Electrolytic Iron Market

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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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Electrolytic iron is the purest form of iron and
consists of over 99 of iron content. It is
manufactured by using the electro deposition
process. This process is performed under
controlled conditions. This pure electrolytic
iron is used in various end-use applications
including the metallurgical applications, ,
metallic fillers, and friction materials among
others.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.
• 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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Market 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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Among Type, in 2019, the electrolytic iron powder
segment accounted for the largest market share of
82 in terms of value, followed by electrolytic
iron flakes segment.        

• 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.
• 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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