What is Synthetic Iron Oxide Market?
Synthetic iron oxide is produced from iron salt by precipitation or calcination under the controlled conditions. It is purer as compared to natural iron oxide. The synthetic iron oxides are produced from three production methods which includes solid state transformation, precipitation of iron salts, and organic reduction process. The first method includes thermal decomposition, whereas the second method includes the oxidation. Moreover, the synthetic iron oxide has applications in construction, coating, plastic, paper, and others
Highlights from Synthetic Iron Oxide Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Lanxess (Germany), BASF (Germany), Dowdupont (United States), Kronos Worldwide (United States), Tronox (United States), Heubach (India), Applied Minerals (United States), Cathay Industries (United States), Hunan Three-Ring Pigments (China) and Alabama pigments (United States) |
The market of synthetic iron oxide is fragmented as it consists of major as well as emerging players. They are looking for new product launch or expansion to gain competitive advantage in upcoming years. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Synthetic Iron Oxide market throughout the forecasted period.
Lanxess (Germany), BASF (Germany), Dowdupont (United States), Kronos Worldwide (United States), Tronox (United States), Heubach (India), Applied Minerals (United States), Cathay Industries (United States), Hunan Three-Ring Pigments (China) and Alabama pigments (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Arjun polymers (India). Synthetic Iron Oxide Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Construction, Coating, Plastic, Paper and Other |
Sales channel | Direct sales,Distributors |
Pigments | Yellow,Orange,Red,Black |
Method of Production | Solid state transformation,Precipitation of iron salts,Organic reduction process |
On the basis of geography, the market of Synthetic Iron Oxide has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Application Categories for the Development of Value Added Product Grades
Market Growth Drivers:
Rising Construction Industry is Fueling the Market Growth and Wide Range of Applications Such as Paints, Plastics, Ceramics, and Chemicals
Challenges:
Availability of Substitute Products
Restraints:
Stringent Regulations on the Production of Iron Oxide is Leading to Increase in Costs
Opportunities:
Rapid Expansion in Urbanization is Boosting the Market
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others
On 3rd November 2017, Lanxess has launched new generation iron oxide red pigments. Its characteristics fulfills the high demand of coating industry.