MarketResearch.biz has recently published a market research report titled, “Global Carbonyl Iron Powder Market by Product Type, by Application, and by Region/ Country (US, Europe, Japan, China, India, Southeast Asia, South America, South Africa, and Rest of the World) – Global Forecast from 2020 to 2029”. The report offers a detailed analysis of the global carbonyl iron powder market. It is through systematic and exhaustive research efforts, both primary and secondary, as well as ideal segmentation that the research results have been gleaned over the study period. The report also presents the first five-year cumulative revenue (2020 – 2024), which is projected to be valued at around US$ 1 Billion, and this is expected to increase moderately over the latter part of the five-year forecast period.
Carbonyl iron powder is used in a wide range of applications such as metal powder injection molding processes, inductive electronic components, and diamond tools. Currently, countries such as China, Germany, Russia, and the US are top producers of CIP.
Carbonyl Iron Powder: This iron powder is prepared with the process of chemical decomposition of purified iron metal carbonyl compounds. The powder is grey and composed of spherical micro particles.
Atomized Ultra Fine Iron Powder: This type is relatively pure iron powder with irregular particles which are manufactured by the atomization method. The powder has small particles and excellent electrical magnetic optical effect. The atomized ultra fine iron powder is widely used in electromagnetic shielding and powder metallurgy.
Browse the full “Global Carbonyl Iron Powder Market By Product Type, By Application, And By Country (Us, Europe, Japan, China, India, Southeast Asia, South America, South Africa, And Rest Of The World) – Global Forecast From 2020 To 2029” report at https://marketresearch.biz/report/carbonyl-iron-powder-market/
Global Carbonyl Iron Powder Market: Dynamics
CIP can be used in the treatment of iron deficiency and an ingredient in iron dietary supplements in pharmaceutic sector. In 2017, this product was confirmed as an effective reductant for aromatic nitro groups in water, which is a crucial reaction used in the synthesis of pharmaceuticals. Particles of carbonyl iron deferred in a carrier fluid (60-80%) can be used as a magnetorheological fluid. These aforementioned advantages and features of CIP, makes it ideal for use in various applications and the scope of its application is expected to continuously expand, and drive market growth.
Europe market is expected to record significant revenue share in the global carbonyl iron powder market, owing to robust presence of major players in countries in the region. Europe market is expected to be followed by markets in the US and China. In addition, the China market is projected to register highest growth rate in the global carbonyl iron powder market over the 10-year forecast period.
Global Carbonyl Iron Powder Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global carbonyl iron powder market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global carbonyl iron powder market is expected to register a CAGR of 4.1% over the forecast period.
Global Carbonyl Iron Powder Market: Segmental Snapshot
The market report has been segmented on the basis of product type, application, and region/ country. The product type segment includes carbonyl iron powder, atomized ultra fine iron powder, and other types. The application segment includes powder metallurgy, electronics industry, diamond tools, military industry, food and drug industry, and other applications. Regions/ countries include US, Europe, Japan, China, India, Southeast Asia, South America, South Africa, and Rest of the World.
Product Type: The atomized ultra fine iron powder segment is expected to register highest revenue growth rate of over 4.2%, followed by the carbonyl iron powder segment in the global carbonyl iron powder market
Application: The powder metallurgy segment is projected to register highest growth rate of over 4.6% in terms of revenue in the global market, followed by the electronics industry segment.
Region: The market in China is projected to register highest revenue growth rate of over 4.9% in the global carbonyl iron powder market, followed by the markets in Europe, the US, and India, respectively.
Global Carbonyl Iron Powder Market: Competitive Analysis
The global carbonyl iron powder market research report includes company profiles of major players/ companies such as BASF SE, Shaanxi Xinghua Chemistry Co Ltd, Jinchuan Group International Resources Co. Ltd, CNPC POWDER GROUP CO. LTD, JFE Steel Corporation, Ji Lin Ji En Nickel Industry Co., Ltd, Sintez-CIP Ltd (Synthesis-PKZh LLC), Jiangxi Yuean Superfine Metal Co. Ltd, Jiangyou Hebao Nanomaterial Co., Ltd., and Grinm Advanced Materials Co., Ltd. (GRIPM Advanced Materials Co. Ltd.)
“Global Carbonyl Iron Powder Market Report 2019: Industry Trends, Market Analysis, Market Size, Revenue Share, Market Opportunities, Key Players, Factors Driving, Segments, and Forecast 2020 – 2029” report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global carbonyl iron powder market for 2019–2029.
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