According to the latest research report released by Technavio, the iron powder market in North America is expected to reach 563,000 metric tons in volume by 2020, boosted by automakers.

‘The iron powder market in North America is using machinability enhancing additives to improve products made from iron powder,’ said Chandrakumar Badala Jaganathan, industry analyst for metals and minerals research.’Vendors in the market are focusing on value addition to enhance metallurgical properties of iron powder to meet the stringent requirements from automakers.’

‘The market is therefore witnessing an increase in the use of advanced mixing and binding technologies and specially designed lubricants in manufacturing processes. This enables efficient experimental and simulation methods that optimize product and process design, durability, quality, and performance. This trend is expected to boost market growth during the forecast period,’ he added.

The carbonyl iron powder market in North America is expected to grow at a CAGR of 6.86% during the forecast period for use in metal injection molding to make complex features such as slots, threads, dovetails, undercuts, and complex curved surfaces. 

This story is reprinted from material from Technavio, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.