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(Construction.IndustryNews247.Com, August 22, 2018 ) Industry Outlook and Trend Analysis
The Iron Oxide Pigment Market was worth USD 1.78 billion in the year 2014 and is expected to reach approximately USD 2.68 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.67% during the forecast period. Developing interest in plastic, construction, and paint enterprises has encouraged the iron oxide manufacturing organizations to build their interest in this market. Developing construction industry in Asia Pacific and the Middle East are expected to drive market development throughout the following years. Supportive government controls in regards to ecologically well-disposed products combined with mechanical progressions are foreseen to positively affect market development. Significant chemical makers, for example, BASF SE and Lanxess have moved their inclination towards using enhanced advancements for assembling astounding pigments by following appropriate principles. The previously mentioned factor is expected to affect the organizations for creating diverse shades of both natural and synthetic products.
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Type Outlook and Trend Analysis
The industry comprises of both synthetic and natural products and is used as a part of extensive variety of uses including cosmetics, plastics, ceramics, plastics, rubber, coating, and ink. In 2015 the synthetic iron oxide pigment was the biggest product portion, attributable to its outstanding quality and purity level. The natural product is foreseen to encounter the quickest development throughout the following years, attributable to their low cost and plenitude. The products are made through various chemical forms that incorporate Laux, precipitation, Penniman, and calcination process. The rising advancements in technology combined with expanding interest for products that are environment friendly are expected to change the present manufacturing process.
Color Outlook and Trend Analysis
The iron oxide pigment market comprises of various shades of colors that incorporate black, red, yellow, brown, and orange. The red iron oxide shade is generally used and has the best request contrasted with others. Laux process is the most critical process for manufacturing red iron oxide color, and there is a need of enhancing technologies in this procedure, which enables couple of noticeable players to rule the market. The iron oxide pigments are broadly used as a part of plastic industry, which brings color to an assortment of plastic products, for example, home computers, food packaging, vinyl sidings, auto fenders and parts, toys and soda bottles. The yellow iron oxide is a balanced out zinc ferrite and is useful as a part of all building plastics including acrylonitrile butadiene styrene and polyamide.
End User Outlook and Trend Analysis
Iron oxide pigments are discovered normally in the metals and are created artificially, which are used as colorants in numerous modern purposes that incorporate plastic, paint, construction, coating, paper and others. The paint and construction ventures together hold 33 percent of the worldwide demand with emerging prerequisite for mixes in these application fragments. In 2015 Construction materials were the biggest application fragment, with a high product requirement especially in solid pieces. Paint & coating application portion is expected to encounter the quickest development over the figure time frame. Iron oxide pigments in paint application are foreseen to improve shading impacts and to keep up paint film quality.
Regional Outlook and Trend Analysis
Asia Pacific ruled the worldwide iron oxide color market and represented 41.7 percent of the business in 2015 inferable from developing framework and fast industrialization, especially in nations, for example, India and China. Europe is foreseen to encounter unfaltering development throughout the following years attributable to the declining framework exercises. The iron oxide pigment industry in the Middle East and Africa is foreseen to develop at a critical rate attributable to expanding development extends principally in Qatar, Nigeria, and Saudi Arabia.
Competitive Insights
The leading players in the market are Huntsman Corporation, Lanxess, Titan Kogyo Ltd, Hunan Three-Ring Pigments Co Ltd, Cathay Industries, Kolorjet Chemicals Pvt Ltd, Applied Minerals Inc,Jiangsu Yuxing Industry & Trade Co Ltd, and BASF.
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The Iron Oxide Pigment Market is segmented as follows-
By Type:
Natural
Synthetic
By Color:
Yellow
Red
Black
Others
By End User:
Plastics
Construction
Paper
Coatings
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
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