Global Synthetic Iron Oxide Pigments Market, By Colour (Red, Black, Yellow and Other Colours), End User Industries (Building and Construction, Paints and Coatings, Plastics, Paper, Pharmaceutical and Other End User Industries), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights: Global Synthetic Iron Oxide Pigments Market
Data Bridge Market Research analyses that the synthetic iron oxide pigments market will witness a CAGR of 5.60% for the forecast period of 2022-2029. Growth in the synthetic iron oxide pigments especially in the developing economies like India and China, growing use of synthetic iron oxide pigments for a wide range of end user applications such as paints and coatings, plastics, paper and other end user applications, increasing investment by the government for research and development activities and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the synthetic iron oxide pigments market. Therefore, the synthetic iron oxide pigments market value, which was USD 1,500 million in 2020, would rocket up to USD 2,449.43 million by 2029.
Iron oxide pigments are used for a wide range of industrial applications. Synthetic iron oxide pigments are produced under controlled conditions to attain the desired colours. Synthetic iron oxide pigments are high grade pure chemicals that are colour resistant when exposed to sunlight.
Rise in demand for synthetic iron oxide pigments by the pharmaceuticals industry in developed and developing economies is the root cause fuelling up the market growth rate. Rising application areas for synthetic iron oxide pigments such as inks and ceramics, surging buildings and construction activities especially in the developing economies and growth and expansion of various end user industries especially in the developing economies will also directly and positively impact the growth rate of the market. Rising awareness about the benefits of synthetic iron oxide pigments, rising expenditure for research and development proficiencies by the major companies, upsurge in the rate of industrialization and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High cost associated with research and development proficiencies, surging geopolitical issues, unfavourable market conditions arising as a result of coronavirus outbreak and strict global trade restrictions will dampen the market growth rate. Lack of strong marketing and branding structure and health issues associated with its application will also create difficulties for the market.
This synthetic iron oxide pigments market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on synthetic iron oxide pigments market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Synthetic Iron Oxide Pigments Market Scope and Market Size
The synthetic iron oxide pigments market is segmented on the basis of colour and end user industries. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- Based on colour, the synthetic iron oxide pigments market is segmented into red, black, yellow and other colours.
- Based on end user industries, the synthetic iron oxide pigments market is segmented into building and construction, paints and coatings, plastics, paper, pharmaceutical and other end-user industries.
Global Synthetic Iron Oxide Pigments Market Country Level Analysis
The synthetic iron oxide pigments market is analysed and market size, volume information is provided by country, colour and end user industries as referenced above.
The countries covered in the synthetic iron oxide pigments market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the synthetic iron oxide pigments market owing to the increase in the research and development activities, favourable investment policies by the government in order to promote industrial growth, high economic growth in the emerging countries, abundant availability of raw materials, surging urbanization and industrialization and growth and expansion of various end user industries are some are important driving factors for this region.
The country section of the synthetic iron oxide pigments market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Synthetic Iron Oxide Pigments Market Share Analysis
The synthetic iron oxide pigments market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to synthetic iron oxide pigments market.
Some of the major players operating in the synthetic iron oxide pigments market report are BASF SE, DuPont., Raveshia Group, CATHAYINDUSTRIES, Golchha Oxides Pvt Ltd.., Xinxiang Rongbo Pigment Science & Technology Co., Ltd., LANXESS, Huntsman International LLC., APPLIED MINERALS INC., Hunan Sanhuan Pigment Co., Ltd., CHEMIPOL, S.A., Dhirajlal And Company., Proquimac, Selective Minerals And Color Industries Private Limited., G. T. B. Plast India., Shenghua Group Deqing Huayuan Pigment Co., LTD., Zhejiang Tongchem Industry Group Co., Ltd, KPL International Limited, MUSCLEROX and YIPIN PIGMENTS (EN) among others.
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