철분 시장 예측(-2030년) : 유형별, 등급별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Iron Powder Market is accounted for $6.78 billion in 2023 and is expected to reach $11.02 billion by 2030 growing at a CAGR of 7.2% during the forecast period. The iron powder market refers to the global industry involved in the production, distribution, and utilization of iron powder, which is a finely divided form of elemental iron. This versatile material is derived through processes such as reduction of iron oxide, atomization of molten iron, or electrolysis. It serves as a myriad of essential purposes across diverse industries, making it a versatile material in the global market. In the field of magnetic materials, iron powder is employed in the creation of magnets and magnetic products.

According to the International Organization of Motor Vehicle Manufacturers (French: Organisation Internationale des Constructeurs d'Automobiles) (OICA), China is the largest producer of automobiles. The country alone produced 2,60,82,220 units of vehicles in 2021.

Market Dynamics:

Driver:

Rise in electric vehicles

As the automotive sector undergoes a paradigm shift towards sustainable and electric mobility, the demand for iron powder has surged. Iron powder plays a vital role in the production of components for electric motor systems, including electric motors and electromagnetic cores. Additionally, with EVs becoming increasingly popular globally due to environmental concerns and government initiatives promoting clean energy, the need for efficient and high-performance materials in the manufacturing of electric vehicle components, such as soft magnetic components made from iron powder, has intensified.

Restraint:

Volatility in raw material prices

Iron powder production relies heavily on raw materials such as iron ore, and fluctuations in the prices of these raw materials can directly impact production costs. The iron ore is subject to various factors, including supply-demand dynamics, geopolitical events, and macroeconomic conditions, all of which contribute to price volatility. Sudden spikes or drops in iron ore prices can disrupt the cost structure for iron powder manufacturers, leading to uncertain profit margins and increased financial risks. However, managing these price fluctuations becomes crucial for market participants to ensure stable and competitive pricing of iron powder.

Opportunity:

Growing construction activities and infrastructure development

Iron powder plays a pivotal role in the construction sector, particularly in the development of advanced materials with enhanced structural properties. As construction projects escalate globally, the demand for iron powder intensifies, especially in applications like concrete reinforcement and the production of high-strength structural components. Powder metallurgy, utilizing iron powder, contributes to the creation of durable and lightweight construction materials, meeting the evolving needs of modern infrastructure. Furthermore, the versatility of iron powder makes it an essential element in coatings, reinforcements, and other construction-related applications.

Threat:

Advancements in alternative technologies

As industries evolve, alternative methods and materials may emerge that challenge the traditional dominance of iron powder in certain applications. Technologies such as 3D printing and composite materials are continually advancing, offering alternatives to conventional manufacturing processes that heavily rely on iron powder. If these alternative technologies prove to be more efficient, cost-effective, or environmentally friendly, they may divert demand away from iron powder-based solutions. However, the market's ability to adapt to and integrate these emerging technologies will determine its resilience.

Covid-19 Impact:

The widespread economic slowdown led to reduced construction activities and manufacturing operations, directly influencing the demand for iron powder in sectors such as automotive and infrastructure. Supply chain disruptions, including logistical challenges and workforce shortages, hindered the production and distribution of iron powder. The uncertainty surrounding the pandemic also prompted delays in construction projects and infrastructure development, further impacting the market. While certain sectors like healthcare and electronics maintained demand, the overall market experienced a contraction.

The electrolytic iron powder segment is expected to be the largest during the forecast period

Due to a high degree of purity achieved through the electrolysis process, Electrolytic Iron Powder segment is dominating the largest share of the market throughout the extrapolated period. The aerospace and automotive sectors are increasingly adopting this type of iron powder due to its purity and controlled properties. Additionally, the ability of electrolytic iron powder to meet stringent quality requirements in specialized applications, coupled with its suitability for advanced technological processes, positions it as a preferred choice.

The powder metallurgy segment is expected to have the highest CAGR during the forecast period

Owing to the ability of iron powder to be shaped into intricate and complex forms during the sintering process makes it indispensable for producing high-performance components, Powder Metallurgy segment is growing at a rapid pace during the projection period. As industries strive for efficiency, cost-effectiveness, and sustainable manufacturing practices, Powder Metallurgy using iron powder emerges as an ideal solution. The automotive sector, in particular, relies on Powder Metallurgy for the production of components such as gears and bearings, contributing to the segment's substantial growth.

Region with largest share:

Asia Pacific region commanded the largest share of the market throughout the extrapolated period. Rapid urbanization, burgeoning infrastructure development, and a robust manufacturing sector have collectively fueled the demand for iron powder across diverse applications, such as metallurgy, electronics, and construction. China, as a major player in the region, stands at the forefront of this surge, with its insatiable appetite for iron powder to support its expanding steel and automotive industries. Additionally, emerging economies like India are contributing substantially to the growth, leveraging iron powder in infrastructure projects and technological advancements.

Region with highest CAGR:

Asia Pacific region is estimated to witness profitable growth throughout the forecast period. Stringent environmental standards and a growing commitment to sustainable practices have prompted governments to incentivize industries to adopt cleaner technologies, and iron powder is emerging as a key enabler in this transition. Furthermore, the region's proactive approach to research and development, coupled with strategic investments in the iron and steel sector, has positioned the Asia Pacific as a global leader in the iron powder market.

Key players in the market

Some of the key players in Iron Powder market include BASF SE, ATI Powder Metals, Crown Ferrous Alloys Pvt Ltd, Deva Metal Powders Pvt Ltd, GGP Metalpowder AG, GKN Sinter Metals, Hoganas AB, Industrial Metal Powders (India) Pvt. Ltd, Ironev Alloys Pvt Ltd, JFE Steel Corporation, Jiande Yitong Metal Powder Co., Ltd, Kobe Steel, Ltd, Laiwu Iron & Steel Group Powder Metallurgy Co., Ltd, Rio Tinto Metal Powders and SCM Metal Products, Inc.

Key Developments:

In January 2023, JFE Steel completed the acquisition of the ISO 45001 certification, an international standard for occupational health and safety management systems, for all of its Japan operations.

In January 2023, Hoganas developed nickel-free powders for component production. The new nickel-free powder can potentially reduce price and the harmful environmental impact.

In March 2022, The Multi-Scale Additive Manufacturing Lab (MSAM) at the University of Waterloo, Ontario, Canada, has been working closely with Rio Tinto Metal Powders, located in Sorel-Tracy, Quebec, to demonstrate that metal Binder Jetting (BJT) Additive Manufacturing can be deployed as a low-cost and reliable alternative to conventional metal part production.

Types Covered:

• Electrolytic Iron Powder
• Atomized Iron Powder
• Reduced Iron Powder
• Other Types

Grades Covered:

• ≥ 99.1%
• = 99.0%

Applications Covered:

• Powder Metallurgy
• Welding and Brazing
• Metal Injection Molding
• Other Applications

End Users Covered:

• Chemical
• Paints and Coatings
• Soft Magnetic Products
• Healthcare
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Iron Powder Market, By Type

• 5.1 Introduction
• 5.2 Electrolytic Iron Powder
• 5.3 Atomized Iron Powder
• 5.4 Reduced Iron Powder
• 5.5 Other Types

6 Global Iron Powder Market, By Grade

• 6.1 Introduction
• 6.2 ≥ 99.1%
• 6.3 = 99.0%

7 Global Iron Powder Market, By Application

• 7.1 Introduction
• 7.2 Powder Metallurgy
• 7.3 Welding and Brazing
• 7.4 Metal Injection Molding
• 7.5 Other Applications

8 Global Iron Powder Market, By End User

• 8.1 Introduction
• 8.2 Chemical
• 8.3 Paints and Coatings
• 8.4 Soft Magnetic Products
• 8.5 Healthcare
• 8.6 Other End Users

9 Global Iron Powder Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 BASF SE
• 11.2 ATI Powder Metals
• 11.3 Crown Ferrous Alloys Pvt Ltd
• 11.4 Deva Metal Powders Pvt Ltd
• 11.5 GGP Metalpowder AG
• 11.6 GKN Sinter Metals
• 11.7 Hoganas AB
• 11.8 Industrial Metal Powders (India) Pvt. Ltd
• 11.9 Ironev Alloys Pvt Ltd
• 11.10 JFE Steel Corporation
• 11.11 Jiande Yitong Metal Powder Co., Ltd
• 11.12 Kobe Steel, Ltd
• 11.13 Laiwu Iron & Steel Group Powder Metallurgy Co., Ltd
• 11.14 Rio Tinto Metal Powders
• 11.15 SCM Metal Products, Inc