Growing
Building and Construction Industry to Boost Iron Oxide Pigments Market
Market
Synopsis
According to Market Research Future (MRFR),
the global iron
oxide pigments are
estimated to hold a substantial market value, thriving at a notable CAGR during
the evaluation period. The flourishing building and construction industry
majorly drive the demand for iron oxide pigments. The construction industry is
expanding owing to the adoption of modern architecture and increased
construction-specific initiatives taken by the government. Further, the growing
paints and coatings industry is estimated to augment the global iron oxide
pigments market on account of increased demand in various applications such as
buildings, automobiles, and plastics, which is projected to escalate the demand
for iron oxide pigments significantly in the forthcoming period.
On the contrary, the imposition of strict
rules and regulations against the manufacturing of synthetic iron oxide pigment
and the fluctuating price of raw materials is likely to impede the growth of
iron oxide pigments during the forecast period. However, the surged demand for
cosmetics and skin and hair care, along with the aforementioned factors, is
estimated to counter the obstructing factors.
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Oxide Pigments Market https://www.marketresearchfuture.com/sample_request/6994
Market
Segmentation
The segment analysis of the global iron oxide
pigments market is done by type, color, and end-use industry.
The type-based segments of the global iron
oxide pigments are natural and synthetic.
The color-based segments of the global iron oxide
pigments are red, yellow, black, and others.
The end-user based segments of the global
iron oxide pigments are paints and coatings,
construction, plastics, pharmaceuticals, paper, cosmetics and personal care,
food & beverage, and others.
Regional
Analysis
Based on geography, the global iron oxide
pigments is segmented into Asia-Pacific, Europe, North America, and the Rest of
the World (RoW). As per the study, the global market is estimated to be
dominated by the APAC region and is likely to retain its position throughout
the evaluation period. The development in the region can be attributed to the
prospering construction industry in emerging economies such as China, India,
Thailand, and Indonesia on account of the growing demand for residential construction,
increased per capita income, and surging population. Further, initiatives such
as Smart Cities Mission and Housing for All by 2022 undertaken by the Indian
government is projected to shoot the regional market significantly.
North America is projected to take the second
position during the forecast period. The increasing demand from various
end-user industries such as pharmaceuticals, construction, cosmetics, and
personal care, and packaging are anticipated to be the most significant factor
in developing the regional market. Further, the increased expenditure on
healthcare, along with the rising geriatric population, is likely to further
fuel the market significantly in the forthcoming period. In addition, the
increased demand from end-user industries like pharmaceuticals, construction,
packaging, and cosmetics and personal care is projected to fuel the regional
market additionally.
Europe is estimated to prosper during the
review period on account growing packaging industry with the increasing demand
for packaged food and beverages. Further, the application of water-based
coatings in the automotive industry to lessen the volatility of organic
compounds emissions is estimated to affect the market positively.
Latin America is projected to witness
moderate growth owing to the increasing cosmetics and personal care industry in
Brazil and Mexico.
The MEA region is likely to witness decent
growth owing to the rising industrial base in the region.
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and Technical Industry Insights @ https://www.marketresearchfuture.com/reports/iron-oxide-pigments-market-6994
Key
Players
The renowned players of the global iron oxide
pigments market are Brenntag Specialties,
Inc.(Singapore), BASF SE (Germany), Lanxess (Germany), Huntsman Corporation (US),
Heubach GmbH (Germany), Tronox Limited (US), Applied Minerals Inc.(US), Cathay
Industries (Hong Kong), Hunan Sanhuan Pigment Co., Ltd.(China), and Venator
Materials PLC.(UK).
NOTE: Our Team of Researchers is
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
TABLE OF CONTENTS:
1 Executive Summary
2 Market Introduction
3 Market Research Methodology
4 Market Dynamics Of Global Iron
Oxide Pigments Market
5 Market Factor Analysis Of Global
Iron Oxide Pigments Market
6. Global Iron Oxide Pigments Market,
By Color
7. Global Iron Oxide Pigments Market,
By Type
8. Global Iron Oxide Pigments Market,
By End-Use Industry
9. Global Iron Oxide Pigments Market,
By Region
10. Company Landscape
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