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.
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.
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.
Browse full research report on Iron Oxide Pigment Market:
http://www.grandviewresearch.com/industry-analysis/iron-oxide-pigment-market
Further key findings from the report suggest:
- The
global iron oxide pigment market demand was 1,329.4 kilotons in 2015 and
is expected to reach 1,825.8 kilotons by 2024, growing at a CAGR of 3.7%
from 2016 to 2024
- 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.
- 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.
- Asia
Pacific was the leading regional market with demand share exceeding 40% in
2015. The region is also expected to experience superior growth compared
to other regions over the forecast period. The high growth may be
attributed to the increasing demand in construction and plastic sector.
- The
global market is dominated by various companies that are present across the
value chain. 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.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the iron oxide pigment
market on the basis of product, color, application, and region:
Global Iron Oxide Pigment Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2024)
- Synthetic
iron oxide
- Natural
iron oxide
Global Iron Oxide Pigment Color Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2024)
- Red
- Yellow
- Black
- Blends
Global Iron Oxide Pigment Application Outlook (Revenue,
USD Million, 2014 - 2024)
- Construction
- Coating
- Plastic
- Paper
- Others
Global Iron Oxide Pigment Regional Outlook (Revenue, USD
Million, 2014 - 2024)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Middle
East &Africa
- Central
& South America
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-iron-oxide-pigment-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more Info: www.grandviewresearch.com
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