IRON OXIDE MARKET ANALYSIS
The Global Iron Oxide market is projected to reach US$ 3.6 billion by the end of 2030, in terms of revenue, growing at CAGR of 5.20% during the forecast period (2023 to 2030).
| Report Coverage | Details | ||
| Base Year: | 2022 | Market Size in 2022: | US$ 2.4 Bn |
| Historical Data for: | 2017 to 2021 | Forecast Period: | 2023 to 2030 |
| Forecast Period 2023 to 2030 CAGR: | 5.20% | 2030 Value Projection: | US$ 3.6 Bn |
The construction application segment led the market and accounted for more than 45.0% share of the global revenue in 2022. The growing demand for decorative and finished materials in the construction sector, with traditional grey elements in walling, paving, and roofing materials being replaced by a variety of color schemes with the use of different colors is expected to drive the demand for iron oxide pigments over the forecast period.
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