A latest study by Grand View Research shows that the global iron oxide pigment market will be about 2.2 billion U.S. dollars in 2020, and it will show steady growth in the next few years.
The study pointed out that iron oxide red accounts for more than 42% of the global iron oxide pigment market share and is the largest market segment. This is due to its pure chromaticity, strong tinting power, and high light fastness, which is suitable for more fields such as coatings. , Paper, rubber, ceramics, plastics, ceramic tiles, floor materials, etc. In addition, iron oxide yellow has bright chromaticity and purity, high hiding power, high stability and weather resistance, and is widely used in the fields of imitation marble, coatings, concrete, etc.
Compared with natural iron oxide pigments, synthetic iron oxide pigment products account for more than 69%. This is because synthetic pigment products have more prominent coloring power, stability and UV resistance, and are more widely used.
From the perspective of application fields, the construction field is the application field with the largest proportion of iron oxide pigments, reaching more than 45%. As the traditional gray walls, pavements, roofs, etc. are increasingly replaced by colorful solutions, the materials used in building decoration require more and more iron oxide pigments, thereby promoting the development of the iron oxide pigment market. The second is the field of coatings, especially exterior wall architectural coatings and industrial coatings, which have more applications, showing excellent durability, stability and corrosion resistance.
In addition, because iron oxide has excellent dispersibility, thermal stability, light stability, chemical stability, UV resistance and other properties, it has been increasingly used in the plastics field. In the field of papermaking, iron oxide pigments are also widely used as colorants, especially decorative papers use more iron oxide pigments. The study pointed out that catering to various aesthetic requirements is one of the main factors that promote the application of iron oxide pigments in the paper industry.
From a regional perspective, the Asia-Pacific region is the world's largest iron oxide pigment market, accounting for more than 39%, thanks to the more significant driving role of the construction industry in this region.
