India Stainless Steel Powder Market (2025-2031) Outlook | Companies, Value, Share, Trends, Revenue, Forecast, Industry, Size, Analysis & Growth
Market Forecast By Product Type (Martensitic Grade, Ferritic Grade, Austenitic Grade), By Application (Powder Metallurgy, Metal Injection Molding, Additive Manufacturing, Others) And Competitive Landscape
| Product Code: ETC358404 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India Stainless Steel Powder Market Top 5 Importing Countries and Market Competition (HHI) Analysis
India`s stainless steel powder import market saw a notable shift in 2024, with top exporting countries such as China, Japan, and Germany dominating the scene. The Herfindahl-Hirschman Index (HHI) indicated a significant increase in market concentration, reflecting a more competitive landscape. With a commendable Compound Annual Growth Rate (CAGR) of 10.13% from 2020 to 2024, coupled with a robust growth rate of 14.74% in 2023-24, the market is poised for continued expansion and potential opportunities for stakeholders in the stainless steel powder industry.
India Stainless Steel Powder Market Synopsis
The stainless steel powder market size in India was valued at around USD 71 million and is projected to register a CAGR of 5% over the forecast years owing primarily due its extensive application scope across automotive components manufacturing & construction industry various types stainless steel powder used for their specific needs coupled with availability multiple variants grades fuels industry growth potential further. Furthermore , supportive government policies designed promote local manufacturers available raw materials accessible prices encouraging investors set base here providing impetus sector expansion additionally.
Market Drivers of the market
The India stainless steel powder market has witnessed significant growth due to the expanding stainless steel industry. Stainless steel powder is used in additive manufacturing, powder metallurgy, and various industrial applications. The increasing adoption of advanced manufacturing technologies and the need for corrosion-resistant materials in diverse sectors contribute to the market`s expansion.
Challenges of the Market
The India stainless steel powder market confronts challenges related to the availability of high-grade raw materials. Obtaining high-quality stainless steel scrap for powder production can be limited, affecting the overall supply. Moreover, the market faces competition from other powder metallurgy materials, which may offer similar properties at a lower cost. The industry must invest in research and development to improve the quality and cost-effectiveness of stainless steel powder, along with exploring new applications and markets.
Covid-19 Impact on the Market
The India stainless steel powder market encountered challenges during the COVID-19 pandemic as manufacturing and industrial activities faced disruptions. The reduced demand for precision components and additive manufacturing applications affected the consumption of stainless steel powder. Additionally, supply chain disruptions and logistical issues impacted the market. However, with the gradual reopening of industries and the recovery of manufacturing activities, the demand for stainless steel powder began to pick up, driven by the growth of additive manufacturing and powder metallurgy applications.
Key Players of the Market
In the India stainless steel powder market, key players are instrumental in providing powder metallurgy solutions for various industries. Companies like H?gan?s AB, AMETEK, Inc., and Carpenter Technology Corporation are major players in this market. These companies offer a wide range of stainless steel powders for additive manufacturing, metal injection molding, and other advanced manufacturing processes. They are known for their expertise in producing high-quality stainless steel powders with specific particle sizes and characteristics. These key players often invest in research and development to innovate and cater to the evolving needs of industries like automotive, aerospace, and healthcare.
Key Highlights of the Report:
- India Stainless Steel Powder Market Outlook
- Market Size of India Stainless Steel Powder Market, 2024
- Forecast of India Stainless Steel Powder Market, 2031
- Historical Data and Forecast of India Stainless Steel Powder Revenues & Volume for the Period 2021-2031
- India Stainless Steel Powder Market Trend Evolution
- India Stainless Steel Powder Market Drivers and Challenges
- India Stainless Steel Powder Price Trends
- India Stainless Steel Powder Porter's Five Forces
- India Stainless Steel Powder Industry Life Cycle
- Historical Data and Forecast of India Stainless Steel Powder Market Revenues & Volume By Product Type for the Period 2021-2031
- Historical Data and Forecast of India Stainless Steel Powder Market Revenues & Volume By Martensitic Grade for the Period 2021-2031
- Historical Data and Forecast of India Stainless Steel Powder Market Revenues & Volume By Ferritic Grade for the Period 2021-2031
- Historical Data and Forecast of India Stainless Steel Powder Market Revenues & Volume By Austenitic Grade for the Period 2021-2031
- Historical Data and Forecast of India Stainless Steel Powder Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of India Stainless Steel Powder Market Revenues & Volume By Powder Metallurgy for the Period 2021-2031
- Historical Data and Forecast of India Stainless Steel Powder Market Revenues & Volume By Metal Injection Molding for the Period 2021-2031
- Historical Data and Forecast of India Stainless Steel Powder Market Revenues & Volume By Additive Manufacturing for the Period 2021-2031
- Historical Data and Forecast of India Stainless Steel Powder Market Revenues & Volume By Others for the Period 2021-2031
- India Stainless Steel Powder Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By Application
- India Stainless Steel Powder Top Companies Market Share
- India Stainless Steel Powder Competitive Benchmarking By Technical and Operational Parameters
- India Stainless Steel Powder Company Profiles
- India Stainless Steel Powder Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the India Stainless Steel Powder Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Stainless Steel Powder Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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