Global Iron Powder Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Iron Powder Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Iron powder is iron that has gone through a powdering process. Iron powder classification mainly includes reduced iron powder, atomized powder and electrolytic iron powder. Each type is used in various applications depending on their properties. Most powdered iron is used in sintering, and it is also used to make magnetic products, brazing and friction materials for brakes.

Market Overview:

The latest research study on the global Iron Powder market finds that the global Iron Powder market reached a value of USD 1958.97 million in 2022. It’s expected that the market will achieve USD 2430.72 million by 2028, exhibiting a CAGR of 3.66% during the forecast period.

The terminal application field of iron powder is greatly affected by the macroeconomic situation, residents' disposable income and consumer confidence. If the prosperity of related industries continues to decline, the scale of production and sales is lower than expected, or the impact of the new crown epidemic is further expanded, it will affect the market demand for iron powder by powder metallurgy product manufacturers, which may affect the operation and income of industry companies.

Drivers

Wide range of downstream applications promote the development of iron powder market.
The application fields of iron powder are very wide, covering transportation, construction, communication equipment, 3C electronics and other fields. In the downstream industry, structural materials are used in metal injection molding and powder metallurgy, terminal docking vehicles, household appliances, power tools, 3C electronics and other products; while functional materials are used in magnetic materials, diamond tools, thermal spraying, welding consumables and other products.
The high-end market of iron powder has great market potential.
With the development of the industry and the advancement of technology, the downstream industry has higher and higher requirements for powder size, rate of change, and control level, the refinement requirements continue to increase, and the demand for high-end iron powder continues to increase.

Constraints and Challenges

The preparation process of iron powder needs to be continuously improved.
At present, the most widely used iron powder preparation methods are reduction method, atomization method, electrolysis method, carbonyl method and so on. Different preparation processes have their own advantages and disadvantages, and it is necessary to continuously improve the efficiency and product performance and reduce the cost.
Intense market competition.

Region Overview:

In 2021, the share of the Iron Powder market in Asia Pacific stood at 50.69%.

Company Overview:

Hoganas AB
Höganäs AB is a Swedish multinational based in Höganäs. It is the world's largest producer of powdered metals. It develops and markets powders for customers in metallurgical industries.
Höganäs is the world leader on the market for iron and metal powders with a yearly capacity of 500,000 tons. Together with our customers, they develop tomorrow’s solutions for automotive components, brazing, electrical motors and additive manufacturing. The company was founded in 1797 and is owned by Lindéngruppen and Wallenberg owned FAM.

Laiwu Iron and Steel Group Powder Metallurgy Co., Ltd.

Laiwu Iron and Steel Group Powder Metallurgy Co., Ltd. was founded in 1987. After more than ten years of development, it has become a large-scale domestic enterprise with two production lines of reduction pulverizing and atomization pulverizing. It is a national 863 achievement industry. Chemical base and high-tech enterprise recognized by Shandong Science and Technology Commission.
The company's current main products are: water atomized iron and steel powder, reduced iron powder and non-segregation mixed powder, etc. Water atomized iron and steel powder includes water atomized pure iron powder, pre-alloyed powder, diffusion alloy powder, water atomized electrode powder and other series of products, reduced iron powder has 16 grades such as FHY100.27, FHY100.25, FHY80.25, LRP150, FHY200, etc. The above products are widely used in powder metallurgy, welding rod, chemical industry, food, metallurgy and other more than ten industries.

Hoganas AB is one of the major players operating in the Iron Powder market, holding a share of 44.86% in 2022.

Hoganas AB, Laiwu Iron and Steel Group Powder Metallurgy Co., Ltd., KOBE STEEL, LTD., Rio Tinto Metal Powders, Hangzhou Yitong New Materials Co., Ltd. are the five key players in the global Iron Powder market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global market in the past 5 years.

Segmentation Overview:

Reduced
Reduced iron powder is manufactured from selected iron oxides through high temperature metallurgical reduction processes. The powder particles are irregular in shape with a sponge-like porous structure so that it provides lower bulk density and higher surface area compared to conventional iron powders.

Atomized

Atomization is a method in which a thin nozzle sprays out molten iron, and a gas jet pushes the iron stream, creating powder when the iron cools.

Electrolytic

Electrolytic iron is produced by electrolytic deposition of metal from an aqueous solution of a suitable iron electrolyte whereby metal is deposited onto a cathode and can be subsequently chipped off or stripped off the cathode and ground into fine powder.

Others


In addition, according to the preparation method, there are carbonyl method, mechanical pulverization method and so on for iron powder preparation method.

By type, Reduced segment accounted for the largest share of market in 2021.

Application Overview:

Automotive
Most iron powders are used for automobile parts. Iron powder is commonly placed into brake pads, drum brake lining and other applications to create the necessary amount of friction. The iron powder used as a filler can help increase the performance and durability of these products by dissipating the generated heat.

Chemical

Iron powders may be used in many different chemical applications from the production of magnetic paints to production of Iron salts (Nitrate, Sulfate, etc). Iron powders also play a role in the recycling of industrial chemicals and are utilized in steel plants and the pharmaceutical industry.

General Industrial

Iron powder is widely used in industry. Iron powder is mainly used to produce powder metallurgy mechanical parts, and its main physical properties are bulk density, fluidity, formability, particle shape, etc. These properties are mainly affected by the production method of iron powder and its chemical composition.

Food

Iron powder is not only a food antioxidant, but also a food nutrition fortifier. Put a small bag of iron powder in the packaging bag of food, etc. or add iron powder in a plastic bag. Using the principle of iron's easy oxidation, it has a very significant effect on the application of its oxygen absorption function to food preservation and anticorrosion. In addition, food manufacturers often add iron powder to foods such as flour, corn, rice, breakfast cereals, etc.

By application, the Automotive segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Iron Powder market covered in Chapter 3:

Liaoning Shengyu New Material Technology Co., Ltd
Ashland
KOBE STEEL, LTD.
JFE Steel Corporation
Hangzhou Yitong New Materials Co., Ltd.
ATI
Hoganas AB
American Elements
BASF Corporation
INDUSTRIAL METAL POWDERS (INDIA) PVT.LTD.
CNPC POWDER
Ansteel Heavy Machinery Co., Ltd. Metallurgical Powder Factory
Rio Tinto Metal Powders
Laiwu Iron and Steel Group Powder Metallurgy Co., Ltd.
Pometon S.p.A
Belmont Metals

In Chapter 4 and Chapter 14.2, on the basis of types, the Iron Powder market from 2018 to 2029 is primarily split into:

Reduced
Atomized
Electrolytic

Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Iron Powder market from 2018 to 2029 covers:

Automotive
Chemical
General Industrial
Food

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)