Market Overview:
The global high purity iron market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for high purity iron from various applications such as special alloys, electronic components, high-performance magnets, and research among others. In addition, the growing demand for electric vehicles is also anticipated to fuel the growth of the global high purity iron market during the forecast period. However, fluctuations in prices of raw materials used in manufacturing process may hamper the growth of this market over the forecast period.
Product Definition:
high purity iron is a type of iron that has been purified to remove all impurities. this type of iron is important for many applications, including the manufacturing of medical devices and pharmaceuticals.
High Purity Iron Billets:
High Purity Iron (HPI) is a special type of iron that has been purified to remove any trace of carbon. It also has higher carbon content than regular iron, which makes it less likely to rust and more suitable for high-temperature applications.
The global High Purity Iron market size was valued at USD 1.91 billion in 2016.
Electrolytic Iron:
Electrolytic iron is produced by passing an electric current through molten metal to decompose the oxides present on its surface. The process does not involve any chemical reaction and hence it can be used as a substitute for smelting or thermal treatment of iron ores. It also has the benefit of being less expensive than other processes, which makes it suitable for small scale manufacturers in developing countries such as India, Bangladesh and China.
Application Insights:
Electronic components was the largest application segment in 2017 and is projected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for high purity iron from various electronic component manufacturers across the globe. Electronic components such as resistors, capacitors, and inductors are manufactured using various materials including metals, alloys, polymers and ceramics but most of them use pure iron or steel as a base material which requires high purity iron or steel products for manufacturing these electronic components.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and accounted for over 40% of the global revenue share. The region is expected to witness significant growth in terms of both volume and revenue, on account of rising product demand from various end-use industries, such as automotive, electronics, aerospace & defense. China is projected to remain a key consumer owing to its large steel production base along with growing magnet production capacity.
The European market also held a substantial share in terms of volume due to high purity iron's use across several sectors including energy storage devices (batteries), solar panels, wind turbines among others.
North America witnessed sluggish growth rates during 2017 mainly due to political uncertainty post U.S.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing urbanization and industrialization in developing countries
- Rising disposable income of consumers in developing countries
- Technological advancements that improve the quality and purity of iron ore
- Stringent environmental regulations to reduce emissions from steel production
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Iron Market Research Report
By Type
High Purity Iron Billets, Electrolytic Iron
By Application
Special Alloys, Electronic Components, High-performance Magnets, Research and Others
By Companies
TOHO Zinc, ESPI, Industrial Metal Powders India Pvt.Ltd, Allied Metals, Shanghai Zhiyue, Zhongnuo Xincai, Shanghai Pantian, Tritrust Industrial
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Iron Market Report Segments:
The global High Purity Iron market is segmented on the basis of:
Types
High Purity Iron Billets, Electrolytic Iron
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Special Alloys, Electronic Components, High-performance Magnets, Research and Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TOHO Zinc
- ESPI
- Industrial Metal Powders India Pvt.Ltd
- Allied Metals
- Shanghai Zhiyue
- Zhongnuo Xincai
- Shanghai Pantian
- Tritrust Industrial
Highlights of The High Purity Iron Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Purity Iron Billets
- Electrolytic Iron
- By Application:
- Special Alloys
- Electronic Components
- High-performance Magnets
- Research and Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Purity Iron Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High purity iron is a type of iron that has been refined to have a higher than average concentration of elemental iron. This makes it more effective and efficient when used in manufacturing, as it allows for products to be produced with less material overall.
Some of the major players in the high purity iron market are TOHO Zinc, ESPI, Industrial Metal Powders India Pvt.Ltd, Allied Metals, Shanghai Zhiyue, Zhongnuo Xincai, Shanghai Pantian, Tritrust Industrial.
The high purity iron market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Purity Iron Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High Purity Iron Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Purity Iron Market - Supply Chain
4.5. Global High Purity Iron Market Forecast
4.5.1. High Purity Iron Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Purity Iron Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Purity Iron Market Absolute $ Opportunity
5. Global High Purity Iron Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High Purity Iron Market Size and Volume Forecast by Type
5.3.1. High Purity Iron Billets
5.3.2. Electrolytic Iron
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Purity Iron Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High Purity Iron Market Size and Volume Forecast by Application
6.3.1. Special Alloys
6.3.2. Electronic Components
6.3.3. High-performance Magnets
6.3.4. Research and Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Purity Iron Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High Purity Iron Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High Purity Iron Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High Purity Iron Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High Purity Iron Demand Share Forecast, 2019-2026
9. North America High Purity Iron Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High Purity Iron Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High Purity Iron Market Size and Volume Forecast by Application
9.4.1. Special Alloys
9.4.2. Electronic Components
9.4.3. High-performance Magnets
9.4.4. Research and Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Purity Iron Market Size and Volume Forecast by Type
9.7.1. High Purity Iron Billets
9.7.2. Electrolytic Iron
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High Purity Iron Demand Share Forecast, 2019-2026
10. Latin America High Purity Iron Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High Purity Iron Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High Purity Iron Market Size and Volume Forecast by Application
10.4.1. Special Alloys
10.4.2. Electronic Components
10.4.3. High-performance Magnets
10.4.4. Research and Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Purity Iron Market Size and Volume Forecast by Type
10.7.1. High Purity Iron Billets
10.7.2. Electrolytic Iron
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High Purity Iron Demand Share Forecast, 2019-2026
11. Europe High Purity Iron Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High Purity Iron Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High Purity Iron Market Size and Volume Forecast by Application
11.4.1. Special Alloys
11.4.2. Electronic Components
11.4.3. High-performance Magnets
11.4.4. Research and Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Purity Iron Market Size and Volume Forecast by Type
11.7.1. High Purity Iron Billets
11.7.2. Electrolytic Iron
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projecions by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High Purity Iron Demand Share, 2019-2026
12. Asia Pacific High Purity Iron Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High Purity Iron Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High Purity Iron Market Size and Volume Forecast by Application
12.4.1. Special Alloys
12.4.2. Electronic Components
12.4.3. High-performance Magnets
12.4.4. Research and Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Purity Iron Market Size and Volume Forecast by Type
12.7.1. High Purity Iron Billets
12.7.2. Electrolytic Iron
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High Purity Iron Demand Share, 2019-2026
13. Middle East & Africa High Purity Iron Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High Purity Iron Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High Purity Iron Market Size and Volume Forecast by Application
13.4.1. Special Alloys
13.4.2. Electronic Components
13.4.3. High-performance Magnets
13.4.4. Research and Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Purity Iron Market Size and Volume Forecast by Type
13.7.1. High Purity Iron Billets
13.7.2. Electrolytic Iron
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High Purity Iron Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High Purity Iron Market: Market Share Analysis
14.2. High Purity Iron Distributors and Customers
14.3. High Purity Iron Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. TOHO Zinc
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ESPI
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Industrial Metal Powders India Pvt.Ltd
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Allied Metals
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Shanghai Zhiyue
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Zhongnuo Xincai
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shanghai Pantian
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tritrust Industrial
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook