Global Iron Powder Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Type (Reduced Iron Powder, Atomized Iron Powder, Electrolytic Iron Powder), End-user (Automotive, Chemical, General Industrial, Food and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

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Iron Powder Industry Overview

Iron Powder Market Size
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 4 %

Major Players

Iron Powder Market Key Players

*Disclaimer: Major Players sorted in no particular order
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Iron Powder Market Analysis

The market for Iron Powder is expected to grow at a CAGR of more than 4% during the forecast period. One of the key factors driving market is the increasing demand for food fortification.

  • However, slow down in the automobile industry is expected to act as a restraint for the iron powder market.
  • Asia-Pacific is estimated to dominate the market with the largest consumption coming from China. While North America and Europe also expected to have sizeable share in the market.

Iron Powder Industry Segments

The Iron Powder Market Report Includes:

By Type
Reduced Iron Powder
Atomized Iron Powder
Electrolytic Iron Powder
By End-User
Automotive
Chemical
General Industrial
Food
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
United Kingdom
France
Germany
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Iron Powder Market Trends

This section covers the major market trends shaping the Iron Powder Market according to our research experts:

Slowdown in Automobile Industry to Weaken the Iron Powder Market Demand

  • Iron powder is formed from various iron particles. The particle size of iron powder varies from 20-200 micrometer. Iron powder is commercially available in three types reduced iron powder, atomized powder, and electrolyte iron powder. Each type is used in various applications depending on their properties. Electrolyte iron powders, which have purity, stability, and economic advantage, in par with conventional iron salts and chelates are used for food and water fortification.
  • Iron powder also has various industrial and chemical applications. In industrial application they are used for filtration & separation industrial appliances, air purifiers, deodorizers along with in the application such as Welding and soft magnets in electromagnetics, catering both alternating current (AC) and direct current (DC). Iron powders also play a role in the recycling of industrial chemicals and are utilized in steel plants and the pharmaceutical industry.
  • However, the major market share of iron powder applications is swept by PM parts (Particle Metallurgy) alone, mostly serving various automobile parts. Iron powder is used as a filler in friction materials application like automotive OEM and aftermarket brake pads and clutches. They are also extensively used in manufacturing of sintered parts, which are common in transmission and engine applications. However, as the world automotive production has slowed down due to demand decline, the demand for iron powder is also expected to be negatively affected.
Iron Powder Market Report

Asia-Pacific to Dominate the Iron Powder Market

Global iron powder Market is growing with a steady rate in Asia-Pacific with largest consumption is coming from China, India, and Japan. Even though the commercialization of iron powders started in United States and Europe, global center for production has gradually shifted to China due to more production of end user from automotive to general industrial applications. Japan and china are by far the largest producer of iron powder in the world along with a sizeable production from India. Asia-Pacific is closely followed by North America owing to demand from food industry and high application of iron powder sintered parts in the production of automobiles. Overall, Asia-Pacific is expected to dominate the iron powder market during the forecast period.

Iron Powder Market Forecast

Iron Powder Market Competitor Analysis

The market studied is consolidated in nature. Some of the key players in the market include Höganäs AB, Rio Tinto Metal Powders, KOBE STEEL, LTD., JFE Steel Corporation and INDUSTRIAL METAL POWDERS (INDIA) PVT.LTD., Among Others.

Iron Powder Market Top Players

  1. Hoganas AB

  2. Rio Tinto Metal Powders

  3. KOBE STEEL, LTD.

  4. JFE Steel Corporation

  5. INDUSTRIAL METAL POWDERS (INDIA) PVT.LTD.

*Disclaimer: Major Players sorted in no particular order

Hoganas AB, Rio Tinto Metal Powders, KOBE STEEL, LTD., JFE Steel Corporation, INDUSTRIAL METAL POWDERS (INDIA) PVT.LTD.

Iron Powder Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Incresing Demand for Food Enrichment

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Slowdown in Automotive Industry

      2. 4.2.2 Impact of COVID-19 Outbreak

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Reduced Iron Powder

      2. 5.1.2 Atomized Iron Powder

      3. 5.1.3 Electrolytic Iron Powder

    2. 5.2 By End-User

      1. 5.2.1 Automotive

      2. 5.2.2 Chemical

      3. 5.2.3 General Industrial

      4. 5.2.4 Food

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 United Kingdom

        2. 5.3.3.2 France

        3. 5.3.3.3 Germany

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 American Elements

      2. 6.4.2 Ashland

      3. 6.4.3 ATI

      4. 6.4.4 BASF Corporation

      5. 6.4.5 Belmont Metals

      6. 6.4.6 CNPC POWDER

      7. 6.4.7 Hoganas AB

      8. 6.4.8 INDUSTRIAL METAL POWDERS (INDIA) PVT.LTD.

      9. 6.4.9 JFE Steel Corporation

      10. 6.4.10 KOBE STEEL, LTD.

      11. 6.4.11 Laiwu Iron & Steel Group Lunan Mining Co Ltd

      12. 6.4.12 Pometon S.p.A

      13. 6.4.13 Rio Tinto Metal Powders

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Iron Powder Market Research FAQs

The Global Iron Powder Market is studied from 2018 - 2028.

The Global Iron Powder Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2021.

Hoganas AB, Rio Tinto Metal Powders, KOBE STEEL, LTD., JFE Steel Corporation, INDUSTRIAL METAL POWDERS (INDIA) PVT.LTD. are the major companies operating in Global Iron Powder Market.

Global Iron Powder Industry Reports

In-depth industry statistics and market share insights of the Global Iron Powder sector for 2020, 2021, and 2022. The Global Iron Powder research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Global Iron Powder report PDF.

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