The Global High Speed Steel Powder Market was valued at USD 785 Million in 2024 and is projected to reach USD 1,288 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.7% during the forecast period (2024–2032). This expansion is primarily driven by increasing demand from manufacturing sectors requiring materials with exceptional hardness retention and wear resistance at high temperatures (600+°C).
High Speed Steel (HSS) powders are revolutionizing tool production through powder metallurgy and additive manufacturing techniques. These advanced materials enable the creation of cutting tools and components that outperform conventional steel products in demanding industrial applications. This analysis profiles the Top 10 Companies in the High Speed Steel Powder Industry – the materials specialists enabling next-generation manufacturing capabilities.
🔟 1. Toshiba Materials
Headquarters: Tokyo, Japan
Key Offering: Tungsten/Molybdenum Series HSS Powders
Toshiba Materials dominates the HSS powder sector with advanced atomization technologies that produce powders with superior particle morphology and purity levels. The company specializes in tungsten and molybdenum alloy formulations optimized for extreme performance applications.
Manufacturing Advantages:
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Proprietary gas atomization produces spherical powders with >99.9% purity
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Particle size distributions customized for specific AM processes (15-53μm standard range)
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Global technical support network for material selection
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9️⃣ 2. Kennametal
Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: KENNAMETAL-branded HSS Powders
Kennametal integrates its powder production with cutting tool manufacturing, creating optimized material solutions for industrial customers. Their HSS powders feature proprietary alloy compositions that deliver exceptional performance in metal cutting applications.
Manufacturing Advantages:
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Tailored powder chemistry for specific machining applications
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In-house heat treatment expertise enhances final product performance
8️⃣ 3. Sandvik
Headquarters: Stockholm, Sweden
Key Offering: Osprey® Brand HSS Powders
Sandvik’s Osprey metal powders division is renowned for consistent quality and innovative material solutions. Their HSS powders are widely specified for high-performance tooling applications in aerospace and automotive manufacturing.
Manufacturing Advantages:
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Controlled oxygen content (<100 ppm) ensures superior sintering performance
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Advanced powder characterization laboratories
7️⃣ 4. Stanford Advanced Materials
Headquarters: Lake Forest, California, USA
Key Offering: Custom HSS Powder Formulations
SAM specializes in developing application-specific HSS powder blends for defense and aerospace customers requiring exacting material specifications. The company maintains rigorous quality control throughout its production processes.
Manufacturing Advantages:
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ITAR-registered facility for defense applications
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R&D focus on alloy development for extreme environments
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6️⃣ 5. Erasteel
Headquarters: Sassenage, France
Key Offering: ASP® Brand HSS Powders
Erasteel is a European leader in premium steel powders, with its ASP® series recognized for maintaining hardness at elevated operating temperatures. The company serves global tool manufacturers through an extensive distribution network.
Manufacturing Advantages:
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Specialized in high-cobalt HSS formulations
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Closed-loop material recycling programs
5️⃣ 6. Hoganas
Headquarters: Hoganas, Sweden
Key Offering: HSS Powders for PM Industry
With over a century of powder metallurgy experience, Hoganas delivers HSS powders optimized for conventional press-and-sinter manufacturing. Their products are widely used in automotive component production.
Manufacturing Advantages:
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Binder treatment systems enhance compaction characteristics
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Global production and distribution infrastructure
4️⃣ 7. Griggs Steel
Headquarters: Anderson, South Carolina, USA
Key Offering: North American HSS Powders
Griggs Steel focuses on serving the North American manufacturing sector with locally produced HSS powders. The company emphasizes rapid delivery and technical support for regional customers.
Manufacturing Advantages:
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Domestic production reduces lead times for US manufacturers
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Inventory management programs ensure material availability
3️⃣ 8. FUSHEL
Headquarters: Xiamen, China
Key Offering: Cost-Effective HSS Solutions
FUSHEL has emerged as a leading Asian supplier of HSS powders, combining advanced production technology with competitive pricing. The company primarily serves the rapidly growing Chinese tool manufacturing sector.
Manufacturing Advantages:
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Large-scale atomization capacity
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Regional technical support network
2️⃣ 9. Metal3DP
Headquarters: Zhuhai, China
Key Offering: AM-Optimized HSS Powders
Metal3DP specializes in powders specifically engineered for additive manufacturing processes. Their HSS formulations are designed for optimal performance in powder bed fusion systems.
Manufacturing Advantages:
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Tight particle size distributions (15-45μm typical)
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Surface modification enhances powder flow characteristics
1️⃣ 10. IMI Alloys India LLP
Headquarters: Mumbai, India
Key Offering: Localized HSS Powder Solutions
IMI Alloys serves India’s expanding industrial base with domestically produced HSS powders. The company combines international material expertise with regional manufacturing advantages.
Manufacturing Advantages:
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Supports India’s domestic manufacturing initiatives
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Cost-structured for emerging market applications
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High Speed Steel Powder Market – View in Detailed Research Report
🏭 Market Outlook: Next-Generation Manufacturing Materials
The HSS powder sector is undergoing significant transformation as industries demand higher performance tooling materials. Manufacturers are developing advanced alloys and optimizing powder characteristics for emerging production technologies.
📈 Critical Industry Trends:
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Accelerating adoption in metal additive manufacturing systems
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Development of application-specific powder formulations
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Increased automation in powder production and handling
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Expansion of regional powder production capabilities
The companies profiled represent the technological vanguard of advanced materials development, enabling manufacturers to push the boundaries of performance in cutting tools and industrial components.
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High Speed Steel Powder Market – View in Detailed Research Report
