Global High Purity Iron Powder Market supply-demand continues to be impacted by broader developments in the chemicals sector. The new High Purity Iron Powder Market research report outlines the key factors that will impact production, supply, and demand during the assessment period 2018 to 20271
The study tracks High Purity Iron Powder Market demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyses the impact of COVID-19 on chemicals industry in general and High Purity Iron Powder Market in particular 2018 to 2027
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How will High Purity Iron Powder Market Sales Grow in 2021 and Beyond
The High Purity Iron Powder Market industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.
Overall, demand for High Purity Iron Powder Market will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
Persistent Demand from End-Users and Manufacturers’ Focus on Quality Delivery in Global HPI Powder Market
High purity iron (HPI) powder is highly sought after in an array of industries including metallurgy, food and beverage, food packaging, electronics and pharmaceuticals. Different grades of high purity iron (HPI) powder include 99.9, 99.99%, and 99.999%.
According to method of production iron powder is broadly classified into reduced iron powder, atomized iron powder and others.
These different grades of iron powders find applications in metallurgy industry to manufacture high-density structural parts, magnetic alloys, food packaging, food ingredient, pharmaceutical industry, coated welding electrodes, and to remove sulfur impurity from gasified fuels.
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Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.
Steady Demand for Soft Magnetic Materials to Bolster the Demand
In soft magnetic applications, high purity iron powder is specifically used in ignition system components, electric motor components, solenoids, and inductors. The automotive industry is undergoing rapid electrification.
And demand for electrical operating systems and electric power devices has increased as they are indispensable components of EVs and hybrid electric vehicles (hEVs).
Electromagnetic coils found in motors and transformers contain an iron core and a copper winding. Manufacturers are focusing on developing soft magnetic iron powder that can deliver higher AC magnetic qualities.
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Increased Iron Supplement Prescriptions to Boost Demand in Pharma Industry
With the aim to address global health concern of iron deficiency, high purity iron powder are used in biotechnology as well as pharmaceutical industry for the preparation of iron salts as well as iron supplement drugs.
Infant formulas and other nutritional supplement medicines are highly prescribed by medical professionals.
Competitive Landscape :-
Key Companies in the global high purity iron market include Höganäs, Rio Tinto Metal Powders, Laiwu Iron & Steel Group, Kobelco Construction Equipment India Pvt. Ltd., Jiande Yitong Metal Powder Co., Ltd., JFE Steel Corporation, Pometon Powder, BaZhou HongSheng, Wuhan Iron & Steel Group Corp., Anshan Iron & Steel Group Corp., and Masteel UK Limited among others.
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Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
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