Iron Powder Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application, Product Type
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Introduction
Iron powder is a versatile material used in powder metallurgy, welding, heating pads, and other applications, valued for its high strength and cost-effectiveness. The industry is characterized by its role in enabling precision manufacturing and sustainable energy solutions. Key trends include the development of near-zero emission powders and applications in iron fuel technology. The market is driven by demand in automotive, industrial, and renewable energy sectors, with challenges including high energy costs in production and competition from alternative materials. The global market was valued at USD 4.3–7.5 billion in 2024, with an estimated CAGR of 5.0%–7.0% from 2025 to 2030, driven by powder metallurgy and welding applications.
Market Size and Growth Forecast
The global Iron Powder market was valued at USD 4.3–7.5 billion in 2024, with an estimated CAGR of 5.0%–7.0% from 2025 to 2030, driven by powder metallurgy and welding applications.
Regional Analysis
Asia Pacific is projected to grow at a CAGR of 5.5%–7.5%, led by China and Japan, where automotive and industrial manufacturing drive demand, with trends toward sustainable powders.
North America anticipates a CAGR of 4.8%–6.8%, with the U.S. leading due to welding and automotive applications, focusing on high-purity powders.
Europe expects a CAGR of 4.5%–6.5%, with Germany driving growth through sustainable manufacturing initiatives.
Rest of the World is projected to grow at a CAGR of 4.0%–6.0%, supported by industrial growth in Latin America.
Application Analysis
Powder metallurgy applications are estimated to grow at a CAGR of 5.2%–7.2%, driven by automotive component manufacturing, with trends toward high-strength powders.
Welding materials are projected to expand at a CAGR of 5.0%–7.0%, fueled by industrial demand, emphasizing durable powders.
Heating pad applications anticipate a CAGR of 4.8%–6.8%, with trends toward eco-friendly designs.
Container packing applications are expected to grow at a CAGR of 4.5%–6.5%, driven by industrial use, with innovations in cost-effective powders.
Shot blast applications anticipate a CAGR of 4.5%–6.5%, with trends toward high-performance materials.
Other applications, like iron fuel, are projected to grow at a CAGR of 5.0%–7.0%, emphasizing sustainable energy solutions.
Type Analysis
Reduced iron powder is estimated to grow at a CAGR of 5.0%–7.0%, valued for cost-effectiveness in powder metallurgy, with trends toward low-emission production.
Atomized iron powder is projected to grow at a CAGR of 5.2%–7.2%, favored for high-purity applications in welding, with innovations in precision manufacturing.
Key Market Players
Kobe Steel, headquartered in Kobe, Japan, produces iron powder for powder metallurgy, focusing on high-strength materials.
JFE Steel Corporation, based in Tokyo, Japan, supplies iron powder for automotive applications, emphasizing scalability.
DOWA, located in Tokyo, Japan, develops iron powder for welding, focusing on high-purity designs.
Höganäs, headquartered in Höganäs, Sweden, is a global leader in iron powder, emphasizing sustainable, near-zero emission powders.
GKN, based in Redditch, UK, produces iron powder for automotive components, focusing on precision manufacturing.
Hangzhou Yitong, located in Hangzhou, China, supplies iron powder for industrial applications, emphasizing cost-effectiveness.
Shandong Luyin, based in Shandong, China, manufactures iron powder for welding, focusing on scalability.
Ansteel, headquartered in Anshan, China, produces iron powder for metallurgy, emphasizing large-scale production.
Porter’s Five Forces Analysis
● Threat of New Entrants: Low; high energy and capital costs limit entry.
● Bargaining Power of Suppliers: Moderate; raw material availability impacts costs.
● Bargaining Power of Buyers: Moderate; large manufacturers negotiate, but specialized powders limit leverage.
● Threat of Substitutes: Moderate; alternative materials compete, but iron powder’s cost-effectiveness maintains dominance.
● Competitive Rivalry: Moderate; players differentiate through sustainability and performance.
Market Opportunities and Challenges
Opportunities
● Growth in powder metallurgy for automotive components drives demand.
● Emerging iron fuel technology creates new energy applications.
● Sustainable manufacturing trends offer opportunities for low-emission powders.
Challenges
● High energy costs in production impact profitability.
● Competition from alternative materials challenges market share.
● Raw material supply constraints hinder scalability.
Growth Trend Analysis
The Iron Powder market is growing steadily. On March 3, 2025, K-Tig acquired Metal Powder Works, enhancing its metal powder portfolio. On March 10, 2025, Höganäs partnered with Porite Taiwan to supply near-zero emission sponge iron powder. On June 17, 2025, TU/e spinoff RIFT signed a contract with Kingspan Unidek for an Iron Fuel Boiler and long-term iron fuel supply, marking industrial-scale adoption. These align with a projected CAGR of 5.0%–7.0% through 2030.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Iron Powder Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Iron Powder by Region
8.2 Import of Iron Powder by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Iron Powder Market in North America (2020-2030)
9.1 Iron Powder Market Size
9.2 Iron Powder Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Iron Powder Market in South America (2020-2030)
10.1 Iron Powder Market Size
10.2 Iron Powder Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Iron Powder Market in Asia & Pacific (2020-2030)
11.1 Iron Powder Market Size
11.2 Iron Powder Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Asean
11.5.6 Australia
Chapter 12 Historical and Forecast Iron Powder Market in Europe (2020-2030)
12.1 Iron Powder Market Size
12.2 Iron Powder Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Iron Powder Market in MEA (2020-2030)
13.1 Iron Powder Market Size
13.2 Iron Powder Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Iron Powder Market (2020-2030)
14.1 Iron Powder Market Size
14.2 Iron Powder Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Iron Powder Market Forecast (2021-2026)
15.1 Iron Powder Market Size Forecast
15.2 Iron Powder Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 Kobe Steel
15.1.1 Company Profile
15.1.2 Main Business and Iron Powder Information
15.1.3 SWOT Analysis of Kobe Steel
15.1.4 Kobe Steel Iron Powder Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 JFE Steel Corporation
15.2.1 Company Profile
15.2.2 Main Business and Iron Powder Information
15.2.3 SWOT Analysis of JFE Steel Corporation
15.2.4 JFE Steel Corporation Iron Powder Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 DOWA
15.3.1 Company Profile
15.3.2 Main Business and Iron Powder Information
15.3.3 SWOT Analysis of DOWA
15.3.4 DOWA Iron Powder Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 Höganäs
15.4.1 Company Profile
15.4.2 Main Business and Iron Powder Information
15.4.3 SWOT Analysis of Höganäs
15.4.4 Höganäs Iron Powder Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 GKN
15.5.1 Company Profile
15.5.2 Main Business and Iron Powder Information
15.5.3 SWOT Analysis of GKN
15.5.4 GKN Iron Powder Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 Hangzhou Yitong
15.6.1 Company Profile
15.6.2 Main Business and Iron Powder Information
15.6.3 SWOT Analysis of Hangzhou Yitong
15.6.4 Hangzhou Yitong Iron Powder Sales, Revenue, Price and Gross Margin (2020-2025)
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Table Research Scope Of Iron Powder Report
Table Data Sources Of Iron Powder Report
Table Major Assumptions Of Iron Powder Report
Table Iron Powder Classification
Table Iron Powder Applications List
Table Drivers Of Iron Powder Market
Table Restraints Of Iron Powder Market
Table Opportunities Of Iron Powder Market
Table Threats Of Iron Powder Market
Table Raw Materials Suppliers List
Table Different Production Methods Of Iron Powder
Table Cost Structure Analysis Of Iron Powder
Table Key End Users List
Table Latest News Of Iron Powder Market
Table Merger And Acquisition List
Table Planned/Future Project Of Iron Powder Market
Table Policy Of Iron Powder Market
Table 2020-2030 Regional Export Of Iron Powder
Table 2020-2030 Regional Import Of Iron Powder
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Iron Powder Market Size And Market Volume List
Table 2020-2030 North America Iron Powder Demand List By Application
Table 2020-2025 North America Iron Powder Key Players Sales List
Table 2020-2025 North America Iron Powder Key Players Market Share List
Table 2020-2030 North America Iron Powder Demand List By Type
Table 2020-2025 North America Iron Powder Price List By Type
Table 2020-2030 United States Iron Powder Market Size And Market Volume List
Table 2020-2030 United States Iron Powder Import & Export List
Table 2020-2030 Canada Iron Powder Market Size And Market Volume List
Table 2020-2030 Canada Iron Powder Import & Export List
Table 2020-2030 Mexico Iron Powder Market Size And Market Volume List
Table 2020-2030 Mexico Iron Powder Import & Export List
Table 2020-2030 South America Iron Powder Market Size And Market Volume List
Table 2020-2030 South America Iron Powder Demand List By Application
Table 2020-2025 South America Iron Powder Key Players Sales List
Table 2020-2025 South America Iron Powder Key Players Market Share List
Table 2020-2030 South America Iron Powder Demand List By Type
Table 2020-2025 South America Iron Powder Price List By Type
Table 2020-2030 Brazil Iron Powder Market Size And Market Volume List
Table 2020-2030 Brazil Iron Powder Import & Export List
Table 2020-2030 Argentina Iron Powder Market Size And Market Volume List
Table 2020-2030 Argentina Iron Powder Import & Export List
Table 2020-2030 Chile Iron Powder Market Size And Market Volume List
Table 2020-2030 Chile Iron Powder Import & Export List
Table 2020-2030 Peru Iron Powder Market Size And Market Volume List
Table 2020-2030 Peru Iron Powder Import & Export List
Table 2020-2030 Asia & Pacific Iron Powder Market Size And Market Volume List
Table 2020-2030 Asia & Pacific Iron Powder Demand List By Application
Table 2020-2025 Asia & Pacific Iron Powder Key Players Sales List
Table 2020-2025 Asia & Pacific Iron Powder Key Players Market Share List
Table 2020-2030 Asia & Pacific Iron Powder Demand List By Type
Table 2020-2025 Asia & Pacific Iron Powder Price List By Type
Table 2020-2030 China Iron Powder Market Size And Market Volume List
Table 2020-2030 China Iron Powder Import & Export List
Table 2020-2030 India Iron Powder Market Size And Market Volume List
Table 2020-2030 India Iron Powder Import & Export List
Table 2020-2030 Japan Iron Powder Market Size And Market Volume List
Table 2020-2030 Japan Iron Powder Import & Export List
Table 2020-2030 South Korea Iron Powder Market Size And Market Volume List
Table 2020-2030 South Korea Iron Powder Import & Export List
Table 2020-2030 Southeast Asia Iron Powder Market Size List
Table 2020-2030 Southeast Asia Iron Powder Market Volume List
Table 2020-2030 Southeast Asia Iron Powder Import List
Table 2020-2030 Southeast Asia Iron Powder Export List
Table 2020-2030 Australia Iron Powder Market Size And Market Volume List
Table 2020-2030 Australia Iron Powder Import & Export List
Table 2020-2030 Europe Iron Powder Market Size And Market Volume List
Table 2020-2030 Europe Iron Powder Demand List By Application
Table 2020-2025 Europe Iron Powder Key Players Sales List
Table 2020-2025 Europe Iron Powder Key Players Market Share List
Table 2020-2030 Europe Iron Powder Demand List By Type
Table 2020-2025 Europe Iron Powder Price List By Type
Table 2020-2030 Germany Iron Powder Market Size And Market Volume List
Table 2020-2030 Germany Iron Powder Import & Export List
Table 2020-2030 France Iron Powder Market Size And Market Volume List
Table 2020-2030 France Iron Powder Import & Export List
Table 2020-2030 United Kingdom Iron Powder Market Size And Market Volume List
Table 2020-2030 United Kingdom Iron Powder Import & Export List
Table 2020-2030 Italy Iron Powder Market Size And Market Volume List
Table 2020-2030 Italy Iron Powder Import & Export List
Table 2020-2030 Spain Iron Powder Market Size And Market Volume List
Table 2020-2030 Spain Iron Powder Import & Export List
Table 2020-2030 Belgium Iron Powder Market Size And Market Volume List
Table 2020-2030 Belgium Iron Powder Import & Export List
Table 2020-2030 Netherlands Iron Powder Market Size And Market Volume List
Table 2020-2030 Netherlands Iron Powder Import & Export List
Table 2020-2030 Austria Iron Powder Market Size And Market Volume List
Table 2020-2030 Austria Iron Powder Import & Export List
Table 2020-2030 Poland Iron Powder Market Size And Market Volume List
Table 2020-2030 Poland Iron Powder Import & Export List
Table 2020-2030 Russia Iron Powder Market Size And Market Volume List
Table 2020-2030 Russia Iron Powder Import & Export List
Table 2020-2030 Mea Iron Powder Market Size And Market Volume List
Table 2020-2030 Mea Iron Powder Demand List By Application
Table 2020-2025 Mea Iron Powder Key Players Sales List
Table 2020-2025 Mea Iron Powder Key Players Market Share List
Table 2020-2030 Mea Iron Powder Demand List By Type
Table 2020-2025 Mea Iron Powder Price List By Type
Table 2020-2030 Egypt Iron Powder Market Size And Market Volume List
Table 2020-2030 Egypt Iron Powder Import & Export List
Table 2020-2030 Israel Iron Powder Market Size And Market Volume List
Table 2020-2030 Israel Iron Powder Import & Export List
Table 2020-2030 South Africa Iron Powder Market Size And Market Volume List
Table 2020-2030 South Africa Iron Powder Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Iron Powder Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Iron Powder Import & Export List
Table 2020-2030 Turkey Iron Powder Market Size And Market Volume List
Table 2020-2030 Turkey Iron Powder Import & Export List
Table 2020-2025 Global Iron Powder Market Size List By Region
Table 2020-2025 Global Iron Powder Market Size Share List By Region
Table 2020-2025 Global Iron Powder Market Volume List By Region
Table 2020-2025 Global Iron Powder Market Volume Share List By Region
Table 2020-2025 Global Iron Powder Demand List By Application
Table 2020-2025 Global Iron Powder Demand Market Share List By Application
Table 2020-2025 Global Iron Powder Capacity List
Table 2020-2025 Global Iron Powder Key Vendors Capacity Share List
Table 2020-2025 Global Iron Powder Key Vendors Production List
Table 2020-2025 Global Iron Powder Key Vendors Production Share List
Table 2020-2025 Global Iron Powder Key Vendors Production Value List
Table 2020-2025 Global Iron Powder Key Vendors Production Value Share List
Table 2020-2025 Global Iron Powder Demand List By Type
Table 2020-2025 Global Iron Powder Demand Market Share List By Type
Table 2020-2025 Regional Iron Powder Price List
Table 2025-2030 Global Iron Powder Market Size List By Region
Table 2025-2030 Global Iron Powder Market Size Share List By Region
Table 2025-2030 Global Iron Powder Market Volume List By Region
Table 2025-2030 Global Iron Powder Market Volume Share List By Region
Table 2025-2030 Global Iron Powder Demand List By Application
Table 2025-2030 Global Iron Powder Demand Market Share List By Application
Table 2025-2030 Global Iron Powder Capacity List
Table 2025-2030 Global Iron Powder Key Vendors Capacity Share List
Table 2025-2030 Global Iron Powder Key Vendors Production List
Table 2025-2030 Global Iron Powder Key Vendors Production Share List
Table 2025-2030 Global Iron Powder Key Vendors Production Value List
Table 2025-2030 Global Iron Powder Key Vendors Production Value Share List
Table 2025-2030 Global Iron Powder Demand List By Type
Table 2025-2030 Global Iron Powder Demand Market Share List By Type
Table 2025-2030 Iron Powder Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Iron Powder Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Iron Powder Market Size And Cagr
Figure 2020-2030 North America Iron Powder Market Volume And Cagr
Figure 2020-2030 South America Iron Powder Market Size And Cagr
Figure 2020-2030 South America Iron Powder Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Iron Powder Market Size And Cagr
Figure 2020-2030 Asia & Pacific Iron Powder Market Volume And Cagr
Figure 2020-2030 Europe Iron Powder Market Size And Cagr
Figure 2020-2030 Europe Iron Powder Market Volume And Cagr
Figure 2020-2030 Mea Iron Powder Market Size And Cagr
Figure 2020-2030 Mea Iron Powder Market Volume And Cagr
Figure 2020-2025 Global Iron Powder Capacity Production And Growth Rate
Figure 2020-2025 Global Iron Powder Production Value And Growth Rate
Figure 2025-2030 Global Iron Powder Capacity Production And Growth Rate
Figure 2025-2030 Global Iron Powder Production Value And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |