Iron Powder Market is expected to reach US$ 2,880.31 million by 2030

Rising Adoption of Iron Powder from End-Use Industries Bolsters Iron Powder Market Growth

According to our latest study on “Iron Powder Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Type, Manufacturing Process, Grade, and End-Use Industry,” the iron powder market size was valued at US$ 1,806.32 million in 2022 and is expected to reach US$ 2,880.31 million by 2030; it is estimated to register a CAGR of 6.0% from 2022 to 2030. The report highlights key factors driving the iron powder market growth and prominent players along with their developments in the market.

Iron powder is a versatile material that finds extensive use in various industries, including metallurgy, construction, automotive, and electronics. The iron powder is produced through various processes such as atomization or reduction. It serves as a crucial raw material in several sectors. The increasing demand for iron powder in these sectors is mainly driven by its unique properties, such as high purity, excellent compressibility, and good flowability. Additionally, iron powder finds application in the production of sintered components such as filters, magnetic materials, and soft magnetic composites, contributing to the growth of the electronics and electrical industries. Iron powder is increasingly utilized in green technologies, such as additive manufacturing (3D printing) and renewable energy applications. The market is evolving with an emphasis on producing high-purity and specialized iron powders tailored to specific end-use industries.

Iron Powder Market Breakdown – by Region

The growing demand for additive manufacturing, also known as 3D printing, presents significant growth opportunities for the iron powder market. This transformative technology is revolutionizing industries across the globe, and iron powder is emerging as a key material to meet the unique requirements of 3D printing applications. Additive manufacturing is experiencing widespread adoption across various sectors, including aerospace, automotive, and healthcare. This adoption is driven by the ability of 3D printing to produce complex and customized parts with precision and efficiency. As industries increasingly recognize the advantages of 3D printing, there is a growing need for materials compatible with this technology. With its desirable properties, iron powder is well-suited for additive manufacturing, positioning itself as a critical component in this expanding market. In addition, iron powder possesses properties such as excellent flowability, high density, and superior thermal conductivity, which makes it ideal for applications where strength, durability, and heat resistance are essential. As industries seek parts and components with these characteristics, iron powder becomes indispensable in fulfilling these requirements. This demand for materials that can meet the rigorous specifications of 3D printing offers several growth opportunities for the iron powder market.

Rio Tinto Metal Powders, American Elements Inc, Industrial Metal Powders (India) Pvt Ltd, CNPC Powder North America Inc, Ashland Inc, BASF SE, Hoganas AB, JFE Steel Corp, Reade International Corp, and Kobe Steel Ltd are among the players operating in the global iron powder market. The global iron powder market players focus on providing high-quality products to fulfill customer demand.

Impact of COVID-19 Pandemic on Iron Powder Market

The COVID-19 pandemic has adversely altered the status of the chemicals & materials sector and negatively affected the iron powder market growth. The implementation of measures to combat the spread of SARS-CoV-2 aggravated the situation and declined the growth of various industries. As a result, there was a sudden distortion in operational efficiencies and disruptions in the value chains; many industries faced several challenges owing to the shutdown of national and international boundaries. The COVID-19 pandemic has restrained the import and export of iron powder in different countries, hampering the iron powder market growth. The shortage of iron powder due to the COVID-19 pandemic increased its prices rapidly across the world. However, several companies operating in the manufacturing industries revived their businesses owing to the ease of restrictions. Hence, the demand for iron powder is rising across the world, especially among the paints & coatings, additive manufacturing, medical, and metallurgy industries.

The report includes the segmentation of the iron powder market as follows:

The global iron powder market is segmented on the basis of type, manufacturing process, grade, end-use industry, and geography. Based on type, the iron powder market is segmented into reduced, atomized, and electrolytic. In terms of the manufacturing process, the iron powder market is segmented into physical [atomization and electro deposition], chemical [reduction and decomposition], and mechanical. On the basis of grade, the iron powder market is segmented into ≤ 99.0% and ≥ 99.1%. In terms of end-use industry, the iron powder market is bifurcated into paints & coatings, additive manufacturing, medical, soft magnetic products, metallurgy [compound brazing, compound sintering, compound welding, and others], and others. By geography, the iron powder market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America iron powder market is further segmented into the US, Canada, and Mexico. The market in Europe is sub-segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific iron powder market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America iron powder market is sub-segmented into Brazil, Argentina, and the Rest of South & Central America.

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