Analysis and Expectation of the Domestic Market of Iron Oxide Red Pigment

Iron oxide red pigment is an important inorganic pigment. Its output is second only to titanium dioxide and ranks second in the world in inorganic pigments. It is the color pigment with the largest consumption. Iron oxide red pigment is a class of iron oxide pigments with the largest demand.

1. Domestic market sales status and future sales trend of ferric oxide red pigment

In 2021, the domestic market sales revenue of iron oxide red pigment will reach 932.62 million yuan. It is estimated that the domestic sales revenue of iron oxide red pigment will reach 1152.37 million yuan in 2028. During 2022-2028, the annual composite market growth rate of iron oxide red will be 0.52%.

2. The domestic market demand of iron oxide red pigment model 130 will increase

From the domestic market demand for iron oxide red models, iron oxide red 130 occupies an important position and the market will increase. It is estimated that the market share of iron oxide red 130 will reach 37.86% by 2028.

3. The demand for iron oxide red pigment from the downstream application market is mainly coatings and paints

From the perspective of the downstream application market of China's iron oxide red in 2020, the paint and construction industries are the main application fields of China's iron oxide red, of which the paint and coating industry accounts for 45.3%, the construction industry accounts for 28.5%, the rubber and plastic industry accounts for 16.2%, and the paper industry accounts for 6.8%. In 2021, coatings and paints will account for 26.72% of the iron oxide red, showing a significant decline. It is estimated that the compound growth rate in several years will be about 1.75%.

4 Domestic core manufacturers of iron oxide red pigment

According to the sales revenue of the top six core manufacturers in the iron oxide red market, the top five manufacturers of iron oxide red pigment in the Chinese market will occupy about 73.13% of the iron oxide red market in 2021.

5. The main international market of domestic ferric oxide red pigment is North America dominated by the United States

Domestic iron oxide red pigment exports are mainly concentrated in North America, mainly in the United States, followed by Europe and Southeast Asia, which are also important export markets of iron oxide red pigment in China.

6 Trend of iron oxide red pigment in the coming years

With the urgent need for new material synthesis and rapid development of new and high-tech, the current development trend of iron oxide red technology is to take various iron oxide red as the basis, give full play to the current advantages, gradually eliminate the low-end production mode, improve the purification technology according to the market demand for high-end environmental protection and energy saving products, and constantly develop new products based on iron oxide pigments, such as the development of iron oxide red paste, the improvement of magnetic iron oxide red technology, etc.