Global Iron Oxide Pigment Market Will Reach at a Highest CAGR of 5.15% by 2026
Global Iron Oxide Pigment Market By Type (Natural, Synthetic), Color (Red, Black, Yellow, Others), End- Users (Coatings, Construction, Paper, Plastics, Textile, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Iron Oxide Pigment MarketGlobal iron oxide pigment market is set to witness substantial CAGR of 5.15% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing process improvement for environment friendly manufacturing products and rising construction activities are the factor for the growth of this market.
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Competitive Analysis:
Global iron oxide pigment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of iron oxide pigment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Definition: Global Iron Oxide Pigment MarketIron Oxide Pigments are obtained from limonite, hematite, such as ochers, siennas & umbers, and magnetite. They can be manufactured using both synthetic and natural sources. They usually have light stability, good durability to substrates, good color strength and heat & light stability. They are mainly available in color such as black, red, yellow and other. They provide colors to different industries such as paper, plastics, construction, coatings and others.
Market Drivers:
- Increasing urbanization and infrastructural development will drive the market growth
- Growing package industry will also accelerate the growth of this market
- Increasing income and improvement in lifestyle will enhance the market growth
- Rising usage of iron oxide pigment in cosmetics industries to produce shampoos, soap, cream and lotion also acts as a market driver
Market Restraints:
- Health issues associated with the use and manufacturing of iron oxide pigment will restrain market growth
- Fluctuation in the cost of the raw material will also hamper the market growth
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Segmentation: Global Iron Oxide Pigment MarketBy Type
- Natural
- Synthetic
By Color
- Red
- Black
- Yellow
- Others
By End- Users
- Coatings
- Construction
- Paper
- Plastics
- Textile
- Others
Key Developments in the Market:
- In November 2017, LANXESS announced the launch of their new Red pigments which is developed by Ningbo process. The main aim of the launch is to provide high chromaticity and high strength & meet the demand for paints and coating industry. The mid- range color segments consists of new pigments Bayferrox 520, Bayferrox 5272, Bayferrox 525 and Bayferrox 530 in which Bayferrox 510, Bayferrox TP 5278 and Bayferrox TP 5279 meet the demand for the yellow- shade red pigment
- In April 2015, Sun Chemical Performance Pigments announced the launch of their transparent red and yellow iron oxide pigment into their new line of Sunsperse ECO aqueous pigment dispersions. The fresh transparent red and yellow iron oxide dispersions stand out for their elevated purity of colour, clarity and decreased hazel, making them appropriate for a multitude of industrial and architectural applications. The main aim of the launch is to provide customer with performance, quality and consistency
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