Electrolytic Iron Market
Electrolytic iron is defined as high purity iron that is produced by electrolysis of scrap steel in an aqueous solution of iron sulfate. The highest purity of iron makes it suitable for applications in various industries, such as electronic components, pharmaceuticals, cosmetics industry, and others.
Market Dynamics
The global electrolytic iron market growth is driven by increasing demand for electrolytic iron from the food industry, as it is used in iron nutritional supplements and for the treatment of nutritional deficiencies. Furthermore, the automotive industry requires electrolytic iron power for the manufacturing of automotive parts with complicated geometry. However, the growth of the market is expected to be hampered over the forecast period due to the natural process of oxidation of iron powder.
Electrolytic iron is witnessing huge demand across the globe, especially in Asia Pacific region. The increasing adoption of electrolytic iron by various end-use industries is further expected to drive growth of the market. The increasing disposable income of people within the region is also driving demand for automobiles, thereby fueling the growth of the electrolytic iron market. For instance, according to the Organization for Economic Cooperation and Development, disposable income in China increased to US$5,278.3 in 2017 from US$3,562.2 in 2020.
Key features of the study:
Detailed Segmentation
Table of Contents
* Browse 45 market data tables* and 30 figures* on "Electrolytic Iron Market” – global forecast to 2030
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