Iron Oxide Market by Application, by Product, Regions, Size, Share, Growth, Analysis and Opportunities 2019 - 2027
Iron Oxide Market |
Iron oxide is a common chemical compound that comprises both iron (Fe) and oxide. Iron catalysts, pigments, ores, and other materials contain the chemical. It can be made both naturally and artificially. The red iron oxide minerals hematite and magnetite are the most common sources of natural iron oxide. Synthetic iron oxide is made using chemical processes such as oxidation-induced precipitation of iron salts, thermal breakdown of iron salts, and the aniline process.
The increasing use of iron oxide in the plastics, steel, cosmetics, and biomedical industries is a prominent factor driving the worldwide Iron Oxide Market forward. In addition, the use of iron oxide pigments in leather, architectural items, aquariums, and ceramic tiles is likely to fuel market growth over the projection period.
Government laws governing the use of iron oxide in certain countries are projected to stymie the global iron oxide market's expansion. The use of iron oxide nanoparticles for magnetic resonance imaging (MRI) scanning, a recent trend in the iron oxide market, is likely to assist the global iron oxide market's growth over the forecast period.
Market Segmentation:
by product type:
- Red Iron oxide
- Black Iron Oxide
- Yellow Iron Oxide
- Others
by application:
- Construction
- Paints & Coatings
- Plastics
- Chemicals
- Paper and Pulp Manufacturing
- Others
by region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Iron oxide pigments (IOP) are likely to see increased demand in decorative concrete applications as a result of their cost-effectiveness, durability, and cement compatibility. As a result of the expanding usage of iron oxide pigments in comparison to other types of pigments, the demand for IOP for architectural applications has increased dramatically, boosting iron oxide market growth.
The 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.
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