The Global Ultrafine Pure Iron Powder Market was valued at US$ 907 Million in 2025 and is projected to reach US$ 1337 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2024–2034). This robust growth is fueled by increasing demand from the automotive and metallurgy sectors, advancements in powder metallurgy techniques, and the rising adoption of additive manufacturing across various industries.

As high-performance industries seek materials with superior magnetic properties, high purity, and precise particle size distribution, the focus intensifies on the key manufacturers driving innovation and supply chain reliability. In this analysis, we profile the Top 10 Companies in the Ultrafine Pure Iron Powder Industry—a selection of global leaders and specialized producers shaping the future of this critical advanced material.

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🔟 1. Höganäs AB

Headquarters: Höganäs, Sweden
Key Offering: High-purity iron powders (ASC 100, ABC 100.30), water-atomized powders

Höganäs AB is the world’s leading producer of metal powders, with a long-standing history and a dominant position in the iron powder market. The company’s ultrafine iron powders are renowned for their consistency, high purity, and excellent compressibility, making them essential for powder metallurgy (PM) parts in the automotive industry.

Innovation and Market Focus:

• Pioneer in sponge iron and water atomization production technologies

• Strong focus on sustainable manufacturing and reducing CO2 emissions

• Extensive R&D in metal additive manufacturing (3D printing) powders

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9️⃣ 2. GKN Hoeganaes

Headquarters: Cinnaminson, New Jersey, USA
Key Offering: Ancorsteel®, AncorMaxx®, and specialty stainless steel powders

GKN Hoeganaes, a part of GKN Powder Metallurgy, is a major global supplier of metal powders to the North American and international markets. The company produces a wide range of iron-based powders that are critical for manufacturing high-strength, complex PM components.

Innovation and Market Focus:

• Development of advanced binder-treated powders for enhanced performance

• Strategic focus on lightweighting solutions for electric vehicles (EVs)

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8️⃣ 3. Rio Tinto Metal Powders

Headquarters: Sorel-Tracy, Quebec, Canada
Key Offering: ATomet®, Electrolytic iron powders, Pyron™

Rio Tinto Metal Powders (RTMP) is a key global producer of high-quality iron and steel powders. Its product portfolio serves diverse applications, from soft magnetic composites (SMCs) for electronics to high-density parts for automotive applications.

Innovation and Market Focus:

• Leading producer of water-atomized and electrolytic iron powders

• Investment in production capacity expansion to meet growing EV demand

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7️⃣ 4. JFE Steel Corporation

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

JFE Steel is a major Japanese steel producer with a significant presence in the metal powder market. The company supplies high-performance iron powders primarily to the Asian automotive and electronics industries.

Innovation and Market Focus:

• Development of powders for noise-reducing and weight-saving automotive parts

• Strong R&D in powders for magnetic applications and welding electrodes

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6️⃣ 5. Laiwu Iron & Steel Group Powders Co., Ltd.

Headquarters: Jinan, Shandong, China
Key Offering: Water-atomized iron and steel powders, alloy powders

As one of China’s largest producers of metal powders, Laiwu Iron & Steel (part of Shandong Iron & Steel Group) plays a crucial role in supplying the domestic manufacturing sector. The company is central to China’s growing PM and welding industries.

Innovation and Market Focus:

• Major supplier to China’s rapidly expanding automotive and appliance sectors

• Continuous investment in production technology and capacity scaling

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5️⃣ 6. Pometon S.p.A.

Headquarters: Maerne di Martellago, Venice, Italy
Key Offering: High-purity iron powders, stainless steel powders, premix powders

Pometon is a leading European manufacturer of metal powders with over 70 years of experience. The company specializes in high-quality iron-based powders for the PM, welding, and chemical industries.

Innovation and Market Focus:

• Expertise in gas- and water-atomization technologies

• Focus on customized powder solutions for specific customer applications

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4️⃣ 7. Kobelco (Kobe Steel, Ltd.)

Headquarters: Kobe, Hyogo, Japan
Key Offering: KIP™ series iron powders, stainless steel powders

Kobelco is a prominent Japanese company with a well-established metal powder division. Its high-purity iron powders are used extensively in automotive components, magnetic materials, and food fortification.

Innovation and Market Focus:

• Development of advanced powders for electromagnetic applications

• Strong presence in the Asian and North American PM markets

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3️⃣ 8. Hangzhou Yitong New Materials Co., Ltd.

Headquarters: Hangzhou, Zhejiang, China
Key Offering: Ultrafine iron powder, reduced iron powder, atomized iron powder

Hangzhou Yitong is a specialized Chinese manufacturer focused on producing high-quality iron powders. The company serves various sectors, including PM, welding, and magnetic materials, with a growing export footprint.

Innovation and Market Focus:

• Increasing production capacity to capitalize on domestic market growth

• Focus on cost-competitive powders for mass-market applications

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2️⃣ 9. American Elements

Headquarters: Los Angeles, California, USA
Key Offering: High-purity (3N-5N) iron nanopowders, micron-scale powders

American Elements is a global manufacturer and supplier of advanced materials, including a wide range of high-purity ultrafine iron powders. The company caters primarily to research institutions, laboratories, and high-tech industries requiring precise material specifications.

Innovation and Market Focus:

• Specialization in research-grade and high-purity (99.9%-99.999%) materials

• Supplier to the electronics, pharmaceutical, and aerospace sectors

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1️⃣ 10. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Specialty metal powders for catalysis and chemical processes

While BASF is primarily known as a chemical giant, it is also a significant player in advanced material powders, including high-purity iron powders used in catalysis, battery materials, and specialty chemical synthesis.

Innovation and Market Focus:

• Leading R&D in iron-based catalysts for sustainable chemical processes

• Development of functional powders for energy storage applications

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🔬 Outlook: The Future of Ultrafine Pure Iron Powder is High-Tech and Application-Specific

The ultrafine pure iron powder market is experiencing a significant transformation, driven by technological advancements and evolving end-user requirements. While traditional PM applications continue to dominate volume consumption, the industry is increasingly focused on developing specialized, high-value powders for next-generation technologies.

📈 Key Trends Shaping the Market:

• Rising demand from the electric vehicle sector for soft magnetic composites (SMCs) in motors

• Growth in metal additive manufacturing (3D printing) requiring precise spherical powders

• Increasing adoption in electronics for electromagnetic interference (EMI) shielding

• Focus on sustainability and circular economy principles in powder production

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Ultrafine Pure Iron Powder Market – View in Detailed Research Report

The companies listed above are not only supplying a critical industrial material—they are actively enabling technological progress across automotive, electronics, and manufacturing sectors worldwide.