Iron Powder Market Scope And Analysis

Report Code : TIPRE00018682
Category : Chemicals and Materials

Status : Published
No. of Pages : 167

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Iron Powder Market Scope, Growth, Size and Share by 2030

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Iron Powder Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 1.81 Billion
Market Size by 2030	US$ 2.88 Billion
Global CAGR (2022 - 2030)	6.0%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Type Reduced Atomized and Electrolytic By Manufacturing Process Physical Chemical Mechanical By Grade ? 99.0% and ? 99.1% By End-Use Industry Paints & Coatings Additive Manufacturing Medical Soft Magnetic Products Metallurgy
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	SK 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

COVID-19 Impact:

The COVID-19 pandemic adversely affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) hampered the growth of several industries, including the chemical & materials industry. The shutdown of manufacturing units of iron powder companies disturbed global supply chains, manufacturing activities, and delivery schedules. Various companies reported delays in product deliveries and a slump in their product sales in 2020. Most of the industrial manufacturing facilities were shut down during the pandemic, decreasing the consumption of iron powder. In addition, the COVID-19 pandemic has caused fluctuations in iron powder prices. However, various industries revived their operations after supply constraints were resolved, which led to a revival of the market. Moreover, the rising demand for iron powder from the paints & coatings, additive manufacturing, and medical sectors is substantially promoting the iron powder market growth.

Competitive Landscape and Key Companies:

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 market players focus on providing high-quality products to fulfill customer demand.