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Global Iron Powder Market Share, Size, Growth, Analysis, Forecast: By Type: Reduced, Atomised, Electrolytic, By End User: Automotive, Chemical, General Industrial, Food, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand and Price; Competitive Landscape; 2023-2028
Global Iron Powder Market Outlook
The global iron powder market size is expected to grow at a CAGR of 5.40% between 2023 and 2028. The market is being driven by increasing applications of iron powder across various end user sectors such as automotive and chemical.
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Key Trends in the Market
Iron powder refers to a form of the iron element which has gone through a powdering process. Iron powder can be manufactured in multitude of grades which can be differentiated based on purity, and density, among other parameters. Different grades and varieties of iron powder are suited for varying applications such as friction materials, sintered parts, and soft magnetic composites.
- Iron powder is an extremely versatile material which is used across various sectors such as general industrial, chemical, and food. The exponential growth of these sectors in emerging economies is driving the growth of the iron powder market.
- The increasing popularity of sustainable fuel options is boosting the demand for iron powder as combustion of iron powder produces high energy and can undergo oxidation without emitting carbon. Stringent regulations of various governments aimed towards minimising carbon footprints in the industrial sector is further escalating the adoption of iron powder as an alternative fuel source in various applications.
- The burgeoning automotive sector, driven by growing expansion of luxury car brands and inflating disposable income of the working population, is increasing the application of iron powder to produce critical automobile components.
- Innovations in powder metallurgy techniques are crucial trends in the iron powder market. Moreover, innovations being carried out in the industrial sector, such as the development of multipurpose metal tunnel furnace, are expected to offer lucrative opportunities for the growth of the market for iron powders.
Market Analysis
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Based on type, the market is segmented into reduced, atomised, and electrolytic. On the basis of end user, the market is classified into automotive, chemical, general industrial, and food, among others. The regional markets for iron powder are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global iron powder market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- JFE Steel Corporation
- Reade International Corp.
- Hoganas AB
- BASF SE
- Kobe Steel Ltd.
- Rio Tinto Metal Powders
- Pometon S.p.A
- Sagwell USA Inc.
- Industrial Metal Powders (India) Pvt. Ltd.
- Others
Market Share by Type
Reduced type of iron powders account for a sizable share of the iron powder market as they have diverse applications in powder metallurgy, production of welding materials, and for soil decontamination, among other applications. Downstream heating products that utilise reduced iron powder, such as disposable heating pads, are witnessing a heightened demand across households, particularly in regions that face extensive cold weather. Over the forecast period, the anticipated increase in growth of mining, military, and wastewater management sector is likely to propel the demand of reduced iron powder to decontaminate soil.
Market Share by End User
Based on end user, the automotive segment accounts for a significant share in the iron powder market. This can be attributed to the common placement of iron powder in various automotive components such as braking pads, drum brake lining, and various sintered components. In addition, the growing research and development activities aimed towards opening new possibilities to produce creative and affordable automotive design solutions are fuelling the segment’s growth. Over the forecast period, the anticipated increase in demand for passenger and commercial automobiles is likely to add to the market growth.
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Competitive Landscape
JFE Steel Corporation is a leading steel manufacturer which is a subsidiary of JFE Holdings. The product portfolio of this company includes sheets, plates, pipes and tubes, electrical sheets, steel bars and wire rods, iron powders, and titanium, among others. It was founded in 2003 and is headquartered in Tokyo in Japan.
Reade International Corp. is a chemical manufacturing company, the product portfolio of which includes abrasives, powders, absorbent materials, alloys, metals, aluminide compounds, amendments, arsenide compounds, binders, carbon, filler materials, and coated and ceramic powders, among others. Reade International Corp. was founded in 1983 and is headquartered in Rhode Island, United States.
Hoganas AB is a powder metallurgy company which is one of the largest producers of powdered materials. The metal powders manufactured by this company are widely utilised in areas such as additive manufacturing, brazing, pressing and sintering, and surface coating, among others. The company was founded in the year 1797 and is headquartered in Hoganas, Sweden.
Other market players include BASF SE, Kobe Steel Ltd., Rio Tinto Metal Powders, Pometon S.p.A, Sagwell USA Inc., and Industrial Metal Powders (India) Pvt. Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Iron Powder Market Analysis
8.1 Key Industry Highlights
8.2 Global Iron Powder Historical Market (2018-2022)
8.3 Global Iron Powder Market Forecast (2023-2028)
8.4 Global Iron Powder Market by Type
8.4.1 Reduced
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Atomised
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Electrolytic
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Iron Powder Market by End User
8.5.1 Automotive
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Chemical
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 General Industrial
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Food
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Iron Powder Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Iron Powder Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Iron Powder Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Iron Powder Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Iron Powder Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Iron Powder Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 JFE Steel Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Reade International Corp.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Hoganas AB
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 BASF SE
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Kobe Steel Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Rio Tinto Metal Powders
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Pometon S.p.A
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Sagwell USA Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Industrial Metal Powders (India) Pvt. Ltd.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Iron Powder Market: Key Industry Highlights, 2018 and 2028
2. Global Iron Powder Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Iron Powder Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Iron Powder Historical Market: Breakup by End-User (USD Million), 2018-2022
5. Global Iron Powder Market Forecast: Breakup by End- User (USD Million), 2023-2028
6. Global Iron Powder Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Iron Powder Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Iron Powder Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Iron Powder Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Iron Powder Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Iron Powder Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Iron Powder Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Iron Powder Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Iron Powder Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Iron Powder Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Iron Powder Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Iron Powder Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Iron Powder Market Structure.
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 5.40% in the forecast period of 2023 and 2028.
The thriving automotive, chemical, and food sector, increasing popularity of sustainable fossil fuel alternatives, and growing applications of iron powder in heating components are the major drivers of the market.
The key trends in the market include the growing innovations in powder metallurgy techniques and progressive product innovations in the industrial sector.
Reduced, atomised, and electrolytic are the different types of iron powder in the market.
Automotive, chemical, general industrial, and food, among others, are the various end users of the market.
Iron powder is considered to be slightly hazardous if it comes into contact with skin or eyes, but is largely non-hazardous when inhaled, although chronic inhalation of fine powder may cause health concerns.
Iron powder contains aggregate of iron particles with varying size ranging from 20 to 200 micro metres.
Iron powder is made up of approximately 99.5% iron, which makes it one of the purest forms of iron.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, are the major regions in the market.
JFE Steel Corporation, Reade International Corp., Hoganas AB, BASF SE, Kobe Steel Ltd., Rio Tinto Metal Powders, Pometon S.p.A, Sagwell USA Inc., and Industrial Metal Powders (India) Pvt. Ltd., among others, are the key players in the iron powder market, according to the report.
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