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