Iron Oxide Pigments Market Size, Revenue, Global Industry Statistics and ForecasPosted by Rishab Gupta on December 11th, 2019 Market Overview Iron Oxide Pigments comprises iron and oxides and can be produced from both natural and synthetic sources. Naturally, Iron Oxide Pigments are derived from hematite (red iron oxide mineral), limonites (yellow or brown minerals) such as ochers, siennas & umbers, and magnetite (black iron oxide) Key Players
Defination Iron Oxide Pigments are produced from basic chemicals by three processing methods which includes precipitation of iron salts, thermal decomposition of iron salts, and reduction of organic compounds by iron. The product finds use in numerous applications including construction, paints & coatings, plastics, paper, pharmaceuticals, and cosmetics among others. The growing paints and coatings industry on account of increasing demand in numerous application such as automobiles, buildings, and plastics among others. Iron Oxide Pigments provides improved aesthetics, durability, and functionality when used with coatings. The consumption of Iron Oxide Pigments is increasing in the cosmetics and personal care industry to produce soaps, shampoos, creams and lotions, and deodorants, among others. The growing cosmetics and personal care industry with the surging demand for cosmetics and skin and hair care products is driving the growth of the Iron Oxide Pigments Market globally. The global demand for Iron Oxide Pigments is driven by expanding building and construction industry on account of increasing requirement for modern residential architecture and increasing spending on construction activities by the government. It is being widely used in numerous construction applications which includes concrete, roof tiles, soft fall rubber, bricks, blocks, pavers, and asphalt due to superior properties such as non-toxicity, inertness, opacity, uniformity of colour, and chemical resistance among others. Segments Global Iron Oxide Pigments Market has been segmented by color, type, end-use industry, and region. Based on color, the market has been segmented into red, yellow, black, and others. Based on type, the market has been segmented into natural and synthetic. Based on end-use industry, the market has been segregated into construction, paints and coatings, plastics, paper, pharmaceuticals, cosmetics and personal care, food & beverage, and others. Iron Oxide Pigments Market Regions Asia-Pacific accounted for the majority share of the Iron oxide pigments market in 2017; the regional market is likely to witness significant growth during the review period. Expanding construction industry with increase in investment in residential construction on account of increasing populace and rising per capita disposable income is driving the growth of the iron oxide pigments market. In addition, the rise in commercial construction because of increasing construction of commercial buildings such as warehouses, departmental stores, malls, and hospitals, is also supporting the growth of the construction industry in the emerging markets. Furthermore, growing cosmetics and personal care industry in Asia-Pacific market with a surge in demand for premium skin and hair care products, child beauty care products, and color cosmetics, coupled with rising per capita disposable income and changing lifestyles is expected to propel the growth of the iron oxide pigments market in the coming years. For instance, during 2012-2017 the sales of mass skin care products grew at a CAGR of over 6% and that of face masks at a CAGR of over 13% in Asia-Pacific region. North America is a prominent market for Iron oxide pigments as a result of the growing cosmetics and personal care industry. The rising demand for multi-functional personal care products, compact beauty products, and anti-perspirants as a result of changing lifestyles are driving market growth. The European market is expected to witness significant growth during the review period on account of growth of the construction industry with increasing investments in residential construction to meet the rising demand for modern residential architecture, and smart buildings. The markets in Latin America and the Middle East & Africa are expected to grow as a result of the growing end-use industries such as construction, paints and coatings, packaging, cosmetics and personal care, and healthcare. Moreover, the rapidly growing construction industry in the markets in the Middle East & Africa due to the shift from oil-based economy to industrial development together with increasing investment in big infrastructure projects, mainly transport, is likely to drive the demand for iron oxide pigments during the forecast period. Browse Full Report Details @ https://www.marketresearchfuture.com/reports/iron-oxide-pigments-market-6994 TABLE OF CONTENTS 1 Executive Summary 2 Market Introduction 2.1 Market Definition 2.2 Scope Of The Study 2.3 List Of Assumptions 2.4 Markets Structure 3 Market Research Methodology 3.1 Research Process 3.2 Primary Research 3.3 Secondary Research 3.4 Market Size Estimation 3.5 Forecast Model 4 Market Dynamics Of Global Iron Oxide Pigments Market 4.1 Introduction 4.2 Drivers 4.3 Restraints 4.4 Opportunities 4.5 Challenges 4.6 Trends/Technology 5 Market Factor Analysis Of Global Iron Oxide Pigments Market Like it? Share it! More by this author |