High Purity Carbonyl Iron Powder Market

Gain valuable insights into the High Purity Carbonyl Iron Powder market, including sales outlook, demand forecast, and up-to-date key trends.

Pure and Versatile: Uncovering the High Purity Carbonyl Iron Powder Market

Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-19369 Format: PDF Pages: 325

Report Highlights
According to a research survey conducted by ChemView Consulting, the High Purity Carbonyl Iron Powder Market was worth US$ 226.57 Mn in 2023. The market is expected to grow at a CAGR of 3.80% between 2023 and 2033 to hit US$ 331.37 Mn by 2033 end.

Key Market Trends

Automotive Industry Drives Demand for High-Purity Carbonyl Iron Powder

The automotive industry is increasingly turning to high-purity carbonyl iron powder for its superior properties, such as high strength, low cost, and corrosion resistance. This is driving the demand for high-purity carbonyl iron powder in the automotive industry, as manufacturers look to reduce costs and improve performance.

Electronics Industry Leverages High-Purity Carbonyl Iron Powder

The electronics industry is increasingly turning to high-purity carbonyl iron powder for its superior properties, such as high electrical conductivity, low cost, and corrosion resistance. This is driving the demand for high-purity carbonyl iron powder in the electronics industry, as manufacturers look to reduce costs and improve performance.

Advancements in Medical Technology

High Purity Carbonyl Iron Powder is also expected to see increased demand in the medical industry due to its ability to absorb and carry oxygen. It is used in the production of medical equipment such as MRI machines, drug delivery systems, and medical implants. As medical technology continues to advance, the demand for High Purity Carbonyl Iron Powder is expected to grow.

Market Drivers

Increasing Demand for High-Purity Carbonyl Iron Powder in Automotive Industry

The automotive industry is increasingly using high-purity carbonyl iron powder for various applications such as fuel injection systems, engine components, and other automotive parts. This is driving the demand for high-purity carbonyl iron powder in the market.

Growing Use of High-Purity Carbonyl Iron Powder in the Electronics Industry

High-purity carbonyl iron powder is used in the electronics industry for various applications such as magnetic shielding, magnetic recording media, and other electronic components. This is driving the demand for high-purity carbonyl iron powder in the market.

Growing Demand for High-Purity Carbonyl Iron Powder in Medical Industry

High-purity carbonyl iron powder is used in the medical industry for various applications such as magnetic resonance imaging (MRI), magnetic resonance spectroscopy (MRS), and other medical applications. This is driving the demand for high-purity carbonyl iron powder in the market.”

Segmentation Insights

After conducting a comprehensive analysis of the High Purity Carbonyl Iron Powder Market, we have identified the top three most popular and trending segments in the industry. These segments are experiencing rapid growth, high demand, and extensive market penetration.

Most Popular (Fastest Growth Rate)  

98-99% Purity Grade

The 98-99% Purity Grade has emerged as the most popular choice in the High Purity Carbonyl Iron Powder Market due to its high quality, consistency, and versatility. This grade of carbonyl iron powder is extensively used in a variety of applications, including metal injection molding, conventional powder metallurgy, and diamond tool production. Its superior performance characteristics, coupled with its cost-effectiveness, make it the preferred choice for a wide range of industries.

Most Selling (Largest Market Share) 

Electronic Components Application

Electronic components have become the most selling application in the High Purity Carbonyl Iron Powder Market, owing to the growing demand for high-performance, reliable electronic devices. Carbonyl iron powder is an essential component in the production of electronic components, providing excellent magnetic properties, high permeability, and low coercivity. As the demand for electronic devices continues to surge, the use of carbonyl iron powder in electronic components is expected to rise significantly.

Trending (Gaining Traction) 

Nutritional Supplement Application

The Nutritional Supplement Application is gaining significant traction in the High Purity Carbonyl Iron Powder Market, thanks to the growing awareness of iron deficiency and its adverse effects on health. Carbonyl iron powder is an effective, easily absorbable form of iron, making it an ideal ingredient in nutritional supplements. As more people turn to nutritional supplements to meet their daily iron requirements, the use of carbonyl iron powder in this application is expected to rise rapidly.

In summary, the High Purity Carbonyl Iron Powder Market is experiencing significant growth in the 98 -99% Purity Grade, Electronic Components Application, and Nutritional Supplement Application segments, catering to the diverse needs and preferences of the automotive, construction, electronics, pharmaceutical, food and beverage, and other industries.

Regional Insights

North America: Rising Demand for High-Performance Magnetic Materials Drives the Growth of High Purity Carbonyl Iron Powder Market in North America

North America is a major market for high-purity carbonyl iron powder, with the United States and Canada leading the way in terms of production and consumption. The region is home to some of the world’s leading manufacturers of the product, and the demand for high-purity carbonyl iron powder is expected to remain strong in the coming years.

The product is used in a variety of industries, including automotive, aerospace, and medical, and is increasingly being used in the production of high-performance components. The region is also home to a number of research and development initiatives that are focused on improving the quality and performance of the product.

Europe: Rising Demand for High-Performance Materials Drives Growth of High-Purity Carbonyl Iron Powder Market in Europe

Europe is a major market for high-purity carbonyl iron powder, with countries such as Germany, France, and the United Kingdom leading the way in terms of production and consumption. The product is used in a variety of industries, including automotive, aerospace, and medical, and is increasingly being used in the production of high-performance components.

The region is also home to a number of research and development initiatives that are focused on improving the quality and performance of the product. In addition, the European Union has implemented a number of regulations that are designed to ensure the safety and quality of the product. As a result, the demand for high-purity carbonyl iron powder is expected to remain strong in the coming years.

Asia Pacific: Rising Demand for High-Purity Carbonyl Iron Powder Driven by Increasing Industrial Applications in Asia Pacific

The Asia Pacific region is witnessing a surge in demand for high-purity carbonyl iron powder due to its increasing use in various industrial applications. Carbonyl iron powder is a pure form of iron that is produced by the thermal decomposition of iron pentacarbonyl. It finds application in diverse industries such as automotive, electronics, aerospace, and pharmaceuticals due to its unique properties such as high purity, high magnetic saturation, and excellent thermal stability.

The automotive industry is the largest consumer of high-purity carbonyl iron powder due to its use in various automotive parts such as brake linings, clutches, and bearings. The increasing demand for high-performance automotive parts is driving the growth of the high-purity carbonyl iron powder market in the Asia Pacific region.

The electronics industry is another major consumer of high-purity carbonyl iron powder due to its use in magnetic storage devices, sensors, and power electronics. The aerospace industry is also witnessing a surge in demand for high-purity carbonyl iron powder due to its use in aerospace components such as motors, generators, and actuators.

The pharmaceutical industry is also a significant consumer of high-purity carbonyl iron powder due to its use in iron supplements and other medicinal formulations. The increasing demand for iron supplements due to the prevalence of iron-deficiency anemia is driving the growth of the high-purity carbonyl iron powder market in the Asia Pacific region.



Report Includes

Research Scope/Taxonomy
Market Analysis by Grade:

  • Hard grade
  • Soft grade

Market Analysis by Purity:

  • 98%
  • 98-99%
  • >99%

Market Analysis by Application:

  • Diamond tool production
  • Metal injection molding
  • Conventional powder metallurgy
  • Electronic components
  • Microwave absorption
  • Nutritional supplement
  • Groundwater remediation
  • Others

Market Analysis by End Use Industry:

  • Automotive
  • Construction
  • Electronics
  • Pharmaceutical
  • Food and beverage
  • Others

Market analysis by Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle East & Africa
  • East Asia
  • South Asia & Pacific






Analyst Credentials

Key Companies Profiled

  • BASF SE
  • Jinchuan Group
  • Sintez-CIP Ltd.
  • Jiangsu Tianyi Ultra-Fine Metal powder Co.,Ltd
  • Shaanxi Xinghua Chemistry Co Ltd
  • Jiangxi Yuean Superfine Metal Co,.Ltd
  • Yuelong Superfine Metal Co, Ltd.
  • Reade International Corp
  • CNPC Powder
  • Jilin Jien Nickel Industry Co., Ltd
  • Stanford advanced materials

1.1. Global Market Snapshot

1.2. Key Success Factors

1.3. Strategic Analysis and Recommendations

2.1. Market Taxonomy

2.2. Market Definitions

3.1. Preliminary Investigation & Research Design

3.2. Secondary Research & Primary Research

3.3. Data Analysis & Econometric Modelling

3.4. Expert Data Validation

4.1. Supply-Side Trends

4.2. Demand-Side Trends

5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032

5.2. Incremental $ Opportunity Index, 2022-2032

5.3. Global Market Volume (Tons) Analysis, 2017 – 2032

6.1. Regional Level Pricing Analysis and Forecast

6.1.1. Manufacturers Level Pricing

6.1.2. Distributor Level Pricing

6.2. Global Pricing Analysis Benchmark

6.3. Cost Breakdown Analysis

7.1. Cross Analysis of Grade W.R.T. Grade

8.1. Regional Supply Vs. Demand Gap Assessment

8.2. Top Producing Countries Analysis

9.1. Macroeconomic Factors

9.2. Forecast Factors

9.3. Market Dynamics

9.3.1. Driver

9.3.2. Restraint

9.3.3. Opportunity

9.4. Supply Chain Analysis

9.4.1. List Raw Material Suppliers

9.4.2. List of Manufacturers

9.4.3. List of Distributors

9.4.4. List of End-Users

9.4.5. End-Users Consumption Analysis

9.4.6. Average Profitability Margin Analysis

9.5. Covid-19 Impact Assessment

9.5.1. Economy/Cluster Projections

9.5.2. Covid-19 Economic Assessment

9.5.3. Impact on Target Market

9.5.4. Recovery Scenario

9.6. Regulatory Framework

9.6.1. Regulations of Key Countries

9.6.2. Potential Impact of Regulations

9.7. Porter’s Five Forces Analysis

9.8. Technology Landscape

10.1. Introduction

10.2. Key Market Trends

10.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Grade [Value (US$ Mn) and Volume (Tons) Analysis]

10.3.1. Hard grade

10.3.2. Soft grade

10.4. Market Attractiveness Analysis by Grade

11.1. Introduction

11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Purity [Value (US$ Mn) and Volume (Tons) Analysis]

11.2.1. 98%

11.2.2. 98-99%

11.2.3. >99%

11.3. Market Attractiveness Analysis by Purity

12.1. Introduction

12.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]

12.2.1. Diamond tool production

12.2.2. Metal injection molding

12.2.3. Conventional powder metallurgy

12.2.4. Electronic components

12.2.5. Microwave absorption

12.2.6. Nutritional supplement

12.2.7. Groundwater remediation

12.2.8. Others

12.3. Market Attractiveness Analysis by Application

13.1. Introduction

13.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By End Use Industry [Value (US$ Mn) and Volume (Tons) Analysis]

13.2.1. Automotive

13.2.2. Construction

13.2.3. Electronics

13.2.4. Pharmaceutical

13.2.5. Food and beverage

13.2.6. Others

13.3. Market Attractiveness Analysis by End Use Industry

14.1. Introduction

14.2. Key Market Trends

14.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]

14.3.1. North America

14.3.2. Latin America

14.3.3. Europe

14.3.4. Asia-Pacific

14.3.5. Middle East

14.3.6. Africa

14.4. Market Attractiveness Analysis by Region

15.1. Introduction

15.2. Key Market Trends

15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

15.3.1. By Country

15.3.1.1. U.S.

15.3.1.2. Canada

15.3.2. By Grade

15.3.3. By Purity

15.3.4. By Application

15.3.5. By End Use Industry

15.4. Market Attractiveness Analysis

15.4.1. By Country

15.4.2. By Grade

15.4.3. By Purity

15.4.4. By Application

15.4.5. By End Use Industry

16.1. Introduction

16.2. Key Market Trends

16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

16.3.1. By Country

16.3.1.1. Brazil

16.3.1.2. Mexico

16.3.1.3. Rest of Latin America

16.3.2. By Grade

16.3.3. By Purity

16.3.4. By Application

16.3.5. By End Use Industry

16.4. Market Attractiveness Analysis

16.4.1. By Country

16.4.2. By Grade

16.4.3. By Purity

16.4.4. By Application

16.4.5. By End Use Industry

17.1. Introduction

17.2. Key Market Trends

17.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

17.3.1. By Country

17.3.1.1. Germany

17.3.1.2. Italy

17.3.1.3. France

17.3.1.4. UK

17.3.1.5. Spain

17.3.1.6. Netherlands

17.3.1.7. Norway

17.3.1.8. Russia

17.3.1.9. Rest of Europe

17.3.2. By Grade

17.3.3. By Purity

17.3.4. By Application

17.3.5. By End Use Industry

17.4. Market Attractiveness Analysis

17.4.1. By Country

17.4.2. By Grade

17.4.3. By Purity

17.4.4. By Application

17.4.5. By End Use Industry

18.1. Introduction

18.2. Key Market Trends

18.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

18.3.1. By Country

18.3.1.1. China

18.3.1.2. Japan

18.3.1.3. South Korea

18.3.1.4. India

18.3.1.5. Indonesia

18.3.1.6. Thailand

18.3.1.7. Vietnam

18.3.1.8. Australia & New Zealand

18.3.1.9. Rest of Asia-Pacific

18.3.2. By Grade

18.3.3. By Purity

18.3.4. By Application

18.3.5. By End Use Industry

18.4. Market Attractiveness Analysis

18.4.1. By Country

18.4.2. By Grade

18.4.3. By Purity

18.4.4. By Application

18.4.5. By End Use Industry

19.1. Introduction

19.2. Key Market Trends

19.3. Pricing Analysis

19.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

19.4.1. By Country

19.4.1.1. Saudi Arabia

19.4.1.2. Turkey

19.4.1.3. U.A.E.

19.4.1.4. Rest of the Middle East

19.4.2. By Grade

19.4.3. By Purity

19.4.4. By Application

19.4.5. By End Use Industry

19.5. Market Attractiveness Analysis

19.5.1. By Grade

19.5.2. By Purity

19.5.3. By Application

19.5.4. By End Use Industry

20.1. Introduction

20.2. Key Market Trends

20.3. Pricing Analysis

20.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

20.4.1. By Country

20.4.1.1. South Africa

20.4.1.2. Nigeria

20.4.1.3. Egypt

20.4.1.4. Rest of Africa

20.4.2. By Grade

20.4.3. By Purity

20.4.4. By Application

20.4.5. By End Use Industry

20.5. Market Attractiveness Analysis

20.5.1. By Country

20.5.2. By Grade

20.5.3. By Purity

20.5.4. By Application

20.5.5. By End Use Industry

21.1. Tier Structure Breakdown

21.2. Market Share Analysis

21.3. Production Capacity Analysis

21.4. Company Footprint Analysis

21.4.1. Product Footprint of Players

21.4.2. Regional Footprint of Players

21.4.3. Channel Footprint of Players

21.5. Brand Preference Analysis

21.6. Competition Dashboard

22.1. BASF SE.

22.1.1. Company Overview

22.1.2. Product & Financial Portfolio

22.1.3. Manufacturing Facilities

22.1.4. Recent Developments

22.1.5. SWOT Analysis

22.1.6. Strategy Overview

22.2. Jinchuan Group

22.3. Sintez-CIP Ltd.

22.4. Jiangsu Tianyi Ultra-Fine Metal powder Co.,Ltd

22.5. Shaanxi Xinghua Chemistry Co Ltd

22.6. Jiangxi Yuean Superfine Metal Co,.Ltd

22.7. Yuelong Superfine Metal Co, Ltd.

22.8. Reade International Corp

22.9. CNPC Powder

22.10. Jilin Jien Nickel Industry Co., Ltd

22.11. Stanford advanced materials