Iron Powder Market Growth 2019-2024

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Abstract:

Iron powder is formed as a whole from several other iron particles. The particle sizes vary anywhere from 20-200m. The iron properties differ depending on the production method and history of a specific iron powder.Iron powder has two major types, such as atomized iron powder and reduced iron powder. Due to the good coactivity, high purity and high compressibility of atomized iron powder, it will have a huge market potential. Iron powder is widely used in automobile, machinery, chemical industry, magnetic materials and others. As the demand increases rapidly for downstream industries, the demand for iron powder will correspondingly increase. The increased consumption of iron powder is expected to continue during the remaining years of the next five years. Iron powder industry will usher in a stable growth space.

 

The major raw material for iron powder is iron ore. On the global market, supply of raw materials is full. The production is mainly concentrate in China and Australia. Fluctuations in the price of the upstream product will impact on the production cost of iron powder industry.We tend to believe this industry is a promising industry, and the consumption increasing degree will show a smooth growth curve. For product prices, the slow downward trend in recent years will maintain in the future as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.

According to this study, over the next five years the Iron Powder market will register a 3.3% CAGR in terms of revenue, the global market size will reach US$ 2125.5 million by 2024, from US$ 1803.9 million in 2019. 

In particular, this report presents the global market share (sales and revenue) of key companies in Iron powder business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of Iron powder market by product type, application, key manufacturers and key regions and countries.

This study considers the Iron Powder value and volume generated from the sales of the following segments:

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Iron powder Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

  • Atomized Iron Powder
  • Reduced Iron Powder
  • Other

Iron powder Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

  • Powder Metallurgy
  • Welding Electrodes
  • Chemical
  • Other

Iron powder report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

  • Americas
  • United States
  • Canada
  • Mexico
  • Brazil
  • APAC
  • China
  • Japan
  • Korea
  • Southeast Asia
  • India
  • Australia
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Spain
  • Middle East & Africa
  • Egypt
  • South Africa
  • Israel
  • Turkey
  • GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.

  • Hoganas
  • GKN (Hoeganaes)
  • Rio Tinto Metal Powders
  • Laiwu Iron&Steel Group
  • Kobelco
  • Jiande Yitong
  • JFE Steel Corporation
  • Pometon Powder
  • BaZhou HongSheng
  • Wuhan Iron&Steel Group
  • Ma Steel
  • CNPC Powder Material
  • Xinxing
  • Jinsui
  • Industrial Metal Powders
  • Sundram Fasteners
  • Kushal Ferro Alloys

In addition, this Iron powder report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

  • To study and analyze the global Iron Powder consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
  • To understand the structure of Iron Powder market by identifying its various subsegments.
  • Focuses on the key global Iron Powder manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the Iron Powder with respect to individual growth trends, future prospects, and their contribution to the total market.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • To project the consumption of Iron Powder submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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Key questions addressed by the report

  • Where will all these developments take Iron Powder in the mid- to long-term?
  • What are the upcoming technological trends in the Iron Powder market?
  • What are the opportunities for various players that exist at present and those that are planning to enter at different stages of the value chain?
  • How growth strategies implemented by key players will impact the growth rate of the Iron Powder market, and who will have the undue advantage?
  • What are the current adoption trends of the Iron Powder market?

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