Food Grade Iron is estimated to reach US$ 6.9 Mn by the end of 2026

The sales of high purity iron powder faced a major slowdown in the lockdown leading to hefty losses for the manufacturers. Covid-19 has led to permanent closure to some corporations operating in this market. As the lockdown has been lifted up, the market is again gaining traction in 2021. The demand is increasing throughout the world at a faster pace due to consistent efforts undertaken by theleading and small-scale companies for delivering improved products and services to their users.

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Prominent manufacturers including Hoganas Corporation, Jiande Yitong Corporation, Pometon, Laiwu Iron and Steel Group, GKN Corporation, Rio Tinto Metal Powders, CNPC Powder Material, JFE Corporation, Kobelco Incorporation and Bazhhou HongSheng are incorporating multiple strategies like joint ventures, investments in acquiring latest equipments and IT infrastructure, geographical expansions, partnerships, undertaking research projects, capacity utilization, merging with other strong companies, collaborations with other brands, product innovations, technical expertise, product diversifications, e-selling etc to lead the market and increase their profitability and market share.

For instance, Sandvik Corporation announced that it has completed the investment of about $200 Million in establishing a manufacturing facility in Sweden for high purity iron powders on 25th August 2019. The facility will focus on metal powders from commonly used 3D printing materials.

Sandvik has an industry leading position already in the production and sales of other metal powders. Stainless steel, nickel based and cobalt-chromium alloys are manufactured in the United Kingdom and Sweden. This new investment is expanding Sandvik’s ability to produce high purity metal powders for processes such as direct metal lazer sintering, selective laser melting, electron beam melting etc.

The demand for metal powder for additive manufacturing is expected to rise significantly in the coming years. High purity iron is predicted to account for a significant portion of the metal powder market. The company has located the facility in Sandviken, Sweden near in-house raw material supply and the center for manufacturing.The investment is acting as an enabler for future growth and means for expanding metal powder offerings of Sandvik Corporation throughout the world.

In addition to Sandvik Corporation, CNPC Corporation announced the completion of its facility for AM metal powder production in 2019. The facility will provide a major increase in capacity for the production of metal powders for additive manufacturing. The facility houses six metal powder production lines to provide clients with services across the metal powder process chain from alloy development to powder production and testing.

The expansion has strengthened CNPC’s position as an international producer of AM materials, adding to the company’s extensive range of metal powders for a wide variety of applications. The team explores new materials looking at the production for AM and Metal Injection Moulding applications and investigates the optimization of material production and cost reduction which it hopes to lead to greater cost savings for clients. The facility is serving as a research hub for innovation in AM. The establishment of this facility is acting as a step in line for building and developing high quality products for their clients.

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High purity quartz sand has existed as a material of strategic significance. Unique piezoelectricity property of the high purity quartz sand can convert mechanical pressure into electrical energy or vice versa, thereby gaining increasing applications in semiconductor industry, optical fibers, and photovoltaic cells.

The high purity quartz sand offers excellent attributes essential for manufacturing various high-tech products which is directly influencing its rising demand. Owing to technological advancements, high purity quartz sand is widely used as raw material for production of semiconductor quartz ware, fused crucibles, and lighting products. These are the key factors favoring growth of the high purity quartz sand market.

With intensifying competition in semiconductor industry, chip manufacturers and designers are focusing on improving the product performance while reducing price that make the high-tech products more affordable for consumers. This in turn is likely to upsurge the demand, subsequently fuelling demand for high purity quartz sand.

The high purity quartz sand meets many needs of optical instruments such as prisms, lenses, and optic fibers. Significant estimated growth of global optic fiber market due to increasing applications in telecommunications and broadband industry will possibly open new lucrative opportunities for high purity quartz sand manufacturers.

Persistent Demand from End-Users and Manufacturers’ Focus on Quality Delivery

High purity iron (HPI) powder is highly sought after in an array of industries including metallurgy, food and beverage, food packaging, electronics and pharmaceuticals. Different grades of high purity iron (HPI) powder include 99.9, 99.99%, and 99.999%.

According to method of production iron powder is broadly classified into reduced iron powder, atomized iron powder and others. These different grades of iron powders find applications in metallurgy industry to manufacture high-density structural parts, magnetic alloys, food packaging, food ingredient, pharmaceutical industry, coated welding electrodes, and to remove sulfur impurity from gasified fuels.

Steady Demand for Soft Magnetic Materials to Bolster the Demand

In soft magnetic applications, high purity iron powder is specifically used in ignition system components, electric motor components, solenoids, and inductors. The automotive industry is undergoing rapid electrification. And demand for electrical operating systems and electric power devices has increased as they are indispensable components of EVs and hybrid electric vehicles (hEVs). Electromagnetic coils found in motors and transformers contain an iron core and a copper winding. Manufacturers are focusing on developing soft magnetic iron powder that can deliver higher AC magnetic qualities.

Preference for Fortified Foods Fueling HPI Powder Utilization

Iron deficiency is the most prevalent and widespread nutritional disorder and is the only nutrient deficiency that is significantly present in the industrialized countries. Food grade high purity iron powder approved by FCC has high bio-availability and is a primary ingredient in food fortification. As the global population is rising with the estimations to reach approximately 9.7 billion by 2050, food industry is evolving dramatically to accommodate the increasing demand.

A novel application for high purity iron powder is found in animal feed industry whose growth remains under the influence of increased productivity yield and affordable animal protein demand. Valued at US$ 4.3 Mn in 2018, the global food grade iron is estimated to reach US$ 6.9 Mn by the end of 2026. On account of rising iron deficiency and availability of iron rich food varieties, demand for food grade high purity iron powder is set to rise in the future.

Increased Iron Supplement Prescriptions to Boost Demand in Pharma Industry

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With the aim to address global health concern of iron deficiency, high purity iron powder are used in biotechnology as well as pharmaceutical industry for the preparation of iron salts as well as iron supplement drugs. Infant formulas and other nutritional supplement medicines are highly prescribed by medical professionals.

These clinically approved medical products contain iron as one of the important ingredients. High purity iron powder is utilized to manufacture iron salts such as ferrous sulfate, ferrous fumarate, ammonium ferrous citrate, iron pallets, iron gluconate, Ferric Chloride and more. In addition, rising government initiatives to address iron deficiency has increased iron supplement production by pharma companies where HPI powder is highly sought after.

Key Company Developments

As gestation period to establish a fully functional high purity iron powder plant is about 12 months, expansion activities are highly infrequent in the market. However, sustained demand from the end-user industry is gradually widening the supply-demand gap in the market. With the aim of filling this gap, manufacturers are engaged in enhancing product quality to deliver highly pure metal for different applications.

Höganäs, a world leader in the production of powdered metals will be introducing its new center of excellence at PCIM Europe 2018. The new facility will focus on producing small, compact, and light-weight inductors made from Höganäs’ High magnetic performance iron powder.

Japan’s third largest steel maker, Kobe Steel is facing investigation charges for proposed violations of misrepresenting inspection data and providing false information about the strength and durability of its products. In addition, 140 tons of Iron powder supplied by Kobe in 2016, did not meet customer satisfaction.

The incidence provides a prime example of stringent regulations affecting high purity metal manufacturing.
Further, companies are less likely to go for expansion, equating to moderate increase in demand over short term forecast period. Nevertheless, established players need to have defense strategy in place against new entrants in the market, albeit the trace element content in high purity iron powder is supplied by tier II supplier, predominantly companies based out of Far East Asia.

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Key Companies in the global high purity iron market include Höganäs, Rio Tinto Metal Powders, Laiwu Iron & Steel Group, Kobelco Construction Equipment India Pvt. Ltd., Jiande Yitong Metal Powder Co., Ltd., JFE Steel Corporation, Pometon Powder, BaZhou HongSheng, Wuhan Iron & Steel Group Corp., Anshan Iron & Steel Group Corp., and Masteel UK Limited among others.

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