Iron Powder Market in North America 2016-2020

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