The Global Stainless Steel Powder Market was valued at USD 745 million in 2024 and is projected to reach USD 1.046 billion by 2031, growing at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period (2024–2031). This growth is driven by expanding applications in additive manufacturing, powder metallurgy components, and increasing adoption across aerospace, automotive, and medical device sectors.
As manufacturing technologies evolve toward more efficient material utilization, stainless steel powders are becoming indispensable for producing complex, high-performance components. This analysis highlights the Top 10 Companies in the Stainless Steel Powder Industry that are setting benchmarks in material innovation and industrial solutions.
🔟 1. Höganäs AB
Headquarters: Höganäs, Sweden
Key Offering: Austenitic (316L), Martensitic (17-4PH), and Duplex stainless steel powders
With approximately 12% global market share, Höganäs leads the stainless steel powder sector through its advanced atomization technologies and comprehensive material portfolio. The company supplies powders for critical applications in medical implants, automotive components, and industrial tooling.
Innovation Highlights:
- Proprietary water and gas atomization processes
- Sustainable production with reduced carbon footprint
- R&D focus on AM-optimized powder characteristics
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9️⃣ 2. Sandvik AB
Headquarters: Stockholm, Sweden
Key Offering: Osprey™ gas-atomized stainless steel powders
Sandvik’s metal powder division sets industry standards for spherical powder quality, serving aerospace, energy, and medical sectors with specialized alloys including 316L, 17-4PH, and 254SMO grades.
Technical Capabilities:
- Nanopowder development for niche applications
- Custom chemistry modifications for specific performance requirements
- Advanced characterization and testing laboratories
8️⃣ 3. Daido Steel Co., Ltd.
Headquarters: Nagoya, Japan
Key Offering: High-performance stainless steel MIM and AM powders
Daido Steel dominates Asian markets with its precision-engineered powders for electronics and automotive applications, offering superior consistency and batch-to-batch uniformity.
Market Strengths:
- Robust quality management system (ISO 9001 certified)
- Technical support centers across key Asian manufacturing hubs
- Co-development programs with major OEMs
7️⃣ 4. GKN Powder Metallurgy
Headquarters: Radevormwald, Germany
Key Offering: Automotive-grade stainless steel powders
GKN operates the world’s largest integrated powder production and component manufacturing facility, supplying major automakers with complex pressed and sintered components.
Specialized Solutions:
- High-volume production capacity (50,000+ tons annually)
- Metal Injection Molding (MIM) expertise
- Lightweighting solutions for EV battery components
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6️⃣ 5. AMETEK Specialty Metal Products
Headquarters: Wallingford, Connecticut, USA
Key Offering: Ultra-high purity stainless steel powders
AMETEK produces medical and aerospace-grade powders with oxygen content below 100ppm, meeting stringent ASTM and ISO standards for critical applications.
Quality Focus:
- Clean room powder handling facilities
- Lot traceability through full production cycle
- FDA-compliant materials for implant applications
5️⃣ 6. CNPC Powder Material Co., Ltd.
Headquarters: Beijing, China
Key Offering: Cost-effective stainless steel powders
As China’s state-owned powder producer, CNPC serves domestic manufacturers with competitive pricing and reliable supply chain logistics across industrial sectors.
Strategic Advantages:
- Integrated stainless steel melt shop
- Government subsidies supporting R&D
- Strategic partnerships with Chinese OEMs
4️⃣ 7. VDM Metals
Headquarters: Werdohl, Germany
Key Offering: Specialty nickel alloy and stainless steel powders
VDM Metals focuses on high-temperature and corrosion-resistant alloys for energy and chemical processing applications, offering customized material solutions.
Technical Expertise:
- Alloy development for extreme environments
- Technical consulting for material selection
- Rapid prototyping services
3️⃣ 8. TIZ-Advanced Alloy Powders
Headquarters: Moscow, Russia
Key Offering: CIS market-focused stainless steel powders
TIZ serves Russian and neighboring markets with tailored powder solutions, particularly for defense and heavy industry applications requiring import substitution.
Regional Leadership:
- Primary supplier to Russian aerospace sector
- Custom alloy development for Arctic conditions
- Strategic national stockpile provider
2️⃣ 9. Yitong New Materials Co., Ltd.
Headquarters: Jiangsu, China
Key Offering: Stainless steel powders for consumer electronics
Yitong has rapidly expanded as China’s demand grows for metal powders in smartphone components, wearable devices, and microelectronics packaging.
Growth Focus:
- High-purity powders for micro-MIM applications
- Regional warehouses across China
- Cost optimization for mass production
1️⃣ 10. Haining Feida Powder Material Co., Ltd.
Headquarters: Zhejiang, China
Key Offering: Standard and custom stainless steel powders
Feida Powder completes this ranking with its specialized production capabilities for Chinese industrial manufacturers, balancing quality and affordability.
Market Positioning:
- Quick-turn custom orders
- Local raw material sourcing
- Just-in-time delivery networks
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🔮 Outlook: Stainless Steel Powder in the Industry 4.0 Era
The stainless steel powder market is transforming alongside advanced manufacturing adoption. Key developments shaping the next decade include:
📈 Market Growth Drivers:
- Accelerated adoption of binder jetting and powder bed fusion AM technologies
- Growing demand for complex, lightweight automotive components
- Medical device manufacturers shifting to powder-based production
- Sustainability initiatives driving powder reuse and recycling programs
As digital manufacturing proliferates, these industry leaders continue innovating to meet evolving material requirements. Their technical expertise and production capabilities will prove crucial in enabling next-generation manufacturing across global industries.
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Stainless Steel Powder Market – View in Detailed Research Report
These companies represent more than suppliers—they’re strategic partners enabling manufacturing innovation through material science excellence.
