Iron Powder Market was valued at US$ 6.5 Billion in 2024 and is projected to grow at a CAGR of 13.6% to reach US$ 20.7 Billion by 2034.

Published Date: May 2024

Iron powder market is driven by rising demand in food industry for the purpose of iron nutritional supplements and in treatment of nutritional deficiencies. Further, rising adoption of iron powder in automotive industry for manufacture of parts with complicated geometry is another major factor drives the growth of the iron powder market.Iron powder market is projected to grow from US$ 6.5 billion in 2024 to US$ 20.7 billion by 2034.

The report Iron Powder Market, By Product Type, (Reduced, Atomized, and Electrolytic), By Purity (>99.5, and <99.5), By End Use Industries (Automotive, Food and Others), and Region - Forecast to 2034”

Key Highlights:

  • In September 2017, EOS GmbH has announced the launch of its Stainless Steel 17-4PH Industry Line metal powder for use in its metal Additive Manufacturing systems. The material consists of an iron-based metal alloy powder and a specially developed process parameter for manufacturing on the EOS M 290 metal system.

Key Market Insights from the report:          

Iron Powder Market was valued at US$ 6.5 Billion in 2024 and is projected to grow at a CAGR of 13.6% to reach US$ 20.7 Billion by 2034. The market report has been segmented on the basis of product type, purity, end users and region.

  • By product type, the iron powder market is segmented into reduced, atomized, and electrolytic iron powder.
  • By purity, the iron powder market is segmented into >99.5, and <99.5.
  • By end use industries, the iron powder market is segmented into automotive, food and others.
  • By region, the market in North America expected to account major revenue share in the global iron powder market. This growth can be attributed to the growing demand for iron powder from prominent market players in the automotive industry.

The prominent player operating in the iron powder market includes, 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 Corand, Anshan Iron & Steel Group Corp., and Masteel UK Limited.

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