The global iron oxide market is anticipated to reach a value of US$ 3,775 Mn in 2032, with the market growing at an average CAGR of 4.1% from the forecast period of 2022 to 2032. Driven by escalating consumption in paints coatings, plastic manufacturing, and construction industries, the iron oxide market is expected to reach an estimated US$ 2,525.85 Mn in 2022.

Textiles, ceramics, and other end-use industries are also contributing to the growing demand for iron oxide in the global market. The continuous urbanization process occurring all over the world as well as the rapidly expanding construction industry and increasing investment in infrastructure development amplify the consumption of iron oxides in the forthcoming years.

Characteristics like superior chemical stability, dispersibility, and high thermal stability, further augment the demand of iron oxides in the paints coatings and construction industries.  An inorganic pigment with excellent properties like good resistance to UV rays, high thermal stability, and high dispersibility promote iron oxides’ use the development of numerous construction materials such as cobblestone, roof tiles, floor tiles, and concrete.

Key Takeaways:

• Rising adoption of iron oxide in beauty and cosmetics sector to stimulate market opportunities.
• High costs and strict regulations may hamper the market growth.
• Paints and coatings sector to drive the market growth in the U.S.
• Germany will account for a 6.7% share of the iron oxide market.
• By type, red powdered iron oxide to register high demand.

Competitive Landscape 

Lanxess AG, Huntsman International LLC, Cathey Industries, Toda Kogyo Corporation, Alabama Pigments Company, LLC, Jiangsu Yuxing Industry and Trade Co. Ltd., Golccha Pigments Pvt. Ltd., Shenghua Group Deqing Huayuan Pigment Co. Ltd., Tata Pigments Company, Yaroslavsky Pigment Company, and Hunan Three-Ring Pigments Co. Ltd among others are some of the major players in the iron oxide market profiled in the full version of the report.

Leading market players are interested in developing new formulations of iron oxides as well as producing and developing more sustainable iron oxide solutions. Some other enterprises are focusing on manufacturing different grades of iron oxide and expand their production capacity to cater to a large consumer base and strengthen their market presence.

More Insights into Iron Oxide Market Report

In its latest report, FMI offers an unbiased analysis of the global iron oxide market, providing historical data from 2014 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on product type (red, yellow, black, brown, orange, green, other blends), application (construction, paint coatings, plastics, chemicals, paper pulp manufacturing, textile, ceramics, leather, other (fertilizer, cosmetics, rubber)), and region.

According to the latest FMI reports, based on region, the iron oxide market in the U.S. is expected to present substantial growth over the forecast period. The market in this country is likely to grow at a very fast pace. Heightened demand for the product in paints coatings, plastics, and construction are propelling the market growth in this region.

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