The iron powder market is likely to register a CAGR of 5.2% during the forecast period and is anticipated to reach an iron powder market share of US$ 10265.75 Million in 2032, from US$ 6183.49 Million in 2022.
The primary factors driving iron powder market growths are rising disposable income and increasing demand for automobiles. The increasing production of automobiles in countries such as China, Japan, and India is expected to boost demand for iron powder-based parts and components.
The growing adoption of iron powder and additive manufacturing in the automotive industry is expected to accelerate iron powder market growth.
Powdered iron is expected to have a positive impact on the iron powder market as an alternative fuel.
The rising incidence of chronic illness caused by excessive consumption of iron-rich supplements, on the other hand, is likely to act as an iron powder market key trend and opportunities restraint.
| Attributes | Details |
|---|---|
| Iron Powder Market (CAGR) | 5.2% |
| Iron Powder Market (2022) | US$ 6183.49 Million |
| Iron Powder Market (2027) | US$ 7967.32 Million |
The pandemic imposed a ban on man and material transportation, causing production facilities and supply chains to come to a halt in the iron powder market. As a result, automakers were unable to obtain raw materials for the production of their products.
The pandemic has disrupted vehicle production in Europe, as well as exports of automotive parts and components from China, and has resulted in the closure of assembly lines in the USA.
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Vehicle production has increased significantly around the world, which is expected to drive demand for iron powder over the forecast period. Iron powder is used in the automotive industry for powder metallurgy applications, which include automotive parts, gears, bearings, and sintered components, among others that influence the iron powder market's future trends.
In recent years, the additive manufacturing and Metal Injection Molding (MIM) processes have gained traction in a number of end-use industries, resulting in increased demand for iron powder around the world.
Stringent government norms are expected to propel the iron powder market along with iron powder market adoption trends over the forecast period, owing to the growing demand for iron powder for protective powder coating applications.
There is high demand for iron powder in the food industry for iron nutritional supplements and for treating iron nutritional deficiencies. Higher consumption of iron-rich supplements, on the other hand, has been linked to an increased risk of chronic diseases to escalate iron powder market adoption trends.
Excessive iron consumption can have negative consequences for the digestive system. Vomiting, diarrhea, nausea, and stomach pain are all symptoms of excessive iron intake. Iron builds up in the organs over time, causing fatal damage to the brain and liver. The reasons stated above are likely to act as an iron powder market restraining factor.
Principal Consultant
East Asia, particularly China, and Japan, dominate the iron powder market in terms of demand. Furthermore, this is primarily due to rising automotive production and aircraft fleets in the region, which drives demand for iron powder as well as iron powder market key trends and opportunities.
Over the forecast period, the East Asian iron powder market is expected to grow at a healthy rate. Furthermore, MIM and powder metallurgy applications are gaining traction in North America and Europe, resulting in increased demand for iron powder over the forecast period.
In terms of consumption, the iron powder market in North America and Europe is expected to grow steadily over the forecast period and boost the iron powder market's future trends.
Major players are acquiring stakes in small companies with a competitive advantage, such as advanced technology, efficient processes, and a presence in the regional market, in the iron powder market, which is characterized by increased merger and acquisition (M&A) activities for the iron powder market trends and forecast.
Another important aspect of increasing these activities across the iron powder market is to encourage innovation, lower costs, and increase operational synergies. Mature industrial companies are dominating merger and acquisition activity, focusing on gaining a competitive edge in additive manufacturing technology beyond their patent portfolios and Research and Development.
Recent Developments:
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.2% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
The iron powder market is anticipated to register a CAGR of 5.2% during the forecast period.
The iron powder market share is anticipated to reach US$ 9275.97 Million by 2030.
Demand for iron powder is likely to rise, as the growth is likely to be fuelled by a surge from the automotive industry.
1. Executive Summary | Iron Powder Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and Their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyers 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Use, 2022 to 2032 5.3.1. Aerospace & Defense 5.3.2. Automotive 5.3.3. Oil & Gas 5.3.4. Medical 5.3.5. Others 5.4. Y-o-Y Growth Trend Analysis By End Use, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By End Use, 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Type, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Type, 2022 to 2032 6.3.1. Unalloyed 6.3.2. Alloyed 6.3.3. Insulated Iron Powder 6.4. Y-o-Y Growth Trend Analysis By Type, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Type, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Manufacturing Process 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Manufacturing Process, 2017 to 2021 7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Manufacturing Process, 2022 to 2032 7.3.1. Physical 7.3.2. Atomization 7.3.3. Electro Deposition 7.3.4. Chemical 7.3.5. Reduction 7.3.6. Decomposition 7.3.7. Mechanical 7.3.8. Pulverization 7.4. Y-o-Y Growth Trend Analysis By Manufacturing Process, 2017 to 2021 7.5. Absolute $ Opportunity Analysis By Manufacturing Process, 2022 to 2032 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2017 to 2021 8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2022 to 2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. East Asia 8.3.5. South Asia & Pacific 8.3.6. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021 9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By End Use 9.2.3. By Type 9.2.4. By Manufacturing Process 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By End Use 9.3.3. By Type 9.3.4. By Manufacturing Process 9.4. Key Takeaways 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Mexico 10.2.1.2. Brazil 10.2.1.3. Rest of Latin America 10.2.2. By End Use 10.2.3. By Type 10.2.4. By Manufacturing Process 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By End Use 10.3.3. By Type 10.3.4. By Manufacturing Process 10.4. Key Takeaways 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. Italy 11.2.1.3. France 11.2.1.4. United Kingdom 11.2.1.5. Spain 11.2.1.6. BENELUX 11.2.1.7. Russia 11.2.1.8. Rest of Europe 11.2.2. By End Use 11.2.3. By Type 11.2.4. By Manufacturing Process 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By End Use 11.3.3. By Type 11.3.4. By Manufacturing Process 11.4. Key Takeaways 12. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.2. By End Use 12.2.3. By Type 12.2.4. By Manufacturing Process 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By End Use 12.3.3. By Type 12.3.4. By Manufacturing Process 12.4. Key Takeaways 13. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 13.2.1. By Country 13.2.1.1. India 13.2.1.2. ASEAN 13.2.1.3. Australia and New Zealand 13.2.1.4. Rest of South Asia & Pacific 13.2.2. By End Use 13.2.3. By Type 13.2.4. By Manufacturing Process 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By End Use 13.3.3. By Type 13.3.4. By Manufacturing Process 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021 14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. Turkey 14.2.1.3. South Africa 14.2.1.4. Rest of Middle East and Africa 14.2.2. By End Use 14.2.3. By Type 14.2.4. By Manufacturing Process 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By End Use 14.3.3. By Type 14.3.4. By Manufacturing Process 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2021 15.1.2.1. By End Use 15.1.2.2. By Type 15.1.2.3. By Manufacturing Process 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2021 15.2.2.1. By End Use 15.2.2.2. By Type 15.2.2.3. By Manufacturing Process 15.3. Mexico 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2021 15.3.2.1. By End Use 15.3.2.2. By Type 15.3.2.3. By Manufacturing Process 15.4. Brazil 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2021 15.4.2.1. By End Use 15.4.2.2. By Type 15.4.2.3. By Manufacturing Process 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2021 15.5.2.1. By End Use 15.5.2.2. By Type 15.5.2.3. By Manufacturing Process 15.6. Italy 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2021 15.6.2.1. By End Use 15.6.2.2. By Type 15.6.2.3. By Manufacturing Process 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2021 15.7.2.1. By End Use 15.7.2.2. By Type 15.7.2.3. By Manufacturing Process 15.8. United Kingdom 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2021 15.8.2.1. By End Use 15.8.2.2. By Type 15.8.2.3. By Manufacturing Process 15.9. Spain 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2021 15.9.2.1. By End Use 15.9.2.2. By Type 15.9.2.3. By Manufacturing Process 15.10. BENELUX 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2021 15.10.2.1. By End Use 15.10.2.2. By Type 15.10.2.3. By Manufacturing Process 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2021 15.11.2.1. By End Use 15.11.2.2. By Type 15.11.2.3. By Manufacturing Process 15.12. China 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2021 15.12.2.1. By End Use 15.12.2.2. By Type 15.12.2.3. By Manufacturing Process 15.13. Japan 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2021 15.13.2.1. By End Use 15.13.2.2. By Type 15.13.2.3. By Manufacturing Process 15.14. South Korea 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2021 15.14.2.1. By End Use 15.14.2.2. By Type 15.14.2.3. By Manufacturing Process 15.15. India 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2021 15.15.2.1. By End Use 15.15.2.2. By Type 15.15.2.3. By Manufacturing Process 15.16. ASIAN 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2021 15.16.2.1. By End Use 15.16.2.2. By Type 15.16.2.3. By Manufacturing Process 15.17. Australia and New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2021 15.17.2.1. By End Use 15.17.2.2. By Type 15.17.2.3. By Manufacturing Process 15.18. GCC Countries 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2021 15.18.2.1. By End Use 15.18.2.2. By Type 15.18.2.3. By Manufacturing Process 15.19. Turkey 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2021 15.19.2.1. By End Use 15.19.2.2. By Type 15.19.2.3. By Manufacturing Process 15.20. South Africa 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2021 15.20.2.1. By End Use 15.20.2.2. By Type 15.20.2.3. By Manufacturing Process 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By End Use 16.3.3. By Type 16.3.4. By Manufacturing Process 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. BASF SE 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Sandvik AB 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Rio Tinto plc 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. ATI Powder Metals 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. CNPC Powder Metals 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Hoganas AB 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. CNPC POWDER GROUP CO., LTD 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Iron Powder Market
