Iron Oxide Market

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IRON OXIDE MARKET ANALYSIS

• Iron Oxide Market, By Product Type (Red Iron
  Oxide, Yellow Iron Oxide, Black Iron Oxide,
  Orange Iron Oxide, Brown Iron Oxide, Green Iron
  Oxide, Other Blends), By Application
  (Construction, Paints Coatings, Plastics,
  Chemicals, Paper Pulp Manufacturing, Textile,
  Ceramics, Leather, Others (Fertilizers,
  Cosmetics, Rubber)), and By Region (North
  America, Latin America, Europe, Asia Pacific,
  Middle East Africa) - Size, Share, Outlook, and
  Opportunity Analysis, 2019 - 2027

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• Iron oxides are the most popular chemical
  compounds contain iron (Fe) and oxides and are
  mainly used in the form of iron catalysts,
  pigments, ores, etc. Iron oxides can be
  manufactured from both natural and synthetic
  resources. Natural iron oxide is mainly extracted
  from hematite (Fe2O3), red iron oxide mineral and
  magnetite (Fe3O4), black iron oxide whereas
  synthetic iron oxide is produced by chemical
  production methods such precipitation of iron
  salts due to oxidation, thermal decomposition of
  iron salts, and aniline process.
• The Global Iron Oxide market is projected to
  reach US 3.1 billion by the end of 2027, in
  terms of revenue, growing at CAGR of 4.4 during
  the forecast period (2019 to 2027).
• Drivers
• 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.

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Figure 1.  Global Iron Oxide Market, Revenue
Share (), By Region, 2018
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• Market Restraints
• Strict government rules and regulations regarding
  the production of iron oxides are expected to
  hinder the market growth of iron oxide. Hazardous
  effluents released during the production of iron
  oxides have a negative impact on the environment
  as well as human health. Therefore, such
  environmental impact associated with the
  production of iron oxide is estimated to restrict
  the market growth of iron oxide over the forecast
  timeframe.
• Lack of professionals for handling the iron oxide
  as a person needs to be properly trained on
  handling and storage of iron oxide is expected to
  limit the usage of iron oxide. Moreover, the
  powder form iron oxide requires special storage
  such as tight container and a well-ventilated
  area away from heat. The aforementioned factors
  are expected to restrain the market growth of
  iron oxide over the forecast period.

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• Market Opportunities
• 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.
• Increasing number of infrastructure projects
  around the globe is fueling the demand for
  different blends of iron oxide pigments is
  projected to foster the market growth of iron
  oxide. Moreover, iron oxide pigment manufacturers
  are highly focused on the adoption of
  environmentally friendly processes for the
  production of pigments due to stringent
  environmental regulations around the globe. This
  factor is projected to foster the market growth
  of iron oxide. 

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Figure 2. Global Iron Oxide Market Opportunity
Analysis
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• Market Trends
• 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. Moreover,
  the acquisition offers the commitment of DIC and
  Sun Chemical to sustainability, as these
  ultra-high-purity iron oxides are COSMOS
  (COSMetic Organic Standard) certified.
• Growing demand for iron oxide from the cosmetic
  industry where they are used in the production of
  cosmetic products such as eye shadow and talcum
  powder is projected to propel the market growth
  of iron oxide. They are safe and gentle for the
  skin surface and do not cause any allergic
  reaction. Moreover, iron oxide doesn't even cause
  any allergy to people with sensitivity.
  Therefore, the rising demand for iron oxide from
  the cosmetic industry is expected to foster
  market growth.

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Figure 3. Global Iron Oxide Market, Revenue Share
(), By Product Type, in 2018
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• Competitive Section
• Key players operating in the 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
• Few Recent Developments
• LANXESS AG
• In 2016 LANXESS completed commissioning of its
  inorganic pigments plant in Ningbo, (25,000 MT),
  with an additional facility for milling and
  mixing (70,000 MT) production is anticipated to
  commence during the first quarter of 2016. 
• In April 2015 LANXESS expanded its portfolio of
  iron oxide pigments by introducing the Bayferrox
  brand

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Figure 4. Global Iron Oxide Market Value Chain
Analysis
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