Iron Oxide Pigments Industry Overview

The global iron oxide pigments market size was valued at USD 2.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2021 to 2028.

The rapidly growing construction industry across emerging nations is expected to be the key growth factor for the market over the forecast period. Moreover, the growing utilization of iron oxide pigments in the coating industry owing to their excellent dispersibility and high strength, which make them suitable for use in different types of paints and coatings under extreme atmospheric and weather conditions, is expected to propel the market growth over the forecast period. Iron oxide pigments are widely used in various plastic products, including auto parts, fenders, soda bottles, food packaging, toys, and vinyl sidings. Iron oxide pigments are used as colorants in the aforementioned products.

Gather more insights about the market drivers, restrains and growth of the Global Iron Oxide Pigments Market

Excellent dispersibility, high thermal stability, light and chemical stability, UV absorption, and other such beneficial properties are propelling the demand for iron oxide pigments in the plastics industry. However, political instability in oil-producing countries, such as Saudi Arabia and Iraq among other countries in the Middle East, has resulted in extreme fluctuations in product prices. Social unrest and consumer fears in Nigeria, Iraq, Venezuela, Iran, and Libya have also adversely affected the crude oil supply over the recent past.

The growing demand for nitrobenzene, a major raw material, in various applications, such as lubricating oils, drugs, synthetic rubber, pesticides, and dyes, is anticipated to fuel its price and, in turn, affect the production cost of iron oxide pigments over the forecast period.

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

• Zinc Oxide Market: The global zinc oxide market size was valued at USD 4.43 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 6.9% from 2022 to 2030. This growth can be attributed to the properties of zinc oxide (ZnO), such as high thermal conductivity, high refractive index, UV protection, antibacterial, and binding properties.

• Conformal Coatings Market: The global conformal coatings market size was valued at USD 930.89 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2030. The growth of conformal coatings depends on their use in various automotive, medical, consumer electronics, and aerospace & defense applications.

Iron Oxide Pigments Market Segmentation

Grand View Research has segmented the global iron oxide pigments market on the basis of product, color, application, and region:

Iron Oxide Pigment Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Synthetic

• Natural

Iron Oxide Pigment Color Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Red

• Yellow

• Black

• Blends

Iron Oxide Pigment Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Construction

• Coatings

• Plastics

• Paper

• Others

Iron Oxide Pigment Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• North America

• Europe

• Asia Pacific

• Central & South America

• Middle East & Africa

Key Companies profiled:

Some prominent players in the Global Iron Oxide Pigments Market include

• Huntsman International LLC

• Venator Materials PLC

• Applied Minerals, Inc.

• CATHAY INDUSTRIES

• Lanxess

• BASF SE

• KRONOS Worldwide, Inc.

• Hunan Sanhuan Pigment Co., Ltd.

• Titan Kogyo, Ltd. (Titanium Industry Co., Ltd.)

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