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Pulished Date April, 2021
ID: 8852
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Iron Oxide Pigments Market Research Report – By Type ( Natural, Synthetic), By Color ( Red, Black, Yellow, Others), By End-User (Coatings, Construction, Paper, Plastics, Textile, Others), By Region ((North America (U.S., Canada), Europe (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of EU), Asia Pacific (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC), Latin America (Brazil, Mexico, Argentina, Chile), Middle East and Africa (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)) - Global Industry Analysis on Size, Share, Trends, Growth, Demand & Forecast | 2021 - 2026

Pulished: April, 2021
ID: 8852
Pages: 100

Iron Oxide Pigments Market Size and Growth (2021 - 2026)

As per the research report published, the size of the Global Iron Oxide Pigments Market is Expected to grow with a CAGR of 4.3% during the forecast period 2021 - 2026.

Iron oxide pigments are long-lasting colored pigments used within various applications such as structures, industrial coatings, varnishes, paper, fertilizers, and plastics. These are non-toxic inorganic pigments with fairly inexpensive costs composed of iron oxides and oxyhydroxides.

Techniques for tinting and paint, iron oxide pigments play an important role as colorants extensively. The iron oxide pigments ' key end-user industry is the building market. Paints and coatings and plastics businesses follow this. Inks, ceramics, paper & pulp and rubbers are also used for other applications. There are different iron oxide pigment variations available on the market. The pigments are naturally produced in types of ores including magnetite, sienna, goethite, hematite, and umber. These can also be extracted synthetically by iron oxidation of organic compounds, iron salt precipitation, and iron compounds thermal deposition.

The application category for paint & coating is expected to see the fastest growth over the forecast period. The paint application requires iron oxide pigments to maximize coloring effects and to preserve the intensity of the paint film.

Drivers

Growing demand in the building, painting and plastics industries has urged manufacturers of iron oxide to increase their investment in this sector. The pigments have excellent properties such as hardness, durability, dispersibility, tint intensity and consistency, driving the market for iron oxide pigments in various industries.

Challenges   

However, factors such as exchange rate fluctuations and prices of raw materials are anticipated to limit the growth of the market during the forecast period.

Opportunities

The growing construction industry is expected to drive future growth over the next eight years in the Asia Pacific and the Middle East. It is predicted that favorable government regulations on environmentally friendly goods coupled with technological advances will have a positive impact on market growth.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Type, Color, End-user & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

BASF SE, Huntsman Corporation, Applied Minerals Inc., Cathay Industries, Lanxess AG, E. I. Du Pont De Nemours and Company, Kronos Worldwide, Inc., and Tronox Limited

 

This research report on the Global Iron Oxide Pigments Market has been segmented & sub-segmented into the following categories and evaluated market size & forecast for each segment until 2024.

Iron Oxide Pigments Market – By Type

  • Natural
  • Synthetic

Iron Oxide Pigments Market – By Color

  • Red
  • Black
  • Yellow
  • Others

In the color segmentation of the Iron Oxide Pigments Market, the Red Iron Oxide segment has ac-counted for the largest market share since sometimes now. The growth of this Red Iron Oxide Pigments segment is due to their superior properties like exceptional light and weather resistance, high coloring & hiding power, UV resistance, and excellent chemical properties, among others.

Iron Oxide Pigments Market – By End User

  • Coatings
  • Construction
  • Paper
  • Plastics
  • Textile
  • Others

Based on the End-Use Industry segmentation, the construction segment has acquired a significant share of the global business's revenue. Increased spending in residential and commercial construc-tions globally is one of the major factors for the growth of the segment. Also, the paints and coat-ings segment is expected to be the second-fastest-growing end-use industry because of the in-creasing demand in the construction and automobile industry.

Iron Oxide Pigments Market – By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The Asia Pacific is accounted for the largest iron oxide pigments market. Product advances and new research & development projects, as well as the growing demand from the construction and coating industries for iron oxide pigments, have fuelled the growth of the Asia-Pacific iron oxide pigment market. It is projected that the market in this area will expand at the highest CAGR.

Inorganic pigment producers in Europe in the Asia-Pacific region are extending their market. Additional factors driving the expansion of the iron oxide pigments market in this region are rising demand from end-users and investments made in the construction sector.

North America is another notable market due to increasing demand from major end-use industries such as construction, pharmaceutical, packaging, cosmetics, and personal care. Furthermore, the rising healthcare industry, combined with the growing geriatric population, is fuelling market growth with increasing spending on healthcare.

Due to declining construction activities, the Middle East & Africa's iron oxide pigment industry is expected to grow at a significant rate due to increased construction projects in Nigeria, Saudi Arabia, and Qatar in particular.

Top Market Companies dominating the Global Iron Oxide Pigments Market Profiled in the Report are BASF SE, Huntsman Corporation, Applied Minerals Inc., Cathay Industries, Lanxess AG, E. I. Du Pont De Nemours and Company, Kronos Worldwide, Inc., and Tronox Limited

 

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of raw materials, by application, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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