Carbonyl Iron Powder Prices Overview
In the fourth quarter of 2023, the price of Carbonyl Iron Powder in US reached 25.91 USD/Kg. In December 2023, the price in China was 19 USD/Kg. Meanwhile, in India, the price for q4 2023 stood at 22.05 USD/Kg.
Global Carbonyl Iron Powder import (Kilo tons)
|
Region |
2018 |
2023 |
|
North America |
1.60 |
2.09 |
|
Europe |
1.22 |
1.63 |
|
Asia pacific |
1.06 |
1.44 |
|
Middle east |
0.23 |
0.21 |
Global Carbonyl Iron Powder export (Kilo tons)
|
Region |
2018 |
2023 |
|
North America |
1.12 |
1.50 |
|
Europe |
0.87 |
1.19 |
|
Asia pacific |
2.10 |
2.46 |
|
Middle east |
0.16 |
0.21 |
Carbonyl Iron Powder Price Trend, Market analysis, and News
Credence research’s newly published report, “Carbonyl Iron Powder pricing report 2024: price trend, chart, news, demand, historical and forecast data,” provides a comprehensive analysis of Carbonyl Iron Powder pricing, focusing on global and regional market trends and the key factors driving these price movements. The report includes an in-depth review of the spot price of Carbonyl Iron Powder at major ports, with a detailed breakdown of prices including ex works, fob, and cif. It also offers a region-wise analysis of Carbonyl Iron Powder price trends across North America, Europe, Asia pacific, Latin America, and the Middle East and Africa.
The report delves into the elements influencing Carbonyl Iron Powder price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it incorporates the latest news, offering stakeholders up-to-date information on market shifts, regulatory changes, and technological advancements. This comprehensive overview aids in strategic decision-making and forecasting, providing valuable insights for stakeholders in the Carbonyl Iron Powder.
Carbonyl Iron Powder Market Analysis
The global Carbonyl Iron Powder volume reached 15.38 Kilo tons in 2023. By 2032, Credence Research expects the market to reach 21.94 Kilo tons, at a projected CAGR of 3.95% during 2023-2032.
Carbonyl Iron Powder finds extensive use in the production of soft magnetic materials, metal injection molding (MIM), and as a catalyst in chemical reactions. Its unique properties, such as high purity and small particle size, make it ideal for precision components in the automotive, electronics, and pharmaceutical industries.
One of the key drivers of the CIP market is the growing demand for lightweight and high-strength materials in the automotive and aerospace industries. The use of CIP in the production of magnetic cores and electromagnetic shielding materials is also contributing to the market’s growth, driven by the expanding electronics and telecommunications sectors.
Continuous technological advancements in the production of Carbonyl Iron Powder have led to the development of ultra-fine powders with enhanced magnetic properties.
The market is witnessing a shift towards the adoption of CIP in additive manufacturing (3D printing) due to its fine particle size and high purity, which are essential for producing intricate and high-precision components.
The Asia Pacific region is emerging as a significant market for Carbonyl Iron Powder, supported by rapid industrialization and the growing automotive and electronics industries in countries like China and India. Europe and North America also hold substantial market shares, driven by strong demand from the automotive and aerospace sectors.
Carbonyl Iron Powder News
The report comprehensively covers the latest developments, updates, and trends affecting the global Carbonyl Iron Powder industry, offering stakeholders timely and pertinent information. This section includes a broad spectrum of news items, such as the inauguration of new production facilities, advancements in Carbonyl Iron Powder production technologies, strategic expansions by key industry players, and significant mergers and acquisitions that influence Carbonyl Iron Powder price trends.
Recent developments in the Carbonyl Iron Powder industry:
April 2023: Höganäs AB became the first company in the metal powder industry to receive Science Based Targets initiative (SBTi) approval for its near and long-term science-based emissions reduction target
August 2024: Merck KGaA has been focusing on the development of Carbonyl Iron Powder for various applications, including electronics and medical equipment, due to its high purity and fine particle size
January 2022: Jiangxi Yuean Advanced Materials Co., Ltd. began construction of a new Carbonyl Iron Powder production line with a capacity of 6,000 metric tonnes per year, expected to be online by the end of 2022
Product Description
Carbonyl Iron Powder (CIP) is a highly pure form of iron, produced through the thermal decomposition of iron pentacarbonyl. This process yields fine, spherical iron particles with a high degree of purity, typically above 99%, and a controlled particle size distribution, making CIP ideal for applications requiring precision and consistency. The fine, spherical nature of the particles allows for excellent compressibility and sinterability, which are essential characteristics in various manufacturing processes.
CIP is widely used in the production of soft magnetic materials, where its high purity and small particle size contribute to superior magnetic properties. These materials are crucial in the manufacturing of components like inductors, transformers, and electromagnetic interference (EMI) shielding materials, which are used extensively in the electronics and telecommunications industries. Additionally, CIP plays a significant role in metal injection molding (MIM), a process that produces complex, high-strength metal components used in the automotive, aerospace, and medical device industries. Furthermore, CIP serves as a catalyst in chemical reactions, particularly in the production of fine chemicals and pharmaceuticals, where its high surface area and purity ensure efficient and consistent reactions. Overall, Carbonyl Iron Powder is a versatile material with critical applications across multiple high-tech industries.
Regional Coverage
In Europe, acetic acid prices saw significant upward pressure during Q4 2024, driven primarily by rising energy costs and supply chain disruptions. The region’s reliance on natural gas for chemical production made it particularly vulnerable to price hikes following geopolitical tensions that disrupted gas supplies. Additionally, a tightening of environmental regulations led to increased operational costs for acetic acid producers, further contributing to price escalations. Supply constraints were exacerbated by unplanned maintenance shutdowns at major production facilities, limiting availability and pushing prices higher.
North America also experienced an increase in acetic acid prices, but the drivers were somewhat different from those in Europe. The region’s prices were influenced by a combination of robust demand from the automotive and packaging industries and limited production capacity expansions. Supply constraints were noted due to delays in planned capacity additions, which were hindered by regulatory hurdles and labor shortages. Additionally, transportation costs surged as a result of increased fuel prices and logistical challenges, contributing to the overall price rise in the region.
In the Asia Pacific region, acetic acid prices were driven up by strong demand from the textile and packaging industries, particularly in China and India. The region faced supply constraints due to ongoing environmental crackdowns on chemical plants, especially in China, leading to reduced operating rates at several facilities. Additionally, the rising cost of raw materials, coupled with fluctuations in the currency exchange rates, further pressured prices. The region’s heavy reliance on imported acetic acid also exposed it to global market fluctuations, compounding the impact on prices.
The Middle East saw a moderate increase in acetic acid prices during Q4 2024, primarily due to supply-side issues. The region’s production was affected by technical challenges at key facilities, leading to reduced output. Additionally, the rising cost of petrochemical feedstocks, driven by global crude oil price volatility, contributed to the increase in acetic acid prices. Despite the region’s proximity to major oil reserves, the dependence on imported raw materials for acetic acid production created additional cost pressures, impacting the overall pricing dynamics.
Global Carbonyl Iron Powder Import and Export Data Analysis
In terms of global Carbonyl Iron Powder imports, the data from 2018 to 2023 shows a noticeable increase in demand across most regions. North America saw an increase in imports from 1.60 kilotons in 2018 to 2.09 kilotons in 2023, reflecting growing demand in sectors like automotive and electronics. Europe also experienced a rise, with imports increasing from 1.22 kilotons in 2018 to 1.63 kilotons in 2023, driven by the region’s advanced manufacturing industries. The Asia Pacific region, the largest manufacturing hub, showed a similar trend, with imports rising from 1.06 kilotons in 2018 to 1.44 kilotons in 2023, indicating strong demand in countries like China and India. Interestingly, the Middle East saw a slight decline in imports from 0.23 kilotons in 2018 to 0.21 kilotons in 2023, possibly due to increasing local production capabilities.
On the export side, North America increased its exports of Carbonyl Iron Powder from 1.12 kilotons in 2018 to 1.50 kilotons in 2023, supported by advancements in production technology and capacity expansion. Europe followed a similar trend, with exports rising from 0.87 kilotons in 2018 to 1.19 kilotons in 2023, driven by the region’s focus on high-purity, specialized powders for industrial applications. The Asia Pacific region, the largest exporter, continued to dominate the global market, with exports increasing from 2.10 kilotons in 2018 to 2.46 kilotons in 2023, underscoring the region’s position as a key supplier to global industries. In contrast, the Middle East showed modest growth in exports, increasing from 0.16 kilotons in 2018 to 0.21 kilotons in 2023, reflecting gradual improvements in local manufacturing and export-oriented strategies.
Sustainability analysis including environmental impact and eco-friendly alternatives and regulations
The production of Carbonyl Iron Powder (CIP) involves the thermal decomposition of iron pentacarbonyl, a process that raises several sustainability concerns. The primary environmental impact stems from the emission of carbon monoxide, a toxic gas that requires careful management to prevent harm to both workers and the environment. Additionally, the energy-intensive nature of the process contributes to a significant carbon footprint, especially in regions reliant on non-renewable energy sources.
To address these concerns, there is growing interest in developing eco-friendly alternatives and more sustainable production methods. Advances in recycling and the use of renewable energy sources for production are being explored to reduce the overall environmental impact. Some research is also focused on finding substitute materials or processes that offer similar properties to CIP but with a lower environmental footprint.
Regulations play a crucial role in guiding the industry toward sustainability. In regions like Europe and North America, stringent environmental regulations mandate the reduction of emissions and the implementation of cleaner technologies. These regulations are driving innovation and encouraging companies to adopt more sustainable practices in CIP production, aligning with global efforts to reduce industrial pollution and promote greener manufacturing processes.
Report Details
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Key attributes |
Details |
|
Product name |
Carbonyl Iron Powder |
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Report features |
Exploration of historical trends and market outlook |
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Currency/units |
Us$ (data can also be provided in local currency) or metric tons |
|
Region/countries covered |
The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, the Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hong Kong, Singapore, Australia, and New Zealand. Europe: Germany, France, the United Kingdom, Italy, Spain, Russia, Turkey, the Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, the Czech Republic, Portugal, and Greece. North America: the United States and Canada Latin America: Brazil, Mexico, Argentina, Colombia, Chile, Ecuador, and Peru Middle East and Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco note: the list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
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Information covered for key suppliers |
Company overview |
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Customization scope |
The report can be customized as per the requirements of the customer |
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Report price and purchase option |
Plan A: monthly updates; annual subscription Plan B: quarterly updates; annual subscription Plan C: biannually updated updates; annual subscription
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Post-sale analyst support |
360-degree analyst support after report delivery |
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Delivery format |
Pdf and excel through email (we can also provide the editable version of the report in ppt/word format on special request) |
Key benefits for stakeholders:
· Credence research’s report provides an in-depth analysis of Carbonyl Iron Powder pricing, including global and regional trends, spot prices at key ports, and detailed ex works, fob, and cif price breakdowns.
· The study explores factors influencing the Carbonyl Iron Powder price trend, such as raw material costs, supply-demand changes, geopolitical impacts, and industry developments, to offer valuable insights for informed decision-making.
· The competitive landscape review offers stakeholders essential insights into the latest market news, regulatory changes, and technological advancements, providing a comprehensive, strategic overview for forecasting and planning.
· Credence research offers various subscription options—monthly, quarterly, and biannual updates—enabling clients to stay updated with the latest market trends, ongoing developments, and extensive market insights. The Carbonyl Iron Powder price charts ensure our clients remain industry leaders.
