Iron Oxide Pigments Market Is Expected To Drive The Demand Over The Forecast Period
Iron Oxide Pigments Industry Overview The global iron oxide pigments market size was valued at USD 2.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2021 to 2028. The rapidly growing construction industry across emerging nations is expected to be the key growth factor for the market over the forecast period. Moreover, the growing utilization of iron oxide pigments in the coating industry owing to their excellent dispersibility and high strength, which make them suitable for use in different types of paints and coatings under extreme atmospheric and weather conditions, is expected to propel the market growth over the forecast period. Iron oxide pigments are widely used in various plastic products, including auto parts, fenders, soda bottles, food packaging, toys, and vinyl sidings. Iron oxide pigments are used as colorants in the aforementioned products. Gather more insights about the market drivers, restrains and growth of t...