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

“Global Carbonyl Iron Powder Market” is a published report at MarketResearch.biz. The global carbonyl iron powder market is expected to be valued at over US$ 188.7 Mn in 2020 and is projected to register a CAGR of 4.1% over the forecast period. The global carbonyl iron powder market report has been segmented on the basis of product type, application, and region/countries.

Overview

Carbonyl iron powder (CIP) is known as a kind of metal powder, which has high activity, high purity, and a fine particle size. The powder is usually produced by either low-pressure decomposition or by thermal decomposition of various metal carbonyl compounds. In order to get high purity, carbonyl compounds are distilled in thermal decomposition method. During the decomposition process, spherical layers get formed over the nucleus. A shell-like structure is developed by spherical layers. Properties such as purity, particle size, and distribution of final products are determined by the efficiency of composition process.

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• Competitive benchmarking
• Market forecasts
• Company market shares
• Market opportunities
• Latest trends & dynamics

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Specific amount of nitrogen is contained in CIP. Less than 1% of nitrogen and carbon and 97% of iron is contained in Carbonyl iron powder. CIP is good at absorbing microwave frequencies owing to its microstructure. Attributed to its good magnetization behavior, CIP is widely used in magnetorheological and electronics fluids, a wide range of uncoated and coated grades of CIP is produced by thermal decomposition. Due to this, Carbonyl iron powder is used in wide range applications such as inductive electronic components, metal powder injection molding processes, and diamond tools. CIP is used in iron deficiency treatment and for making iron dietary supplements.

Dynamics

Small and complex parts are required to improve processing efficiency of automotive and machinery in various industries. Metal powder injection molding is considered to be an efficient technique in manufacturing complex and small parts. In order to produce automotive components, computers, and other electronics, and precision and precision equipment, demand for CIP is increasing from metal powder injection molding application. This increasing demand for CIP from metal powder injection molding is expected to drive growth of the market over the forecast period. Increasing use of diamond tools to manufacture optics such as lenses and mirrors and to cut marble granite and other granite blocks is projected to drive demand for the product in the global carbonyl iron powder over the forecast period. Introduction of modified powder to improve powder-binder maximum loading, sintered density, and increased sintered strength for metal injection molding application is expected to increase demand for CIP and support market growth. CIP has a unique microstructure, which makes it an excellent absorber of microwave frequencies. Thus, it can be used in a wide range of technologies such as satellite TV, mobile phones, etc. Due to its exceptional properties, demand for CIP from various technologies is increasing and helping market growth. Key players across the world are investing in research and development activities to improve quality and enhance production capacities. Therefore, increasing investments in research and development activities for carbonyl iron powder by market players across the globe is expected to help market growth of carbonyl iron powder.

Production of carbonyl iron powder requires high power consumption resulting in a high cost of production. Therefore, high costs related to carbonyl iron powder production might hamper market growth. Overdose of carbonyl iron powder in drug and food has side effects such as constipation nausea, stomach pain, tooth discoloration, diarrhea, and dark-colored bowel movements which are expected to hamper growth of the market to a certain extent. The rising demand for CIP in drug and food industry as an iron replacement product for the treatment or prevention of iron deficiency, and to treat iron deficiency in anemia is likely to create lucrative opportunities for global carbonyl iron powder market over the forecast period.

Global Carbonyl Iron Powder Market Segment Analysis:

By Product Type: Among the Product type segments, the atomized ultra-fine iron powder segment is projected to account for majority revenue share, and register a CAGR of over 4.2% over the forecast period.

By Application: Among the application segments, the powder metallurgy segment is projected to account for majority revenue share and register a CAGR of 4.6% over the forecast period.

Global Carbonyl Iron Powder Market Regional Analysis:

The market in China currently accounts for highest revenue share among the regional markets, followed by Europe, the US, and India, respectively. The China market is projected to register highest CAGR of over 4.9% in the global carbonyl iron powder market.

Key developments by Companies

BASF SE (Year-2018)

Contracts/Agreements; In March, the company entered into a research collaboration agreement with HitGen Ltd, to discover novel leads for BASF.

Contracts/Agreements; In February, the company signed a strategic agreement with BigRep, to develop industrial 3D printing materials.

Contracts/Agreements; In March, the company entered into a partnership with Farsoon, to launch the new PA6 material solution, for the 3D printing industry in China.

Corporate Changes/Expansions; In July, the company announced to build a chemical production site in the South Chinese province of Guangdong, China.

Contracts/Agreements; In July, Gascade, a subsidiary of BASF and GAZPROM, awarded a construction contract to the joint venture of Bonatti and Max Streicher, regarding the 6 lots of the Eugal gas pipeline.

Others; In September, the company made an investment in its production plant for alkoxylation in Antwerp, Belgium, for capacity expansion.

Global Carbonyl Iron Powder Market Segmentation:

By Product Type:

• Carbonyl Iron Powder
• Atomized Ultra Fine Iron Powder
• Other types

By Application:

• Powder Metallurgy
• Electronics Industry
• Diamond Tools
• Military Industry
• Food and Drug Industry
• Other Applications

By Region:

• USA
• Europe
• Japan
• China
• India
• Southeast Asia
• South America
• South Africa
• Rest of World

• 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.
• Grinm Advanced Materials Co., Ltd. (GRIPM Advanced Materials Co. Ltd.)