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. The iron powder market is predicted to grow at a CAGR of 5.2 % over the course of the forecast period, from US$ 6183.49 million in 2022 to US$ 10265.75 million in 2032. 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 application which is expected to gain significant traction in the healthcare and automotive sector.

Major application of iron powder is in automotive industry for manufacturing of automotive parts, friction materials for breaks pads, break lining to name a few. Iron powder is also an important part of food packaging industry for water purification, manufacturing of ferrous and Ferric salts, among others.

Iron Powder Market: Key participants

Examples of some of the market participants operating in the global Iron Powder market are:

• BASF SE
• Sandvik AB
• Rio Tinto plc
• ATI powder metals
• CNPC Powder metals
• Hoganas AB
• Yingtan Longding New Materials & Technology Co., Ltd.
• CNPC POWDER GROUP CO., LTD

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Key Segments- Iron Powder Market

End Use:
• Aerospace & defence
• Automotive
• Oil & Gas
• Medical
• Others

Type:
• Unalloyed
• Alloyed
• Insulated Iron powder

Manufacturing Process:
• Physical
• Atomization
• Electro deposition
• Chemical
• Reduction
• Decomposition
• Mechanical
• Pulverization

Iron Powder Market: Dynamics

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 used for the powder metallurgy application through which several automotive parts, gears, bearing and Sintered components, among others are manufactured.

In recent times, additive manufacturing and Metal Injection Molding (MIM) process are 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, growing demand for Iron powder for protective powder coating application which is also supported by stringent government norms that in turn is expected to propel the iron powder market over the forecast period.

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