Carbonyl Iron Powder and Ultra Fine Iron Powder Sales

Carbonyl Iron Powder and Ultra Fine Iron Powder Sales Market Outlook

The global iron powder market, specifically focusing on carbonyl iron powder and ultra-fine iron powder, is projected to reach approximately USD 3.85 billion by the year 2035, growing at a robust compound annual growth rate (CAGR) of around 7.5% during the forecast period from 2025 to 2035. This growth can be attributed to the increasing demand for iron powder in various applications, including the automotive and electronics industries, along with advancements in powder metallurgy processes. Moreover, the rising trend of lightweight materials and precision components in manufacturing is driving the market for ultra-fine iron powder, which is recognized for its high purity and unique properties. The integration of advanced technologies in production and growing investments in research and development initiatives are also significant contributors to the market's expansion. Furthermore, the rising need for high-performance materials in various end-use industries is expected to create lucrative opportunities for market players.

Growth Factor of the Market

The growth of the carbonyl iron powder and ultra-fine iron powder market is significantly driven by the expanding automotive sector, which requires high-performance materials for manufacturing components like gears, bearings, and engine parts. As the automotive industry shifts towards electric vehicles (EVs), there is an increasing need for materials that can enhance energy efficiency and reduce weight, thus driving demand for ultra-fine iron powder. Furthermore, the electronics industry is also a vital growth factor, with a rising demand for magnetic materials and components that utilize iron powder in their production. The medical sector is becoming increasingly reliant on specialized iron powders for applications such as magnetic resonance imaging (MRI) and drug delivery systems, contributing to market growth. Additionally, the expansion of the construction and pharmaceutical industries, with their requirements for high-purity iron powders, is creating further opportunities for market players. Lastly, the rising trend of 3D printing technology is anticipated to open new avenues for carbonyl iron powder, allowing for new applications in various sectors.

Key Highlights of the Market

• The global iron powder market is projected to reach USD 3.85 billion by 2035.
• Strong CAGR of 7.5% expected during the forecast period from 2025 to 2035.
• Increased application in automotive and electronic sectors.
• Growing demand for high-performance materials and lightweight components.
• Expansion of 3D printing technology creating new market opportunities.

By Product Type

Carbonyl Iron Powder:

Carbonyl iron powder is renowned for its high purity and very fine particle size, making it an ideal material for applications requiring precision and high performance. It is primarily utilized in the manufacturing of magnetic components, such as inductors and transformers, due to its excellent magnetic properties. The automotive industry also uses carbonyl iron powder for producing soft magnetic materials, which are essential for various electronic devices integrated within vehicles. Moreover, carbonyl iron powder finds applications in the automotive brake systems and as a raw material for powder metallurgy, where it contributes to the production of strong, durable parts. The growing adoption of electric vehicles is further boosting demand for carbonyl iron powder, as manufacturers seek high-quality materials for battery production and other electronic components. As a result, the carbonyl iron powder segment is anticipated to witness steady growth in the upcoming years.

Ultra Fine Iron Powder:

Ultra fine iron powder is characterized by its small particle size, which provides unique properties such as increased surface area and enhanced reactivity, making it suitable for various applications. This type of iron powder is widely used in the manufacturing of magnetic materials for electronics, including hard disk drives and other storage devices. The ultra-fine property also enables the effective production of sintered parts in powder metallurgy, which are critical in creating components that require high strength and fatigue resistance. The demand for ultra fine iron powder is witnessing a surge due to the advancements in technologies like 3D printing, where fine powders are utilized to create complex shapes and structures. Furthermore, the medical industry is also exploring the use of ultra-fine iron powder in drug delivery systems and biomedical applications, further propelling its demand. The overall market for ultra fine iron powder is expected to continue its upward trajectory, driven by these diverse applications.

By Application

Automotive:

The automotive sector is a significant consumer of both carbonyl iron powder and ultra-fine iron powder, primarily due to the increasing use of lightweight materials to improve fuel efficiency and performance in vehicles. Iron powder is utilized in the production of various components, including gears, bearings, and structural parts, which must meet stringent performance requirements. As electric vehicles gain popularity, the automotive industry is leaning towards high-performance materials, leading to an increase in the use of iron powders in manufacturing electric motor cores and other vital components. Additionally, advancements in automotive technologies, such as enhanced braking systems and improved electronic control units, are expected to further drive the demand for high-quality iron powders, ensuring continued growth in this application segment.

Electronics:

The electronics industry presents a dynamic application area for carbonyl iron powder and ultra-fine iron powder, driven by the constant innovation in consumer electronics. Iron powders are essential in the production of magnetic materials used in inductors, transformers, and magnetic sensors, which are critical for the functionality of electronic devices. With the increasing demand for smaller, lighter, and more energy-efficient electronic devices, manufacturers are progressively incorporating ultra-fine iron powders in their production processes. Furthermore, as electronic devices become more sophisticated, the requirement for high-performance magnetic materials continues to grow, bolstering the consumption of iron powders in this sector. The electronics application segment is anticipated to flourish as technological advancements continue and the demand for innovative electronic solutions expands.

Machinery:

The machinery sector has been a stable consumer of iron powders, primarily used in the manufacturing of precision-engineered components. Carbonyl iron powder is widely utilized in the production of mechanical parts that require a high degree of accuracy and strength. The increasing automation and the trend towards modular manufacturing processes are driving demand for iron powders, as manufacturers seek materials that can withstand the rigors of operation while maintaining dimensional integrity. Additionally, the growth of the construction and agricultural machinery sectors is further propelling the demand for iron powders, as these sectors require high-quality materials for durable and reliable machinery components. As machinery applications continue to evolve with technological advancements, the iron powder segment is expected to see sustained growth.

Medical:

The medical application of carbonyl iron powder and ultra-fine iron powder is gaining traction, particularly in areas such as magnetic resonance imaging (MRI) and targeted drug delivery systems. Carbonyl iron powder is often used to create contrast agents for MRI scans, enhancing imaging quality and improving diagnostic capabilities. Additionally, ultra-fine iron powders are being explored for their potential in drug delivery, where they can be utilized to create targeted therapies that improve the efficacy of treatments while minimizing side effects. The growth of the healthcare sector, along with increasing investments in research and development, is expected to foster innovation, leading to new applications of iron powders in medicine. The medical segment is anticipated to grow as the demand for advanced healthcare solutions rises, driving the need for high-performance materials.

Others:

This category encompasses a variety of applications where iron powders are utilized, including in the chemical and food industries. In the chemical industry, iron powders are often used as catalysts in various reactions, enhancing the efficiency of chemical processes. In the food and beverage sector, iron powders can serve as fortifying agents, helping to address nutritional deficiencies in products. Additionally, iron powders are utilized in coatings and pigments due to their stability and ability to provide coloration and protection. As various industries continue to innovate and seek materials that enhance product quality and performance, the 'Others' application segment is expected to contribute to the overall growth of the iron powder market.

By Distribution Channel

Direct Sales:

Direct sales channels play a crucial role in the iron powder market by allowing manufacturers to engage directly with customers, ensuring a streamlined supply chain. This approach provides businesses with greater control over pricing and product quality while enabling them to build strong relationships with clients. Direct sales are often favored by larger corporations that require consistent supply and specialized products tailored to their specific applications. By eliminating intermediaries, manufacturers can respond more swiftly to market demands and customer feedback, potentially leading to increased customer satisfaction. Furthermore, direct sales channels allow companies to showcase their expertise and establish their brand authority in the marketplace. As the demand for customized solutions and high-quality products continues to rise, the direct sales channel is expected to maintain a significant share of the distribution landscape.

Indirect Sales:

Indirect sales channels are instrumental in expanding the reach of carbonyl iron powder and ultra-fine iron powder to a broader customer base. This method encompasses various intermediaries, including distributors, wholesalers, and retailers, who facilitate the distribution of iron powder across different markets. The indirect sales approach is particularly beneficial for smaller manufacturers or those looking to penetrate new regions, as it allows them to leverage established networks and expertise in market dynamics. By partnering with distributors, companies can gain access to new clientele and enhance their market presence without the need for substantial investment in direct sales infrastructure. The indirect sales segment continues to grow as manufacturers recognize the importance of diversifying their sales channels to capture a wider audience and maximize profitability.

By Use Industry

Chemical:

The chemical industry is a vital consumer of iron powder, as these materials are essential in various processes and applications. Iron powder is employed as a reducing agent in several chemical reactions, contributing to the production of high-purity metal oxides and other compounds. Additionally, the unique properties of iron powder make it suitable for use as a catalyst in chemical synthesis, where it can enhance reaction rates and improve overall efficiency. With the growth of the chemical manufacturing sector and the increasing focus on sustainable practices, the demand for iron powders, particularly high-purity variants, is expected to rise. As companies continue to innovate and seek out advanced materials to optimize production processes, the chemical industry will play a significant role in driving the growth of the iron powder market.

Pharmaceutical:

The pharmaceutical industry is increasingly recognizing the potential of carbonyl iron powder and ultra-fine iron powder for various applications, particularly in drug formulation and delivery systems. Iron powders are often used as excipients in tablet formulations, enhancing their performance and stability. Moreover, carbonyl iron powder is being explored for its capabilities in magnetic drug targeting, where it can be utilized to guide drugs to specific sites in the body using external magnetic fields. The rise in chronic diseases and the increasing emphasis on personalized medicine are expected to propel the demand for specialized iron powders in pharmaceutical applications. As the industry continues to innovate and prioritize efficiency and effectiveness, the pharmaceutical sector will remain a significant driver for the growth of the iron powder market.

Food & Beverage:

The food and beverage industry is beginning to explore the use of iron powders, particularly for fortification purposes. Iron is an essential nutrient, and its supplementation in food products can help address common nutritional deficiencies, especially in populations at risk. Carbonyl iron powder, due to its high purity and low reactivity, is preferred for use in food applications, ensuring safety while enhancing nutritional value. As consumer awareness regarding health and nutrition continues to grow, the demand for fortified food products is expected to increase, driving the need for high-quality iron powders in this sector. The food and beverage application segment is anticipated to witness steady growth as manufacturers continue to innovate and develop products that cater to the health-conscious consumer.

Construction:

The construction industry utilizes iron powders for various applications, including the production of construction materials and components. Iron powders are often incorporated into concrete and other building materials to enhance their strength and durability. Additionally, the growing trend towards sustainable construction practices has led to increased interest in utilizing iron powders in the formulation of eco-friendly materials. As urbanization and infrastructure development continue to rise globally, the demand for high-quality construction materials, including those enhanced with iron powder, is expected to grow. The construction sector's ongoing expansion and drive for improved building materials will significantly contribute to the growth of the iron powder market.

Others:

This category includes various industries that utilize iron powder in niche applications, such as automotive parts manufacturing and specialized coatings. Iron powders are employed in creating high-performance components that require specific properties such as magnetic characteristics, thermal conductivity, or corrosion resistance. Additionally, the use of iron powders in specialized coatings provides protective features that enhance the lifespan of products across different industries. As innovation continues to drive product development in these areas, the 'Others' use industry segment is expected to see growth, further diversifying the applications of iron powders.

By Region

The regional analysis of the carbonyl iron powder and ultra-fine iron powder market indicates that North America and Europe are currently the leading markets, driven by the advanced automotive and electronics sectors. North America is expected to account for approximately 30% of the global market share by 2035, with a CAGR of 7% during the forecast period. The region benefits from a well-established manufacturing base and significant investments in R&D, leading to increased adoption of iron powders in various applications. Europe, closely following, is anticipated to hold 28% of the market share by 2035, with the automotive and healthcare industries fuelling demand for high-purity iron powders. The region's focus on sustainable manufacturing practices is also expected to drive innovation and growth in the iron powder market.

In the Asia Pacific region, the market for carbonyl iron powder and ultra-fine iron powder is projected to grow at the fastest rate, with a CAGR of 9% during the forecast period. This growth can be attributed to the rapidly expanding automotive and electronics industries in countries such as China, Japan, and India. The region is expected to capture approximately 25% of the global market share by 2035, with increasing urbanization and infrastructure development driving demand for advanced materials. Latin America and the Middle East & Africa are also emerging markets, with projected shares of 10% and 7% respectively. These regions are expected to see steady growth as industrialization progresses and the demand for iron powders increases across various sectors.

Opportunities

As the demand for sustainable and environmentally friendly materials continues to rise, the iron powder market presents numerous opportunities for innovation and product development. Manufacturers are increasingly focusing on producing high-purity iron powders that meet the stringent quality standards required by industries such as pharmaceuticals and food & beverages. This shift towards producing specialized iron powders opens avenues for companies to cater to niche markets and develop customized solutions tailored to specific applications. Furthermore, the integration of advanced technologies, such as 3D printing and additive manufacturing, presents an exciting opportunity for iron powders to be utilized in new and innovative ways, enabling manufacturers to create complex geometries that were previously unattainable. As industries continue to evolve and seek out advanced materials, the opportunities for growth in the iron powder market are substantial.

Additionally, the increasing emphasis on research and development initiatives within key industries, including automotive, electronics, and healthcare, is expected to create a wealth of opportunities for iron powder manufacturers. Collaborations between companies and research institutions can lead to the discovery of new applications and improved formulations that enhance the performance of iron powders in various sectors. The growing trend of digitalization and the adoption of Industry 4.0 practices are also likely to provide opportunities for manufacturers to optimize their production processes and improve the efficiency of their supply chains. By investing in these innovations and forming strategic partnerships, businesses within the iron powder market can position themselves for long-term success and profitability.

Threats

Despite the promising growth prospects of the carbonyl iron powder and ultra-fine iron powder market, several threats could negatively impact the industry's trajectory. One significant threat comes from the volatility in raw material prices, which may affect production costs and profit margins for manufacturers. As global demand for iron and steel fluctuates, prices can vary significantly, leading to uncertainty in the cost structure for producers of iron powders. Moreover, the increase in competition from alternative materials, such as synthetic and composite powders, poses a challenge for iron powder manufacturers as industries may seek lighter, more versatile options. This competitive landscape may force traditional iron powder producers to innovate continuously to maintain their market share and differentiate their products. Additionally, regulatory changes concerning environmental practices and safety standards could impose further challenges, requiring companies to adapt their processes and comply with new regulations.

Another critical threat is the potential for economic downturns or market instability, which could result in reduced demand for iron powder across various industries. Economic fluctuations can lead to decreased manufacturing activity and delayed projects, directly impacting consumption levels of iron powders. Furthermore, geopolitical tensions and trade restrictions may hinder the global supply chain, causing disruptions in production and distribution networks. These external factors can create a challenging environment for iron powder manufacturers, necessitating strategic planning and risk management to mitigate their impact. To navigate these threats successfully, companies must remain agile and responsive to market changes while continuing to invest in innovation and efficiency improvements.

Competitor Outlook

• Höganäs AB
• GKN Powder Metallurgy
• Metaldyne Performance Group
• Rio Tinto Metal Powders
• JFE Steel Corporation
• Carpenter Technology Corporation
• Saint-Gobain S.A.
• Shanxi Yulong Metal Powder Co., Ltd.
• CNPC Powder Metallurgy Co., Ltd.
• Mitsui Mining & Smelting Co., Ltd.
• Advanced Powder Products, LLC
• Concordia Manufacturing, Inc.
• North American Höganäs
• Alfa Aesar
• Powdered Metals LLC

The competitive landscape of the carbonyl iron powder and ultra-fine iron powder market is characterized by a mix of established players and emerging companies. Leading manufacturers, such as Höganäs AB and GKN Powder Metallurgy, maintain significant market share due to their extensive product portfolios and strong relationships with key industries. These companies invest heavily in research and development, enabling them to create innovative solutions that meet the evolving demands of their customers. The focus on sustainability and environmentally friendly practices is also becoming increasingly important in the competitive landscape, with many manufacturers adopting green technologies and responsible sourcing practices to enhance their brand reputation and appeal to conscientious consumers.

Emerging players in the iron powder market are leveraging advancements in production technologies and forming strategic partnerships to capture a share of the growing market. Companies like Shanxi Yulong Metal Powder Co., Ltd. and CNPC Powder Metallurgy Co., Ltd. are gaining traction through their focus on high-quality products and competitive pricing. These emerging competitors often target niche segments and specific applications, allowing them to establish a foothold in the market and compete against larger, established players. Additionally, the rise of e-commerce and digital sales platforms is providing new opportunities for smaller companies to reach customers and expand their market presence without significant investments in traditional distribution channels.

Key companies in the carbonyl iron powder and ultra-fine iron powder market are not only focused on product innovation but also on expanding their global reach through mergers and acquisitions. The consolidation of companies can lead to increased market share and improved operational efficiencies, allowing larger players to enhance their competitive advantage. For instance, Carpenter Technology Corporation has been actively pursuing strategic acquisitions to broaden its product offering and strengthen its presence in the iron powder market. By focusing on collaboration and partnership opportunities, major players can position themselves to capitalize on the growth potential of the market and ensure long-term success amidst evolving industry dynamics.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Alfa Aesar
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Saint-Gobain S.A.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Powdered Metals LLC
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 GKN Powder Metallurgy
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 JFE Steel Corporation
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Rio Tinto Metal Powders
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Höganäs AB
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Metaldyne Performance Group
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Advanced Powder Products, LLC
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Concordia Manufacturing, Inc.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 CNPC Powder Metallurgy Co., Ltd.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Carpenter Technology Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Mitsui Mining & Smelting Co., Ltd.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 North American Höganäs
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Shanxi Yulong Metal Powder Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Carbonyl Iron Powder and Ultra Fine Iron Powder Sales Market, By Application
    • 6.1.1 Automotive
    • 6.1.2 Electronics
    • 6.1.3 Machinery
    • 6.1.4 Medical
    • 6.1.5 Others
  • 6.2 Carbonyl Iron Powder and Ultra Fine Iron Powder Sales Market, By Product Type
    • 6.2.1 Carbonyl Iron Powder
    • 6.2.2 Ultra Fine Iron Powder
  • 6.3 Carbonyl Iron Powder and Ultra Fine Iron Powder Sales Market, By Use Industry
    • 6.3.1 Chemical
    • 6.3.2 Pharmaceutical
    • 6.3.3 Food & Beverage
    • 6.3.4 Construction
    • 6.3.5 Others
  • 6.4 Carbonyl Iron Powder and Ultra Fine Iron Powder Sales Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Carbonyl Iron Powder and Ultra Fine Iron Powder Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Carbonyl Iron Powder and Ultra Fine Iron Powder Sales market is categorized based on

By Product Type

• Carbonyl Iron Powder
• Ultra Fine Iron Powder

By Application

• Automotive
• Electronics
• Machinery
• Medical
• Others

By Distribution Channel

• Direct Sales
• Indirect Sales

By Use Industry

• Chemical
• Pharmaceutical
• Food & Beverage
• Construction
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Höganäs AB
• GKN Powder Metallurgy
• Metaldyne Performance Group
• Rio Tinto Metal Powders
• JFE Steel Corporation
• Carpenter Technology Corporation
• Saint-Gobain S.A.
• Shanxi Yulong Metal Powder Co., Ltd.
• CNPC Powder Metallurgy Co., Ltd.
• Mitsui Mining & Smelting Co., Ltd.
• Advanced Powder Products, LLC
• Concordia Manufacturing, Inc.
• North American Höganäs
• Alfa Aesar
• Powdered Metals LLC