02-Sep-2022 | Facts and Factors
According to Facts and Factors, the iron oxide pigments market size was worth USD 2,319.40 million in 2021 and is estimated to grow to USD 3,020.46 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.50% over the forecast period. The report analyzes the iron oxide pigments market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the iron oxide pigments market.
The most prevalent chemical compounds that contain iron (Fe) and oxides are iron oxides; these compounds are mostly utilized in iron catalysts, pigments, ore, etc. Both natural and artificial processes can be used to produce iron oxides. In contrast to natural iron oxide, synthetic iron oxide is produced chemically using processes like the aniline process, thermal breakdown of iron salts, and precipitation of iron salts through oxidation. Hematite (Fe2O3), a red iron oxide mineral, and magnetite (Fe3O4), a black iron oxide mineral, are the sources of natural iron oxide.
Browse the full “Iron Oxide Pigments Market Size, Share, Growth Analysis Report By Color (Red, Yellow, Black, Others), By End-User (Construction, Coatings, Plastics, Paper, Others), By Type (Synthetic, Natural), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/iron-oxide-pigments-market
The increased demand for iron oxide pigment across various applications is anticipated to accelerate the expansion of the iron oxide pigment market. The need for iron oxide pigment is anticipated to increase due to the main factors, including their high strength and stability and their popularity over natural iron oxide pigments. They are utilized in paints, coatings, polymers, and construction materials in addition to their resistance to ultraviolet light and capacity to survive various meteorological conditions. Mostly, paints and coatings for the marine, construction, automotive, and aerospace industries are made with iron oxide pigments. Iron oxide pigments will be in high demand globally due to the expansion of various end-use sectors supporting the iron oxide pigment market. Growth in the iron oxide market is anticipated to be constrained by stringent government rules governing the manufacture of materials. During manufacturing iron oxide, hazardous effluents are generated that are bad for the environment and people's health. We predict that iron oxide production has an environmental cost that could limit the market's expansion over the projected period.
The iron oxide pigments market is segregated based on color, end user, type and region. Based on color, the market is divided into red, yellow, black and others. Among these, the red oxide pigment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. Based on the end-user, the market is classified into construction, coatings, plastics, paper and others. In 2021, the construction industry category dominated the global market. Based on type, the market is classified into synthetic and natural. The synthetic iron oxide pigments segment dominated the market in 2021.
The iron oxide pigments market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. In 2021, it was predicted that the Asia Pacific would lead the global market for iron oxide pigments. By expanding the use of iron oxide pigments in building and coatings, China, Japan, and India are three nations propelling the expansion of the Asia-Pacific iron oxide pigments market. Leading multinational corporations have also made large investments in the manufacturing and industrial sectors in the Asia Pacific. Additionally, the availability of inexpensive labor and the vicinity of suppliers of raw materials draw investors to the area.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 2,319.40 Million |
Projected Market Size in 2028 |
USD 3,020.46 Million |
CAGR Growth Rate |
4.50% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Lanxess AG, BASF SE, Huntsman Corporation, E.I. du Pont de Nemours and Company, Kronos Worldwide Inc., Heubach GmbH, Cathay Industries, Hunan Three-ring Pigments Co. Ltd., Tronox Ltd., Applied Minerals Inc. and Others |
Key Segment |
By Color, End User, Type, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Key players in the iron oxide pigments market include Lanxess AG, BASF SE, Huntsman Corporation, E.I. du Pont de Nemours and Company, Kronos Worldwide, Inc., Heubach GmbH, Cathay Industries, Hunan Three-ring Pigments Co., Ltd., Tronox Ltd., and Applied Minerals Inc.
Recent Development:
March 2021: In order to strengthen its leadership position in bio-based surfactants and active ingredients, BASF will enter into two different collaborations. BASF becomes the company's largest shareholder with the strategic partnership with ACS.
Global Iron Oxide Pigments Market is segmented as follows:
By Color
By End User
- Construction
- Coatings
- Plastics
- Paper
- Others
By Type
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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