Press release
Iron Oxide Pigment Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Cathay Industries USA and Ferro Corporation are key players.
Key determinants contributing to the global market expansion for iron oxide pigments include the high demand from the construction industry. In addition, the growing demand for eco-friendly paints, coatings, varnishes, and ceramics materials is also positively contributing to the market prospects. Moreover, high demand from other industry verticals, such as food & beverage, electronics, and automotive, is anticipated to contribute to the growth of the global market during the analysis period.However, high and fluctuating prices of raw materials, availability of low-cost substitutes, and lack of knowledge, particularly in emerging economies, hinder the growth of the global market for iron oxide pigments during the analysis period.
According to the study, high demand from the building and construction industry is accelerating demand for iron oxide pigments over the forecast period.
Iron oxide pigments are economical, non-corrosive, and heavily colored chemical compounds used as an additive in various products such as varnishes, paintings, ceramics, electronics, etc. These pigments have an extended range of applications, including coatings, construction, plastics & masterbatches, vinyl, leather, and other specialty applications. These pigments are extremely resistant to weather, UV radiation, and heat. Iron oxide pigments are extensively used in the construction and building industry to color concrete, pavers, etc. Rising construction activities are expected to drive the demand for iron oxide pigments during the analysis period.
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The global market for iron oxide pigments is segmented into type, color, application, and geographical region.
Based on the type of pigment, the market is segmented into Synthetic and Natural. The synthetic segment is expected to hold a significant market share among the abovementioned ones. Synthetic iron oxide pigments are popular among manufacturers due to their low price and high stability. These pigments are resistant to weather, UV radiation, and heat, making them suitable for outdoor use such as coatings, paintings, etc.
The iron pigment market is found naturally in various colors, which include Red, Yellow, Black, and Others. However, the yellow color is the most abundant found pigment, naturally driving its demand.
On the basis of the type of application, the market classification has been done into Construction, Paints & Coatings, Plastics, Papers, and Others. Of all these types, the paintings and coatings segment is expected to hold a significant market share during the analysis period. This is because iron oxide pigments are added to paints and coatings to give them color and also provide UV resistance, & corrosion protection making them suitable for outdoor application. In addition, the growing demand for environmentally friendly and sustainable paints and varnishes is fueling the growth of this segment.
Out of all the geographical regions North American region is expected to hold a significant market share in the global iron oxide pigment market. The market in this region is expanding quickly because of a well-established construction industry in countries such as the USA and Canada. In addition, the rising construction of residential buildings and tall skyscrapers is also supporting the growth of the regional market during the analysis period. The North American iron oxide pigment market is also predicted to rise significantly due to the presence of prominent market players in the region. In addition, strict rules by regulatory bodies such as the EPA regarding using sustainable and eco-friendly paints also support regional market growth.
Asia Pacific's iron oxide pigment market's expansion is due to fast industrialization and increased infrastructure development investments in countries such as China, Japan, and India.
The major players covered in the global iron oxide pigments market are Venator Materials PLC., APPLIED MINERALS INC., LANXESS, Cathay Industries USA, BASF SE, Hunan Sanhuan Pigment Co., Ltd, KRONOS INTERNATIONAL, Inc., Titan Kogyo, Ltd., Solomon Colors, Inc., Ferro Corporation and Yipin Pigments USA.
This global iron oxide pigment has been analyzed into the following segments:
• By Type
o Synthetic
o Natural
• By Color
o Red
o Yellow
o Black
o Others
• By Application
o Construction
o Paint & Coatings
o Plastics
o Paper
o Others
• By Geography
o North America
• United States
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Others
o Europe
• United Kingdom
• Germany
• France
• Spain
• Others
o Middle East and Africa
• UAE
• Israel
• Saudi Arabia
• Others
o Asia Pacific
• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others
Explore More Reports:
• Plastic Pigments Market: https://www.knowledge-sourcing.com/report/plastic-pigments-market
• Paper Pigments Market: https://www.knowledge-sourcing.com/report/paper-pigments-market
• Organic Pigments Market: https://www.knowledge-sourcing.com/report/organic-pigments-market
Contact Us:
Knowledge Sourcing Intelligence
Phone: +1-850-250-1698
E-Mail:info@knowledge-sourcing.com
Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.
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