Global Iron Oxide Pigments Market accounting a higher growth by 2016 – 2024
Sarasota, FL -- (SBWIRE) -- 03/23/2017 -- Global Iron Oxide Pigments Market: Overview
Tinting and coloring applications widely use iron oxide pigments as colorants. The primary end-user industry of the iron oxide pigments is the construction sector. This is followed by paints and coatings and plastics industry. Other applications include inks, ceramics, paper & pulp, and rubbers. There are various shades and colors of iron oxide pigments available in the market. The pigments are obtained naturally in forms of ores such as magnetite, sienna, goethite, hematite, ochre, and umber. They can also be obtained synthetically through prime processes such as organic compound reduction by iron, iron salt precipitation, and thermal deposition of iron compounds.
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Global Iron Oxide Pigments Market: Segmentation
The iron oxide pigments market is segmented globally into its color, end user, type, and region. On the basis of color, the global market is segregated into black, red, yellow, and others. Based on the end user, the market is categorized into paper, construction, plastics, coatings, and others. The different types of the iron oxide pigments include natural and synthetic. Region-wise, the global market is diversified into Europe, North America, Asia-Pacific, and Rest of the World.
Global Iron Oxide Pigments Market: Growth Factors
The rapid development of the industries such as building and construction and the paint and coating industry; the former due to the increasing industrialization and urbanization and the latter in the developing regions; is propelling the iron oxide pigments market. The pigments possess excellent properties such as opacity, stability, dispersibility, tinting strength, and consistency, thus driving the demand for the iron oxide pigments in different industries. Iron oxide pigment that is black in color is widely used in the construction sector, thus dominating the market. The red iron oxide pigment is used in the paint and coatings sector. The synthetic iron oxide segment contributed for the largest share in the global market. They are preferred more than natural pigments owing to its purity level and excellent quality. The construction industry is the major end-user industry that uses the iron oxide pigments widely.
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Global Iron Oxide Pigments Market: Regional Analysis
The region that dominates the iron oxide pigments market is Asia Pacific region. The factors that attribute this market growth include the innovations made in the product, the developments and the new research projects, the increasing demand from the construction and the paint and coatings sector are fuelling the market growth in the Asia-Pacific region. The other regions such as Europe and North America are also contributing a good share in the market growth. The inorganic pigment manufacturers are flourishing in the European market.
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Global Iron Oxide Pigments Market: Competitive Players
The key market players in the iron oxide pigments market include Lanxess AG, Huntsman Corporation, Kronos Worldwide, Inc., Cathay Industries, Tronox Ltd., BASF SE, E.I. Du Pont de Nemours and Company, Heubach GmbH, Hunan Three-ring Pigments Co., Ltd., and Applied Minerals Inc.
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