South & Central America Iron Powder Market Forecast to 2030 - Regional Analysis - by Type (Reduced, Atomized, and Electrolytic), Manufacturing Process [Physical (Atomization and Electro Deposition), Chemical (Reduction and Decomposition), and Mechanical], Grade (? 99.0% and ? 99.1%), and End-Use Industry [Paints and Coatings, Additive Manufacturing, Medical, Soft Magnetic Products, Metallurgy (Compound Brazing, Compound Sintering, Compound Welding, and Others), and Others]
The South & Central America iron powder market was valued at US$ 38.13 million in 2022 and is expected to reach US$ 55.53 million by 2030; it is estimated to register a CAGR of 4.8% from 2022 to 2030.
Flourishment of Automotive Industry Fuels South & Central America Iron Powder Market
The automotive industry heavily relies on iron powder as it is a fundamental raw material in the field of powder metallurgy. This manufacturing process involves shaping and sintering metal powders to create intricate parts. Automotive manufacturers increasingly turn to powder metallurgy for the production of components such as gears, bearings, and bushings, as it offers cost-effective, precise, and resource-efficient manufacturing solutions. In addition, in recent years, the automotive sector has heavily invested in reducing the weight of vehicles to enhance fuel efficiency and reduce emissions. Iron powder, when integrated into metal matrix composites and other advanced materials, can contribute to the development of lightweight components that maintain structural integrity. These components are integral to achieving the industry's lightweight objectives, resulting in more fuel-efficient vehicles and a reduced carbon footprint. As per the data of the Organisation Internationale des Constructeurs d'Automobiles (OICA), countries in North America, South America, and Central America recorded production of over 16.1 million commercial and passenger cars in 2021, and the production has grown by 10% and registered over 17.7 million commercial and passenger cars in 2022.
Companies operating in the automotive sector are investing heavily in automobile manufacturing to increase production and sales. Hyundai Motor Co announced in October 2022 that a new US$ 5.54 billion Georgia electric vehicle and battery plant could begin production in 2024 and eventually produce 500,000 vehicles annually. As the automotive industry experiences a transformative shift toward electric vehicles (EVs), iron powder's role becomes even more crucial. Electric motors used in EVs often rely on iron powder for the production of soft magnetic cores, which are essential for the motors' efficiency and performance. According to the International Energy Agency's annual Global Electric Vehicle Outlook, over 10 million electric cars were sold worldwide in 2022, and sales are projected to grow by another 35% in 2023 to reach 14 million. As the automotive parts sector continues to evolve and innovate, iron powder is poised to remain a fundamental material for the production of high-quality, efficient, and environmentally responsible automotive components.
South & Central America Iron Powder Market Overview
The South & Central America iron powder market is segmented into Brazil, Argentina, and the Rest of South & Central America. The South & Central America iron powder market in South & Central America is primarily driven by its high use by the end-use industries. The increasing demand for additive manufacturing in the automotive, medical, and aerospace & defense industries is predicted to propel the South & Central America iron powder market in the region. Large-scale original equipment manufacturers (OEMs), particularly in the aircraft sector, are investing in metal 3D printing in order to produce aeronautical parts, which is thereby anticipated to influence the South & Central America iron powder market growth positively. Further, the automotive sector is widely using powder metallurgy to produce a remarkably assorted range of structural parts for engines, clutches, transmissions, exhaust, starters, transfer cases, brakes, shock absorbers, steering columns and racks, comfort and safety systems [sunroofs, rear-view mirrors, and heating ventilation and air conditioning (HVAC)], and others. Thus, the growing demand for additive manufacturing and metallurgy is anticipated to boost market growth in the region. Moreover, South & Central America has a nascent share. However, the increasing presence of global and local market players coupled with increasing research and development activities by these market players are anticipated to drive the South & Central America iron powder market growth in the region.
South & Central America Iron Powder Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Iron Powder Market Segmentation
The South & Central America iron powder market is categorized into type, grade, manufacturing process, end-use industry, and country.
Based on type, the South & Central America iron powder market is segmented into reduced, atomized, and electrolytic. The atomized segment held the largest market share in 2022.
In terms of grade, the South & Central America iron powder market is bifurcated into ≤ 99.0% and ≥ 99.1%. The ≤ 99.0% segment held a larger market share in 2022.
By manufacturing process, the South & Central America iron powder market is categorized into physical, chemical, and mechanical. The physical segment held the largest market share in 2022. Furthermore, the physical segment is further subsegmented into atomization and electro deposition. Additionally, the chemical segment is further subsegmented into reduction and decomposition.
Based on end-use industry, the South & Central America iron powder market is segmented into paints and coatings, additive manufacturing, medical, soft magnetic products, metallurgy, and others. The metallurgy segment held the largest market share in 2022. Furthermore, the metallurgy segment is further subsegmented into compound brazing, compound sintering, compound welding, and others.
Based on country, the South & Central America iron powder market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America iron powder market share in 2022.
Rio Tinto Metal Powders, American Elements Inc, Industrial Metal Powders (India) Pvt Ltd, CNPC Powder North America Inc, Ashland Inc, BASF SE, Hoganas AB, JFE Steel Corp, and Kobe Steel Ltd are among the leading companies operating in the South & Central America iron powder market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Iron Powder Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Users
4.3.5 List of Vendors in the Value Chain:
5. South & Central America Iron Powder Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Flourishment of Automotive Industry
5.1.2 Rising Demand from the Electronics Industry
5.2 Market Restraints
5.2.1 Volatility in Raw Material Prices
5.3 Market Opportunities
5.3.1 Growing Demand for Additive Manufacturing
5.4 Future Trends
5.4.1 Sustainable and Eco-Friendly Manufacturing Practices
5.5 Impact Analysis
6. South & Central America Iron Powder Market - South & Central America Market Analysis
6.1 South & Central America Iron Powder Market Revenue (US$ Million)
6.2 South & Central America Iron Powder Market Volume (Kilo Tons)
6.3 South & Central America Iron Powder Market Forecast and Analysis
7. South & Central America Iron Powder Market Analysis - Type
7.1 Reduced
7.1.1 Overview
7.1.2 Reduced Market Revenue and Forecast to 2030 (US$ Million)
7.1.3 Reduced Market Volume and Forecast to 2030 (Kilo Tons)
7.2 Atomized
7.2.1 Overview
7.2.2 Atomized Market Revenue and Forecast to 2030 (US$ Million)
7.2.3 Atomized Market Volume and Forecast to 2030 (Kilo Tons)
7.3 Electrolytic
7.3.1 Overview
7.3.2 Electrolytic Market Revenue and Forecast to 2030 (US$ Million)
7.3.3 Electrolytic Market Volume and Forecast to 2030 (Kilo Tons)
8. South & Central America Iron Powder Market Analysis – Manufacturing Process
8.1 Physical
8.1.1 Overview
8.1.2 Physical Market Revenue and Forecast to 2030 (US$ Million)
8.1.3 Atomization
8.1.3.1.1 Atomization : South & Central America Iron Powder Market – Revenue and Forecast to 2028 (US$ Million)
8.1.4 Electro Deposition
8.1.4.1.1 Electro Deposition : South & Central America Iron Powder Market – Revenue and Forecast to 2028 (US$ Million)
8.2 Chemical
8.2.1 Overview
8.2.2 Chemical Market Revenue and Forecast to 2030 (US$ Million)
8.2.3 Reduction
8.2.3.1.1 Reduction : South & Central America Iron Powder Market – Revenue and Forecast to 2028 (US$ Million)
8.2.4 Decomposition
8.2.4.1.1 Decomposition: South & Central America Iron Powder Market – Revenue and Forecast to 2028 (US$ Million)
8.3 Mechanical
8.3.1 Overview
8.3.2 Mechanical Market Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Iron Powder Market Analysis – Grade
9.1 ≤ 99.0%
9.1.1 Overview
9.1.2 ≤ 99.0% Market Revenue and Forecast to 2030 (US$ Million)
9.2 ≥ 99.1%
9.2.1 Overview
9.2.2 ≥ 99.1% Market Revenue and Forecast to 2030 (US$ Million)
10. South & Central America Iron Powder Market Analysis – End-Use Industry
10.1 Paints and Coatings
10.1.1 Overview
10.1.2 Paints and Coatings Market Revenue and Forecast to 2030 (US$ Million)
10.2 Additive Manufacturing
10.2.1 Overview
10.2.2 Additive Manufacturing Market Revenue and Forecast to 2030 (US$ Million)
10.3 Medical
10.3.1 Overview
10.3.2 Medical Market Revenue and Forecast to 2030 (US$ Million)
10.4 Soft Magnetic Products
10.4.1 Overview
10.4.2 Soft Magnetic Products Market Revenue and Forecast to 2030 (US$ Million)
10.5 Metallurgy
10.5.1 Overview
10.5.2 Metallurgy Market Revenue and Forecast to 2030 (US$ Million)
10.5.3 Compound Brazing
10.5.3.1.1 Compound Brazing: South & Central America Iron Powder Market – Revenue and Forecast to 2028 (US$ Million)
10.5.4 Compound Sintering
10.5.4.1.1 Compound Sintering: South & Central America Iron Powder Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5 Compound Welding
10.5.5.1.1 Compound Welding: South & Central America Iron Powder Market – Revenue and Forecast to 2028 (US$ Million)
10.5.6 Others
10.5.6.1.1 Others: South & Central America Iron Powder Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others Market Revenue and Forecast to 2030 (US$ Million)
11. South & Central America Iron Powder Market - Country Analysis
11.1 South & Central America Iron Powder Market Revenue and Forecasts and Analysis - By Countries
11.1.1 South & Central America Iron Powder Market Breakdown by Country
11.1.2 Brazil: South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million)
11.1.3 Brazil: South & Central America Iron Powder Market Volume and Forecasts to 2030 (Kilo Tons)
11.1.3.1 Brazil: South & Central America Iron Powder Market Breakdown by Type
11.1.3.2 Brazil: South & Central America Iron Powder Market Breakdown by Manufacturing Process
11.1.3.3 Brazil: South & Central America Iron Powder Market Breakdown by Grade
11.1.3.4 Brazil: South & Central America Iron Powder Market Breakdown by End-Use Industry
11.1.4 Argentina: South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million)
11.1.5 Argentina: South & Central America Iron Powder Market Volume and Forecasts to 2030 (Kilo Tons)
11.1.5.1 Argentina: South & Central America Iron Powder Market Breakdown by Type
11.1.5.2 Argentina: South & Central America Iron Powder Market Breakdown by Manufacturing Process
11.1.5.3 Argentina: South & Central America Iron Powder Market Breakdown by Grade
11.1.5.4 Argentina: South & Central America Iron Powder Market Breakdown by End-Use Industry
11.1.6 Rest of SAM: South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million)
11.1.7 Rest of SAM: South & Central America Iron Powder Market Volume and Forecasts to 2030 (Kilo Tons)
11.1.7.1 Rest of SAM: South & Central America Iron Powder Market Breakdown by Type
11.1.7.2 Rest of SAM: South & Central America Iron Powder Market Breakdown by Manufacturing Process
11.1.7.3 Rest of SAM: South & Central America Iron Powder Market Breakdown by Grade
11.1.7.4 Rest of SAM: South & Central America Iron Powder Market Breakdown by End-Use Industry
12. Competitive Landscape
12.1 Heat Map Analysis By Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
13.4 Merger and Acquisition
14. Company Profiles
14.1 Rio Tinto Metal Powders
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 American Elements Inc
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Industrial Metal Powders (India) Pvt Ltd
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 CNPC Powder North America Inc
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Ashland Inc
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 BASF SE
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Hoganas AB
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 JFE Steel Corp
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Kobe Steel Ltd
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
15. Appendix
List of Tables
Table 1. South & Central America Iron Powder Market Segmentation
Table 2. List of Raw Material Suppliers in Value Chain
Table 3. South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million)
Table 4. South & Central America Iron Powder Market Volume and Forecasts to 2030 (Kilo Tons)
Table 5. South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 6. South & Central America Iron Powder Market Volume and Forecasts to 2030 (Kilo Tons) – Type
Table 7. South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million) – Manufacturing Process
Table 8. South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million) – Grade
Table 9. South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million) – End-Use Industry
Table 10. Brazil: South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 11. Brazil: South & Central America Iron Powder Market Volume and Forecasts to 2030 (Kilo Tons) – By Type
Table 12. Brazil: South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million) – By Manufacturing Process
Table 13. Brazil: South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million) – By Grade
Table 14. Brazil: South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million) – By End-Use Industry
Table 15. Argentina: South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 16. Argentina South & Central America Iron Powder Market Volume and Forecasts to 2030 (Kilo Tons) – By Type
Table 17. Argentina: South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million) – By Manufacturing Process
Table 18. Argentina: South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million) – By Grade
Table 19. Argentina: South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million) – By End-Use Industry
Table 20. Rest of SAM: South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 21. Rest of SAM: South & Central America Iron Powder Market Volume and Forecasts to 2030 (Kilo Tons) – By Type
Table 22. Rest of SAM: South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million) – By Manufacturing Process
Table 23. Rest of SAM: South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million) – By Grade
Table 24. Rest of SAM: South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million) – By End-Use Industry
Table 25. Company Positioning & Concentration
List of Figures
Figure 1. South & Central America Iron Powder Market Segmentation, By Country
Figure 2. South & Central America Iron Powder Market – Porter's Analysis
Figure 3. Ecosystem: South & Central America Iron Powder Market
Figure 4. Market Dynamics: South & Central America Iron Powder Market
Figure 5. South & Central America Iron Powder Market Impact Analysis of Drivers and Restraints
Figure 6. South & Central America Iron Powder Market Revenue (US$ Million), 2020 – 2030
Figure 7. South & Central America Iron Powder Market Volume (Kilo Tons), 2020 – 2030
Figure 8. South & Central America Iron Powder Market Share (%) – Type, 2022 and 2030
Figure 9. Reduced Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Reduced Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 11. Atomized Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Atomized Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 13. Electrolytic Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Electrolytic Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 15. South & Central America Iron Powder Market Share (%) –Manufacturing Process, 2022 and 2030
Figure 16. Physical Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Atomization Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Electro Deposition Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Chemical Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Reduction Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Decomposition Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Mechanical Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. South & Central America Iron Powder Market Share (%) –Grade, 2022 and 2030
Figure 24. ≤ 99.0% Market Revenue and Forecasts to 2030 (US$ Million)
Figure 25. ≥ 99.1% Market Revenue and Forecasts to 2030 (US$ Million)
Figure 26. South & Central America Iron Powder Market Share (%) –End-Use Industry, 2022 and 2030
Figure 27. Paints and Coatings Market Revenue and Forecasts to 2030 (US$ Million)
Figure 28. Additive Manufacturing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 29. Medical Market Revenue and Forecasts to 2030 (US$ Million)
Figure 30. Soft Magnetic Products Market Revenue and Forecasts to 2030 (US$ Million)
Figure 31. Metallurgy Market Revenue and Forecasts to 2030 (US$ Million)
Figure 32. Compound Brazing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 33. Compound Sintering Market Revenue and Forecasts to 2030 (US$ Million)
Figure 34. Compound Welding Market Revenue and Forecasts to 2030 (US$ Million)
Figure 35. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 36. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 37. South & Central America Iron Powder Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 38. South & Central America Iron Powder Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 39. Brazil: South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million)
Figure 40. Brazil: South & Central America Iron Powder Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 41. Argentina: South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million)
Figure 42. Argentina: South & Central America Iron Powder Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 43. Rest of SAM: South & Central America Iron Powder Market Revenue and Forecasts to 2030 (US$ Million)
Figure 44. Rest of SAM: South & Central America Iron Powder Market Volume and Forecasts to 2030 (Kilo Tons)
Figure 45. Heat Map Analysis By Key Players
1. American Elements Inc
2. Ashland Inc
3. BASF SE
4. CNPC Powder North America Inc
5. Hoganas AB
6. Industrial Metal Powders (India) Pvt Ltd
7. JFE Steel Corp
8. Kobe Steel Ltd
9. Rio Tinto Metal Powders
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