Top Emerging Trends Of Iron Oxide Pigments Market Progress Forecast 2028Posted by Mrudula Anil Karmarkar on March 2nd, 2022 San Francisco, 02 March 2022: Iron Oxide Pigments Market Size, Share & Trends Analysis Report By Product (Synthetic, Natural), By Color (Red, Yellow, Black, Blends), By Application (Construction, Coatings, Plastics, Paper), And Segment Forecasts, 2021 - 2028 The global iron oxide pigments market size is expected to reach USD 3.1 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.7% from 2021 to 2028. Iron oxide pigments are widely used in various applications such as construction, coatings, plastics, and paper. The growing construction industry across the globe, notably in the fast-emerging regions including Asia Pacific, is anticipated to fuel the demand for iron oxide pigments over the forecast period. Red and yellow iron oxide pigments are mixed with concrete for their use in construction applications. Red iron oxide pigments led the market and accounted for more than 42.0% share in terms of revenue in 2020. This is on account of their pure hue, tinting strength, light fastness, and consistent properties. The construction application segment led the market and accounted for more than 45.0% share of the global revenue in 2020. Synthetic iron oxide pigments emerged as the dominant product segment in 2020 and are anticipated to maintain their lead over the forecast period. The highly stable nature and good strength of synthetic iron oxide pigments are paving the way for their use in various applications, including construction and coatings. In the construction industry, these pigments are used to manufacture pavement blocks, stamped concrete, designer tiles, and colored concrete products among others. Thus, the growing construction industry is anticipated to create ample opportunities for iron oxide pigments in the coming years. Iron Oxide Pigments Market Report Highlights
List of Key Players of Iron Oxide Pigments Market
Access Press Release of Iron Oxide Pigment Market@https://www.grandviewresearch.com/press-release/global-iron-oxide-pigment-market
Like it? Share it!More by this author |