Stainless Steel Powder Companies

The stainless steel powder market is projected to grow from USD 0.85 billion in 2025 to USD 1.04 billion by 2030, at a CAGR of 4.2% during the forecast period.

A major driving factor for the stainless steel powder market is the strong supply-side ecosystem, one created by the presence of key, global stainless steel manufacturers that continue to invest in powder production to cater to the high demand from industry segments. Key players like Höganäs AB, Sandvik AB, Carpenter Technology, and GKN Powder Metallurgy are further expanding their capacity, be it through atomization or the development of special grades like 316L and 17-4PH for the applications of powder metallurgy, metal injection molding, and additive manufacturing. Their large-scale production capacity assures regular supply, consistent quality, and competitive pricing, thus encouraging wider usage of powder-based manufacturing across automotive, medical, industrial, and electronics sectors. This robust manufacturer presence strengthens the overall market foundation and accelerates the uptake of stainless steel powders globally.

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Some of the major manufacturers operating in the stainless steel powder market are Höganäs AB (Sweden), Sandvik AB (Sweden), Daido Steel Co., Ltd. (Japan), Mitsubishi Steel Mfg. Co. Ltd. (Japan), Shijiazhuang Lide Powder Material Co., Ltd. (China), Carpenter Technology Corporation (US), EOS GmbH (Germany), Outokumpu (Finland), Ametek Inc. (US), ArcelorMittal (Luxembourg), INDO-MIM (India), Fushel (China), Centurion Material Innovation Inc. (China), GKN Powder Metallurgy (England), and Atlantic Equipment Engineers (US).

Many of the major players in the past few years have been adopting various growth strategies to strengthen their position in the global stainless steel powder market. These growth strategies include agreements, product launches, contracts, collaborations, mergers & acquisitions, partnerships, and research & development activities aiming to expand their market presence in the stainless steel powder market even further.

Höganäs AB (Sweden)

Höganäs AB is one of the world’s largest and most established producers of metal powders, playing a central role in shaping the global stainless steel powder market. The company offers a wide portfolio of stainless steel powders tailored for powder metallurgy, metal injection molding, and additive manufacturing, supporting high-performance applications across the automotive, industrial, medical, and consumer sectors. With advanced atomization technologies, strong R&D capabilities, and a long history of material innovation, Höganäs consistently delivers high-quality, application-specific stainless steel powders that help manufacturers achieve superior strength, precision, and production efficiency.

Sandvik AB (Sweden)

Sandvik AB is one of the largest global suppliers of high-performance stainless steel powders and is particularly recognized for its premium brand, Osprey, used across powder metallurgy, metal injection molding, and additive manufacturing. The company uses advanced gas atomization technology in combination with substantial knowledge of metallurgy to make extremely consistent powders, including the widely used grades 316L and 17-4PH. With strong integration across stainless steel production, materials R&D, and AM solutions, Osprey powders by Sandvik support demanding applications in the aerospace, medical, automotive, energy, and industrial sectors and have made the company a strategic innovator and reliable partner in the stainless steel powder market.

Shijiazhuang Lide Powder Material Co., Ltd. (China)

Shijiazhuang Lide Powder Material Co., Ltd. is a fast-growing producer of stainless steel powders, known for supplying a wide range of water-atomized and gas-atomized grades for powder metallurgy, metal injection molding, and additive manufacturing. The company has built a strong presence in Asia by offering stable quality, competitive pricing, and customized powder solutions tailored to automotive, industrial, and consumer electronics applications. Its expanding production capacity and focus on process consistency make it an increasingly important player in the global stainless steel powder market.

Stainless Steel Powder Market Ranking

The stainless steel powder market is competitive, with the top five companies, Höganäs AB (Sweden), Sandvik AB (Sweden), Daido Steel Co., Ltd. (Japan), Mitsubishi Steel Mfg. Co. Ltd. (Japan), and Shijiazhuang Lide Powder Material Co., Ltd. (China), representing approximately 30–40% of the market share. The stainless steel powder market is structured around a clear ranking driven by production capacity, technological advancement, and depth of application expertise. Höganäs holds the top position because it combines the industry’s largest global powder production network with an exceptionally broad stainless steel portfolio tailored for powder metallurgy, metal injection molding, and additive manufacturing, supported by strong R&D and decades of process leadership. Sandvik ranks immediately after, supported by its high-purity Osprey gas atomized powders and deep metallurgical expertise, which make it a premium supplier for advanced applications in aerospace, medical, energy, and industrial additive manufacturing.

Related Reports:

Stainless Steel Powder Market by Type (Austenitic, Martensitic, Duplex, Ferritic, Precipitation-Hardening), Manufacturing Process, Application (Powder Metallurgy, Metal Injection Molding, Additive Manufacturing, Other Processes), End-use Industry, and Region - Global Forecast to 2030

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