Chemicals and Materials Iron Oxide Pigments Market New | Page 2

The construction industry segment accounted for the largest share of the global iron oxide
pigments market in 2015. Increase in the number of infrastructure projects in the emerging
economies, such as China and India, offers significant growth opportunities in the iron
oxide pigments market.
Among end users, the coatings segment is expected to grow at the highest CAGR during the
forecast period. High demand of iron oxide pigments across varied applications, such as
interior and exterior coatings, industrial coatings, protective coatings, wood coatings,
automotive coatings, architectural coatings, and appliances coating, is expected to drive the
consumption of iron oxide pigments in this segment.
The Asia-Pacific region led the global iron oxide pigments market
The Asia-Pacific region led the global Iron Oxide Pigments Market in 2015. Product
innovations and new research & development projects as well as the increasing demand of
iron oxide pigments from the construction and coatings industries have fueled the growth
of the iron oxide pigments market in the Asia-Pacific region. The market in this region is
projected to grow at the highest CAGR between 2016 and 2021. Inorganic pigment
manufacturers in Europe are expanding their business in the Asia-Pacific region. Rising
demand from end users and investments made in the construction sector are additional
factors propelling the growth of the iron oxide pigments market in this region.
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Key players operating in the global iron oxide pigments market include Lanxess
AG (Germany), BASF SE (Germany), Huntsman Corporation (U.S.), E.I. Du Pont de Nemours
and Company (U.S.), Kronos Worldwide, Inc. (U.S.), Heubach GmbH (Germany), CATHAY
INDUSTRIES (U.S.), Hunan Three-ring Pigments Co., Ltd. (China), Tronox Ltd. (U.S.), and
Applied Minerals Inc. (U.S.).
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