Description
Global Iron Oxide Pigments Market Research Report Forecast till 2027.pdf
Market Overview
The global Iron Oxide Pigments market is anticipated to exhibit a CAGR of 4.35% to surpass around USD 2,435.5 million by the end of 2027. The iron oxide is a mixture of ferrous oxides and its impurities like manganese, clay, or organics. The major growth driving factors of the global market is increased use of iron oxide pigments in construction application such as roof tiles, concrete, bricks, and blocks.
They impart pastel shades as opposed to some of the brighter and clean shades imparted by other colours. These are nontoxic, nonbleeding, weather-resistant, and lightfast. The growing industrialization and urbanization worldwide and growing public and private expansive use of investments and plastics and cosmetics industries are expected to propel the global market growth during the forecast period. However, the stringent regulations on mining activities and volatile raw material prices are expected to restrain the growth of the market. Furthermore, increasing adoption of iron oxide pigments in diverse applications such as petroleum industry, oil drilling rigs, hydrogen sulphide removal, and hydrogen gas production is likely to fuel the growth of the global iron oxide Pigments market in the coming future.
Market Segmentation
The global iron oxide Pigments market has been classified based on type, colour, end-use industry, and region.
In terms of type segment, the global iron oxide Pigments market has been bifurcated into natural and synthetic.
Based on colour, the global iron oxide Pigments market has been segmented into red, yellow, black, and others. The global iron oxide Pigments market in terms of end-use industry, has been classified into construction, paints & coatings, plastics, paper, pharmaceuticals, cosmetics and personal care, food & beverages, and others.
Regional Analysis
Geographically, the global iron oxide Pigments market has been spread across Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Asia-Pacific is likely to command the global Iron Oxide pigments market with a highest CAGR of around 6% during the review period owing to 45% of share in 2019. The regional market growth is attributed to the rising requirement for iron oxide pigments in various end use verticals and industrial growth in the region.
Europe is expected to register the second largest market followed by North America. The region has attained 25% of market share in 2019 owing to the existence of major end use industries such as construction, paints, and coatings, and plastics. North American Iron Oxide Pigments market is driven by the existence of advanced technologies and accounts for around 20% of the global share and is expected to register a CAGR of about3%.
Major Players
The major market players of the global Iron pigments market include global DIC Corporation (Japan), Cathay Industries (China), Hunan Sanhuan Pigment Co., Ltd. (China), Venator Materials PLC.(UK), Jiangsu Yuxing Industry & Trade Co. Ltd (China), LANXESS (Germany), Huntsman Corporation (Belgium), Heubach GmbH (Germany), Titan Kogyo, Ltd (Saudi Arabia), and Golchha Oxides Pvt Ltd (India)
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
