Carbon-Based Iron Powder Research: the global market size is projected to reach USD 0.45 billion by 2031

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Carbon-Based Iron Powder- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Carbon-Based Iron Powder market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Carbon-Based Iron Powder was estimated to be worth US$ 338 million in 2024 and is forecast to a readjusted size of US$ 453 million by 2031 with a CAGR of 4.7% during the forecast period 2025-2031.

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Carbon-Based Iron Powder Market Summary

Carbon-based iron powder is a high-purity iron powder material primarily composed of iron, produced through a carbon-involved reduction or thermal decomposition process. It exhibits micron-sized particles, a spherical structure, and excellent magnetic properties. Its "carbon-based" properties stem from the use of carbon monoxide or solid carbon as a reducing agent during its preparation, which imparts excellent microstructural control to the material. Depending on the process and purity, it can be divided into carbonyl iron powder (high purity, used in electronics and magnetic materials) and reduced iron powder (low cost, used in welding materials and metallurgical auxiliary materials). These powders are widely used in powder metallurgy, electronic components, military absorbers, and pharmaceutical additives, among other fields.

According to the new market research report "Global Carbon-Based Iron Powder Market Report 2025-2031", published by QYResearch, the global Carbon-Based Iron Powder market size is projected to reach USD 0.45 billion by 2031, at a CAGR of 4.7% during the forecast period.

The carbon-based iron powder market is experiencing steady expansion, particularly driven by high-purity, micron-grade products, and is experiencing overall medium-to-high growth. The global market is dominated by China, Europe, and North America. China has become the largest producer and consumer, accounting for over half of the market share and gradually replacing imports. The industry's competitive landscape is concentrated, with a few leading companies controlling key technologies and production capacity. Germany's BASF maintains a technological lead, while Chinese companies are rapidly gaining ground in terms of scale and cost control.

Technological evolution, centered on the carbonyl thermal decomposition process, is driving product development towards sphericalization, micronization, and high magnetic properties. These products are widely used in powder metallurgy, electronic components, military absorbers, and pharmaceutical additives. Downstream demand is shifting from traditional manufacturing to high-end electronics and new energy, while upstream raw material and process optimization are also reducing costs and improving performance.

At the policy level, carbon neutrality and energy conservation and emission reduction targets are driving the development and replacement of high-efficiency materials, becoming a key driver of market development. In the future, with the continued expansion of new energy vehicles, smart terminals, military electronics and other fields, carbon-based iron powder will further extend to high-frequency magnetic materials, 3D printing feed, stealth functional materials, etc., and the market space and technological barriers will increase simultaneously, showing a dual trend of "high-end + localization".

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Carbon-Based Iron Powder market is segmented as below:
By Company
BASF
Höganäs
American Carbonyl
American Elements
Sintez-CIP
Jiangxi Yuean Advanced Materials
Jinchuan Group
Jilin ZC New Material
Shaanxi Xinghua Chemical
Jiangyou Hebao Nanomaterial
Jiangsu Tianyi Ultrafine Metal Powder

Segment by Type
Iron Content >99%
Iron Content 98-99%
Iron Content

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