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Iron Powder Market in North America 2016-2020

  • Published: May 2016
  • Pages: 60
  • SKU: IRTNTR9466
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This industry research study presents a detailed segmentation of the iron power market in North America by product (atomized powder and carbonyl iron powder) and by application (powder metallurgy parts and welding). Leading vendors in the market are Ashland, Belmont Metals, Carpenter Technology, Hoeganaes, and Rio Tinto Metal Powders.

Overview of the iron powder market in North America

Extensive research carried out by the analysts at Technavio has shown that the iron powder market in North America is envisaged to grow steadily at a moderate CAGR of more than 5% over the forecast period. Iron powder is used in the steel industry for a number applications including stainless steel cutting, brazing, and surface coating for steel rollers. Therefore, an augmented demand for steel from the energy, appliance, rail, machinery and equipment, infrastructure, manufacturing, and automotive industries will bolster the growth prospects for the iron powder market in North America over the forecast period. Moreover, steel is used as a building material in energy and water infrastructure and for commercial and residential construction. Also, the North American steel industry makes significant investments in the development of advanced materials and manufacturing technologies, leading to the introduction of new automotive steel, which will, in turn, propel the growth prospects for the iron powder market over the predicted period.

In this industry research study, the analysts have estimated factors such as the development and use of integrated power solutions to drive the growth of this market over the coming years. The iron powder market in North America is using machinability enhancing additives to improve the products made from iron powder. Also, manufacturers are increasingly adopting advanced mixing and binding technologies and specially designed lubricants in manufacturing processes. These advanced and new-age methods help optimize product and process design, durability, quality, and performance, which will contribute to the growth of this market in the coming years.

Product segmentation and analysis of the iron powder market in North America

  • Atomized powder
  • Carbonyl iron powder

The atomized powder segment dominated the market and accounted for close to 95% of the market share. It is used in numerous applications such as diamond tools, aluminum flat products, PM, stainless steel cutting, and welding. An increase in the use of metal injection molding process, which uses carbonyl iron powder, is likely to drive this segment’s growth until the end of 2020.

Segmentation by application and analysis of the iron powder market in North America

  • Powder metallurgy parts
  • Welding

During 2015, the powder metallurgy (PM) parts segment led the market and accounted for more than 90%. This segment is anticipated to dominate the market over the predicted period. The augmented demand for PM is derived through the use of sintered parts in a number of industries such as the automotive industry.

Competitive landscape and key vendors

The iron powder market in North America is highly fragmented owing to the presence of several well-established region and international players. The global vendors are increasing their geographical reach to developing countries through mergers and acquisitions. The iron powder market is an innovation and technology driven industry, therefore, to survive and succeed in this intensely competitive environment, it is imperative for the vendors to distinguish their product offerings through clear and unique value propositions.

Key vendors in this market are -

  • Ashland
  • Belmont Metals
  • Carpenter Technology
  • Hoeganaes
  • Rio Tinto Metal Powders

Other prominent vendors in the market ACuPowder International, Ametek, Crucible Specialty Metals, Powder Alloy, and SuperAlloy International.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the iron powder market in North America?
  • What are the key market trends impacting the growth of the iron powder market in North America?
  • What are the challenges to market growth for the iron powder market in North America?
  • Who are the key vendors in the iron powder market in North America?
  • What are the market opportunities and threats faced by the vendors in the iron powder market in North America?
  • Trending factors influencing the market shares of North America?
  • What are the key outcomes of the five forces analysis of the iron powder market in North America?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Overview
  • Metal powders market in North America

PART 05: Market landscape

  • Iron powder market in North America
  • Five forces analysis

PART 06: Market segmentation by product

  • Atomized iron powder market in North America
  • Carbonyl iron powder market in North America

PART 07: Market segmentation by application

  • Iron powder market in North America for PM parts
  • Iron powder market in North America for welding

PART 08: Geographical segmentation

  • Iron powder market in US
  • Iron powder market in Canada

PART 09: Market drivers

  • Demand from automotive industry
  • Increase in demand for steel
  • Increase in demand for metal injection molded products

PART 10: Impact of drivers

PART 11: Market challenges

  • Shortage of skilled labor
  • High competition from China
  • Health, safety, and environment issues

PART 12: Impact of drivers and challenges

PART 13: Market trends

  • Technological advances in production process
  • Development and use of integrated powder solutions
  • PM for hydrogen storage

PART 14: Vendor landscape

  • Competitive scenario
  • Other prominent vendors

PART 15: Key vendor analysis

  • Ashland
  • Belmont Metals
  • Carpenter Technology
  • Hoeganaes
  • Rio Tinto Metal Powders

PART 16: Appendix

  • List of abbreviations

PART 17: Explore Technavio

 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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