Home > Chemicals & Materials > Advanced Materials > Functional Materials > Steel Powder Market

Steel Powder Market Trends

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

Download Free Sample

Steel Powder Market Trends

The steel powder industry is witnessing robust growth due to heightened consumer awareness of gut health benefits, driving demand for functional foods and supplements. Inulin and oligosaccharides lead the market, favored for their versatile applications. Rising interest in natural, plant-based sources, particularly root-derived steel powder, is notable. The dominance of food and beverages in application, along with ongoing research exploring steel powder' diverse functionalities in immune support and weight management, propels market expansion.

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.