturing or 3D printing, drive next-gen product development. By leveraging core technical strengths and process capabilities, Carpenter aims to deliver differentiated, value-added solutions, positioning itself as the preferred innovation partner and providing customers with a competitive edge.

RIO Tinto Ltd

RIO Tinto Ltd focuses on providing essential metals and minerals vital for global growth and decarbonisation. With a workforce of 52,000+ across 35 countries and a rich history spanning 150 years, the company prioritises climate change at the core of its strategy. By investing in commodities crucial for the energy transition and adopting measures to decarbonise operations, RIO Tinto aims to grow sustainably. This approach not only mitigates business risks but also positions the company as a key player in supplying low-carbon materials, aligning with global decarbonisation efforts.

Allegheny Technologies Incorporated

With a century-long legacy, the company tackles challenges for customers requiring systems to excel in diverse environments. The materials empower remarkable feats, from withstanding extreme temperatures in jet engines to supporting national defence and advancing medical breakthroughs. Operating globally with 57 locations across 17 countries, the company’s High-Performance Materials and Components (HPMC) segment serves aerospace, defence, oil, gas, and medical sectors. The Advanced Alloys & Solutions (AA&S) segment focuses on speciality alloys and components, catering to diverse industries such as aerospace, energy, and chemicals.

Alcoa Inc.

Alcoa (NYSE: AA) stands as a global leader in bauxite, alumina, and aluminium products, dedicated to reshaping the aluminium industry for sustainability. Guided by values like integrity, operating excellence, and care for people, Alcoa aims to convert raw potential into tangible progress. Known for pioneering affordable aluminium production, Alcoans continue to drive innovations for enhanced efficiency, safety, and sustainability. The company boasts industry-leading practices in bauxite mining, low-carbon alumina refining, and groundbreaking innovations in aluminium smelting, all led by an experienced leadership team.

Höganäs AB

Höganäs, a global leader, produces iron, metal, and ceramic powders, collaborating with customers to create solutions for evolving industry needs. With applications spanning sintered components, brazing, additive manufacturing, electric motors, and sustainable energy systems, the company employs 2,400 people across 16 countries. Höganäs, boasting a 500,000-ton annual capacity for iron and metal powders, is at the forefront of developing innovative solutions for automotive components, electrical motors, and additive manufacturing. Lindéngruppen and Wallenberg-owned FAM are the company's owners, serving over 3,000 customers in 75 countries.