According to a new market report published by Lucintel, the future of the iron oxide market looks promising with opportunities in the construction, paint and coating, plastics, chemicals, and paper and pulp applications. The global iron oxide market is expected to grow with a CAGR of 4% from 2020 to 2025. The major drivers for this market are increasing adoption of iron oxide in the plastics, steel, cosmetics and biomedical sectors and the growing use of iron oxide pigments in leather, architectural products, aquarium, and ceramic tiles.
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In this market, red, black, and yellow are the major product types of iron oxide. Lucintel forecasts that red iron oxide will remain the largest segment over the forecast period due to its increased usage and greater demand in various applications.
Within this market, construction will remain the largest segment by application over the forecast period due to high product demand, particularly in concrete blocks.
Asia Pacific will remain the largest region over the forecast period owing to growing infrastructure and rapid industrialization in the region.
Applied Minerals, LANXESS, Cathay Industries, Huntsman, Hunan Three-Ring Pigments, Kronos, BASF, Jiangsu Yuxing, Titan Kogyo, and Kolorjet Chemicals are among the major suppliers in the global iron oxide market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global iron oxide market by application, product type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Iron Oxide Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global iron oxide market by application, product type, and region as follows:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Construction
Paint and Coating
Plastic
Chemical
Paper and Pulp
Others
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Red Iron Oxide
Black Iron Oxide
Yellow Iron Oxide
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
Italy
United Kingdom
German
France
China
India
South Korea
Japan
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.