Theplayers within the global ironoxide pigments market are concentrating their effortson organic growth strategies. The last few years have seen a heightened demandfor these pigments which has resulted in players looking to capitalize on thistrend. Many companies are also looking for expansion of their manufacturingfacilities. For instance Lanxess has encompassed its milling and mixingplant to its existing pigment plant in Ningbo, China. Companies within themarket are becoming increasingly responsible towards the environment andtherefore many of the companies are producing eco-friendly pigments as well asmaking use of eco-friendly and cost-effective manufacturing processes, statesTransparency Market Research (TMR) in its latest report on the global ironoxide pigments market. Key players operating within the market include:Huntsman Corporation., Cathay Industries, Hunan Three-ring Pigments Co., Ltd.,E.I. du Pont de Nemours and Company, BASF SE, Lanxess AG, and Kronos Worldwide,Inc.
Accordingto TMR, the global iron oxide pigments market is will be worth US$1,951.8 mn bythe end of 2025. In terms of type, the demand for synthetic iron oxide pigmentswill be higher than natural iron oxide pigments on account of their cheaperrates, good dispersibility, and high tinting strength. In terms of colour type,the red colour pigment will be much more in demand as compared to any othercolour, followed by the yellow colour pigment.
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BoomingConstruction Sector in Asia Pacific to Drive Demand for Iron Oxide Pigments
On thebasis of geography, the Asia Pacific will lead in the iron oxide pigmentsmarket. The region accounted for 43.5% of the market in 2017. In terms of enduser, the construction sector will be the largest consumer of iron oxidepigments. The construction industry is thriving all across the globe, andespecially in emerging economies of Asia Pacific.
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Growing Investments by Governmentstowards Infrastructure Development Fuelling Demand for Iron Oxide Pigments
As per aTMR analyst, “the rise in the number of construction and infrastructurebuilding activities worldwide, but especially in developing nations, is theprimary reason fuelling the demand for iron oxide pigments. The increasinginitiatives taken by governments in developing nations for urbanization is alsobenefitting the market for iron oxide pigments. The investments by governmentstowards infrastructure development will push the demand for iron oxidepigments. The demand for these pigments will also rise from the plasticindustry.
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Strict Regulations Aimed at CurbingEmissions to Pose a Challenge for Market
Iron oxidepigments have various beneficial properties such as improved colour strength,weather resistance, chemical resistance, light stability, improved durability,opacity, and heat stability. They also boost physical and mechanical propertiesof substrates. All these factors are expected to continue to boost the demand forthese pigments in the years to come. On the other hand, the growingnumber of strict regulations aiming to curb emissions and reduce soil pollutionwill impact the market in a negative manner.
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