Global Carbonyl Iron Powder Market By Product Type (Carbonyl Iron Powder, Atomized Ultra Fine Iron Powder, And Other Types), By Application (Powder Metallurgy, Electronics Industry, Diamond Tools, And Other Applications), And By Region – Global Forecast To 2029

Market.us announces publication of its most recently generated research report titled, “Global Carbonyl Iron Powder Market by Product Type (carbonyl iron powder, atomized ultra fine iron powder, and other types), By Application (powder metallurgy, electronics industry, diamond tools, military industry, food and drug industry, and other applications), and by Region – Global Forecast to 2029.”, which offers a holistic view of the global carbonyl iron powder market through systematic segmentation that covers every aspect of the target market.

The global carbonyl iron powder market is projected to be US$ 181.7 Mn in 2019 to reach US$ 272.0 Mn by 2029 at a CAGR of 4.1%.

Carbonyl iron powder (CIP) is a kind of metal powder that has high purity, high activity, and fine particle size. The powder is produced by either thermal decomposition of metal carbonyl compounds or by the low-pressure decomposition. For the thermal decomposition method, carbonyl compounds are distilled for high purity. Spherical layers get formed over the nucleus during the decomposition process. These Spherical layers develop a shell-like structure. The efficiency of the decomposition process determines properties such as particle size and purity, distribution of the final product, etc. CIP contains a specific amount of nitrogen. Carbonyl iron powder contains 97% of iron and less than 1% of carbon and nitrogen.  Due to its microstructure, CIP is a good absorber of microwave frequencies. CIP shows good magnetization behavior due to which, it is used in electronics and magnetorheological fluids. The thermal decomposition produces a wide range of coated and uncoated grades of carbonyl iron powder.

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The carbonyl iron powder market is expected to register a steady growth rate over the forecast period owing to its wide range of applications. CIP is used as an inductor core material in converters for power supply. It is also used for suppressing noise in filter chokes.  CIP has higher density and strength due to its unique fineness and homogeneity alongside outstanding compatibility. The metal powder is a perfectly suitable raw material for manufacturing high-quality diamond tools. CIP has a small average particle size of 3.5 microns that covers the microwave skin depth of 1 – 2 microns. This feature of CIP makes it suitable for using it as an insulating material for microwave absorption. CIP has an absorption capacity of 1GHz and higher and is easily compoundable.

Global Carbonyl Iron Powder Market Revenue (US$ Mn), 2019–2029 

Furthermore, it is compatible with most polymer matrices due to which it has a high demand for microwave and radar applications. The structure of hard CIP grades withholds eddy currents and retains the magnetic behavior steady in the GHz range. This leads to a sturdy interaction of powders with the magnetic field vector of microwaves. This makes CIP an exceptional absorber of microwave frequencies assisting technologies – from civil to military shielding applications. Therefore, increasing use of CIP in EMI shielding and radar applications is likely to fuel market growth in coming years.

Global automotive turbocharger market is segmented based on product type, application, and region. Based on product type, the market is segmented into carbonyl iron powder, atomized ultra fine iron powder, and other types. The atomized ultra fine iron powder segment is estimated to account for significant revenue share in the global market. On the basis of application, the market is segmented into powder metallurgy, electronics industry, diamond tools, military industry, food and drug industry, and other applications. The powder metallurgy segment accounts for the highest revenue in the global market.

Global Carbonyl Iron Powder Market Attractiveness Analysis by Product Type, 2013–2019

On the basis of region, the market is segmented into the USA, Europe, Japan, China, India, Southeast Asia, South America, South Africa, and Rest of World. The Europe market is estimated to account for the highest revenue share and is projected to dominate the carbonyl iron powder market in the near future, followed by the USA and China respectively. This is attributable to the increasing adoption of new techniques in various countries in these regions.

The research report on the global carbonyl iron powder market includes profiles of some of major companies such as BASF, Shaanxi Xinghua Chemistry Co., Ltd, Jinchuan Group International Resources Co. Ltd, CNPC POWDER, JFE Steel Corporation, Ji Lin Ji En Nickel Industry Co., Ltd, Sintez-CIP Ltd, Jiangxi Yuean Superfine Metal Co,.Ltd, Jiangyou Hebao Nanomaterial Co., Ltd., and Grinm Advanced Materials Co., Ltd.

Key Market Segments:

Type

• Carbonyl Iron Powder
• Atomized Ultra Fine Iron Powder

Application

• Powder Metallurgy
• Electronics Industry
• Diamond Tools
• Military Industry
• Food And Drug Industry

Key Market Players included in the report:

• BASF
• Shaanxi Xinghua Chemistry Co. Ltd.
• Jinchuan Group International Resources Co. Ltd
• CNPC POWDER
• JFE Steel Corporation
• Ji Lin Ji En Nickel Industry Co. Ltd.
• Sintez-CIP Ltd
• Jiangxi Yuean Superfine Metal Co,.Ltd
• Jiangyou Hebao Nanomaterial Co. Ltd.
• Grinm Advanced Materials Co. Ltd.

For the Carbonyl Iron Powder Market research study, the following years have been considered to estimate the market size: