The Saudi Arabia metal powder market size reached USD 76.10 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 111.07 Million by 2033, exhibiting a growth rate (CAGR) of 4.29% during 2025-2033. The market is being driven by the nation's economic diversification efforts under Vision 2030, emphasizing industrial expansion and reduced oil dependency, the rising demand from automotive and aerospace sectors, substantial investments in mining and critical minerals like lithium, and the establishment of Jeddah as a London Metal Exchange delivery point.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 76.10 Million |
Market Forecast in 2033 | USD 111.07 Million |
Market Growth Rate 2025-2033 | 4.29% |
Industrial Diversification under Vision 2030 & Local Manufacturing Push
Saudi Arabia’s Vision 2030 is driving rapid diversification of its economy, with advanced manufacturing and metallurgy emerging as key beneficiaries, particularly the metal powder market. Under the National Industrial Development and Logistics Program (NIDLP), the Kingdom is channeling investments into non-oil sectors, with a strong emphasis on localization to reduce reliance on imports. This strategy includes ramping up domestic production of high-demand industrial inputs like metal powders, essential for automotive, defense, and industrial machinery manufacturing. Reflecting this momentum, the Ministry of Industry and Mineral Resources issued 1,365 new industrial licenses in 2023. This was a 35% increase over 2022—highlighting surging industrial activity and corresponding demand for raw materials. The nation’s burgeoning electric vehicle sector, led by Ceer Motors and collaborations with global automakers, is also fueling demand for aluminum and copper powders used in batteries and motor components. This industrial expansion is attracting global suppliers and technology providers in additive manufacturing and powder metallurgy, fostering joint ventures and strengthening Saudi Arabia’s local supply chain ecosystem.
Strategic Minerals and Mining Sectors Boom
Saudi Arabia’s expanding mining sector centered on its vast reserves of critical and strategic minerals such as lithium, nickel, and rare earth elements is emerging as a major catalyst for the country’s expanding metal powder market. With an estimated USD 2.5 trillion in untapped mineral wealth, the Kingdom is positioning itself as a global mining powerhouse. In line with this, an increasing number of exploration licenses are being granted to both domestic and international firms under a transparent, investor-friendly regulatory framework. These developments directly support the production of high-performance metal powders essential to aerospace, defense, and electronics manufacturing. In a significant move, Ma’aden and the Public Investment Fund (PIF) launched a mining services company in 2023 focused on battery minerals, contributing to an increase in demand for nickel and cobalt powders key components in lithium-ion batteries and advanced alloys. Further integrating into global markets, the London Metal Exchange (LME) approved Jeddah as a delivery hub for copper and zinc in 2024, enhancing investor confidence and trade efficiency. By aligning its mining ambitions with high-tech manufacturing needs, Saudi Arabia is laying the groundwork for sustained, strategic growth in its metal powder industry.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on material, technology, and application.
Material Insights:
The report has provided a detailed breakup and analysis of the market based on the material. This includes ferrous and non-ferrous.
Technology Insights:
A detailed breakup and analysis of the market based on the technology have also been provided in the report. This includes pressing and sintering, metal injection molding, additive manufacturing, and others.
Application Insights:
The report has provided a detailed breakup and analysis of the market based on the application. This includes automotive, aerospace and defense, healthcare, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Materials Covered | Ferrous, Non-Ferrous |
Technologies Covered | Pressing and Sintering, Metal Injection Molding, Additive Manufacturing, Others |
Applications Covered | Automotive, Aerospace and Defense, Healthcare, Others |
Regions Covered | Northern and Central Region, Western Region, Eastern Region, Southern Region |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: