The Global Alloy Steel Powder for Powder Metallurgy Market was valued at USD 3.2 Billion in 2025 and is projected to reach USD 5.8 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period (2024–2034). This robust growth is primarily driven by the surging demand for complex, lightweight components in the automotive and aerospace industries, alongside significant advancements in material science and manufacturing efficiency.

As modern manufacturing pivots towards more sustainable and resource-efficient processes, the focus intensifies on the material producers who are pioneering the next generation of metal powders. In this blog, we profile the Top 10 Companies in the Alloy Steel Powder for Powder Metallurgy Industry—a group of established material science giants and specialized producers shaping the future of component manufacturing.

---

🔟 1. Dowlais Group (GKN Powder Metallurgy)

Headquarters: London, United Kingdom
Key Offering: Comprehensive portfolio of low-alloy and high-alloy steel powders for automotive and industrial PM parts

Following its separation from GKN plc and formation as Dowlais Group, GKN Powder Metallurgy remains a global powerhouse. It is one of the world’s leading manufacturers of powder metal components and a major producer of metal powders themselves. The company’s expertise spans the entire value chain, from powder production to finished sintered components, serving a vast global customer base.

Innovation and Strategic Focus:

• Leading R&D in advanced alloy compositions for electric vehicle (EV) applications
• Global production network ensuring supply chain resilience
• Strong focus on sustainability through material efficiency and lightweighting solutions

Download FREE Sample Report: Alloy Steel Powder for Powder Metallurgy Market – View in Detailed Research Report

---

9️⃣ 2. Höganäs AB

Headquarters: Höganäs, Sweden
Key Offering: Water-atomized and gas-atomized iron and alloy steel powders, including premixes and pre-alloyed powders

Höganäs AB, now part of Linde plc after a significant acquisition, is a foundational player in the global metal powders market with a history spanning over 200 years. It is renowned for its high-quality iron and steel powders and is a critical supplier to the global PM industry. The company’s extensive product range and technical support make it a preferred partner for manufacturers worldwide.

Innovation and Strategic Focus:

• Pioneering development of stainless steel and soft magnetic composite powders
• Continuous investment in production capacity expansion, particularly in Europe and Asia
• Commitment to circular economy principles through sustainable production methods

---

8️⃣ 3. Rio Tinto Metal Powders

Headquarters: Montreal, Quebec, Canada
Key Offering: High-purity iron powders and specialty alloy steel powders under the QMP brand

Rio Tinto Metal Powders is a division of the global mining giant Rio Tinto Group, specializing in the production of high-quality metal powders. Its QMP brand is synonymous with consistency and reliability in the North American and European markets. The company’s vertical integration, from mining to powder production, provides a stable supply of raw materials.

Innovation and Strategic Focus:

• Focus on producing ultra-clean powders for high-performance applications
• Leadership in developing powders for additive manufacturing (3D printing)
• Strong emphasis on reducing the carbon footprint of powder production

---

7️⃣ 4. Kobe Steel, Ltd.

Headquarters: Kobe, Japan
Key Offering: Kobelco-branded water-atomized and partially-diffused alloy steel powders

Kobe Steel is a major force in the Asian powder metallurgy market, with its Kobelco powder products being highly regarded for their quality and performance. The company has a strong technological foundation and a significant market share, particularly in the automotive sector across Japan, China, and Southeast Asia.

Innovation and Strategic Focus:

• Advanced partially-diffused alloy (PDA) powder technology for enhanced properties
• Strategic expansion of production facilities to meet growing Asian demand
• Close collaboration with Japanese automotive OEMs on next-generation components

Download FREE Sample Report: Alloy Steel Powder for Powder Metallurgy Market – View in Detailed Research Report

---

6️⃣ 5. JFE Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: Water-atomized steel powders for standard and high-performance PM applications

JFE Steel Corporation, one of Japan’s leading steel producers, has a dedicated division for high-performance metal powders. The company leverages its extensive metallurgical expertise to produce powders that meet the stringent requirements of the electronics, automotive, and industrial machinery sectors.

Innovation and Strategic Focus:

• Development of high-compressibility powders for complex part manufacturing
• R&D focus on powders for electromagnetic applications
• Strong domestic market presence with expanding international outreach

---

5️⃣ 6. Sandvik AB

Headquarters: Sandviken, Sweden
Key Offering: High-performance gas-atomized alloy steel powders, including tool steels and stainless steels

Sandvik’s Osprey brand is a leader in the production of premium gas-atomized metal powders. While renowned for its stainless steels and superalloys, Sandvik also produces high-grade alloy steel powders for demanding applications in aerospace, energy, and industrial tooling, where superior mechanical properties are non-negotiable.

Innovation and Strategic Focus:

• World-leading expertise in gas atomization technology for spherical powders
• Strong focus on additive manufacturing powders for critical components
• Investment in custom alloy development for specific customer applications

---

4️⃣ 7. Carpenter Technology Corporation

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Specialty alloy steel powders, including high-temperature alloys and tool steels

Carpenter Technology is a premier producer and distributor of specialty alloys, including a growing range of premium metal powders. The company’s powders are known for their exceptional purity and consistency, catering to the most demanding applications in aerospace, defense, and medical industries.

Innovation and Strategic Focus:

• Leadership in ultra-high-purity vacuum induction melting and gas atomization
• Strategic focus on high-value additive manufacturing supply chains
• Extensive technical support and alloy development services

---

3️⃣ 8. Daido Steel Co., Ltd.

Headquarters: Nagoya, Japan
Key Offering: Specialty steel powders, including high-speed steel powders for tooling applications

Daido Steel is a key Japanese manufacturer with a strong position in specialty steels, which extends to its powder metallurgy division. The company produces high-quality alloy steel powders, with a particular emphasis on high-speed steel powders used for manufacturing durable cutting tools and wear-resistant parts.

Innovation and Strategic Focus:

• Expertise in high-speed steel powder production for the global tooling market
• Development of powders with enhanced wear and corrosion resistance
• Integration with its downstream businesses in sintered components and tools

---

2️⃣ 9. Pometon S.p.A.

Headquarters: Maerne di Martellago, Italy
Key Offering: Iron and alloy steel powders, with a focus on the European market

Pometon is a significant European producer of metal powders, with a long-standing reputation for quality and innovation. The company serves a diverse range of industries, from automotive to consumer goods, and is actively expanding its portfolio of advanced alloy steel powders to meet evolving market needs.

Innovation and Strategic Focus:

• Strong regional presence and tailored support for European manufacturers
• Investment in refining water atomization processes for improved powder characteristics
• Focus on developing sustainable powder production practices

---

1️⃣ 10. CNPC Powder Group

Headquarters: Jiaozuo, Henan, China
Key Offering: Cost-competitive iron and low-alloy steel powders for the Asian market

The CNPC Powder Group is one of China’s largest producers of metal powders, playing a crucial role in supplying the country’s vast manufacturing sector. The company benefits from the rapid growth of China’s automotive and industrial markets and is increasingly focusing on upgrading its product quality to compete globally.

Innovation and Strategic Focus:

• Scalable production to meet the high-volume demands of the domestic market
• Investment in R&D to improve powder quality and develop new alloy grades
• Strategic positioning to capitalize on the growth of EV manufacturing in Asia

Get Full Report Here: Alloy Steel Powder for Powder Metallurgy Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Alloy Steel Powder is Smarter and More Sustainable

The alloy steel powder market is undergoing a significant transformation. While traditional press-and-sinter PM continues to dominate volume, the industry is heavily investing in advanced alloy compositions, production technologies, and sustainable manufacturing pathways to meet the demands of next-generation industries.

📈 Key Trends Shaping the Market:

• Accelerated adoption in Electric Vehicle (EV) platforms for motors and structural components
• Integration of Powder Metallurgy with Additive Manufacturing for complex, low-volume parts
• Development of high-performance alloys for extreme environments in aerospace and energy
• Increased focus on sustainability through material efficiency and recycling initiatives

Get Full Report Here: Alloy Steel Powder for Powder Metallurgy Market – View in Detailed Research Report

The companies listed above are not only supplying the backbone of modern manufacturing—they’re engineering the advanced materials that will enable lighter, stronger, and more efficient products for decades to come.