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The future of the iron oxide market looks promising with opportunities in the construction, paint and coating, plastic, chemicals, and paper and pulp applications. The global iron oxide market is expected to grow with a CAGR of 4%-5% from 2020 to 2025. The major drivers for this market are increasing adoption of iron oxide from plastic, steel, cosmetic and biomedical sector and growing use of iron oxide pigments in leather, architectural products, aquarium, and ceramic tiles.
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