Global Steel Powder Market Growth 2025-2031

Global Steel Powder Market Growth 2025-2031

The global Steel Powder market size is predicted to grow from US$ 5008 million in 2025 to US$ 6166 million in 2031; it is expected to grow at a CAGR of 3.5% from 2025 to 2031.

Steel Powders include stainless steel powder, alloy steel powder, and general steel powder. Steel Powders are widely used in machinery, aerospace, chemical industry, powder metallurgy, magnetic materials, and others.

Global Steel Powder key players include Höganäs, GKN (Hoeganaes), Rio Tinto, JFE Steel Corporation, KOBELCO, etc. Global top five players hold a share about 60%. Europe is the largest market, with a share about 35%, followed by North America and Japan, having a total share about 50 percent. In terms of product, Atomization is the largest segment, with a share about 65%. And in terms of application, the application includes Automobile, Machinery, Aerospace, Chemical Industry, etc.

The Steel Powder market is witnessing significant growth, largely driven by its increasing use in the automotive and manufacturing industries. As the automotive sector moves towards lightweighting and enhancing fuel efficiency, steel powder plays a critical role in the production of components through powder metallurgy, which allows for the creation of complex shapes and reduces material wastage. The rise of electric vehicles (EVs) has also contributed to this trend, as steel powder is used in the production of lightweight and durable EV parts. Furthermore, the growing adoption of additive manufacturing (3D printing) has expanded the applications of steel powder, providing innovative solutions for producing high-strength, customized components in various industries, including aerospace and healthcare.

Geographically, Asia-Pacific dominates the steel powder market due to its robust manufacturing base and expanding automotive industry, particularly in countries like China, India, and Japan. In addition, the construction sector's recovery post-pandemic, along with increasing investments in infrastructure projects, supports the demand for steel powder in producing high-performance building materials. Efforts to enhance steel powder’s properties, such as improving particle size distribution and optimizing alloy compositions, are also expected to drive market growth. As sustainability and cost-efficiency become more critical, the steel powder market is positioned to expand, with manufacturers focusing on recycling processes and eco-friendly production techniques to meet industry demands.

LP Information, Inc. (LPI) ' newest research report, the “Steel Powder Industry Forecast” looks at past sales and reviews total world Steel Powder sales in 2024, providing a comprehensive analysis by region and market sector of projected Steel Powder sales for 2025 through 2031. With Steel Powder sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Steel Powder industry.

This Insight Report provides a comprehensive analysis of the global Steel Powder landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Steel Powder portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Steel Powder market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steel Powder and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Steel Powder.

This report presents a comprehensive overview, market shares, and growth opportunities of Steel Powder market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Atomization
Reduction
Others

Segmentation by Application:
Automobile
Machinery
Aerospace
Chemical Industry
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Höganäs
Rio Tinto
AK Steel Holding
KOBELCO
Metal Powder Products
Sandvik
Pellets
Daido Steel
AMETEK
Carpenter Technology
Pometon Powder
NANOSTEEL
Laiwu Iron&Steel Group
Jiande Yitong
Wuhan Iron&Steel Group
Ma Steel
Haining Feida

Key Questions Addressed in this Report

What is the 10-year outlook for the global Steel Powder market?

What factors are driving Steel Powder market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Steel Powder market opportunities vary by end market size?

How does Steel Powder break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.