| Product Code: ETC358408 | 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 |
Indonesia`s import trend for stainless steel powder in 2024 saw a decline of -16.23% from the previous year, with a compound annual growth rate (CAGR) of -1.82% from 2020 to 2024. This negative momentum can be attributed to shifts in market demand or changes in trade policies impacting the market`s stability.
The Indonesia stainless steel powder market is on an upward trajectory due to its widespread applications in industries like aerospace, healthcare, and automotive. Stainless steel powder offers excellent corrosion resistance and durability, making it a preferred choice for manufacturing high-quality components. With the expanding healthcare sector and the automotive industry`s focus on innovative materials, the stainless steel powder market is expected to witness continuous growth.
The Stainless Steel Powder market in Indonesia is poised for growth, primarily driven by the expansion of the construction and manufacturing sectors. Stainless steel powder is widely used in the production of various components due to its resistance to corrosion and heat. The infrastructure development and increasing industrialization in Indonesia are expected to boost the demand for stainless steel powder, especially in applications like 3D printing and metal injection molding.
The Indonesia Stainless Steel Powder market is confronted with challenges like the need for advanced powder metallurgy techniques to produce high-quality stainless steel powders. Global competition and the demand for specialized stainless steel powders with unique properties, such as corrosion resistance and high strength, require constant innovation. Meeting quality standards and adhering to environmental regulations in the production process are also significant concerns for the industry.
The stainless steel powder market in Indonesia faced challenges during the COVID-19 pandemic. Due to the restrictions on manufacturing and construction activities, the demand for stainless steel products decreased significantly. Many construction projects were put on hold, leading to a reduction in the consumption of stainless steel powder. However, with the gradual reopening of the economy, the market is expected to recover as construction projects resume and demand for stainless steel products increases.
The Indonesia Stainless Steel Powder market is gaining traction due to the growing automotive and additive manufacturing sectors. Key players like SteelPowders Indonesia and MetalFusion Tech are prominent suppliers of stainless steel powders for various applications, including 3D printing and metal injection molding.