Sales of Iron Oxide are Projected To Increase At A Healthy CAGR Of 4.1% in 2032
The global iron oxide market is anticipated to reach a value of US$ 3,775 Mn in 2032, with the market growing at an average CAGR of 4.1% from the forecast period of 2022 to 2032. Driven by escalating consumption in paints & coatings, plastic manufacturing, and construction industries, the iron oxide market is expected to reach an estimated US$ 2,525.85 Mn in 2022. Textiles, ceramics, and other end-use industries are also contributing to the growing demand for iron oxide in the global market. The continuous urbanization process occurring all over the world as well as the rapidly expanding construction industry and increasing investment in infrastructure development amplify the consumption of iron oxides in the forthcoming years. Characteristics like superior chemical stability, dispersibility, and high thermal stability, further augment the demand of iron oxides in the paints & coatings and construction industries. An inorganic pigment with excellent properties like good