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 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.
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.)