The report “Iron Oxide Pigments Market by Color (Red, Yellow, Black, Others), End User (Construction, Coatings, Plastics, Paper, Others), Type (Natural, Synthetic), Region (Americas, Europe, Asia-Pacific, Mea) – Global Forecasts to 2021″, The global iron oxide pigments market is expected to reach USD 2.30 Billion by 2021, at a CAGR of 4.3% from 2016 to 2021. Increasing demand of iron oxide pigments from the construction sector and rapid urbanization are factors influencing the overall growth of the global iron oxide pigments market.
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The most widely used colors of the iron oxide pigments include red, yellow, black, and other blended colors. These pigments offer superior tinting strength, purity, and color consistency, and are widely used for different applications. Red iron oxide pigments are used in the manufacturing of paints, gold polish, mosaic tiles, plastics, floorings, and papers. Wide availability of red iron oxide pigments, along with growing demand for these pigments from various end users is expected to drive the consumption of the red iron oxide pigments, globally.
Based on their processing and manufacturing method, the iron oxide pigments are classified in two types, namely, synthetic iron oxide pigments and natural iron oxide pigments. Synthetic iron oxide pigments are manufactured through different chemical processes, such as calcination, precipitation, and Penniman and Laux processes. Natural iron oxide pigments are extracted from mineral ores. Synthetic iron oxide pigments are preferred over natural iron oxide pigments, owing to high purity and tinting strength offered by them.
The construction industry is one of the major end users of iron oxide pigments, globally. Iron oxide pigments are used in coloring of concretes, designer tiles, paving blocks, stamped concretes, and chequered tiles, among others. Iron oxide pigments offer excellent compatibility with cement and decorative concrete products and thus, are widely used in construction activities. The coatings segment of the global iron oxide pigments market is projected to grow at the highest CAGR during the forecast period. Increasing demand of iron oxide pigments for various applications, such as architectural coatings, industrial coatings, protective coatings, coatings for packaging, wood coatings, oil coatings, and powder coatings is expected to lead towards the growth of the coatings segment of the global iron oxide pigments market.
Key players operating in the global iron oxide pigments market include Lanxess AG (Germany), BASF SE (Germany), Huntsman Corporation (U.S.), E.I. Du Pont de Nemours and Company (U.S.), Kronos Worldwide, Inc. (U.S.), Heubach GmbH (Germany), CATHAY INDUSTRIES (U.S.), Hunan Three-ring Pigments Co., Ltd. (China), Tronox Ltd. (U.S.), and Applied Minerals Inc. (U.S.).
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