Iron oxide is a widely used chemical compound which is composed of iron and oxygen and is also known as ferric oxide. It can be obtained by both natural and synthetic methods. Iron oxide is mainly used as pigment and catalysts for various applications.
Key companies covered as a part of this study includes Key players operating in the global iron oxide market are LANXESS AG, Huntsman International LLC, Cathay Industries, Toda Kogyo Corporation, Alabama Pigments Company, LLC, Jiangsu Yuxing Industry And Trade Co., Ltd., Gotcha Pigments, Shenghua Group Deqing Huayuan, Pigment Co., Ltd, Hunan Three-Ring Pigments Co., Ltd., Yaroslavsky Pigment Company And Tata Pigments Company
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Growing demand for iron oxide pigments (IOP) across decorative concrete applications due to its cost-effectiveness, durability, and cement compatibility is expected to fuel the market growth of iron oxide. Therefore, rising adoption of iron oxide pigments as compared to other types of pigments, propelling the demand for IOP significantly for architectural applications, in turn augmenting the market growth of iron oxide.
The growing focus of manufacture in the development of next-generation iron oxide is expected to propel the market growth in the near future. For instance, in September 2017, Specialty chemicals producer LANXESS has introduced a range of iron oxide red pigments to serve the rising demands across the paints& coatings industry. The company noted that the new pigments have been introduced to the market after an intensive testing phase by the inorganic pigments (IPG) business unit.
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Market Trends/Key Takeaways
The growing trend of acquiring small companies by a large organization in the iron oxide market is expected to accelerate the market growth of iron oxide over the forecast period. For instance, in July 2018, Sun Chemical and its parent company, DIC Corporation, have acquired the high-purity iron oxides business of Cathay Industries, located in Valparaiso, Indiana, U.S.A.
Global Iron Oxide market, By Product Type:
Red Iron Oxide
Yellow Iron Oxide
Black Iron Oxide
Orange Iron Oxide
Brown Iron Oxide
Green Iron Oxide
Global Iron Oxide market, By Application:
Paints & Coatings
Paper & Pulp Manufacturing
Others (Fertilizers, Cosmetics, Rubber)
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