Die Steel Powder Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 9.2% from 2026 to 2033, reaching USD 2.5 Billion by 2033.
The Die Steel Powder Market was valued at approximately USD 4.28 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030. The market is driven by increasing demand from the automotive, aerospace, and manufacturing industries, which require high performance tool steels for molds and dies. Asia Pacific held the largest market share in 2022, accounting for over 42% of the global revenue, due to rapid industrialization and the presence of a robust manufacturing base in countries like China, India, and Japan. North America followed closely with a 27% share, supported by advanced technological infrastructure and increasing adoption of metal powders in additive manufacturing. Europe captured around 22% of the market, backed by strong automotive production and innovation in powder metallurgy techniques.
Opportunities in the Die Steel Powder Market are rising from the growing application of powder metallurgy in complex tooling design and increasing focus on sustainable manufacturing methods. The shift toward electric vehicles (EVs) and lightweight components is further fueling demand for high strength, durable die steel powders. Latin America and the Middle East & Africa, while currently holding smaller shares at 5% and 4% respectively, are anticipated to experience significant growth due to emerging industrial activities and increased investments in infrastructure and manufacturing. Additionally, the integration of advanced manufacturing technologies such as 3D printing and laser sintering in metal fabrication is expected to open new avenues for market players, especially in high precision tooling applications. Increasing research and development in alloy compositions and powder production techniques is also set to enhance material performance and broaden market penetration globally.
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Daido Steel
Carpenter Technology
CNPC POWDER
HLPOWDER
ACME
Changzhou Zhiyu Powder Metallurgy
Hunan Mana Materials Technology
Avimetal Powder Metallurgy Technology (Beijing)
Anhui Hit 3D Additive
Guangzhou Xianglong High-tech Material Technology
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Die Steel Powder Market
Tool Steel Powder
High-Speed Steel Powder
Low Alloy Steel Powder
Stainless Steel Powder
Automotive Industry
Aerospace Industry
Construction Machinery
Consumer Electronics
Medical Devices
Atomization
Mechanical Milling
Gas Atomization
Chemical Processes
Cutting Tools
Molds and Dies
Precision Parts
Jigs and Fixtures
Direct Sales
Distributors and Wholesalers
Online Retail
Third-Party Marketplaces
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Die Steel Powder Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Die Steel Powder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Die Steel Powder Market, By Type
6. Global Die Steel Powder Market, By Application
7. Global Die Steel Powder Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Die Steel Powder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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