The Global Metal Injection Molding (MIM) Powder Market was valued at USD 3.5 Billion in 2024 and is projected to reach USD 5.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.9% during the forecast period (2024–2030). This robust growth is primarily driven by increasing demand from the medical, automotive, and electronics sectors for complex, high-precision, and cost-effective metal components.

As advanced manufacturing embraces miniaturization and mass production of intricate parts, the spotlight is on the key material suppliers who are driving innovation in powder metallurgy. In this blog, we profile the Top 10 Companies in the Metal Injection Molding (MIM) Powder Industry—a mix of global chemical giants, specialized powder producers, and technology innovators shaping the future of component manufacturing.

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🔟 1. Sandvik AB

Headquarters: Sandviken, Sweden
Key Offering: Osprey® Metal Powders for MIM (Stainless Steels, Tool Steels, Superalloys)

Sandvik AB, through its Sandvik Materials Technology division, is a world-leading manufacturer of high-performance metal powders. Their Osprey® gas-atomized powders are renowned for their high sphericity, excellent flow characteristics, and purity, making them ideal for demanding MIM applications in medical implants and aerospace components.

Innovation & Market Focus:

• Leading producer of gas-atomized spherical metal powders

• Strong focus on high-value segments like medical and aerospace

• Continuous R&D in new alloy development for additive manufacturing and MIM

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9️⃣ 2. Höganäs AB

Headquarters: Höganäs, Sweden
Key Offering: Stainless Steel MIM Powders (316L, 17-4PH), Low-Alloy Steel Powders

Höganäs is a pioneer in iron and metal powder production and one of the largest players in the global MIM powder market. The company offers a comprehensive portfolio of water- and gas-atomized powders, serving a vast network of MIM part producers worldwide with consistent quality and technical support.

Innovation & Market Focus:

• World’s largest producer of iron and metal powders

• Extensive portfolio catering to high-volume MIM applications

• Strategic focus on sustainability and reducing the carbon footprint of powder production

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8️⃣ 3. GKN Powder Metallurgy (Now part of Piper Private Equity)

Headquarters: Radevormwald, Germany
Key Offering: Metal Powders for MIM, MIM Component Manufacturing Services

GKN Powder Metallurgy, with its subsidiaries like GKN Hoeganaes and GKN Sinter Metals, has been a dominant force. While known for its sintered parts business, it is also a significant supplier of metal powders and operates its own MIM manufacturing facilities, offering a vertically integrated solution from powder to part.

Innovation & Market Focus:

• Integrated approach from powder production to finished MIM components

• Strong presence in the automotive sector

• Investment in advanced powder manufacturing technologies

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7️⃣ 4. JFE Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: Stainless Steel MIM Powder, Soft Magnetic Composite Powders

JFE Steel is a major Japanese steel producer with a growing specialty in high-quality metal powders for MIM and other powder metallurgy applications. The company leverages its expertise in steelmaking to produce powders with tightly controlled chemistries and microstructures.

Innovation & Market Focus:

• Leading supplier in the Asia-Pacific region

• Focus on high-purity stainless steel and specialty alloy powders

• Strong R&D in powders for electronic and magnetic applications

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Metal Injection Molding (MIM) Powder Market – View in Detailed Research Report

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6️⃣ 5. Daido Steel Co., Ltd.

Headquarters: Nagoya, Japan
Key Offering: High-Speed Steel Powders, Stainless Steel Powders, Superalloy Powders

Daido Steel is a prominent Japanese specialty steelmaker and a key supplier of high-performance metal powders. The company is particularly noted for its high-speed steel (HSS) powders used in MIM to produce durable cutting tools, wear-resistant parts, and other high-strength components.

Innovation & Market Focus:

• Specialization in high-performance alloy powders

• Significant market share in tool steel powders for MIM

• Continuous improvement in powder atomization processes

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5️⃣ 6. ATI Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Nickel-based Superalloys, Titanium Alloys, Specialty Stainless Steels

ATI is a global manufacturer of high-performance materials, including a range of specialty metal powders for MIM and additive manufacturing. Their powders are critical for applications requiring exceptional strength, corrosion resistance, and high-temperature performance, such as in aerospace and energy sectors.

Innovation & Market Focus:

• Leading producer of premium superalloy and titanium powders

• Strong focus on aerospace, defense, and medical implant markets

• Investment in advanced powder production capacity for reactive alloys

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4️⃣ 7. Advanced Technology & Materials Co., Ltd. (AT&MM)

Headquarters: Beijing, China
Key Offering: Stainless Steel Powders, Magnetic Powders, Tungsten-based Alloy Powders

AT&MM is a leading advanced materials company in China, specializing in the research, development, and production of metal powders for various high-tech applications. It is a major supplier to the growing Asian MIM market, providing cost-competitive and high-quality powders.

Innovation & Market Focus:

• Dominant player in the rapidly expanding Chinese market

• Broad product portfolio serving electronics, automotive, and industrial sectors

• Significant investment in R&D for new material systems

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3️⃣ 8. Praxair Surface Technologies (Now part of Linde)

Headquarters: Indianapolis, Indiana, USA
Key Offering: High-Purity Metal and Alloy Powders for Thermal Spray and MIM

Praxair, now part of Linde, is a global leader in industrial gases and surface technologies. Its powder division produces a wide range of fine, spherical metal powders that are essential for the MIM process, particularly for applications demanding high density and performance.

Innovation & Market Focus:

• Expertise in gas atomization technology for high-purity powders

• Serves a diverse range of industries, including aerospace and energy

• Global supply chain and technical support network

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2️⃣ 9. Rio Tinto Metal Powders

Headquarters: Sorel-Tracy, Quebec, Canada
Key Offering: High-Purity Iron Powders, Stainless Steel Powders

Rio Tinto is a leading global mining group, and its metal powders division is a major supplier of high-purity iron and steel powders. While traditionally strong in the press-and-sinter powder metallurgy market, it also supplies fine powders suitable for certain MIM applications, particularly where cost-effectiveness is key.

Innovation & Market Focus:

• One of the world’s largest producers of iron powder

• Focus on sustainable production processes

• Strategic supplier for high-volume MIM parts

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1️⃣ 10. Carpenter Technology Corporation

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Carpenter Additive Powders (Stainless Steels, Tool Steels, Superalloys)

Carpenter Technology is a recognized leader in the development, manufacture, and distribution of premium specialty alloys. Its Carpenter Additive division produces exceptionally consistent and high-quality spherical metal powders tailored for MIM and additive manufacturing, serving the most demanding applications in healthcare and aerospace.

Innovation & Market Focus:

• Renowned for powder consistency and lot-to-lot repeatability

• Strong focus on the medical and aerospace sectors

• Extensive technical expertise in alloy design and powder characterization

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Metal Injection Molding (MIM) Powder Market – View in Detailed Research Report

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🔬 Outlook: The Future of MIM Powder is Smarter and More Sustainable

The Metal Injection Molding powder market is undergoing a significant transformation. While standard stainless steel powders remain the volume leader, the industry is rapidly advancing toward specialized alloys, improved powder characteristics, and more sustainable production methods.

📈 Key Trends Shaping the Market:

• Growing demand for biocompatible alloys (e.g., Titanium, Cobalt-Chrome) for medical implants

• Development of soft magnetic composites (SMCs) for advanced electronics and electric vehicles

• Increased adoption of gas atomization over water atomization for superior powder quality

• Focus on recycling and reusing MIM powders to improve sustainability and reduce costs

Read Full Report:
Metal Injection Molding (MIM) Powder Market – View in Detailed Research Report

The companies listed above are not only supplying the foundational materials for modern manufacturing—they are actively driving the innovation that enables lighter, stronger, and more complex components across countless industries.