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: https://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
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/iron-oxide-pigment-market/request/rs1
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
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.
For
more info visit @ https://www.grandviewresearch.com
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