Iron Oxide Pigment Market Applications and Market– Industry Analysis, Size, Share, Growth and Forecast 2028

 

Market Analysis and Insights of Iron Oxide Pigment Market

Data Bridge Market Research analyses that the iron oxide pigment market will witness a CAGR of 4.34% for the forecast period of 2021-2028. Increasing process improvement for environment friendly manufacturing products, growing use of iron oxide pigment by a wide range of ends user verticals such as building and construction, paints and coatings, plastics, paper, pharmaceutical and other end user industries and surge in industrialization, especially in the developing countries are the major factors attributable to the growth of the iron oxide pigment market.

Iron oxide pigments can be manufactured using both natural and synthetic sources. The iron oxide pigments possess good heat and light stability. The iron oxide pigments also exhibit other beneficial characteristics such as good durability to substrates and good colour strength. Iron oxide pigments are available in a wide range of colours in the market and can be used for a wide range of applications.

The rise in demand for iron oxide pigments for its application into inks, ceramics, paper and pulp, and rubbers is the root cause fuelling up the iron oxide pigment market growth rate. Rising industrialization coupled with increasing awareness about its beneficial properties will also directly and positively impact the growth rate of the iron oxide pigment market. Growth and expansion of plastics industry and other end user verticals will further carve the way for the growth of the iron oxide pigment market. Increasing building and construction activities, especially in the developing economies, will also bolster the iron oxide pigment market growth rate.

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