The Global High Speed Steel Powder Market was valued at USD 785 Million in 2024 and is projected to reach USD 1.29 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.7% during the forecast period (2024–2032). This growth is driven by increasing demand for high-performance cutting tools, rapid expansion of additive manufacturing, and aerospace industry requirements for materials that maintain hardness at extreme temperatures.

As manufacturing sectors increasingly adopt advanced powder metallurgy solutions, these specialized material suppliers are innovating to meet stringent performance requirements. Here we profile the Top 10 Companies in the High Speed Steel Powder Industry—technology leaders shaping the future of precision tooling and components.

---

🔟 1. Toshiba Materials

Headquarters: Tokyo, Japan
Key Offering: Tungsten-series HSS powders, Molybdenum-series powders

Toshiba Materials leads the high-speed steel powder market with advanced gas atomization technology, supplying premium-grade powders for aerospace, automotive, and medical tool manufacturing applications.

Technology Leadership:

• Particle size control down to 5-150 microns
• Patented alloy formulations for enhanced thermal stability
• Global distribution across 30+ countries

Download FREE Sample Report: High Speed Steel Powder Market – View Detailed Research Report

---

9️⃣ 2. Kennametal

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Custom HSS powder blends, Additive manufacturing solutions

Kennametal combines metallurgical expertise with significant investments in atomization technologies to serve growing additive manufacturing demands.

Technology Leadership:

• Spherical powder production with 99.9% purity
• Complete solutions from powder to finished tools

---

8️⃣ 3. Sandvik

Headquarters: Sandviken, Sweden
Key Offering: Gas-atomized HSS powders, Tooling systems

Sandvik’s materials division offers superior carbide distribution and consistent particle morphology through its vertically integrated supply chain.

Technology Leadership:

• Oxygen content < 100 ppm across products
• Tailored solutions for MIM and 3D printing

---

7️⃣ 4. Erasteel

Headquarters: Paris, France
Key Offering: ASP® powder grades, Custom alloys

Erasteel specializes in nitrogen-alloyed high-speed steel powders that outperform conventional materials, with hardness up to 70 HRC.

Technology Leadership:

• Unique PM-HSS grades with superior red hardness
• Specialized powders for injection molding

Download FREE Sample Report: High Speed Steel Powder Market – View Detailed Research Report

---

6️⃣ 5. Hoganas

Headquarters: Hoganas, Sweden
Key Offering: HSS powders for PM applications, Binder systems

Hoganas provides comprehensive solutions including powders, binders, and processing expertise for tool manufacturers.

Technology Leadership:

• Advanced particle size control technology
• Sustainable production processes

---

5️⃣ 6. Stanford Advanced Materials

Headquarters: Lake Forest, California, USA
Key Offering: Specialty metal powders, R&D materials

SAM focuses on custom alloy development and small-batch production of specialized high-performance materials.

Technology Leadership:

• Nano-structured powder formulations
• Rare earth element-doped alloys

---

4️⃣ 7. FUSHEL

Headquarters: Jiangsu, China
Key Offering: Cost-competitive HSS powders, Asian market solutions

FUSHEL has rapidly grown to become China’s leading domestic producer with ISO-certified products for global markets.

Technology Leadership:

• Localized tungsten supply chain
• High-volume production capabilities

---

3️⃣ 8. Metal3DP

Headquarters: Massachusetts, USA
Key Offering: AM-optimized HSS powders, Technical services

Metal3DP engineers powders specifically for additive manufacturing with exceptional flow characteristics.

Technology Leadership:

• Powder characterization services
• Print parameter development support

---

2️⃣ 9. IMI Alloys India LLP

Headquarters: Mumbai, India
Key Offering: Localized HSS powder solutions

IMI Alloys serves India’s growing manufacturing sector while maintaining international quality standards.

Technology Leadership:

• Cobalt-free alloy alternatives
• Custom particle size distributions

---

1️⃣ 10. Dieter Schmid Fine Tools

Headquarters: Berlin, Germany
Key Offering: Niche HSS powder grades, Precision applications

Dieter Schmid specializes in ultra-fine powders for micro-tools and precision components.

Technology Leadership:

• Sub-micron powder production
• Advanced surface treatment options

Get Full Report Here: High Speed Steel Powder Market – View Detailed Research Report

---

🔮 Outlook: The Future of High Speed Steel Powder

The high-speed steel powder market is undergoing transformation as traditional methods are supplemented by innovative powder metallurgy and additive manufacturing techniques.

🔑 Key Market Trends:

• Rapid adoption in metal additive manufacturing
• Development of nano-structured and alloy-modified powders
• Increasing aerospace and medical sector demand
• Vertical integration strategies among suppliers

Get Full Report Here: High Speed Steel Powder Market – View Detailed Research Report

These companies are enabling the next generation of high-performance manufacturing across industries through advanced material solutions.