Metal Powder Market Size to Hit $19.17 Billion by 2032
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The global metal powder market is set to witness a dynamic transformation, expanding rapidly across sectors such as automotive, healthcare, aerospace , and construction . According to a recent study by Persistence Market Research , the market is projected to grow from US$ 11,630.2 million in 2025 to US$ 19,169.8 million by 2032 , registering a CAGR of 7.4% . This trajectory is powered by growing demand for high-performance materials, rising regional manufacturing capacities, and expanding applications in additive manufacturing . Driving Forces Behind Market Expansion Advanced Material Demand from Automotive and Medical Sectors Two industries at the heart of this growth are automotive and medical devices . The automotive sector, holding a 39.5% share , is accelerating its adoption of metal powders for lightweight, durable, and high-strength components , essential for both traditional and elec...