The global iron oxide pigment market was renocked US$ X.9 Bn and is expected to reach XX.2 Bn by 2027, at a CAGR of X.10% during a forecast period.
Global Iron Oxide Pigment Market
Iron oxides can be defined as chemical compounds composed of iron and oxygen. Act as durable pigment in coating, paints and colored concrete. Mainly available color includes red, orange, brown, yellow and black range. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. Development and growth in the construction, coating, paints and plastic industries will contribute to the growth in market size over 2027. From developing regions China has documented world’s largest iron oxide pigment manufacturing region, approximately XX% of market share in the year 2019 was registered by china market. The global iron oxide pigment market was renocked US$ X.9 Bn and is expected to reach XX.2 Bn by 2027, at a CAGR of X.10% during a forecast period. Globally, present manufacturing companies in the market is also expected to enlarge iron oxide production size over the forecast period in order to maximize its overall revenues. Cost of dyeing printing powder in the market is ~US$ 550/ ton. On the other hand, India has documented largest production than Spain and Germany for the natural iron oxide pigment, production count was recorded ~385,000 Metric tons.
Market Drivers and Restraints:
The growth of the iron oxide pigment market is driven by the factors like growth in construction projects are demanding efficient coating and painting materials expected to boost the market growth. Benefit of the product in concrete sector like cost-effective, stability of color, cement compatibility, weather resistance and generally high tinting strength is attracting the dealers to spend in the market will help their business to evolve in coming years. On the other hand, prevalence of variability in the product like natural and synthetic is another factor to drive the market demand as per client need in coming years.
Growth in end-users like rubber, plastic, cement color and availability of different color as par consumers need is projected to broaden the market demand and simultaneously will impact the market growth in order to maximize the market size by business growth. Eco – Friendly nature of synthetic red, yellow, orange, brown and black iron oxides are non-toxic and made from 60% post-industrial recycled content processed is helping the global iron oxide market to grow since long and expected to remains the same in coming years. Apart from this, new developments in the synthetic iron oxide pigment industry in recent years include granular forms of iron oxides and new versions of nano-sized materials, which being used utilised in the high-performance loud speakers and computer disk drives, and in medicine and biology, including nuclear magnetic resonance imaging expected to generate numerous opportunity for the market growth and employment across the globe.
Furthermore, fluctuation in the cost of raw materials and presence of substitutes in the market will hinder the market growth in coming years.
Iron Oxide Pigment Market Segment analysis:
By end-users’ segment, construction sector is expected to show constant growth during estimated year. Iron oxide pigment granules are an invaluable tool in the concrete and construction industry owing to the number of other beneficial characteristics includes reduced dust, improved flow ability, and reduced product loss. As the construction is growing will demand for corrosion free coting and painting for the end process, iron oxide pigment has been fulfilling this need from long and expected to contribute in the market growth for long run. The most widely used colour in the construction is industry is registered by red color for giving good and durable colour to the various construction materials like, paver blocks, plastic, PVC rubber and concrete mixture will highly demand for the global iron oxide pigment market, which is boosting the market growth and expected to show constant growth with XX% CAGR by 2027.
Iron Oxide Pigment Market Regional Analysis:
Regionally, Asia Pacific region expected to dominate the overall oxide pigment market growth in the coming years thanks to the growth and development in the construction sector with estimated XX % CAGR and have registered a market share growth by 40-50% which is huge as compare from last year. However, major pandemic covid-19 outbreak in the region will restraint the market growth. The market size was calculated XX Bn at an CAGR of X.25 in the year of 2019 and expected to show lucrative growth by 2027.
North America is expected to dominate the Iron oxide pigment market and is expected to grow at CAGR of XX % during the forecast period. Developed regions like U.S, and Canada are considered major contributors for the Iron oxide pigment market growth in the North America region. In 2019 market size was valued US$ XX Bn in while in U.S, market size was valued XX Bn and expected to increase by US$ XX Bn in coming years.
The objective of the report is to present a comprehensive analysis of the Global Iron Oxide Pigment Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Iron Oxide Pigment Market dynamics, structure by analysing the market segments and project the Global Iron Oxide Pigment Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Iron Oxide Pigment Market make the report investor’s guide.
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Scope of Iron Oxide Pigment Market
Global Iron Oxide Pigment market, By Type
Global Iron Oxide Pigment market, By Color
Global Iron Oxide Pigment market, By End-user
• Cosmetics and personal care
• Food and Beverages
• Painting & Coatings
Global Iron Oxide Pigment Market, By Region
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Iron Oxide Pigment Market,
• Jiangsu Yuxing Industry & Trade Co, Ltd
• E.I. Du Pont de Nemours and Company
• Hunan Three-ring Pigments Co, Ltd
• Kolorjet Chemicals Pvt Ltd
• Huntsman Corporation
• Kronos Worldwide
• Applied Minerals
• Cathay Industries
• Titan Kogyo, Ltd
• Heubach GmbH
• Tronox Ltd
• Lanxess AG
• BASF SE
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