Iron oxide pigments industry Segmentation:
The Global Iron oxide pigments industry has been segmented by Colour, Type, End-Use Industry, and Region. Based on Type, the market has been segmented into natural and synthetic. The Synthetic Iron oxide pigments industry segment accounted for the largest market share in 2017 and is expected to witness significant growth during the review period. This growth can be attributed to the increasing demand in major end-use industries such as construction, pharmaceuticals, food & beverage, and cosmetics and personal care due to superior benefits offered which includes high tinting strength, consistency and high purity.
Based on Color, Red Iron Oxide Pigments segment accounted for the largest market share in 2017. Red Iron Oxide Pigments are widely preferred over yellow and Black Iron Oxide Pigments due to their superior properties such as excellent light and weather resistance, high coloring & hiding power, rust & UV resistance, and excellent pigment and chemical properties among others.
Based on End-Use Industry, the market has been segmented into, construction, paints and coatings, plastics, paper, pharmaceuticals, cosmetics and personal care, food & beverage, and others. The construction segment accounted for the largest market share on account of the increased spending in residential and non-residential construction globally. The paints and coatings segment is expected to be the second fastest-growing end-use industry as a result of the increasing demand in construction and automobile industry.
Iron oxide pigments industry Competitive Analysis:
Some of the key players in the Global Iron oxide pigments industry are Hunan Sanhuan Pigment Co., Ltd.(China), BASF SE (Germany), Tronox Limited (US), Venator Materials PLC.(UK), Lanxess (Germany), Applied Minerals Inc.(US), Heubach GmbH (Germany), Huntsman Corporation (US), Brenntag Specialties, Inc.(Singapore), and Cathay Industries (Hong Kong).
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Regional Analysis:
Based on Region, the Iron oxide pigments industry has been classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific accounted for the largest share of the Iron oxide pigments industry on account of the growing end-use industries in the region, especially the building and construction, paints & coatings, and cosmetics & personal care industries. An expanding population base and rising disposable income of consumers are the other factors driving market growth.
North America & Europe are prominent markets for Iron oxide pigments due to the increasing demand for paints and coatings in construction and automobile industry.
The markets in Latin America and the Middle East & Africa are likely to register moderate growth during the review period as a result of the growing industrial base in these regions.
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