Iron Oxide Pigments Market: Extensive Use in Concrete Building Materials to Catalyze Growth By 2024

The extensive demand for pigments for a variety of coloring applications in the construction and paints and coatings industries is driving the growth of the iron oxide pigments market. The rapid growth of the building and construction industry in several developing nations is expected to pave way for the constant evolution of the market. In a report by Transparency Market Research (TMR), titled “Iron Oxide Pigments Market - Global Industry Analysis, Size, Share, Trends, Growth, and Forecast 2016–2024”, the burgeoning application of pigments as colorants in concrete building materials is a key factor projected to accentuate the market over the forecast period.

The research provides a comprehensive insight into the key market dynamics, recent developments in manufacturing processes, major technological advancements in production processes, emerging applications, and share and size of key segments. The study highlights recent product launches by manufacturers in major regions and evaluates their impact on the competitive dynamics. The rising popularity of concrete roofing tiles, colored precast products, pavers, and other colored concrete materials among architects, builders, and home-owners is anticipated to boost the iron oxide pigments market world over.

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The substantial use of organic pigments in the automotive industry and in a number of industrial sectors is anticipated to accentuate the iron oxide pigments market. In addition, the rising use of synthetic and natural iron oxide pigments in coloring applications for paper and pulp, ceramics, abrasives, surface finishing, rubber, and ceramics is expected to boost the market. Furthermore, the soaring popularity of colored plastics has translated into the surging demand for iron oxide pigments to meet the tall demands for coloration. This is attributed to the extensive use of pigments in coloring engineering plastics since they meet various exacting technical requirements.

Recent advancements in production methods have led to the advent of advanced iron oxide pigments that can withstand adverse climate conditions, are heat-stable, and possess superior properties when used in coloring concrete. This is expected to bolster the use of iron oxide pigments in the building and construction industry. For instance, black iron oxide pigments find wide uses in the industry.

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Geographically, Asia Pacific is a prominent market for iron oxide pigments. The substantial uptake of these colorants is fueled by the rapid growth of the paints and coatings industry in countries such as China, India, South Korea and various ASEAN member nations. Europe is another prominent regional market expected to witness substantial for iron oxide pigments. This is attributed to numerous specialized coloring applications in paints and coating industry, especially in various parts of Western Europe. Meanwhile the Middle East and Africa market for iron oxide pigments is expected to provide lucrative growth avenues to manufacturers in the coming years.

The iron oxide pigments market is fairly consolidated, except in parts of Asia Pacific. Some of the prominent players operating in this market are Huntsman Corporation, Tata Pigments Limited, CATHAY INDUSTRIES, Lanxess Aktiengesellschaft, Clariant, and BASF SE.

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