The Global Metal Powder Market was valued at USD 9.83 Billion in 2024 and is projected to reach USD 13.69 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period (2024–2032). This growth is being driven by surging demand from the automotive and aerospace sectors, rapid advancements in additive manufacturing (3D printing), and the increasing adoption of powder metallurgy for producing lightweight, high-performance components.

As manufacturing industries worldwide pivot towards more efficient and sustainable production methods, the focus intensifies on the key material suppliers at the heart of this transformation. In this blog, we profile the Top 10 Companies in the Metal Powder Industry—a combination of established giants and innovative specialists who are shaping the future of advanced manufacturing across the globe.

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🔟 1. Höganäs AB

Headquarters: Höganäs, Sweden
Key Offering: Iron and Steel Powders, Stainless Steel Powders, Custom Alloys

Höganäs AB is the world’s leading manufacturer of metal powders, particularly iron and steel-based products. With over two centuries of experience, the company serves a vast global customer base, with the automotive industry accounting for the majority of its sales. Höganäs is renowned for its expertise in powder metallurgy, enabling the production of complex, net-shape components with minimal material waste.

Innovation & Sustainability Initiatives:

• Pioneering water atomization technology for finer, more consistent powders

• Development of bespoke alloy powders for additive manufacturing applications

• Commitment to carbon-neutral production processes by 2050 through energy efficiency and renewable energy adoption

Download FREE Sample Report: Metal Powder Market – View in Detailed Research Report

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9️⃣ 2. GKN Hoeganaes

Headquarters: London, United Kingdom (Operations primarily in North America)
Key Offering: AncorSteel® Metal Powders, Ancormet® Specialty Powders

GKN Hoeganaes is a major global player, especially strong in the North American market. As part of the GKN Additive division (now part of Melrose Industries), the company provides a wide range of high-quality ferrous and non-ferrous powders. Its products are critical for automotive powertrain components, industrial machinery, and increasingly, for additive manufacturing in aerospace.

Innovation & Sustainability Initiatives:

• Investment in advanced gas atomization systems for high-purity powders

• Focus on developing lightweight alloy powders for electric vehicles

• Implementation of closed-loop recycling systems to minimize production waste

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8️⃣ 3. Rio Tinto Metal Powders

Headquarters: Sorel-Tracy, Quebec, Canada
Key Offering: High-Purity Iron Powder, Aluminum Powders, Specialty Alloys

Rio Tinto Metal Powders (RTMP) is a premier producer of high-purity iron and steel powders, leveraging its vertical integration from mining to final product. The company’s products are essential for the powder metallurgy market, serving automotive, appliance, and energy sectors. Its location in Canada provides strategic access to North American and European markets.

Innovation & Sustainability Initiatives:

• Development of low-apparent density powders for enhanced compaction in manufacturing

• Research into metal powders for green hydrogen production and storage applications

• Utilization of hydroelectric power for a significant portion of its production, reducing carbon footprint

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7️⃣ 4. Sandvik AB

Headquarters: Sandviken, Sweden
Key Offering: Osprey® Metal Powders (Nickel, Titanium, Cobalt alloys), Additive Manufacturing Powders

Sandvik’s materials technology division is a global leader in high-performance metal powders, particularly for demanding applications in aerospace, medical, and energy industries. Its Osprey® brand is synonymous with premium gas-atomized powders used in metal additive manufacturing and hot isostatic pressing (HIP).

Innovation & Sustainability Initiatives:

• Expertise in producing spherical powders for critical 3D printing applications

• Advanced quality control systems ensuring ultra-high purity and consistency

• Commitment to circular economy principles with powder recycling and remanufacturing programs

Download FREE Sample Report: Metal Powder Market – View in Detailed Research Report

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6️⃣ 5. Carpenter Technology Corporation

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Specialty Alloy Powders (Stainless, Titanium, Superalloys), Additive Manufacturing Feedstock

Carpenter Technology is a key US-based producer of high-value specialty alloy powders. The company caters to the most demanding sectors, including aerospace, defense, and medical implants, where material performance is non-negotiable. Its powders are known for their precise chemistry and superior mechanical properties.

Innovation & Sustainability Initiatives:

• Leading R&D in titanium and nickel-based superalloys for next-generation jet engines

• Development of customized powder blends for specific additive manufacturing processes

• Focus on reducing energy consumption in powder production through process optimization

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5️⃣ 6. Alcoa Corporation

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Aluminum Powders, Aluminum Alloy Powders

Alcoa, a global leader in aluminum production, is a significant supplier of aluminum powders. These powders are critical for pyrotechnics, explosives, and increasingly for additive manufacturing where lightweighting is paramount. The company’s expertise in aluminum metallurgy gives it a distinct advantage in powder quality and consistency.

Innovation & Sustainability Initiatives:

• Production of high-purity aluminum powders for automotive lightweighting applications

• Investment in sustainable aluminum smelting technology (ELYSIS) to reduce carbon emissions

• Exploration of aluminum powder applications in energy storage systems

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4️⃣ 7. Kymera International

Headquarters: Research Triangle Park, North Carolina, USA
Key Offering: Non-Ferrous Metal Powders (Copper, Tin, Bronze, Nickel), Master Alloys

Kymera International is a global manufacturer of non-ferrous metal powders and paste products. The company’s diverse portfolio serves markets such as welding, diamond tools, friction materials, and chemical processing. Its strength lies in customization and producing complex alloy systems to meet specific customer requirements.

Innovation & Sustainability Initiatives:

• Specialization in copper and tin-based powders for brazing and thermal management

• Development of powders for electronic packaging and conductive inks

• Implementation of energy recovery systems in its production facilities

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3️⃣ 8. JFE Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: Steel Powders, High-Compressibility Iron Powders

JFE Steel is one of Japan’s leading steel producers and a major supplier of high-quality steel powders, primarily for the Asian powder metallurgy market. The company’s powders are widely used in automotive parts, such as engine and transmission components, where high strength and precision are required.

Innovation & Sustainability Initiatives:

• Focus on developing high-compressibility powders to enable more complex part geometries

• R&D into powder grades for magnetic applications and soft magnetic composites (SMCs)

• Adoption of CO2 reduction technologies in line with Japan’s carbon neutrality goals

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2️⃣ 9. CNPC Powder Group (Subsidiary of China North Industries Group)

Headquarters: Jinzhou, Liaoning, China
Key Offering: Iron Powders, Copper Powders, Pre-alloyed Powders

As a major player in the Asia-Pacific region, which dominates over 47% of the global market, CNPC Powder Group is a key supplier of cost-effective metal powders. The company serves the rapidly growing Chinese automotive and consumer goods industries, providing essential materials for powder metallurgy and MIM (Metal Injection Molding).

Innovation & Sustainability Initiatives:

• Expansion of production capacity to meet domestic and international demand

• Development of powders tailored for the Chinese EV and appliance markets

• Investment in more efficient water atomization processes to reduce environmental impact

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1️⃣ 10. Praxair Surface Technologies (Now part of Linde plc)

Headquarters: Indianapolis, Indiana, USA
Key Offering: Thermal Spray Powders (Cobalt, Nickel, Tungsten Carbide), Additive Manufacturing Powders

Praxair Surface Technologies, now integrated into Linde, is a global leader in advanced coating solutions and metal powders for thermal spray and additive manufacturing. The company provides high-performance powders that extend the life of critical components in aerospace, industrial gas turbines, and other high-wear applications.

Innovation & Sustainability Initiatives:

• Expertise in agglomerated and sintered powders for wear-resistant coatings

• Development of powders for repairing and refurbishing high-value components

• Integration with Linde’s industrial gases expertise to optimize powder production atmospheres for quality and efficiency

Read Full Report: Metal Powder Market – View in Detailed Research Report

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🧠 Outlook: The Future of Metal Powder Is Intelligent and Additive

The metal powder market is undergoing a fundamental transformation. While conventional powder metallurgy remains the volume leader, the industry is witnessing unprecedented investment in additive manufacturing technologies, material science innovations, and digital supply chain solutions.

📈 Key Trends Shaping the Market:

• Accelerated adoption of metal 3D printing across aerospace, medical, and automotive sectors

• Development of specialized alloy powders for electric vehicle components and battery technology

• Increasing focus on powder recycling and sustainability within the additive manufacturing workflow

• Digitalization and AI-driven quality control for ensuring powder consistency and performance

Read Full Report: Metal Powder Market – View in Detailed Research Report

The companies listed above are not just supplying raw materials—they are essential partners in enabling the next generation of manufacturing innovation.