Steel metal powder refers to finely particulate steel—often produced via atomization or reduction—used to create high-precision components through processes like Powder Metallurgy (PM) and Additive Manufacturing (AM).

In 2025, the market is characterized by a significant shift toward "Green Steel" powders. Manufacturers are increasingly utilizing recycled scrap and renewable energy sources to produce atomized powders, catering to the stringent ESG (Environmental, Social, and Governance) requirements of the automotive and aerospace sectors. The integration of Additive Manufacturing (3D printing) remains the primary catalyst for market expansion, allowing for complex geometries that traditional casting cannot achieve.

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Market Size and Forecast (2025)

Based on recent industry data, the global steel metal powder market is valued at approximately USD 6.26 Billion in 2025.

Growth Projection: Following the trajectory established by Data Bridge Market Research, the market continues to exhibit robust growth. While historical CAGR (Compound Annual Growth Rate) was positioned at 22.00% (2022-2029), the 2025 landscape shows a stabilized but high-velocity growth rate as the technology matures.

Forecast Year 2025: By the end of 2025, the market is expected to reach a valuation of USD 6.57 Billion, supported by a surge in Electric Vehicle (EV) production and localized supply chains in North America and Asia-Pacific.

Market Segmentation

The market is segmented to reflect the diverse applications and chemical compositions of steel powders:

Segment

Key Categories

2025 Market Impact

By Type

Stainless Steel, Alloy Steel, Carbon Steel, Tool Steel

Stainless Steel holds the largest share (~35%) due to its corrosion resistance.

By Process

Atomization (Gas/Water), Reduction, Electrolysis

Atomization is the dominant method for 3D printing applications.

By Particle Size

Fine (<50 microns), Coarse (>150 microns)

Fine powder demand is surging for high-precision electronics.

By End-Use

Automotive, Aerospace, Healthcare, Construction

Automotive remains the leading consumer, accounting for ~34% share.

 

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Key Players in Steel Metal Powder

The competitive landscape is dominated by established metallurgical giants and specialized additive manufacturing firms. Major players identified in the 2025 market include:

ATI (Allegheny Technologies Inc.)

American Axle & Manufacturing, Inc.

American Chemet Corporation

AMETEK Inc.

Burgess-Norton

CRS Holdings, LLC (Carpenter Technology)

Daido Steel Co., Ltd.

DIAMET CORPORATION

DOWA HOLDINGS CO., LTD.

ERASTEEL

F.W. Winter Inc. & Co.

Federal-Mogul Holdings Corp.

Fine-sinter Co., Ltd.

GKN Sinter Metals Engineering GmbH

H.C. Starck Tungsten GmbH

Showa Denko Materials Co., Ltd.

Höganäs AB

JFE Steel Corporation

Kennametal Inc.

KOBE STEEL, LTD.

These players are focusing on strategic partnerships (such as the 2025 Höganäs-Porite collaboration) to develop near-zero emission powders.

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Powder Metallurgy (PM)

The growth of the steel powder market is inextricably linked to Powder Metallurgy (PM). This metal-forming process involves heating compacted metal powders to just below their melting point (sintering) to create solid parts. In 2025, PM is the preferred choice for manufacturing EV gears and engine components because it minimizes material waste and produces parts that are both lightweight and exceptionally durable.

Future Outlook

The PR Steel Metal Powder market in 2025 stands as a vital pillar of the "Fourth Industrial Revolution." With a projected market size exceeding USD 6.2 Billion and a sustained double-digit growth potential, the industry is no longer just about raw materials—it is about precision and sustainability.

As Additive Manufacturing continues to transition from prototyping to mass production, the demand for high-purity, specialized steel alloys will only intensify. Companies that prioritize green production methods and regionalized supply chains are set to lead this multi-billion dollar sector through the end of the decade.

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