Iron Oxide Pigment Market Scope and Trends Overview till 2024

Significant infrastructure improvement, especially in the Middle East and Asia Pacific, is projected to remain a major factor driving growth. Technological advancements and significant developments in the manufacturing sectors are expected to create lucrative opportunities for industry participants.

The Global Iron Oxide Pigment Market is expected to reach USD 2.67 billion by 2024, according to a new report by Grand View Research, Inc.

Chemical manufacturers including BASF and Lanxess are utilizing enhanced technologies for manufacturing the high-quality product by following proper industry standards. Synthetic iron oxide pigment dominated the global demand with a net market value of USD 1.25 billion in 2015.

The segment is projected to remain the largest product segment in near future owing to its ability to be manufactured in various colors and blends that are used across various application segments including coatings and cosmetics. The red iron oxide pigment is anticipated to emerge as the fastest growing color segment over the forecast period owing to high demand from the construction industry.

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Construction application dominated the global iron oxide pigment market and accounted for over 45% of total market volume in 2015. The growing construction activities, especially in India and China are expected to drive the market.

Top Players of Iron Oxide Pigment Market:

Major players operating in the iron oxide pigment market include LANXESS AG, BASF SE, Kronos Worldwide, Huntsman Corporation, Cathay Industries, Applied Minerals Inc, Jiangsu Yuxing Industry & Trade Co., Ltd, Kolorjet Chemicals Pvt. Ltd and Titan Kogyo.

Market Segmentation of Iron Oxide Pigment Market:

The Global Iron Oxide Pigment Market segmented on the basis of Product, Color and Application.

By Product:

    Synthetic iron oxide
    Natural iron oxide

By Color:

    Red
    Yellow
    Black
    Blends

By Application:

    Construction
    Coating
    Plastic
    Paper

Inquire about Iron Oxide Pigment Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3096

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