Lewes, DE -- (SBWire) -- 06/09/2016 --Report forecast the iron powder market in North America to grow at a CAGR of 5.2% during the period 2016-2020.
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.
The report covers the present scenario and the growth prospects of the iron powder market in North America for 2016-2020.
The market is divided into the following segments based on geography:
- US
- Canada
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.
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.
key players in the iron powder market in North America: Ashland, Belmont Metals, Carpenter Technology, Hoeganaes, and Rio Tinto Metal Powders.
Other Prominent Vendors in the market are: ACuPowder International, Ametek, Crucible Specialty Metals, Powder Alloy, and SuperAlloy International.
Market driver
- Demand from automotive industry
- For a full, detailed list, view our report
Market challenge
- High competition from China
- For a full, detailed list, view our report
Market trend
- Development and use of integrated powder solutions
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 60 pages and 46 Exhibit "Iron Powder Market in North America 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by application, Geographical segmentationm, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
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