Asian companies are actively entering the market of powder metallurgy products. In 2005, the production of iron powder in Asia increased by 14% and of powder parts by more than 7%. The current manufacture of metal powders and their products in Japan, China, India, and South Korea is discussed. Applications of powder products in Asia are considered. Examples of developments that won awards of the Japan Powder Metallurgy Association (JPMA) in 2006 are shown.