M2 Tool Steel Powder Market Demand Analysis Report 2026

Global Info Research's report is a detailed and comprehensive analysis for global M2 Tool Steel Powder market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the M2 Tool Steel Powder market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

According to our (Global Info Research) latest study, the global M2 Tool Steel Powder market size was valued at US$ 58.00 million in 2025 and is forecast to a readjusted size of US$ 89.53 million by 2032 with a CAGR of 6.6% during review period.
M2 is a general-purpose, high-speed steel exhibiting well-balanced toughness, wear resistance and red hardness properties. M2 tool steel powder is an iron-based alloy powder with iron as the main element and a small amount of refractory metal elements such as chromium, tungsten, molybdenum and vanadium. Powder can be used in laser/electron beam additive manufacturing (SLM/EBM), powder metallurgy (PM), spraying and other processes. The powder is widely used in 3D printing thin-walled devices and complex parts, powder metallurgy, and biomedical fields.
Upstream, the value chain starts with iron sources (scrap/virgin), carbon additions, and key alloying elements supplied as ferroalloys or pure metals (Cr, Mo, W, V). The alloy is melted/refined and then turned into powder via routes such as gas atomisation, EIGA, plasma atomised wire (PAW), PREP, or (for some PM uses) water/hybrid atomisation.
Downstream, M2 powder is used in PM consolidation (blending → canning → HIP → forging/rolling → heat treatment) or near-net-shape manufacturing (press-and-sinter / MIM / AM such as LPBF, DED, binder jetting).
In 2025, global sales of M2 Tool Steel Powder reached approximately 1,879 tons, with an average global market price of around US$ 30/kg. Production capacity varies significantly among manufacturers, with gross profit margins ranging from approximately 20% to 35%.
M2 tool steel powder is a high-alloy high-speed steel powder primarily used for densified powder-metallurgy routes and metal additive manufacturing. As tooling and cutting-tool users push for shorter lead times and tighter part-to-part consistency, near-net-shape powder routes become more attractive: they reduce downstream machining while maintaining hot hardness and wear resistance, and can improve toughness and microstructural uniformity. In parallel, metal additive manufacturing is gaining practical traction in customized tools, conformal-cooling molds, repair, and remanufacturing, which increases demand for M2 powders with higher sphericity, better flowability, and stricter low-oxygen control.
On the supply side, differentiation centers on atomization and classification know-how, chemistry control, inclusion/oxygen-nitrogen management, and robust lot traceability. Because the M2 alloy system relies on elements such as tungsten, molybdenum, and vanadium, volatility in inputs and energy can quickly reshape quoting behavior and contract strategies. At the same time, powder recycling practices, particle-size optimization, and batch consistency largely determine build stability, densification outcomes, and total cost for end users.
Regionally, advanced PM and AM equipment ecosystems, HIP capacity, and vacuum heat-treatment infrastructure are more concentrated in mature manufacturing hubs, which raises qualification standards and intensifies the need for resilient supply. Procurement often evolves toward long-term, qualified-supplier frameworks with joint process-window validation. Competition is likely to shift further toward application-specific powder variants for different forming routes, scalable and stable supply, and integrated support that includes process parameters and post-processing guidance.
This report is a detailed and comprehensive analysis for global M2 Tool Steel Powder market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Market segment by Type: ≤300 Mesh、 >300 Mesh
Market segment by Application:Powder Metallurgy、 3D Printing、 Biomedical、 Other
Major players covered: Sandvik、 Carpenter Additive、 Höganäs、 AMETEK、 Mitsubishi Steel MFG、 Erasteel、 Daido Steel、 HLPOWDER、 Advanced Technology & Materials

To Get More Details About This Study, Please Click Here: https://www.globalinforesearch.com/reports/3403840/m2-tool-steel-powder

The overall report focuses on primary sections such as - market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market's current scenario which includes various aspects to perform further marketing activity. The market outlook section gives a detailed analysis of market evolution, growth drivers, restraints, opportunities, and challenges, Porter's 5 Force's Framework, macroeconomic analysis, value chain analysis and pricing analysis that directly shape the market at present and over the forecasted period. The drivers and restraints cover the internal factors of the market whereas opportunities and challenges are the external factors that are affecting the market. The market outlook section also gives an indication of the trends influencing new business development and investment opportunities.

The Primary Objectives in This Report determine the size of the total market opportunity of global and key countries,assess the growth potential for M2 Tool Steel Powder and competitive factors affecting the marketplace,forecast future growth in each product and end-use market. Also,this report profiles key players in the global M2 Tool Steel Powder market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments.

M2 Tool Steel Powder market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by region, regional analysis covers North America (United States, Canada, and Mexico),Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe),Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia),South America (Brazil, Argentina, Colombia, and Rest of South America),Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa).

The report provides insights regarding the lucrative opportunities in the M2 Tool Steel Powder Market at the country level. The report also includes a precise cost, segments, trends, region, and commercial development of the major key players globally for the projected period.

The M2 Tool Steel Powder Market report comprehensively examines market structure and competitive dynamics. Researching the M2 Tool Steel Powder market entails a structured approach beginning with clearly defined objectives and a comprehensive literature review to understand the current landscape. Methodologies involve a mix of primary research through interviews, surveys, and secondary research from industry reports and databases. Sampling strategies ensure representation, while data analysis utilizes statistical and analytical techniques to identify trends, market sizing, and competitive landscapes. Key areas of focus include trend analysis, risk assessment, and forecasting. Findings are synthesized into a detailed report, validated through peer review or expert consultation, and disseminated to stakeholders, with ongoing monitoring to stay abreast of developments.

Contact Us:
Global Info Research
Web: https://www.globalinforesearch.com
Email: report@globalinforesearch.com
CN: 0086-176 6505 2062
HK: 00852-58030175

Global Info Research is a company that digs deep into global industry information to support enterprises with market strategies and in-depth market development analysis reports. We provides market information consulting services in the global region to support enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.

This release was published on openPR.