The Global Reduced Iron Powder Market was valued at USD 770.57 Million in 2023 and is projected to reach USD 963.82 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.80% during the forecast period (2024–2029). This steady growth is propelled by robust demand from powder metallurgy applications, the expanding automotive and manufacturing sectors, and advancements in metal additive manufacturing processes.

As industries increasingly adopt efficient and cost-effective metal fabrication techniques, the focus sharpens on the key manufacturers supplying high-purity reduced iron powder. These companies are crucial for producing components used in everything from automotive engines and machinery to welding electrodes and chemical processes. In this blog, we profile the Top 10 Companies in the Reduced Iron Powder Industry—industry veterans and innovators shaping the future of metal powders.

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🔟 1. Höganäs AB

Headquarters: Höganäs, Sweden
Key Offering: High-purity reduced iron powder, alloy powders, metal injection molding (MIM) feedstocks

Höganäs AB, part of the Lindéngroup, is the world’s leading manufacturer of metal powders. With a history dating back over 230 years, the company produces a wide range of reduced iron powders renowned for their consistency and quality, serving the automotive, aerospace, and consumer goods industries globally.

Innovation and Expansion Initiatives:

• Pioneering water atomization and sponge iron processes

• Strong R&D focus on sustainable metal powder production

• Global production network across Europe, Asia, and the Americas

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9️⃣ 2. Rio Tinto Metal Powders

Headquarters: Sorel-Tracy, Quebec, Canada
Key Offering: Atomized steel and iron powders, Atomet® grades

Rio Tinto Metal Powders (RTMP) is a major global producer of high-quality metal powders. The company utilizes advanced atomization technology to produce powders for demanding applications in powder metallurgy, diamond tools, and magnetic materials, with a strong commitment to environmental stewardship.

Innovation and Expansion Initiatives:

• Leader in gas and water atomization technologies

• Focus on developing powders for advanced manufacturing and soft magnetic composites

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8️⃣ 3. Laiwu Iron & Steel Group

Headquarters: Jinan, Shandong, China
Key Offering: Sponge iron powder, coarse and fine mesh powders

Laiwu Iron & Steel Group (now part of Shandong Iron and Steel Group) is a significant Chinese producer of reduced iron powder. The company leverages its integrated steel production capabilities to supply cost-effective powders to the domestic and international markets, particularly for welding and friction materials.

Innovation and Expansion Initiatives:

• Integrated production from iron ore to finished powder

• Expanding capacity to meet growing domestic demand in China

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7️⃣ 4. JFE Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: High-compressibility iron powders, magnetic powders

JFE Steel Corporation is one of Japan’s premier steel producers, with a dedicated division for high-performance metal powders. Its reduced iron powders are essential for manufacturing high-density, high-strength sintered components used primarily in the automotive industry.

Innovation and Expansion Initiatives:

• Development of specialty powders for electric vehicle components

• Strong focus on quality control and technological advancement in powder metallurgy

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6️⃣ 5. Wuhan Iron & Steel Group

Headquarters: Wuhan, Hubei, China
Key Offering: Reduced iron powder, welding powder, chemical grade powder

Wuhan Iron & Steel Group (WISCO), now part of China Baowu Steel Group, is a major state-owned enterprise with substantial production capacity for reduced iron powder. The company supplies a broad spectrum of industries, including metallurgy, welding, and chemical synthesis.

Innovation and Expansion Initiatives:

• Investment in large-scale, efficient reduction furnace technology

• Strategic positioning within China’s massive manufacturing ecosystem

Download FREE Sample Report:
Global Reduced Iron Powder Market – View in Detailed Research Report

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5️⃣ 6. Ma Steel

Headquarters: Ma’anshan, Anhui, China
Key Offering: Iron powder for PM, welding, and brake pads

Ma Steel (Maanshan Iron & Steel Company Limited) is another key Chinese player, producing reduced iron powder that serves both heavy industry and precision manufacturing. Its products are critical for creating sintered parts and as a raw material in various industrial processes.

Innovation and Expansion Initiatives:

• Continuous improvement of powder purity and particle size distribution

• Adapting production to meet stringent international quality standards

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4️⃣ 7. CNPC Powder Material Co., Ltd.

Headquarters: Dongying, Shandong, China
Key Offering: Ultra-fine iron powder, carbonyl iron powder, reduced iron powder

CNPC Powder Material is a specialized manufacturer under China National Petroleum Corporation, focusing on high-value-added metal powders. While known for carbonyl iron powder, it also produces high-quality reduced iron powders for niche applications in electronics and specialty chemicals.

Innovation and Expansion Initiatives:

• Expertise in producing ultra-fine and spherical powders

• R&D driven by demands from high-tech industries

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3️⃣ 8. Jinsui

Headquarters: Liaocheng, Shandong, China
Key Offering: Reduced iron powder for powder metallurgy and welding

Jinsui is a prominent Chinese manufacturer with a dedicated focus on iron powder production. The company has built a strong reputation for supplying consistent and reliable reduced iron powder to both domestic and international markets, catering to the welding and metallurgical sectors.

Innovation and Expansion Initiatives:

• Investments in expanding production lines to increase output

• Focus on cost-competitiveness for volume-driven applications

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2️⃣ 9. Industrial Metal Powders (I) Pvt. Ltd.

Headquarters: Pune, Maharashtra, India
Key Offering: Water atomized iron powder, sponge iron powder

Industrial Metal Powders is India’s largest producer of iron and steel powders. The company serves a wide array of sectors, from automotive and machinery to food fortification, playing a critical role in the growth of India’s manufacturing industry.

Innovation and Expansion Initiatives:

• Pioneering metal powder production in the Indian subcontinent

• Developing powders tailored for the specific needs of the Asian market

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1️⃣ 10. Sundram Fasteners Limited

Headquarters: Chennai, Tamil Nadu, India
Key Offering: Sintered components, captive iron powder production

Sundram Fasteners, a flagship company of the TVS Group, is a leading manufacturer of precision automotive components. While primarily a consumer of metal powders, its backward integration into powder production for its sintered products division makes it a significant and influential player in the market’s value chain.

Innovation and Expansion Initiatives:

• Vertical integration to ensure supply chain security and quality

• Application-driven powder development for high-performance automotive parts

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Global Reduced Iron Powder Market – View in Detailed Research Report

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🌍 Outlook: The Future of Reduced Iron Powder Is High-Performance and Sustainable

The reduced iron powder market is evolving beyond its traditional base. While powder metallurgy for automotive parts remains the dominant application, the industry is increasingly influenced by trends in sustainability, lightweighting, and advanced manufacturing technologies.

📈 Key Trends Shaping the Market:

• Growing demand for high-compressibility powders for complex, net-shape parts in electric vehicles

• Rising adoption of Metal Injection Molding (MIM) for small, intricate components in medical and consumer electronics

• Increasing use of iron powder in wastewater treatment and chemical reduction processes

• Focus on energy-efficient and environmentally friendly production methods for reduced iron powder

Get Full Report Here:
Global Reduced Iron Powder Market – View in Detailed Research Report

The companies profiled above are not just supplying a raw material—they are enabling innovation and efficiency across global manufacturing and technology sectors.