Iron oxide is a widely used chemical compound which is composed of iron and oxygen and is also known as ferric oxide. It can be obtained by both natural and synthetic methods. Iron oxide is mainly used as pigment and catalysts for various applications. Iron oxide possesses different physical and chemical properties such as it can absorb Ultra-violet radiations, has great hiding power, paramagnetic in nature and others
Market Dynamics
The global iron oxide market has witness a surge in market growth in terms of revenue in recent past years, owing to the increasing applications in various end use industries. Manufactures of iron oxide are focusing on research and development of new iron oxide grades, which have a diverse set of applications in different industries. This expected to drive companies for investing in expansion of their product portfolios in future.
On the basis of application, construction segment has accounted for a substantial market share in terms of revenue, owing to the increasing infrastructural activities across the globe. Iron oxides are widely used as coloring agents for different construction materials such as bricks, tiles, aesthetic concrete and terracotta. Moreover, iron oxides are also used as pigments in paint & coating industry. These scenarios are projected to fuel the market growth in the forthcoming years.
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