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 the Global Iron Oxide Pigments Market

Excellent dispersibility, high thermal stability, light and chemical stability, UV absorption, and other such beneficial properties are propelling the demand for iron oxide pigments in the plastics industry.

However, political instability in oil-producing countries, such as Saudi Arabia and Iraq among other countries in the Middle East, has resulted in extreme fluctuations in product prices. Social unrest and consumer fears in Nigeria, Iraq, Venezuela, Iran, and Libya have also adversely affected the crude oil supply over the recent past.

The growing demand for nitrobenzene, a major raw material, in various applications, such as lubricating oils, drugs, synthetic rubber, pesticides, and dyes, is anticipated to fuel its price and, in turn, affect the production cost of iron oxide pigments over the forecast period.

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

  • Conductive Ink Market - The global conductive ink market size was valued at USD 2756.9 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.0 % from 2022 to 2030. Growth in the market can be attributed to several critical factors such as strong demand from the end-use industries. Possesses certain inherent advantages such as better electrical conductivity and strong resistance to oxidation. 

 

  • Coating Equipment Market - The global coating equipment market size was estimated at USD 16.6 billion in 2021 and is anticipated to expand at a compounded annual growth rate (CAGR) of 5.1% from 2022 to 2030. The growing demand for the product from various applications such as aerospace, automotive, and construction is expected to drive market growth over the forecast period. The coatings industry endured a serious slump as a result of the impact of the shutdown imposed to stop the spread of the coronavirus.

 

Iron Oxide Pigments Market Segmentation

Grand View Research has segmented the global iron oxide pigments market on the basis of product, color, application, and region:

 

  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)
    • Synthetic
    • Natural

 

  • Color Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)
    • Red
    • Yellow
    • Black
    • Blends

 

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)
    • Construction
    • Coatings
    • Plastics
    • Paper
    • Others

 

  • Regional Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies profiled:

Some prominent players in the global Iron Oxide Pigments market include

  • Huntsman International LLC
  • Venator Materials PLC
  • Applied Minerals, Inc.
  • CATHAY INDUSTRIES
  • Lanxess
  • BASF SE
  • KRONOS Worldwide, Inc.
  • Hunan Sanhuan Pigment Co., Ltd.
  • Titan Kogyo, Ltd. (Titanium Industry Co., Ltd.)

 

Order a free sample PDF of the Iron Oxide Pigments Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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