In recent years, powder metallurgy is gaining popularity among manufacturing companies. Metal powders are used in various applications such as additive manufacturing, injection molding, etc. Metal powders are now being preferred because they offer cost-efficiency, energy savings, and a greater surface finish. So, there is an overall increasing trend in the current market as well as the future market of metal powder. In this blog, let’s have a look at the trends for atomized iron powder.
Atomized iron powder and the market trend
Atomized iron powder is a relatively pure form of iron in spherical shape made by atomizing iron powder. During its production molten iron is treated under a high water mist to get iron powder devoid of impurities. Currently, we have many manufacturers of atomized iron powder in the world, Industrial Metal Powder (I) Pvt Ltd is one of the largest producers and suppliers of atomized iron powder in the world. Along with IMP, other market players are also contributing to the production of atomized iron powder. Since 2012 it has increased from 698.77 KMT to 847.69KMT in 2017 with an average growth rate of 3.94%. The market value of global Atomizing Iron Powder reached USD 1006.3 million in 2019 and it’s estimated to go as high as USD 1072.2 million by the end of 2026 which shows a CAGR of 0.9%.
This growing trend of atomizing iron powder is due to its various industrial applications such as defense, aerospace, construction, automotive, healthcare, and others. In addition, the growing automotive industry, demand for luxury vehicles, electrification and modernization of vehicles; rising urbanization, and technological advancement have all triggered the market growth of atomized iron powder. High-purity atomized iron powder with excellent mechanical properties makes it ideal for producing strong machine parts with fine green strength.
IMP is one of the best players for atomized iron powder!
IMP with state-of-the-art infrastructure at Pune manufactures high-purity atomized iron powder that has customized properties with excellent mechanical and chemical properties. Our atomized iron powder is used in applications such as diamond cutting tools, soft magnetic components, sintered parts, welding applications, thermal surface coating, etc. Established in 1974, IMP began as a humble journey for excellence and now has assumed massive proportions with sales across 33 countries in the world.
What makes IMP, the best source of atomized iron powder?
At IMP, we have world-class facilities that help us to cater to diverse market needs and to grow in the competitive market for atomized iron powder. These include:
Quality: We produce premium quality, fine-tuned, atomized iron powder with excellent morphology. IMP has an in-house well-equipped testing lab that checks the quality of raw materials as well as the finished products.
Maintain stringent quality parameters: IMP follows all standards and procedures laid down to comply with all QUALITY requirements such as maintaining batch to batch consistency of our atomized iron powders. With proper systems and documentation, we make sure for quality control.
Certified products: The firm has earned many certificates such as ISO 9001, ISO 14001, and ISO 45001 for our excellent atomized metal powders including atomized iron powders.
Customized service: We offer customized services and products.
Conclusion
Here, we see that atomized iron powder is one of the most preferred industrial raw materials and hence its market demand is rising each year. Though it saw a little decline in demand due to the global pandemic COVID 19 in 2020, it has now regained its pace. IMP of Pune makes a consistent effort in fulfilling the demands of its customers. If you’re looking for high-quality atomized iron powder, IMP is the one-stop spot. So, contact us, we’re there for meeting all your customized needs.
