Electrolytic Iron Market | Coherent Market Insights

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ELECTROLYTIC IRON MARKET ANALYSIS

• Electrolytic Iron Market, By Type
  (Electrolytic Iron Powder, Electrolytic Iron
  Flakes), By Purity (High purity, Low Purity), By
  Application (?l??tr?n?? ??m??n?nt?, ??????l
  ?ll???, Pharmaceuticals, Nutritional Industry,
  Cosmetics, ?th?r?), and By Region (North America,
  Latin America, Europe, Asia Pacific, Middle East
  Africa) - Size, Share, Outlook, and Opportunity
  Analysis, 2020 - 2027

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The global electrolytic iron market is projected
to reach around US 52.4 Million by the end
of 2027, in terms of revenue, exhibiting a CAGR
of 4.6 during the forecast period (2020-2027).

• Drivers
• The growth of global electrolytic iron market
  is majorly driven by increasing demand for
  powdered electrolytic iron. The powdered form of
  electrolytic iron is extensively used in
  manufacturing of sintered components, brazing,
  friction products, soft magnetic components, iron
  fortification, welding, printing, surface
  coating, and polymer filtrations. The pure form
  of iron metal is highly chemically reactive, and
  corrodes in moist air and at elevated
  temperatures.

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• Furthermore, North America region is driving
• the global market growth, owing to
  increasing
• demand for electrolytic iron powder from
  major market players of the automotive industry
  in the region. The major players of the
  automotive industry are focused on ensuring
  environmental conservation by use of lightweight
  materials, which is expected to drive growth of
  the market. For instance, according to the U.S.
  Department of Energy, using lightweight materials
  in just one quarter of the U.S. vehicle fleet
  will result in fuel savings of up to 5 billion
  gallons by 2030. Also, a 10 reduction in weight
  of the vehicle can account for 6-8 fuel economy
  improvement. 
• Among region, Asia Pacific held dominant position
  in the global electrolytic iron market in 2019,
  accounting for 43.8 share in terms of value.

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Figure 1. Global Electrolytic Iron Market
Revenue Share (), By Region, 2018

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Restraints

• The production cost of electrolytic iron is
  relatively high and is expected to hinder the
  market growth. Moreover, production of
  electrolytic iron requires high labor and is an
  energy-intensive process, which is further
  expected to hamper the market growth over the
  forecast period.

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Figure 2. Global Electrolytic Iron Market
Opportunity Analysis
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Market Opportunities

• The market is expected to witness
  significant growth opportunities over the
  forecast period, owing to increasing demand for
  electrolytic iron from the nutrition industry.
  Iron is considered as an important element for
  blood production in human body. The average human
  body consists of approximately 4 grams of iron
  and is found with hemoglobin, which is a
  respiratory pigment providing the mechanism of
  oxygen transportation in the red blood cells. For
  dealing with iron deficiencies in the human body,
  iron nutrition supplements are highly in demand,
  which are manufactured using pure iron available
  in the form of electrolytic iron powder.

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Figure 3. Global Electrolytic Iron Market
Revenue Share (), By Type, 2019
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Electrolytic Iron Market - Impact of Coronavirus
(Covid-19) Pandemic

• The global iron industry is largely impacted by
  COVID-19 pandemic and the situation is expected
  to prevail in the global economy until the virus
  stops spreading. The electrolytic iron mines were
  forcefully shut in numerous countries such as
  South Africa, Canada, India and Peru. Also, the
  production was impacted due to seasonal weather
  changes in countries such as Australia and
  Brazil. Therefore, it can be said that the
  electrolytic iron market was negatively impacted
  by the covid-19 pandemic.

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Competitive Section

• Key players operating in the global electrolytic
  iron market include Beijing GaoYe Technology Co.,
  Ltd., Blyth Metals Ltd., Dr. Fritsch, Hoganas
  High Alloys LLC, Industrial Metal Powders Pvt.
  Ltd., JFE Steel Corporation, NetShape Nutrition
  Pvt. Ltd., OMG Americas, Inc., Shanghai Zhiye
  Industry Co., Ltd., and Toho Zinc Co., Ltd.

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