In keeping with a market record published with the aid of Future Market Insights titled “global iron oxide market in its trendy file titled ‘iron oxide market: worldwide enterprise analysis and opportunity evaluation, 2015 – 2025’, the lengthy-term outlook on the worldwide iron oxide market is fantastic with the market fee predicted to grow at a CAGR of 4.3% in the course of the forecast period, accomplishing an envisioned market size valued at around US$ 1.8 Bn.
Iron oxides are generally available chemical substances composed of iron (Fe) and oxides. Iron oxides are in particular used in the form of iron ores, pigments, catalysts, etc. They may be constituted of each natural and artificial resource and numerous sorts of iron oxides are produced in various colors.
The iron oxides represented via the chemical method fe2o3 are mainly red-colored and brown-colored iron oxides. Of the diverse kinds of iron oxides, number one iron oxides, inclusive of red, black, and yellow kinds are estimated to keep a majority proportion using the value in the global iron oxide market.
The iron oxide market has been analyzed primarily based on product kind and application. In the various product type segments, the pink iron oxide section is expected to account for over 40% of the overall intake of iron oxide while growing at a giant CAGR in phrases of value over the forecast length. Based on utility, the development materials section holds a dominant percentage at the gift and is expected to keep a majority percentage at some stage in the forecast length.
Iron oxide market individuals
a number of the market contributors recognized inside the 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., Yaroslavsky Pigment Company, Tata Pigments Company, and Shenghua Group Deqing Huayuan.
Pinnacle three gamers inside the worldwide iron oxide market account for close to half of the overall iron oxide manufacturing globally. Numerous producers of iron oxide pigments are focusing on the development of new packages to decorate their market proportion.
For example, blends of iron oxides are finding application in golfing courts. In June 2014, Lanxess AG developed a blend of organic phthalo blue pigment Levanyl “Blue G-LF” and inorganic iron oxide pigment “Bayferrox 91” for the color of white sand on golfing courts.