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Iron Powder Market Global Rising Demand & Huge Scope Till 2030

11-08-2024 12:29 PM CET | Chemicals & Materials

Press release from: Premium Market Insights

The iron powder market size was valued at US$ 1,806.32 million in 2022 and is expected to reach US$ 2,880.31 million by 2030; it is estimated to register a CAGR of 6.0% from 2022 to 2030.Iron Powder Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Reduced, Atomized and Electrolytic), Manufacturing Process (Physical [Atomization and Electro Deposition], Chemical [Reduction and Decomposition], and Mechanical), Grade (≤ 99.0% and ≥ 99.1%), and End-Use Industry (Paints & Coatings, Additive Manufacturing, Medical, Soft Magnetic Products, Metallurgy [Compound Brazing, Compound Sintering, Compound Welding, and Others], and Others)

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Competitive Landscape: Iron Powder Market:
Iron powder is a fine, powdered form of iron that is widely used in various industrial applications. It is typically produced through the reduction of iron oxide, such as iron ore, using a controlled chemical process. This results in very small iron particles that can vary in size, shape, and purity, depending on the production method. Iron powder is particularly valuable in the production of sintered parts, as it can be compacted and heated to create dense, high-strength components for industries like automotive and machinery manufacturing. These parts can include gears, bushings, and filters. Iron powder is also used in the production of magnetic materials, especially in the manufacturing of permanent magnets. These magnets find applications in a wide range of industries, from electronics to transportation, due to their ability to retain strong magnetic properties over time. In terms of end-use industry, the iron powder market is bifurcated into paints & coatings, additive manufacturing, medical, soft magnetic products, metallurgy, and others. The additive manufacturing segment is expected to register highest CAGR in the iron powder market from 2022 to 2030. Iron powder is a crucial material in the realm of additive manufacturing, also known as 3D printing, due to its versatile applications and excellent properties. This finely powdered form of iron is employed in various additive manufacturing processes, such as powder bed fusion and binder jetting, to create intricate and durable metal components. Takasago International Corporation

SK Rio Tinto Metal Powders
American Elements Inc
Industrial Metal Powders (INDIA) Pvt Ltd
CNPC Powder North America Inc
Ashland Inc
BASF SE
Hoganas AB
JFE Steel Corp
Reade International Corp
Kobe Steel Ltd
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Chapter Details of Iron Powder Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Iron Powder Market Landscape
Part 04: Iron Powder Market Sizing
Part 05: Iron Powder Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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