Iron oxide pigments (IOP) are likely to see increased demand in ornamental concrete applications because to their cost-effectiveness, durability, and cement compatibility. It is expected that increasing the use of iron oxide in the paints and coatings business will save money. Iron oxides are the most frequent chemical compounds containing iron (Fe) and oxides, and they are mostly used as iron catalysts, pigments, ores, and so on. Iron oxides can be produced using both natural and man-made materials. Natural iron oxide is primarily recovered from hematite (Fe2O3), a red iron oxide mineral, and magnetite (Fe3O4), a black iron oxide mineral, whereas synthetic iron oxide is produced through chemical processes such as oxidative precipitation of iron salts, thermal breakdown of iron salts, and the aniline process. Because of their low cost, durability, and cement compatibility, iron oxide pigments (IOP) are expected to find rising demand in decorative concrete applications. It is believed that expanding the usage of iron oxide in the paints and coatings industry would result in cost savings.
According to Coherent Market Insights, the Global Iron Oxide Market is projected to reach US$ 3.1 billion by the end of 2027, in terms of revenue, growing at CAGR of 4.4% during the forecast period (2019 to 2027).
Top Companies in the Iron Oxide Industry:
1. LANXESS AG
The company’s product portfolio consists of REACH, advanced intermediaries, performance chemicals, performance materials, and ARLANXEO. REACH provides chemical substance handling solutions by offering registration, evaluation, authorization, and restriction of chemicals. LANXESS was founded in 2004 and is based in Cologne.
2. Huntsman International LLC
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2013 revenues of over $11 billion. Their chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. The company was founded in 1970, headquartered in Texas U.S. acquired by Breedon group.
3. Cathay Industries
Cathay Industries is a manufacturer and distributor of synthetic iron oxide pigments and colour solutions. Founded in 2017, headquartered in Illinois, U.S. on Novemeber 2021, Cathay Industries has entered into an agreement with Venator Materials PLC to purchase its iron oxide pigment business.
4. Toda Kogyo Corporation
Toda Kogyo engages in the manufacture and sale of functional pigments and electronic materials. On July 2018, TDK expanded its advanced materials technology by acquiring TODA Kogyo shares and enhancing joint development activities. The company was founded in 1933, headquartered in Hiroshima, Japan.
5. Alabama Pigments Company, LLC
Alabama Pigments Company produce mines, processes, blends, and distributes natural red iron oxide pigments. They offer agricultural products, bricks, liquid dye, precision hardener, wax polish, and other pigments. their two factories are represented by numerous distributors and warehouses. The company was founded in 1993, headquartered in Alabama, U.S.
6. Jiangsu Yuxing Industry and Trade Co., Ltd.
Jiangsu Yuxing Industry and Trade Co., Ltd manufactures pigments. The Company produces micronized iron oxide pigments, ceramic iron oxide pigments, granular iron oxide pigments, and other products. Jiangsu Yuxing Industry and Trade markets its products at home and abroad. The company is headquartered in china, founded in 1977.
7. Shenghua Group Deqing Huayuan
Shenghua Group Holdings Co., Ltd. (Shenghua Group for short) was established in 1985. Shenghua Group has made excellent achievements in all these fields, especially in manufacturing sector. The "MOGANSHAN" brand owned by Zhejiang Shenghua Yunfeng Greeneo Co., Ltd. has been the preferred brand of home decoration for consumers, with product range from single decorative boards to full series including board, wardrobe, cabinet, wooden door, floor and scientific and technological wood. Zhejiang Huayuan Pigment Co., Ltd. has become the largest iron oxide manufacturer in Asia and 2nd largest worldwide. Headquartered in Zhejiang, China.
8. Hunan Three-Ring Pigments Co., Ltd.
Hunan Shenghua Technology is an enterprise specializing in R&D, production, and sales of cathode materials for lithium batteries. The company's cathode materials are manufactured using nickel-cobalt, iron phosphate, and manganese materials and can be used in e-vehicles and telecom base station batteries. It was founded in 2008 and is headquartered in Zhuzhou, Hunan, China.
9. Tata Pigments Company
Tata Pigments manufactures paints, building materials, plastic, rubber goods, paper, and pigments. They offer pigments that include a red oxide, orange oxide, black oxide, yellow oxide, brown oxide, and inks. They provide decorative products such as dry cement paints, acrylic distempers, emulsion paints, putty, cement primer, solvent primers, enamel paints, industrial paints, and gamla paints. They offer paint application services, industrial painting services, civil painting and flooring, structural painting, and plant maintenance painting. The company was founded in 1927, headquartered in Jharkhand, India.
*Definition - Iron oxides are the most common chemical compounds that contain iron (Fe) and oxides and are mostly employed as iron catalysts, pigments, ores, and so on. Natural and manmade resources can be used to produce iron oxides. Natural iron oxide is recovered mostly from hematite (Fe2O3), red iron oxide mineral, and magnetite (Fe3O4), black iron oxide, whereas synthetic iron oxide is created using chemical procedures such as oxidative precipitation of iron salts, thermal breakdown of iron salts, and aniline process.
