Los Angeles, January 2, 2020 - QY Research has presented an in-depth analysis of global electrolytic iron market in its latest research report, titled, “Global Electrolytic Iron Market Professional Survey Report 2019”. The report gives a brief overview of the market dynamics. As per the analysis, the electrolytic iron market was estimated to be at US$31.38 mn in 2018. QY Research predicts the electrolytic iron market will rise at CAGR of 4.49% during 2019-2025, reaching US$42.73 mn by the end of 2025. Its increasing demand in different industries such as special alloys, electronic components, pharmaceuticals, nutritional industry, cosmetic and research fuel this growth.
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Electrolytic Iron Powder to Lead Market Growth due to its Versatility
Along with the construction and automobile industries, the demand for the electrolytic iron has also increased in industrial sectors. Electrolytic iron is considered to be the purest forms of metal. This purity of the iron is fitting to various industries worldwide. Other than this factor, the electrolytic iron also contains factors like friability and mesh size which can help built a product as per the industry requirement. All of these factors are expected to bode well for the electrolytic iron powder segment during the forecast period.
Different Industries that will Augment the Electrolytic Iron Market as the Demand Increases
During these past years, the demand for electrolytic iron has given a boost to food and nutrition industry along with pharmaceuticals and cosmetic industries. To improve the nutrition value and fight iron deficiency, the process of mixing electrolytic iron to raw, processed or semi processed food has become popular, as the purity of electrolytic iron is above 99%. As the food and nutrition industry grows, the demand for the electrolytic iron market is expected to hike too. Moreover, the alloy industry, electronic components industry, and research have also increased the demand and supply for the electrolytic market.
Competitive Landscape and the Key Players of Electrolytic Iron Market
The most dominant countries in electrolytic market is Japan and China majorly due to increase of the production in automotive and aircraft industry. The key players of this market are TOHO ZINC, Allied Metals, IMP-India, Zhongnuo Xincai, Beijing Youxinglian Nonferrous Metals, Shanghai Zhiyue, Shanghai Pantian and Tritrust Industrial. Amongst these players, TOHO Zinc is the leading the market in both market share as well as quality. This will significantly contribute to the Asia Pacific market in the future. Other regions including North America, Europe, Southeast Asia, and India will guarantee a steady growth in electrolytic market.
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