Pune, India, July 2021, MRFR Press Release/Market Research Future has published a Half- Cooked Research Report on the Global Carbonyl Iron Powder Market.
The global carbonyl iron powder market is expected to grow at a healthy CAGR of over 3.80% by the end of the forecast period.
Carbonyl iron powder is a metal powder with high purity, high activity, and fine particle size. Low-pressure decomposition and thermal breakdown of metal carbonyl compounds are two techniques used for producing carbonyl iron powder formed in the reaction between carbon monoxide and metal. Typical applications of carbonyl iron powders include metal injection molding, magnetic cores, hard-metal binders, radar absorption materials, magneto-rheological fluids for shock/vibration damping, precision polishing, industrial diamond synthesis, and health supplements.
The iron content of carbonyl iron powder is greater than 97%, whereas carbon and nitrogen concentration is less than 1%. Impurities such as Fe2O3 and Fe3N can be found in carbonyl iron powder. Since the iron surface absorbs CO and NH3, iron powder has a high hardness and is called hard powder.
BASF SE, situated in Germany, is one of the leading producers of carbonyl iron powder across the globe. Due to its unique properties, BASF carbonyl iron powder is the optimum solution for many applications.
Furthermore, the European Inventory of Existing Commercial Substances (EINECS)regulatory standard of Europe and Occupational Safety and Health Administration (OSHA) Hazard communication standards is a large regulatory agency of the US, compiled some regulations that help manufacturers of carbonyl iron powder in their proper production and testing.
There are various American Society for Testing and Materials (ASTM) standards for the production and testing of material in high purity and ultra-high purity (up to 99.99999%) forms available in a wide range of grades. Carbonyl iron powder is also a high purity grade of iron powder consisting of a purity range of 98%, 99%, and above 99.5%.
Impact of Coronavirus Outbreak
The world has experienced unforeseen issues due to the COVID-19 pandemic in 2020, and the metal sector was no exception. Countries such as Japan, Vietnam, the US, and Italy struggle to strike a balance between COVID-19 impact and the opening of their economies. At the same time, several industrial manufacturing units worldwide face an extended period of uncertainty.
The pandemic negatively influenced the carbonyl metal powder market because many downstream users of electronics materials, aerospace and heavy equipment industries have witnessed a decline in demand. Some struggling companies may look to sell non-core assets, streamline operations, and reduce debt loads. In contrast, others with a strong balance sheet and access to capital are likely to make strategic acquisitions and further integrate their supply chains, resulting in increased merger & acquisition activity.
Even some small-scale manufacturing companies had to shut down their companies owing to the major loss in business. But, with the uplifting of bans and limitations, the market is anticipated to bounce back to normal by the second quarter of 2022.
Access full report @ https://www.marketresearchfuture.com/reports/carbonyl-iron-powder-market-10635
This segment is divided into inductive electronic components, microwaves and radar absorption, nutritional supplements, metal powder injection molding, etc.