Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Steel Powder Market by Type (Atomization, Reduction, Others), By Application (Automobile, Machinery, Aerospace, Chemical Industry, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Steel Powder Market by Type (Atomization, Reduction, Others), By Application (Automobile, Machinery, Aerospace, Chemical Industry, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 134131 3300 Chemical & Material 377 235 Pages 4.7 (44)

Market Overview:

The global steel powder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for steel powder from various end-use industries, such as automotive, machinery, aerospace, chemical industry and others. Steel powder is used as a raw material in various manufacturing processes and helps improve the performance of products. It offers several benefits such as high strength-to-weight ratio, corrosion resistance and others which are fueling its demand across different industries. Based on type, atomization accounted for the largest share of the global steel powder market in 2017. This can be attributed to its ability to produce finer particles with less porosity when compared with other methods such as reduction or sintering process. By application, automotive held the largest share of the global steel powder market in 2017 owing to rising demand for lightweight vehicles across different regions worldwide.

Global Steel Powder Industry Outlook

Product Definition:

A steel powder is a type of metal powder that is composed of steel. It can be used in a variety of ways, including in the production of metal parts and components.


Atomization is a process of creating very small particles from a solid material by breaking down the larger pieces into extremely small pieces. Atomization is also known as aerosolization or sputtering and it's used in various industries such as automotive, electronics, medical equipment, etc. In steel powder market, atomization plays an important role in increasing the surface area of steel particles which makes them more reactive to oxygen and other elements hence improving their performance during combustion.


Reduction is the process of decreasing the volume or size of a substance by breaking or changing it's shape. It can be applied to any substance which can be changed into a different form with less mass and more surface area. In steel powder reduction refers to processes used for transforming crude steel into fine steel powders through solidification, cementation, sintering, annealing and other processes.

Application Insights:

Automotive was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. Automobile manufacturing processes, such as cutting, welding and assembly require a large amount of steel powder for production. The global automotive industry has witnessed tremendous growth over the past few years owing to increasing sales of passenger cars and light commercial vehicles in developing countries like India, China and Brazil. This trend is expected to continue during the forecast period with slight dips due to economic slowdown in some European countries but overall automotive production will increase resulting in high demand for steel powders from 2018 to 2030.

Regional Analysis:

Asia Pacific dominated the global steel powder market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. These countries are witnessing strong economic growth owing to various factors such as increasing industrial output, rising foreign investments and improving macroeconomic conditions.

China was one of the largest producers of crude steel in 2016 with a production capacity exceeding 110 million tons per year. However, after implementing stringent environmental regulations by the government authorities in 2017 due to growing concerns over air pollution caused due to carbon emissions from coal-based power plants; hence reducing its steel production capacity by around 3 million tons annually until 2018 (i) (ii). This resulted into an increased demand for alternative raw materials for producing high-quality products at competitive prices thus benefitting end users such as manufacturers & consumers including automotive sector across Asia Pacific region.

Growth Factors:

  • Increasing demand from the automotive and construction industries
  • Growing use of steel powder in 3D printing
  • Rising demand for lightweight and high-strength materials in automobiles and aircrafts
  • Technological advancements that have led to the development of new applications for steel powder
  • Growing popularity of additive manufacturing

Scope Of The Report

Report Attributes

Report Details

Report Title

Steel Powder Market Research Report

By Type

Atomization, Reduction, Others

By Application

Automobile, Machinery, Aerospace, Chemical Industry, Others

By Companies

Höganäs, GKN (Hoeganaes), Rio Tinto, JFE Steel Corporation, KOBELCO, Metal Powder Products, Sandvik, Pellets, Daido Steel, AMETEK, Carpenter Technology, Pometon Powder, NANOSTEEL, Laiwu Iron&Steel Group, Jiande Yitong, Wuhan Iron&Steel Group, Ma Steel, Haining Feida, CNPC Powder Material

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Steel Powder Market Report Segments:

The global Steel Powder market is segmented on the basis of:


Atomization, Reduction, Others

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Automobile, Machinery, Aerospace, Chemical Industry, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Höganäs
  2. GKN (Hoeganaes)
  3. Rio Tinto
  4. JFE Steel Corporation
  6. Metal Powder Products
  7. Sandvik
  8. Pellets
  9. Daido Steel
  10. AMETEK
  11. Carpenter Technology
  12. Pometon Powder
  14. Laiwu Iron&Steel Group
  15. Jiande Yitong
  16. Wuhan Iron&Steel Group
  17. Ma Steel
  18. Haining Feida
  19. CNPC Powder Material

Global Steel Powder Market Overview

Highlights of The Steel Powder Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Atomization
    2. Reduction
    3. Others
  1. By Application:

    1. Automobile
    2. Machinery
    3. Aerospace
    4. Chemical Industry
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Steel Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Steel Powder Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Steel powder is a mixture of iron and other metals that has been ground into a fine powder. It is used to make steel, which is a metal that is strong and durable.

Some of the key players operating in the steel powder market are HƒÂ¶ganƒÂ¤s, GKN (Hoeganaes), Rio Tinto, JFE Steel Corporation, KOBELCO, Metal Powder Products, Sandvik, Pellets, Daido Steel, AMETEK, Carpenter Technology, Pometon Powder, NANOSTEEL, Laiwu Iron&Steel Group, Jiande Yitong, Wuhan Iron&Steel Group, Ma Steel, Haining Feida, CNPC Powder Material.

The steel powder market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Steel Powder Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Steel Powder Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Steel Powder Market - Supply Chain
   4.5. Global Steel Powder Market Forecast
      4.5.1. Steel Powder Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Steel Powder Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Steel Powder Market Absolute $ Opportunity

5. Global Steel Powder Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Steel Powder Market Size and Volume Forecast by Type
      5.3.1. Atomization
      5.3.2. Reduction
      5.3.3. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Steel Powder Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Steel Powder Market Size and Volume Forecast by Application
      6.3.1. Automobile
      6.3.2. Machinery
      6.3.3. Aerospace
      6.3.4. Chemical Industry
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Steel Powder Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Steel Powder Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Steel Powder Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Steel Powder Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Steel Powder Demand Share Forecast, 2019-2029

9. North America Steel Powder Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Steel Powder Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Steel Powder Market Size and Volume Forecast by Application
      9.4.1. Automobile
      9.4.2. Machinery
      9.4.3. Aerospace
      9.4.4. Chemical Industry
      9.4.5. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Steel Powder Market Size and Volume Forecast by Type
      9.7.1. Atomization
      9.7.2. Reduction
      9.7.3. Others
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Steel Powder Demand Share Forecast, 2019-2029

10. Latin America Steel Powder Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Steel Powder Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Steel Powder Market Size and Volume Forecast by Application
      10.4.1. Automobile
      10.4.2. Machinery
      10.4.3. Aerospace
      10.4.4. Chemical Industry
      10.4.5. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Steel Powder Market Size and Volume Forecast by Type
      10.7.1. Atomization
      10.7.2. Reduction
      10.7.3. Others
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Steel Powder Demand Share Forecast, 2019-2029

11. Europe Steel Powder Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Steel Powder Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Steel Powder Market Size and Volume Forecast by Application
      11.4.1. Automobile
      11.4.2. Machinery
      11.4.3. Aerospace
      11.4.4. Chemical Industry
      11.4.5. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Steel Powder Market Size and Volume Forecast by Type
      11.7.1. Atomization
      11.7.2. Reduction
      11.7.3. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Steel Powder Demand Share, 2019-2029

12. Asia Pacific Steel Powder Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Steel Powder Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Steel Powder Market Size and Volume Forecast by Application
      12.4.1. Automobile
      12.4.2. Machinery
      12.4.3. Aerospace
      12.4.4. Chemical Industry
      12.4.5. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Steel Powder Market Size and Volume Forecast by Type
      12.7.1. Atomization
      12.7.2. Reduction
      12.7.3. Others
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Steel Powder Demand Share, 2019-2029

13. Middle East & Africa Steel Powder Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Steel Powder Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Steel Powder Market Size and Volume Forecast by Application
      13.4.1. Automobile
      13.4.2. Machinery
      13.4.3. Aerospace
      13.4.4. Chemical Industry
      13.4.5. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Steel Powder Market Size and Volume Forecast by Type
      13.7.1. Atomization
      13.7.2. Reduction
      13.7.3. Others
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Steel Powder Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Steel Powder Market: Market Share Analysis
   14.2. Steel Powder Distributors and Customers
   14.3. Steel Powder Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Höganäs Overview Financials Developments Strategic Outlook
      14.4.2. GKN (Hoeganaes) Overview Financials Developments Strategic Outlook
      14.4.3. Rio Tinto Overview Financials Developments Strategic Outlook
      14.4.4. JFE Steel Corporation Overview Financials Developments Strategic Outlook
      14.4.5. KOBELCO Overview Financials Developments Strategic Outlook
      14.4.6. Metal Powder Products Overview Financials Developments Strategic Outlook
      14.4.7. Sandvik Overview Financials Developments Strategic Outlook
      14.4.8. Pellets Overview Financials Developments Strategic Outlook
      14.4.9. Daido Steel Overview Financials Developments Strategic Outlook
      14.4.10. AMETEK Overview Financials Developments Strategic Outlook
      14.4.11. Carpenter Technology Overview Financials Developments Strategic Outlook
      14.4.12. Pometon Powder Overview Financials Developments Strategic Outlook
      14.4.13. NANOSTEEL Overview Financials Developments Strategic Outlook
      14.4.14. Laiwu Iron&Steel Group Overview Financials Developments Strategic Outlook
      14.4.15. Jiande Yitong Overview Financials Developments Strategic Outlook
      14.4.16. Wuhan Iron&Steel Group Overview Financials Developments Strategic Outlook
      14.4.17. Ma Steel Overview Financials Developments Strategic Outlook
      14.4.18. Haining Feida Overview Financials Developments Strategic Outlook
      14.4.19. CNPC Powder Material Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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