Qian Zhan Wang·2025-08-06 05:13Core Insights - The global powder metallurgy industry is experiencing significant growth, with the market size projected to reach approximately $25.1 billion in 2024 and nearly $33 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.5% from 2025 to 2030 [8][10]. Industry Overview - The development of powder metallurgy has evolved through three main stages: the nascent period, the technological formation period, and the industrial explosion period, dating back to 300 BC [1]. - The automotive industry is the primary driver of the powder metallurgy market, accounting for about 40% of applications in 2023, followed by aerospace at 36%, and commercial machinery and electrical electronics at 10% and 7%, respectively [6]. Competitive Landscape - GKN Group is identified as the leading player in the global powder metallurgy market, with significant historical development, technological reserves, and strategic influence [3]. - Other notable companies in the first tier include Sumitomo Electric, Bohai Licheng, and Sandvik, which possess strong technical accumulation and market positions [3]. - Domestic companies such as Dongmu Co. and Antai Technology are positioned in the second tier, making strides in the rapidly growing Asian market [3]. Market Dynamics - The recovery of the global macroeconomic environment and the revitalization of the manufacturing industry are contributing to the gradual return of the market to pre-pandemic levels, with increased applications of powder metallurgy products across various downstream sectors [9]. - The demand for powder metallurgy products in the automotive sector is expected to continue growing steadily, alongside expanding applications in the medical field and rapid demand growth in aerospace and military sectors [10].