Iron Powder Market Forecasts to 2030 – Global Analysis By Type (Electrolytic Iron Powder, Atomized Iron Powder, Reduced Iron Powder and Other Types), Grade, Application, End User and By Geography

Iron Powder Market Forecasts to 2030 – Global Analysis By Type (Electrolytic Iron Powder, Atomized Iron Powder, Reduced Iron Powder and Other Types), Grade, Application, End User and By Geography


According to Stratistics MRC, the Global Iron Powder Market is accounted for $6.78 billion in 2023 and is expected to reach $11.02 billion by 2030 growing at a CAGR of 7.2% during the forecast period. The iron powder market refers to the global industry involved in the production, distribution, and utilization of iron powder, which is a finely divided form of elemental iron. This versatile material is derived through processes such as reduction of iron oxide, atomization of molten iron, or electrolysis. It serves as a myriad of essential purposes across diverse industries, making it a versatile material in the global market. In the field of magnetic materials, iron powder is employed in the creation of magnets and magnetic products.

According to the International Organization of Motor Vehicle Manufacturers (French: Organisation Internationale des Constructeurs d'Automobiles) (OICA), China is the largest producer of automobiles. The country alone produced 2,60,82,220 units of vehicles in 2021.

Market Dynamics:

Driver:

Rise in electric vehicles

As the automotive sector undergoes a paradigm shift towards sustainable and electric mobility, the demand for iron powder has surged. Iron powder plays a vital role in the production of components for electric motor systems, including electric motors and electromagnetic cores. Additionally, with EVs becoming increasingly popular globally due to environmental concerns and government initiatives promoting clean energy, the need for efficient and high-performance materials in the manufacturing of electric vehicle components, such as soft magnetic components made from iron powder, has intensified.

Restraint:

Volatility in raw material prices

Iron powder production relies heavily on raw materials such as iron ore, and fluctuations in the prices of these raw materials can directly impact production costs. The iron ore is subject to various factors, including supply-demand dynamics, geopolitical events, and macroeconomic conditions, all of which contribute to price volatility. Sudden spikes or drops in iron ore prices can disrupt the cost structure for iron powder manufacturers, leading to uncertain profit margins and increased financial risks. However, managing these price fluctuations becomes crucial for market participants to ensure stable and competitive pricing of iron powder.

Opportunity:

Growing construction activities and infrastructure development

Iron powder plays a pivotal role in the construction sector, particularly in the development of advanced materials with enhanced structural properties. As construction projects escalate globally, the demand for iron powder intensifies, especially in applications like concrete reinforcement and the production of high-strength structural components. Powder metallurgy, utilizing iron powder, contributes to the creation of durable and lightweight construction materials, meeting the evolving needs of modern infrastructure. Furthermore, the versatility of iron powder makes it an essential element in coatings, reinforcements, and other construction-related applications.

Threat:

Advancements in alternative technologies

As industries evolve, alternative methods and materials may emerge that challenge the traditional dominance of iron powder in certain applications. Technologies such as 3D printing and composite materials are continually advancing, offering alternatives to conventional manufacturing processes that heavily rely on iron powder. If these alternative technologies prove to be more efficient, cost-effective, or environmentally friendly, they may divert demand away from iron powder-based solutions. However, the market's ability to adapt to and integrate these emerging technologies will determine its resilience.

Covid-19 Impact:

The widespread economic slowdown led to reduced construction activities and manufacturing operations, directly influencing the demand for iron powder in sectors such as automotive and infrastructure. Supply chain disruptions, including logistical challenges and workforce shortages, hindered the production and distribution of iron powder. The uncertainty surrounding the pandemic also prompted delays in construction projects and infrastructure development, further impacting the market. While certain sectors like healthcare and electronics maintained demand, the overall market experienced a contraction.

The electrolytic iron powder segment is expected to be the largest during the forecast period

Due to a high degree of purity achieved through the electrolysis process, Electrolytic Iron Powder segment is dominating the largest share of the market throughout the extrapolated period. The aerospace and automotive sectors are increasingly adopting this type of iron powder due to its purity and controlled properties. Additionally, the ability of electrolytic iron powder to meet stringent quality requirements in specialized applications, coupled with its suitability for advanced technological processes, positions it as a preferred choice.

The powder metallurgy segment is expected to have the highest CAGR during the forecast period

Owing to the ability of iron powder to be shaped into intricate and complex forms during the sintering process makes it indispensable for producing high-performance components, Powder Metallurgy segment is growing at a rapid pace during the projection period. As industries strive for efficiency, cost-effectiveness, and sustainable manufacturing practices, Powder Metallurgy using iron powder emerges as an ideal solution. The automotive sector, in particular, relies on Powder Metallurgy for the production of components such as gears and bearings, contributing to the segment's substantial growth.

Region with largest share:

Asia Pacific region commanded the largest share of the market throughout the extrapolated period. Rapid urbanization, burgeoning infrastructure development, and a robust manufacturing sector have collectively fueled the demand for iron powder across diverse applications, such as metallurgy, electronics, and construction. China, as a major player in the region, stands at the forefront of this surge, with its insatiable appetite for iron powder to support its expanding steel and automotive industries. Additionally, emerging economies like India are contributing substantially to the growth, leveraging iron powder in infrastructure projects and technological advancements.

Region with highest CAGR:

Asia Pacific region is estimated to witness profitable growth throughout the forecast period. Stringent environmental standards and a growing commitment to sustainable practices have prompted governments to incentivize industries to adopt cleaner technologies, and iron powder is emerging as a key enabler in this transition. Furthermore, the region's proactive approach to research and development, coupled with strategic investments in the iron and steel sector, has positioned the Asia Pacific as a global leader in the iron powder market.

Key players in the market

Some of the key players in Iron Powder market include BASF SE, ATI Powder Metals, Crown Ferrous Alloys Pvt Ltd, Deva Metal Powders Pvt Ltd, GGP Metalpowder AG, GKN Sinter Metals, Hoganas AB, Industrial Metal Powders (India) Pvt. Ltd, Ironev Alloys Pvt Ltd, JFE Steel Corporation, Jiande Yitong Metal Powder Co., Ltd, Kobe Steel, Ltd, Laiwu Iron & Steel Group Powder Metallurgy Co., Ltd, Rio Tinto Metal Powders and SCM Metal Products, Inc.

Key Developments:

In January 2023, JFE Steel completed the acquisition of the ISO 45001 certification, an international standard for occupational health and safety management systems, for all of its Japan operations.

In January 2023, Höganäs developed nickel-free powders for component production. The new nickel-free powder can potentially reduce price and the harmful environmental impact.

In March 2022, The Multi-Scale Additive Manufacturing Lab (MSAM) at the University of Waterloo, Ontario, Canada, has been working closely with Rio Tinto Metal Powders, located in Sorel-Tracy, Québec, to demonstrate that metal Binder Jetting (BJT) Additive Manufacturing can be deployed as a low-cost and reliable alternative to conventional metal part production.

Types Covered:
• Electrolytic Iron Powder
• Atomized Iron Powder
• Reduced Iron Powder
• Other Types
Grades Covered:
• ≥ 99.1%
• ≤ 99.0%

Applications Covered:
• Powder Metallurgy
• Welding and Brazing
• Metal Injection Molding
• Other Applications

End Users Covered:
• Chemical
• Paints and Coatings
• Soft Magnetic Products
• Healthcare
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
JapanChinaIndiaAustralia
New Zealand
South Korea
Rest of Asia Pacific• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Iron Powder Market, By Type
5.1 Introduction
5.2 Electrolytic Iron Powder
5.3 Atomized Iron Powder
5.4 Reduced Iron Powder
5.5 Other Types
6 Global Iron Powder Market, By Grade
6.1 Introduction
6.2 ≥ 99.1%
6.3 ≤ 99.0%
7 Global Iron Powder Market, By Application
7.1 Introduction
7.2 Powder Metallurgy
7.3 Welding and Brazing
7.4 Metal Injection Molding
7.5 Other Applications
8 Global Iron Powder Market, By End User
8.1 Introduction
8.2 Chemical
8.3 Paints and Coatings
8.4 Soft Magnetic Products
8.5 Healthcare
8.6 Other End Users
9 Global Iron Powder Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 BASF SE
11.2 ATI Powder Metals
11.3 Crown Ferrous Alloys Pvt Ltd
11.4 Deva Metal Powders Pvt Ltd
11.5 GGP Metalpowder AG
11.6 GKN Sinter Metals
11.7 Hoganas AB
11.8 Industrial Metal Powders (India) Pvt. Ltd
11.9 Ironev Alloys Pvt Ltd
11.10 JFE Steel Corporation
11.11 Jiande Yitong Metal Powder Co., Ltd
11.12 Kobe Steel, Ltd
11.13 Laiwu Iron & Steel Group Powder Metallurgy Co., Ltd
11.14 Rio Tinto Metal Powders
11.15 SCM Metal Products, Inc
List of Tables
Table 1 Global Iron Powder Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Iron Powder Market Outlook, By Type (2021-2030) ($MN)
Table 3 Global Iron Powder Market Outlook, By Electrolytic Iron Powder (2021-2030) ($MN)
Table 4 Global Iron Powder Market Outlook, By Atomized Iron Powder (2021-2030) ($MN)
Table 5 Global Iron Powder Market Outlook, By Reduced Iron Powder (2021-2030) ($MN)
Table 6 Global Iron Powder Market Outlook, By Other Types (2021-2030) ($MN)
Table 7 Global Iron Powder Market Outlook, By Grade (2021-2030) ($MN)
Table 8 Global Iron Powder Market Outlook, By ≥ 99.1% (2021-2030) ($MN)
Table 9 Global Iron Powder Market Outlook, By ≤ 99.0% (2021-2030) ($MN)
Table 10 Global Iron Powder Market Outlook, By Application (2021-2030) ($MN)
Table 11 Global Iron Powder Market Outlook, By Powder Metallurgy (2021-2030) ($MN)
Table 12 Global Iron Powder Market Outlook, By Welding and Brazing (2021-2030) ($MN)
Table 13 Global Iron Powder Market Outlook, By Metal Injection Molding (2021-2030) ($MN)
Table 14 Global Iron Powder Market Outlook, By Other Applications (2021-2030) ($MN)
Table 15 Global Iron Powder Market Outlook, By End User (2021-2030) ($MN)
Table 16 Global Iron Powder Market Outlook, By Chemical (2021-2030) ($MN)
Table 17 Global Iron Powder Market Outlook, By Paints and Coatings (2021-2030) ($MN)
Table 18 Global Iron Powder Market Outlook, By Soft Magnetic Products (2021-2030) ($MN)
Table 19 Global Iron Powder Market Outlook, By Healthcare (2021-2030) ($MN)
Table 20 Global Iron Powder Market Outlook, By Other End Users (2021-2030) ($MN)
Table 21 North America Iron Powder Market Outlook, By Country (2021-2030) ($MN)
Table 22 North America Iron Powder Market Outlook, By Type (2021-2030) ($MN)
Table 23 North America Iron Powder Market Outlook, By Electrolytic Iron Powder (2021-2030) ($MN)
Table 24 North America Iron Powder Market Outlook, By Atomized Iron Powder (2021-2030) ($MN)
Table 25 North America Iron Powder Market Outlook, By Reduced Iron Powder (2021-2030) ($MN)
Table 26 North America Iron Powder Market Outlook, By Other Types (2021-2030) ($MN)
Table 27 North America Iron Powder Market Outlook, By Grade (2021-2030) ($MN)
Table 28 North America Iron Powder Market Outlook, By ≥ 99.1% (2021-2030) ($MN)
Table 29 North America Iron Powder Market Outlook, By ≤ 99.0% (2021-2030) ($MN)
Table 30 North America Iron Powder Market Outlook, By Application (2021-2030) ($MN)
Table 31 North America Iron Powder Market Outlook, By Powder Metallurgy (2021-2030) ($MN)
Table 32 North America Iron Powder Market Outlook, By Welding and Brazing (2021-2030) ($MN)
Table 33 North America Iron Powder Market Outlook, By Metal Injection Molding (2021-2030) ($MN)
Table 34 North America Iron Powder Market Outlook, By Other Applications (2021-2030) ($MN)
Table 35 North America Iron Powder Market Outlook, By End User (2021-2030) ($MN)
Table 36 North America Iron Powder Market Outlook, By Chemical (2021-2030) ($MN)
Table 37 North America Iron Powder Market Outlook, By Paints and Coatings (2021-2030) ($MN)
Table 38 North America Iron Powder Market Outlook, By Soft Magnetic Products (2021-2030) ($MN)
Table 39 North America Iron Powder Market Outlook, By Healthcare (2021-2030) ($MN)
Table 40 North America Iron Powder Market Outlook, By Other End Users (2021-2030) ($MN)
Table 41 Europe Iron Powder Market Outlook, By Country (2021-2030) ($MN)
Table 42 Europe Iron Powder Market Outlook, By Type (2021-2030) ($MN)
Table 43 Europe Iron Powder Market Outlook, By Electrolytic Iron Powder (2021-2030) ($MN)
Table 44 Europe Iron Powder Market Outlook, By Atomized Iron Powder (2021-2030) ($MN)
Table 45 Europe Iron Powder Market Outlook, By Reduced Iron Powder (2021-2030) ($MN)
Table 46 Europe Iron Powder Market Outlook, By Other Types (2021-2030) ($MN)
Table 47 Europe Iron Powder Market Outlook, By Grade (2021-2030) ($MN)
Table 48 Europe Iron Powder Market Outlook, By ≥ 99.1% (2021-2030) ($MN)
Table 49 Europe Iron Powder Market Outlook, By ≤ 99.0% (2021-2030) ($MN)
Table 50 Europe Iron Powder Market Outlook, By Application (2021-2030) ($MN)
Table 51 Europe Iron Powder Market Outlook, By Powder Metallurgy (2021-2030) ($MN)
Table 52 Europe Iron Powder Market Outlook, By Welding and Brazing (2021-2030) ($MN)
Table 53 Europe Iron Powder Market Outlook, By Metal Injection Molding (2021-2030) ($MN)
Table 54 Europe Iron Powder Market Outlook, By Other Applications (2021-2030) ($MN)
Table 55 Europe Iron Powder Market Outlook, By End User (2021-2030) ($MN)
Table 56 Europe Iron Powder Market Outlook, By Chemical (2021-2030) ($MN)
Table 57 Europe Iron Powder Market Outlook, By Paints and Coatings (2021-2030) ($MN)
Table 58 Europe Iron Powder Market Outlook, By Soft Magnetic Products (2021-2030) ($MN)
Table 59 Europe Iron Powder Market Outlook, By Healthcare (2021-2030) ($MN)
Table 60 Europe Iron Powder Market Outlook, By Other End Users (2021-2030) ($MN)
Table 61 Asia Pacific Iron Powder Market Outlook, By Country (2021-2030) ($MN)
Table 62 Asia Pacific Iron Powder Market Outlook, By Type (2021-2030) ($MN)
Table 63 Asia Pacific Iron Powder Market Outlook, By Electrolytic Iron Powder (2021-2030) ($MN)
Table 64 Asia Pacific Iron Powder Market Outlook, By Atomized Iron Powder (2021-2030) ($MN)
Table 65 Asia Pacific Iron Powder Market Outlook, By Reduced Iron Powder (2021-2030) ($MN)
Table 66 Asia Pacific Iron Powder Market Outlook, By Other Types (2021-2030) ($MN)
Table 67 Asia Pacific Iron Powder Market Outlook, By Grade (2021-2030) ($MN)
Table 68 Asia Pacific Iron Powder Market Outlook, By ≥ 99.1% (2021-2030) ($MN)
Table 69 Asia Pacific Iron Powder Market Outlook, By ≤ 99.0% (2021-2030) ($MN)
Table 70 Asia Pacific Iron Powder Market Outlook, By Application (2021-2030) ($MN)
Table 71 Asia Pacific Iron Powder Market Outlook, By Powder Metallurgy (2021-2030) ($MN)
Table 72 Asia Pacific Iron Powder Market Outlook, By Welding and Brazing (2021-2030) ($MN)
Table 73 Asia Pacific Iron Powder Market Outlook, By Metal Injection Molding (2021-2030) ($MN)
Table 74 Asia Pacific Iron Powder Market Outlook, By Other Applications (2021-2030) ($MN)
Table 75 Asia Pacific Iron Powder Market Outlook, By End User (2021-2030) ($MN)
Table 76 Asia Pacific Iron Powder Market Outlook, By Chemical (2021-2030) ($MN)
Table 77 Asia Pacific Iron Powder Market Outlook, By Paints and Coatings (2021-2030) ($MN)
Table 78 Asia Pacific Iron Powder Market Outlook, By Soft Magnetic Products (2021-2030) ($MN)
Table 79 Asia Pacific Iron Powder Market Outlook, By Healthcare (2021-2030) ($MN)
Table 80 Asia Pacific Iron Powder Market Outlook, By Other End Users (2021-2030) ($MN)
Table 81 South America Iron Powder Market Outlook, By Country (2021-2030) ($MN)
Table 82 South America Iron Powder Market Outlook, By Type (2021-2030) ($MN)
Table 83 South America Iron Powder Market Outlook, By Electrolytic Iron Powder (2021-2030) ($MN)
Table 84 South America Iron Powder Market Outlook, By Atomized Iron Powder (2021-2030) ($MN)
Table 85 South America Iron Powder Market Outlook, By Reduced Iron Powder (2021-2030) ($MN)
Table 86 South America Iron Powder Market Outlook, By Other Types (2021-2030) ($MN)
Table 87 South America Iron Powder Market Outlook, By Grade (2021-2030) ($MN)
Table 88 South America Iron Powder Market Outlook, By ≥ 99.1% (2021-2030) ($MN)
Table 89 South America Iron Powder Market Outlook, By ≤ 99.0% (2021-2030) ($MN)
Table 90 South America Iron Powder Market Outlook, By Application (2021-2030) ($MN)
Table 91 South America Iron Powder Market Outlook, By Powder Metallurgy (2021-2030) ($MN)
Table 92 South America Iron Powder Market Outlook, By Welding and Brazing (2021-2030) ($MN)
Table 93 South America Iron Powder Market Outlook, By Metal Injection Molding (2021-2030) ($MN)
Table 94 South America Iron Powder Market Outlook, By Other Applications (2021-2030) ($MN)
Table 95 South America Iron Powder Market Outlook, By End User (2021-2030) ($MN)
Table 96 South America Iron Powder Market Outlook, By Chemical (2021-2030) ($MN)
Table 97 South America Iron Powder Market Outlook, By Paints and Coatings (2021-2030) ($MN)
Table 98 South America Iron Powder Market Outlook, By Soft Magnetic Products (2021-2030) ($MN)
Table 99 South America Iron Powder Market Outlook, By Healthcare (2021-2030) ($MN)
Table 100 South America Iron Powder Market Outlook, By Other End Users (2021-2030) ($MN)
Table 101 Middle East & Africa Iron Powder Market Outlook, By Country (2021-2030) ($MN)
Table 102 Middle East & Africa Iron Powder Market Outlook, By Type (2021-2030) ($MN)
Table 103 Middle East & Africa Iron Powder Market Outlook, By Electrolytic Iron Powder (2021-2030) ($MN)
Table 104 Middle East & Africa Iron Powder Market Outlook, By Atomized Iron Powder (2021-2030) ($MN)
Table 105 Middle East & Africa Iron Powder Market Outlook, By Reduced Iron Powder (2021-2030) ($MN)
Table 106 Middle East & Africa Iron Powder Market Outlook, By Other Types (2021-2030) ($MN)
Table 107 Middle East & Africa Iron Powder Market Outlook, By Grade (2021-2030) ($MN)
Table 108 Middle East & Africa Iron Powder Market Outlook, By ≥ 99.1% (2021-2030) ($MN)
Table 109 Middle East & Africa Iron Powder Market Outlook, By ≤ 99.0% (2021-2030) ($MN)
Table 110 Middle East & Africa Iron Powder Market Outlook, By Application (2021-2030) ($MN)
Table 111 Middle East & Africa Iron Powder Market Outlook, By Powder Metallurgy (2021-2030) ($MN)
Table 112 Middle East & Africa Iron Powder Market Outlook, By Welding and Brazing (2021-2030) ($MN)
Table 113 Middle East & Africa Iron Powder Market Outlook, By Metal Injection Molding (2021-2030) ($MN)
Table 114 Middle East & Africa Iron Powder Market Outlook, By Other Applications (2021-2030) ($MN)
Table 115 Middle East & Africa Iron Powder Market Outlook, By End User (2021-2030) ($MN)
Table 116 Middle East & Africa Iron Powder Market Outlook, By Chemical (2021-2030) ($MN)
Table 117 Middle East & Africa Iron Powder Market Outlook, By Paints and Coatings (2021-2030) ($MN)
Table 118 Middle East & Africa Iron Powder Market Outlook, By Soft Magnetic Products (2021-2030) ($MN)
Table 119 Middle East & Africa Iron Powder Market Outlook, By Healthcare (2021-2030) ($MN)
Table 120 Middle East & Africa Iron Powder Market Outlook, By Other End Users (2021-2030) ($MN)

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