Steel Powder Market Size - By Production Method, By Particle Size, By Type, Application & Forecast, 2023

List of Tables

The global steel powder market is poised to grow at a CAGR of 6.2% during 2024-2032, driven by a keen focus on innovation, technological advancements, and the rising need for sustainable solutions.

According to an article by World Steel Association, an average of 900 kg of steel is utilized per vehicle. There is high demand for steel powder in the automotive sector, where manufacturers are adopting powder metallurgy techniques to enhance the strength and durability of automotive components. The surge in construction activities worldwide is also amplifying the demand, particularly in the production of high-strength concrete. Moreover, increased focus on sustainability across industries is favoring product usage in additive manufacturing processes, making it an eco-friendly alternative to traditional manufacturing methods, inducing industry expansion.

The global steel powder market is classified based on production method, particle size, type, carbon steel, and region.

The coarse steel powder segment is set to witness unprecedented growth during the study period, propelled by its extensive use in applications where rapid sintering and densification are vital. Its unique properties make it an ideal choice for applications such as sintered structural components and brake pads. Moreover, manufacturers are investing in R&D to optimize the production of coarse steel powder, ensuring that it meets the stringent quality standards required for diverse applications.

The alloy steel powder segment is expected to grow significantly through 2032, owing to its customization capability, versatility, and high-performance. The ability to customize alloy compositions provides manufacturers with the flexibility to meet the unique demands of various end-use industries. The product has found particular significance in aerospace applications that arises from the constant pursuit of materials that strike an optimal balance between strength and weight. Moreover, recognition of alloy steel powders as an environmentally friendly option has contributed to sustainable practices in manufacturing, thereby enhancing its market appeal.

Asia Pacific steel powder market is expected to demonstrate an uptick during the forecast period, driven by rapid industrialization, infrastructure development, and the flourishing automotive sector. Countries such as China and India are witnessing investments in manufacturing and construction activities, creating a substantial demand for steel powder. Moreover, the increasing focus on sustainable practices and the adoption of advanced manufacturing technologies in the Asia Pacific region are adding to the market expansion.

Product Code: 7578

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
- 1.3.1 Data collection
1.4 Forecast parameters
- 1.4.1 Data validation
1.5 Data sources
- 1.5.1 Primary
- 1.5.2 Secondary
  - 1.5.2.1 Paid sources
  - 1.5.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Steel powder industry 360 degree synopsis, 2018 - 2032
2.2 Particle Size trends
2.3 Type trends
2.4 Production Method trends
2.5 Application trends
2.6 Regional trends

Chapter 3 Steel Powder Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Raw material analysis
- 3.1.2 Manufacturers
- 3.1.3 Distribution channel analysis
- 3.1.4 Profit margin analysis
- 3.1.5 Effect of COVID-19 on industry value chain
- 3.1.6 Vendor matrix
3.2 Raw material analysis
3.3 Technology landscape
3.4 Regulatory landscape
- 3.4.1 North America
- 3.4.2 Europe
- 3.4.3 APAC
- 3.4.4 Latin America
- 3.4.5 MEA
3.5 Pricing analysis
- 3.5.1 North America
- 3.5.2 Europe
- 3.5.3 Asia Pacific
- 3.5.4 Latin America
- 3.5.5 Middle East & Africa
- 3.5.6 Cost structure analysis, 2022
3.6 Industry impact forces
- 3.6.1 Growth drivers
  - 3.6.1.1 Growing demand for lightweight and high-strength materials in automotive and aerospace industries
  - 3.6.1.2 Advancements in technology for improved steel powder production methods
  - 3.6.1.3 Increased application scope in construction, industrial machinery, and electronics sectors
- 3.6.2 Industry pitfalls & challenges
  - 3.6.2.1 Challenges related to achieving consistent quality and purity in steel powder production.
  - 3.6.2.2 Environmental concerns and regulations associated with the manufacturing process.
3.7 Innovation & sustainability
3.8 Growth potential analysis, 2022
3.9 Porters Analysis
- 3.9.1 Industry rivalry
- 3.9.2 Buyer power
- 3.9.3 Supplier power
- 3.9.4 Threat of new entrants
- 3.9.5 Threat of substitutes
3.10 PESTEL analysis
3.11 Impact of COVID-19 on steel powder market
3.12 Impact of the Russia-Ukraine war on steel powder market

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Steel Powder Market Size and Forecast, By Particle Size 2018 - 2032

5.1 Fine steel powder
5.2 Coarse steel powder

Chapter 6 Steel Powder Market Size and Forecast, By Type 2018 - 2032

6.1 Stainless steel powder
6.2 Alloy steel powder
6.3 Carbon steel powder
6.4 Tool steel powder

Chapter 7 Steel Powder Market Size and Forecast, By Production Method 2018 - 2032

7.1 Reduction method
7.2 Atomization
7.3 Electrolysis

Chapter 8 Steel Powder Market Size and Forecast, By Application 2018 - 2032

8.1 Automotive Industry
8.2 Aerospace and Defense
8.3 Construction and Infrastructure
8.4 Industrial machinery
8.5 Electronics
8.6 Medical and Healthcare

Chapter 9 Steel Powder Market Size and Forecast, By Region 2018 - 2032

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Russia
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Indonesia
- 9.4.7 Thailand
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE

Chapter 10 Company Profiles

10.1 GKN Powder Metallurgy
10.2 Hoganas AB
10.3 Sandvik AB
10.4 Carpenter Technology Corporation
10.5 Rio Tinto Metal Powders
10.6 ATI Powder Metals
10.7 Voestalpine AG
10.8 AMETEK Specialty Metal Products
10.9 Praxair Surface Technologies
10.10 Kennametal Inc.
10.11 Metaldyne Performance Group
10.12 Erasteel
10.13 SLM Solutions Group AG
10.14 Miba AG
10.15 LPW Technology Ltd.