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Iron oxide pigments are durable colored pigments used in various applications such as constructions, industrial coatings, varnishes, paper, fertilizers, and plastics. These are nontoxic inorganic pigments composed of iron oxides and oxyhydroxides with relatively economical prices. Iron oxide pigments are of two types namely synthetic or natural. The basic property that differentiates synthetic iron oxide pigments from the natural is the purity level, which is lower in natural iron oxide pigments. The level of contamination defines the working efficiency of these pigments.
The iron oxide pigment market is a growing market driven by the increased demand from the end users. Asia-Pacific leads the iron oxide pigment market followed by North America and Europe due to the strategic developments such as product launch and increased R&D activities in the construction, plastics, and other industries. The iron oxide pigment market is expected to register moderate growth in the near future. Some of the major factors that drive the iron oxide pigment market are infrastructural developments, growing urbanization, and growth of the end user industries like fertilizers, textiles, paper, plastics, and others. However, factors such as fluctuations in exchange rates and raw material prices are expected to restrain the market growth during the forecast period.
The report segments the iron oxide pigments market on the basis of type, color, end user industry, and geography. On the basis of type, the market is segmented into natural and synthetic. On the basis of color, the market is divided into red, yellow, black, and other colors. The report is further segmented by end user industry such as coatings, construction, paper, plastics, textiles, and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive competitive analysis and profiles of major market players such as BASF SE, Huntsman Corporation, Applied Minerals Inc., Cathay Industries, Lanxess AG, E. I. Du Pont De Nemours and Company, Kronos Worldwide, Inc., and Tronox Limited is also provided in the report.
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