Overview:

Carbonyl iron is a highly pure (97.5% for grade S, 99.5+% for grade R) form of iron and is formed with mixture of various other iron particles. There are various types of iron powder such as reduced iron powder, atomized powder, and electrolyte iron powder. The iron properties are different according to production and the size also differs from 20 μm -200 μm.

Market Dynamics:

Flourishing pharmaceutical sector across the globe, increasing R&D activities by major players for innovative products, is resulting in rising demand for carbonyl iron powder in iron drugs as a kind of iron supplement is a major factor expected to drive the growth of global market. In addition, wide applicability of carbonyl iron powder in manufacturing of diamond tools that are used in optics and mirror industry is another factor expected to further support the growth of target market during the forecast period.

Key Trends:

Major players are focused on business expansion through strategic merger and acquisition in order to increase the business presence and enhance the customer base is the key trend witnessed in the target market. In 2020 Severstal accompany operating in steel and mining industry acquired Sintez a major producer of carbonyl iron powder. This acquisition will help the company to enhance the business presence and increase the customer base.

Regional Analysis:

For detailed understanding of market dynamics, the global marketis analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America accounted for major revenue share in 2018, owing to rising demand form pharmaceutical sector. In addition, flourishing food & beverage sector in the region, and increasing number of manufactures is resulting in increase demand for carbonyl iron powder to bed used in food additives, this is another factor expected to further support growth of regional market. Europe accounts for significant share in the global carbonyl iron powder market in terms of revenue. Asia Pacific is the third-largest market in terms of revenue share and is expected to witness significant growth over the forecast period.

Scope of the Report:

Detailed Segmentation:

Global Carbonyl Iron Powder Market, By Type:

• Soft Grades
• Hard Grades

Global Carbonyl Iron Powder Market, By Application:

• Inductive Electronic Components
• Metal Powder Injection Molding
• Diamond Tools
• Microwaves and Radar Absorption
• Nutritional Supplements

Key Players Covered:

Key players operating in the market includes, Stanford Advanced Materials, BASF SE, Reade International Corp., Yuelong Superfine Metal Co, American Elements, Nanoshel LLC, Prism Diversified Ltd, CVMR Corporation, JFE Steel Corporation, and Sintez PKZH Ltd.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Carbonyl Iron Powder Market by type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global carbonyl iron powder market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.