Global Carbonyl Iron Powder Market By Product Type (Carbonyl Iron Powder, Atomized Ultra Fine Iron Powder and Others), By Application (Powder Metallurgy, Electronics Industry, Diamond Tools and Others) and By Region – Global Forecast to 2030

“Global Carbonyl Iron Powder Market” is the title of a recently published market report compiled by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global carbonyl iron powder market has been segmented on the basis of material type, end-user, as well as regions and countries.

The Global Carbonyl Iron Powder Market was valued at UЅD $188.7 Мn in 2020, and is projected to achieve a valuation of UЅD $272 Мn by 2030, at a САGR of 4.5%.

Overview:

Carbonyl iron is a highly pure grade of iron, that is prepared by chemical decomposition of purified iron pentacarbonyl. It usually has the appearance of grey powder, composed of spherical microparticles. Most of the impurities are carbon, oxygen, and nitrogen.

Dynamics:

The ever-increasing demand for carbonyl iron powder for various metal powder injection molding applications in order to manufacture automotive components, computer manufacture, medical & precision equipment, etc. is a primary factor that is expected to continue to fuel the revenue growth of the global carbonyl iron powder market over the next 10 years. Moreover, the unique microstructure of carbonyl iron powder makes it an excellent absorber of microwave frequencies, making it ideal for use with a wide range of technologies such as mobile phones, satellite TV, etc. This factor is also slated to have an impact on future market growth opportunities for this global industry.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global carbonyl iron powder market is no different, and this is expected to have a significantly negative impact on the revenue growth of this industry in the coming years. Additionally, the production of carbonyl iron powder consumes a significant amount of power, resulting in high production costs. This is also a factor that may restrain future revenue growth opportunities for the global carbonyl iron powder market in the foreseeable future.

Nonetheless, the increasing demand for carbonyl iron powder by the drug and food industries as a substitute iron replacement product is a factor that is expected to further augment revenue growth opportunities for the global carbonyl iron powder market in the coming years.

Segmentation of the global carbonyl iron powder market is as follows:

In terms of product type, the atomized ultra-fine iron powder segment accounted for the maximum number of revenue shares of the global carbonyl market in 2020, and is expected to continue doing so over the forecast period. The carbonyl iron powder segment is also indicative of indexing a high CAGR over the next 10 years.

With regards to application, the powder metallurgy segment accounted for the highest number of revenue shares of the global carbonyl iron powder market in 2020, and is anticipated to continue doing so over the next 10 years. The electronics industry segment is also expected to register a high CAGR in the years to come.

Regional Segmentation and Analysis:

The markets in Europe accounted for the maximum number of revenue shares of the global carbonyl iron powder market in 2020, and is expected to index the same for the remainder of this forecast period. The markets in the United States are also expected to index considerable revenue growth over the next 10 years.

Segmentation of the Global Carbonyl Iron Powder Market:

Segmentation by Product Type:

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

Segmentation by Application:

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

Segmentation by Regions:

• North America
• Europe
• APAC
• South America
• MEA