Chemicals

Global Iron Oxide Pigment Market is estimated to grow considerably in the forecast period owing to the increase in demand from paint, plastic, and construction sectors. Iron Oxide Pigments (IOP) are the largely available colored inorganic pigments, which imply several applications. They are cost effective, non-toxic materials comprising oxyhydroxides and iron oxides. When iron oxides are granulated, they offer several benefits like color stability, resistance against weather, durability, compatibility with cement, and superior resistance to UV radiation. Iron oxide pigment market is driven by escalating demand from end user segments like cosmetics. Growing infrastructural activities worldwide in emerging economies are also stimulating the demand for iron oxide pigments, thereby encouraging the market growth of iron oxide pigment. Moreover, increasing drilling activities and growing demand from floating production storage and offshore rigs and offloading are predicted to accelerate th...