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Steel Powder Market Share

Report ID: GMI7578
Published Date: Dec 2023
Report Format: PDF

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Steel Powder Market Share

Major players operating in the steel powder industry include:

GKN Powder Metallurgy
Hoganas AB
Sandvik AB
Carpenter Technology Corporation
Rio Tinto Metal Powders
ATI Powder Metals
Voestalpine AG
AMETEK Specialty Metal Products
Praxair Surface Technologies
Kennametal Inc.
Metaldyne Performance Group
Erasteel
SLM Solutions Group AG
Miba AG
LPW Technology Ltd.

Höganäs AB and Sandvik AB company have captured substantial industry shares in the Asia pacific market, driven by companies in the Asia-Pacific region, driven by the surging demand for steel powder products, particularly in China and India. The Asia-Pacific region, the world's largest steel powder market, is poised for continued growth due to rapid economic development, urbanization, and growing demand for lightweight and high-strength materials in automotive and aerospace industries. As leading producers, Höganäs AB and Sandvik AB are well-positioned to cater to this escalating demand in the region.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of steel powder market was worth USD 4.8 billion in 2022 and is estimated to reach USD 8.3 billion by 2032, owing to the increasing demand for lightweight and high-strength materials in automotive and aerospace industries.

The stainless steel powder segment held a dominant market share of around 35% in 2023 and is expected to grow at a lucrative pace by 2032, due to its versatile properties, corrosion resistance, and wide-ranging applications across industries.

U.S. steel powder industry size was reached USD 856.8 million in 2023 and is anticipated to expand at a significant pace from 2023 to 2032, owing to the wide applications in booming sectors like automotive, aerospace, and healthcare.

GKN Powder Metallurgy, Höganäs AB, Sandvik AB, Carpenter Technology Corporation, Rio Tinto Metal Powders, ATI Powder Metals, Voestalpine AG, AMETEK Specialty Metal Products, Praxair Surface Technologies, Kennametal Inc., Metaldyne Performance Group, Erasteel, SLM Solutions Group AG, Miba AG, and LPW Technology Ltd.