North America Iron Powder Market 2016-2020 – Demand from Automotive Industry Drives the Market – Research and Markets
By Business Wire News
By Business Wire News
Research and Markets has announced the addition of the “Iron Powder Market in North America 2016-2020” report to their offering.
The iron powder market in North America to grow at a CAGR of 5.2% during the period 2016-2020.
Iron Powder Market in North America 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Iron powder has numerous applications based on its type and method of manufacture. The iron powder particles range in size from 20 micrometer to 200 micrometer. It is used in brazing, sintered parts, metallurgical applications, laboratory studies, chemical processes, and others.
A trend which is boosting market growth is the development and use of integrated powder solutions. The iron powder market in North America is using machinability enhancing additives to improve products made from iron powder. Manufacturers are also using advanced mixing and binding technology and specially designed lubricants in manufacturing processes. This enables efficient experimental and simulation methods, which help optimize product and process design, durability, quality, and performance.
According to the report, a key growth driver is the rising demand from the automotive industry. In terms of volume, the automotive industry in North America is growing at a rapid pace owing to increased consumer confidence and recovery of automobile industry leading to increased consumption of iron powders. Iron powder improves the quality of automotive parts and helps deliver optimum performance, enhancing the performance of these parts. Vendors in the market are focusing on value addition to enhance metallurgical properties of iron powder to meet the stringent requirements from automakers. Iron powder is used in steering parts, engine parts, transmission parts, seat and door parts, suspension parts, brake parts, and sensors. It is primarily used for soft magnetic applications.
Further, the report states that one challenge that could restrict market growth is competition from China.
– Belmont Metals
– Carpenter Technology
– Rio Tinto Metal Powders
Other prominent vendors
– ACuPowder International
– Crucible Specialty Metals
– Powder Alloy
– SuperAlloy International
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Market segmentation by application
Part 08: Geographical segmentation
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Health, safety, and environment issues
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key vendor analysis
Part 16: Appendix
For more information visit http://www.researchandmarkets.com/research/k6wmsn/iron_powder
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Sector: Iron and Steel