Analysis of Iron Powder market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Iron powder is a particle form of iron with a particle size, varying from 20-200 μm. In industry, Iron powder are produced through solid reduced, atomized and electrolytic process. However, the selection of the manufacturing process is depend upon particle size and uniformity in the production process. Moreover, Iron powder is also referred as zero valent iron (ZVI) powders. Iron powder finds usage in several industrial applications such as automotive, food, packaging, and coating, among others. For instance, in food industry, the Iron powder is used to maintain the nutritional value of the food i.e. for food fortification which help to evade iron deficiency.
Also, Iron powder as an additive mainly used in paint & coating industry to impart properties such as luster and shine, among others. Moreover, demand for iron powder is prevalent in 3D- Printing technology applications which is expected to gain significant traction in the healthcare and automotive sector. The major application of iron powder is in the automotive industry for manufacturing of automotive parts, friction materials for breaks pads, brake lining to name a few. Iron powder is also an important part of the food packaging industry for water purification, manufacturing of ferrous and Ferric salts, among others.
Across the globe, there has been significant growth in the vehicle production which in turn is expected to drive the demand for the iron powder market over the forecast period. In the automotive industry, iron powder is consumed for the powder metallurgy application through which several automotive parts, gears, bearing, and Sintered components, among others.
In recent times, the additive manufacturing and Metal Injection Molding (MIM) process is gaining traction in several end-use industries owing to which the demand for iron powder is expected to increase across the globe. Along with this, the growing demand for Iron powder for protective powder coating application is also supported by stringent government norms that in turn is expected to propel the iron powder market over the forecast period.
Across the globe, around 33% of the population is suffering from Anemia, caused due to iron deficiency. As a preventive step, iron powder is used for food fortification and for the production of medicines. Thus, with the increasing patient pool of iron deficiency anemia (IDA), demand for iron powder is expected to increase. Recently, porous iron powder, a sponge-like structure, is being used for removing contaminants from water and water waste
In terms of the demand, the global iron powder market is dominated by East Asia, especially by China, and Japan. Moreover, this is mainly attributed to increasing automotive production and aircraft fleet in the region which in turn drive demand for the iron powder market.
The East Asia iron powder market is expected to register healthy CAGR over the forecast period. Moreover, in North America, and Europe, the MIM and powder metallurgy applications are gaining traction owing to which demand for iron powder is expected to increase over the forecast period. In terms of consumption, the North America and Europe iron powder market is expected to register steady growth over the forecast period.
Examples of some of the market participants operating in the global Iron Powder market are:
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The Iron Powder Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Iron Powder market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Iron Powder market segments and geographies.
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NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect the formal positions or views of the company.
On the basis of end use, the Global Iron Powder Market is segmented into
On the basis of type, the Global Iron Powder Market is segmented into
On the basis of manufacturing process, the Global Iron Powder Market is segmented into
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