Powder Metallurgy Market Size, Share, Trend, Dynamics, Forecast, Growth, & Industry Analysis

The global powder metallurgy market size was estimated at USD 3.15 billion in 2023 and is likely to grow at a CAGR of 11.17% during 2023-2028 to reach USD 5.35 billion in 2028. Major factors such as increasing adoption of additive manufacturing coupled with the growing demand for lightweight components or parts in the aerospace, defense, and automotive sectors is expected to drive the growth of the market during the forecast period.