Iron Oxides And Hydroxides Market Explores New Growth Opportunities By 2025

Iron oxide is a natural chemical compound which is found in 5 % of the earth’s crust. Iron oxides and hydroxides are naturally occurring pigments ranging from yellow, red, black and brown colors. These pigments can also be produced synthetically in laboratory. Iron oxides and hydroxides are the outcome of various aqueous reactions under different pH and redox conditions. They absorb ultra violet radiations of the sun and possess an excellent hiding power which makes them ideal ingredient for paints. Hiding power is the ability of any substance to completely hide or cover the surface. These pigments are non-toxic, weather resistant and relatively inert. Iron oxide and hydroxides are paramagnetic materials unlike iron, which diversifies the scope of their applications.

This property makes them useful for removing arsenic from water and water resources. From the past few decades they are being widely used for various magnetic applications such as catalysis, ferrofluids, magnetic recording devices and magnetic refrigeration systems. Synthetic iron oxides and hydroxides pigments are stronger than the natural ones. The natural pigments contain impurities which reduce their efficiency that’s why synthetic pigments are preferred. Medicines prepared from combination of iron oxides and carbohydrates possess biopharmaceutical and physiochemical characteristics.

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There is increase in types of drugs manufactured for the treatment of anemia from iron oxides and hydroxides nanoparticles (INPs). The growth of iron oxides and hydroxides is fueled by the growing demand for paints due to infrastructure development across the globe. The growing demand for colored leather accessories and apparels is resulting in larger production of iron oxides and hydroxides especially of red and yellow. Iron oxide and hydroxide market is also driven by the demand of steel and steel products around the globe.

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The growth of iron oxide and hydroxide market is affected by its negative impacts on ecosystem and environment. Iron oxides and hydroxides bind with specific cells in the human body and cause damage. Nano toxicity, magnetic dangers, ecological imbalance are the restraining forces which affect the growth of iron oxides and hydroxides market.
The iron oxide and hydroxide nanoparticles are used to purify water by removing heavy metal particles from the water. With the advancement in the branch of nano medicine, nanoparticles of iron oxides and hydroxides are being widely used for critical treatments.
Transparent iron oxides and hydroxides pigments are used for coating automotive mirrors and glasses, these provides enhanced transparency which accentuates coating effects. Color concept solutions for architects, manufacture of anticorrosive pigments are the trending applications of iron oxides and hydroxides market.

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