(MENAFN- America News Hour)In a recently published report, Global Iron Oxide Pigments Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Iron Oxide Pigments Market products.
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Global Iron Oxide Pigments Market is valued approximately USD 2.10 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.7 % over the forecast period 2020-2027. Iron Oxide Pigments have higher tinting strength and opacity due to which they are very popular alternative to naturally-occurring pigments. . They are generally used as inexpensive, durable pigments in paints, coatings and colored concretes. They can be used in different types of paints and coatings under extreme atmospheric and weather conditions. They are durable colored pigments which are applied in various processes such as constructions, industrial coatings, varnishes, paper, fertilizers, and plastics. Further, increased demand from the end users, innovative product launch through increased R & D activities in the construction, plastics, and other industries has led the adoption of Iron Oxide Pigments across the forecast period. For Instance: as per the National Development and Reform Commission, China approved 26 infrastructure projects at an estimated investment of about USD 142 billion in 2019. However, fluctuation in exchange rates and raw material prices impedes the growth of the market over the forecast period of 2020-2027. Also, with the infrastructural development and growing urbanization, the adoption & demand for Iron Oxide Pigments is likely to increase.
The regional analysis of global Iron Oxide Pigments market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to growing construction activities, urbanization and availability of cheap labor and raw material. For instance: India launched many schemes like smart cities development and other schemes like“housing for all”. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as increasing foreign investments which has developed manufacturing and industrial sectors and government initiatives would create lucrative growth prospects for the Iron Oxide Pigments market across Asia-Pacific region.
Major market player included in this report are:
Huntsman International LLC
Venator Materials PLC
Applied Minerals, Inc.
KRONOS Worldwide, Inc.
Hunan Sanhuan Pigment Co., Ltd.
Titan Kogyo, Ltd. (Titanium Industry Co., Ltd.)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Iron Oxide Pigments Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
About Kenneth Research
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