Global Iron Oxide Pigments Market offers an in-depth and detailed analysis of a market, including factors such as market size, trends, competition, growth rate, and segmentation. This analysis results in a market research report that provides both qualitative and quantitative insights into the market's key drivers, constraints, opportunities, and challenges that affect global market growth. The report includes comprehensive statistical data on market leaders and market predictions.
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This report encompasses recent trends, factors propelling market dynamics, and prevailing conditions globally. Additionally, it furnishes revenue growth statistics across various markets on regional and national scales, accompanied by an examination of competitive landscapes and detailed company assessments projected into the future. The Iron Oxide Pigments Market Report entails insights into potential drivers of growth and the existing segmentation of market shares across categories such as types, technologies, applications, and regions up to the year .
The research report on the Iron Oxide Pigments Market provides insights into the business strategies implemented by major global players, such as mergers, acquisitions, partnerships, R&D, expansion plans, and collaborations. The report also includes information on revenue by type, as well as forecasted market size by application.
Iron Oxide Pigments Market Report Overview:
Iron oxide pigments are the chemical compounds composed of iron and oxygen, which find applications in paints and coatings, concrete, tiles, plastics, paper, and others. According to Researcher, the global Iron oxide pigments market is expected to witness a considerable growth rate during the forecast period. The major factors responsible for the growth of the global iron oxide pigments market are the increasing urbanization and growing construction industry, especially in the Asia-Pacific and Middle Eastern regions. Another factor driving the market for iron oxide pigments includes the increasing demand from the coatings industry. However, the market is expected to be hindered by the availability of low-cost products by medium-scale producers with moderate quality and the fluctuation in the prices of the raw materials.
The ongoing growth in the urbanization and construction industry, especially in the Asia-Pacific region, is likely to drive the consumption of iron oxide pigments. The rate of urbanization in the Asia-Pacific region is around 1.5% per year, the highest in the world. It is estimated that by the year , over half of the population in the region will be urban. In , more than half of the worldâ&#;&#;s population lived in urban areas, and the urban population is estimated to reach 2.5 billion by the year . These trends are mainly observed in Asian countries.
According to the United Nations, as of , 33 megacities in the world require planned habitation for the rapidly growing urban population. More than 50% of the global GDP is generated in cities, and urbanization can lead to sustainable growth if managed well by increasing productivity. Urbanization has expanded immensely in recent years. Due to urbanization, there has been a rise in the number of construction projects, high-rise buildings, and other construction types. Thus, as urbanization rapidly increases, the number of construction projects increases, leading to the growth in the usage of iron oxide pigments.
Chemists at Washington University have successfully transformed ordinary red brick into a battery by injecting gases that enable the material to store electricity. The brick-battery depends on the iron oxide pigment present in the brick to produce a network of plastic fibers. These microscopic fibers coat the empty spaces inside the bricks and conduct electricity.
The outbreak of COVID-19 and imposed lockdowns and restrictions on the full-functioning of supply chains has led to the decline in the revenues generated by the companies in the first two quarters. is an uneasy year for the iron oxide pigments industry. The industry is in eventful autumn. From the beginning of this year to the present, the price of raw material, energy costs, labor costs, etc., have been affected by the "pause button" of the prevention and control of the coronavirus pandemic and the suspension of production. The rise has brought an unprecedented blow to the development of enterprises. The high costs that enterprises need to bear have seriously affected the daily operation and product development of enterprises and greatly weakened the competitiveness of my country's iron oxide pigments in the global market.
The global Iron Oxide Pigments market is segmented on the basis of Type and End-User Industry. The type segment is further segmented as Synthetic and Natural and the end-use segment is further segmented as Construction, Coatings, Plastic, Paper, and Others. In terms of type, synthetic iron oxide pigment dominated the market over natural iron oxide pigments with a share of about 72% globally.
Construction is the largest end-user of iron oxide pigments. In the construction industry, they are used as a colorant and also to enhance the properties of concrete and other cementitious products. Iron oxide pigments can produce vibrant and durable colors in concrete. Iron oxide pigments are tested and certified by the American Society for the Testing of Materials to be light-fast, insoluble, and alkali resistant (ASTM C-979), i.e., iron oxide pigments do not deteriorate over time and will be readily visible in the concrete. Owing to their small size (ten times smaller than cement particles), iron oxide pigments disperse in the mix and give the appearance of uniform coloration.
Iron oxide pigments do not affect the strength of concrete when used in standard doses. In addition to this, they offer benefits to the concrete contractor, architect, ready mix concrete producer, and manufactured concrete product producer. Iron oxide pigments are capable of drastically improving the value of concrete. With the addition of color, concrete gets more attractive aesthetically and provides color-related properties such as solar reflectiveness. Iron oxide pigments are an invaluable tool in the construction industry, lending earth tone hues and a number of other beneficial characteristics to producers and users, such as reduced dust, improved flowability, and reduced product.
Based on geography, the global Iron oxide pigments Market is segmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa. The Asia Pacific region was found to be dominating the global pigments market, owing to the presence of vast construction industry and planned infrastructure projects in the region.
The United States is the world's largest economy. The country's GDP has decreased at an annual rate of 5% in the first quarter and 9.5% in the second quarter of due to the ongoing coronavirus pandemic. In , residential construction, in which iron oxide pigments are commonly used to color concrete block and brick, roofing tiles, and ready-mixed concrete, remained about the same during the first three quarters of compared with that of the same period in . Housing starts decreased slightly. According to Associated General Contractors of America, construction is a major contributor to the US economy. The construction industry has more than 680,000 employers with over 7 million employees and creates nearly USD 1.3 trillion worth of structures each year. The construction industry in the region is growing due to a strong economy and positive market fundamentals for commercial real estate, along with an increase in federal and state funding for public works and institutional buildings.
In , construction spending in the first two months combined increased 8% from the same period in , spurred by a 13% jump in single-family construction, an 11% rise in public construction, and the lowest 1% increase in private non-residential spending. Moreover, growing infrastructure activities in the United States, which is one of the major consumers of architectural coatings, is further boosting the market for iron oxide pigments. The construction industry in the United States continued to expand, owing to a strong economy and positive market fundamentals for commercial real estate, along with an increase in federal and state funding for public works and institutional buildings. The iron oxide pigments market in the country is mainly driven by rising investment in the residential construction segment and growing demand for remodeling old buildings. However, due to the ongoing global crisis and the pandemic, the demand in the region will be on the lower side in the year due to the dampening of construction activities.
In , the global iron oxide market was found to be partially consolidated. Major key players in the market were found to be Lanxess, Venator Materials Plc, BASF SE, and Ferro Corporation among others.
Our Global Iron Oxide Pigment Market research report provides deep insight into the current and future state of the Iron Oxide Pigments market across various regions. Also, the study comprehensively analyzes the Iron Oxide Pigments market by segments based on Type (Synthetic and Natural), End-use (Construction, Coatings, Plastic, Paper, and Others), and by Geography (Asia Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 are influencing the market growth in detail. The study covers & includes emerging market trend, market developments, market opportunities, market size, market estimates, market forecast, market swot analysis, market dynamics, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies including their market share and projects.
The Iron Oxide Pigments Market Top industry players, revenue analysis, and sales margin are also explained. The report also covers raw materials analysis, production, and consumption specifications. Besides, the report also covers geographical segmentation for the Iron Oxide Pigments market. In the SWOT analysis, the growth rate for each type and application is covered. A forecast global Iron Oxide Pigments market perspective will lead to valuable business plans and strategic moves. ASK FOR A SAMPLE REPORT
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Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
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Detailed TOC of Global Iron Oxide Pigments Market Research Report, -
1 Executive Summary
2 Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3 Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Raw Material Analysis
3.6 Regulatory Policies
4 Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter&#;s Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5 Market Segmentation & Forecast
5.1 By Type
5.4 By Application
6 Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 United Kingdom
6.2.2 Germany
6.2.3 Italy
6.2.4 France
6.2.5 Russia
6.2.6 Nordic Countries
6.2.7 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 ASEAN Countries
6.3.6 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
7 Key Company Profiles
8 Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9 Conclusions and Recommendations
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H1 : In H1 , the Asia-Pacific region emerged as the largest consumer of Iron Oxide, but the market experienced fluctuations in prices. In the first three months of , prices of iron oxide rose in Asia, but, iron oxide prices experienced a bearish trajectory during the second quarter of . Major market players reported a profit decline. The demand remained subdued as the construction industry took lower uptakes, adversely affecting downstream sectors such as paints, coatings, and concrete. Widespread slowdown in construction activities across Asia, primarily due to the ongoing monsoon season, further dampened sentiment and hindered commodity procurement, leading to a continuous drop in prices. The stagnation in construction activities resulted in significant inventory buildup, prompting the need for discounted sales and subsequently reducing profit margins. A similar market scenario was observed in the US market, where in prices rose in the period of January- April and then declined in the remaining months of H1 . Demand from the downstream paint and coating industry remained weak, reflecting muted construction activities, leading to reduced sales of surface coating products, Economic uncertainties persisted, fuelled by high energy costs. The subdued outlook on purchasing activities contributed to the depreciation of commodity prices. Decreased purchasing activities resulted in the accumulation of the inventories amid sluggish demand in the US market.
The global Iron Oxide market stood at approximately 1.5 million tonnes in and is anticipated to grow at a CAGR of 4.10% during the forecast period until .
Iron oxide, a metallic salt, finds widespread application across multiple industries. In the sector of paints and coatings, iron oxide pigments play a pivotal role by not only imparting vibrant colors but also contributing to corrosion resistance, enhancing the longevity of surfaces. The construction industry extensively relies on iron oxide for coloring concrete, cement, and various building materials, offering an aesthetic dimension to structures like buildings and pavements. In cosmetics and personal care, iron oxide serves as a coloring agent, adding hues to products like lipsticks and eyeshadows. Furthermore, the magnetic properties of iron oxide nanoparticles make them integral in the production of magnetic storage media, including hard drives and tapes. In the medical field, iron oxide nanoparticles have carved a niche in medical imaging, serving as contrast agents in magnetic resonance imaging (MRI), and in drug delivery systems. Catalysts for chemical reactions, iron oxide finds application in processes such as ammonia production and the water-gas shift reaction. Its finely powdered form is employed in polishing jewelry and as an abrasive in metal polishing. Even in agriculture, iron oxide contributes to fertilizers, providing plants with essential iron nutrients.
Iron oxide, an inorganic pigment renowned for its exceptional features such as UV resistance, high thermal stability, and excellent dispensability, plays a pivotal role in the construction industry. Its application spans across diverse construction materials like cobblestone, roof tiles, floor tiles, and concrete, owing to its unique chemical structure that renders it insoluble in water and resistant to the corrosive effects of cement and lime. The surge in construction activities, particularly in emerging economies, is anticipated to drive market growth in the coming years. Notably, the adoption of green construction practices for sustainability further augments the demand for iron oxide as an environmentally friendly raw material in construction. Additionally, iron oxide finds extensive use in the paints industry, leveraging its ability to absorb ultraviolet radiation, inhibit material degradation, and offer cost-effectiveness. With attributes such as high purity, strong thermal stability, and compatibility with other ingredients, iron oxide contributes to the durability and robustness of paint films. Its exceptional concealing power, impermeability to UV rays, and water insolubility make it a preferred choice for outdoor paint applications. The adhesive quality and anti-rust properties further enhance its utility in diverse paint formulations. As the demand for high-performance paints grows, propelled by factors like urbanization and infrastructure development, the iron oxide market is poised for substantial expansion. The strategic integration of iron oxide in construction and paint applications aligns with industry trends, driving its prominence in the global market landscape. The global Iron Oxide market is anticipated to reach nearly 2.1 million tonnes by .
Based on region, Asia Pacific is the major consumer of Iron Oxide. The robust growth of Asia in terms of consuming iron oxide can be attributed to several key factors driving demand in the region. Firstly, the construction industry, a major consumer of iron oxide, is experiencing rapid expansion in Asia due to urbanization, industrialization, and infrastructure development projects. The increasing demand for housing, commercial spaces, and infrastructure facilities in countries like China, India, and Southeast Asian nations fuels the need for iron oxide in construction materials such as concrete, tiles, and paints. In addition, the rise of the automotive and manufacturing sectors in Asia further boosts the demand for iron oxide, which is used in coatings, pigments, and manufacturing processes. The expanding middle-class population, increasing disposable income, and greater spending on construction contribute to the growing demand for iron oxide-based materials in various applications.
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Based on the end-user industry, the global Iron Oxide market is segmented into Construction, Coating, Plastic, and Others. Among these, Construction is the dominating segment and held a market share of roughly 44% in . Iron oxide pigments, renowned for their robust coloring power and color purity, find strategic applications as colorants and fillers in PVC plastic floors and PVC colored films within the industrial landscape. Their utilization extends to thermosetting plastics, including applications such as electric jade powder, bakelite powder, and polyolefins. The inherent properties of iron oxide pigments make them indispensable for enhancing the visual appeal and performance characteristics of various plastic formulations. Their integration into these materials contributes to the overall quality and aesthetic attributes, meeting the demands of industries involved in the production of thermosetting plastics and PVC-based products. The use of iron oxide pigments underscores a commitment to achieving desired coloration, durability, and functionality within the plastic manufacturing processes.
Major players in the Global Iron Oxide market are Lanxess AG, Huntsman International LLC, Cathey Industries, Toda Kogyo Corporation, Alabama Pigments Company, LLC, Jiangsu Yuxing Industry and Trade Co. Ltd., Golccha Pigments Pvt. Ltd., Shenghua Group Deqing Huayuan Pigment Co. Ltd., Tata Pigments Company, Yaroslavsky Pigment Company, Hunan Three-Ring Pigments Co. Ltd., and others.
Years considered for this report:
Historical Period: -
Base Year:
Estimated Year:
Forecast Period: -
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Objective of the Study:
&#; To assess the demand-supply scenario of Iron Oxide which covers production, demand and supply of Iron Oxide market in the globe.
&#; To analyse and forecast the market size of Iron Oxide
&#; To classify and forecast Global Iron Oxide market based on end-use and regional distribution.
&#; To examine competitive developments such as expansions, mergers & acquisitions, etc., of Iron Oxide market in the globe.
To extract data for Global Iron Oxide market, primary research surveys were conducted with Iron Oxide manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Iron Oxide market over the coming years.
ChemAnalyst calculated Iron Oxide demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Iron Oxide. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
&#; Iron Oxide manufacturers and other stakeholders
&#; Organizations, forums and alliances related to Iron Oxide distribution
&#; Government bodies such as regulating authorities and policy makers
&#; Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Iron Oxide manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Iron Oxide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in
1.1 million tonnes
Market size Volume in
2.1 million tonnes
Growth Rate
CAGR of 4.1% from to
Base year for estimation
Historic Data
&#;
Forecast period
&#;
Quantitative units
Demand in million tonnes and CAGR from to
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Construction, Coating, Plastic, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Pricing and purchase options
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