Iron Powder Market Scope
The increasing demand for iron powder in food industry to be used in iron nutritional supplements and in the treatment of nutritional deficiencies will help to boost the global Iron Powder market. Iron powder is powdered iron metal. Iron powder is used in the manufacturing of sintered components, brazing, iron fortification, soft magnetic components, friction products, printing, surface coating, welding, brazing, chemistry, and polymer filtrations. Pure iron metal is very reactive chemically and rapidly corrodes, especially in moist air or at elevated temperatures.
The market study is being classified by Type (Reduced Iron Powder, Atomized Iron Powder and Electrolytic Iron Powder), by Application (Powder Metallurgy, Electronics, Diamond Tools, Military and Food and Drug) and major geographies with country level break-up. According to AMA, the Global Iron Powder market is expected to see growth rate of 4.0%
The market studied is consolidated in nature. The key market players are adopting various strategies such as product launch and product innovation, to expand their existing product portfolio and maintain competitiveness in the rapidly growing AI marketspace. Research Analyst at AMA predicts that Chinese Vendors will contribute to the maximum growth of Global Iron Powder market throughout the predicted period.
Höganäs AB (Sweden), Rio Tinto Metal Powders (Canada), KOBE STEEL, LTD. (Japan), JFE Steel Corporation (Japan), INDUSTRIAL METAL POWDERS (INDIA) PVT.LTD. (India), Kobelco (Japan), Pometon Powder (Italy), BaZhou HongSheng (China), Wuhan Iron&Steel Group (China) and Anshan Iron & Steel Group (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Ma Steel (United Kingdom) and Industrial Metal Powders (India).
AdvanceMarketAnalytics has segmented the market of Global Iron Powder market by Type, Application and Region.
On the basis of geography, the market of Iron Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
- The increasing adoption of iron powder in the automotive industry for the manufacture of parts with complicated geometry
- Increasing Demand for Food Enrichment
- High demand for treatment of nutritional deficiencies
- The high healthcare expenditure by governments of countries and high disposable income in countries in the region
- Growing demand from automotive industries
- Impact of COVID-19 Outbreak
- The increasing incidence of chronic diseases due to high consumption of iron-rich products among the general population
Key Target AudienceIron Powder Manufacturer, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
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