Analysis and expectation of domestic market status of iron oxide red pigment

Red iron oxide pigment is an important inorganic pigment, its output is second only to titanium dioxide and occupy the second place in the world inorganic pigment, is the largest amount of color pigment, red iron oxide pigment is the largest demand for a class of iron oxide pigment.
 
Sales status and future trend of iron oxide red pigment in domestic market

According to the latest research of QYR, the sales revenue of iron oxide red pigment in the domestic market reached 932.62 million yuan in 2021, and it is expected that the domestic iron oxide red pigment will reach about 115,237 million yuan in 2028. The composite market growth rate of iron oxide red during 2022-2028 is 0.52%.

Iron oxide red pigment domestic market demand model 130 will increase

In terms of the demand for iron oxide red models in the domestic market, iron oxide red 130 occupies an important position and the market will increase. It is expected that the market share of iron oxide red 130 will reach 37.86% in 2028.
 
From the downstream application market on iron oxide red pigments needed mainly for coatings and paints

From the perspective of the downstream application market of iron oxide red in China in 2020, the paint and construction industries are the main application fields of iron oxide red in China, among which the paint and coatings field accounts for 45.3%, the construction field for 28.5%, rubber and plastic field for 16.2%, and paper field for 6.8%. Coatings and paints accounted for 26.72% of iron oxide red applications in 2021, showing a significant decline. The compound growth rate for several years is expected to be about 1.75%.
 
Domestic iron oxide red pigment core manufacturers
Core manufacturers in China’s iron oxide red market in 2021: Zhejiang Huayuan Pigments Co., LTD., Lanxes (China) Chemical, Jiangsu Yuxing Technology Co., LTD., Guangxi Haikang Qiming Pigments Co., LTD., Shanghai Yipin Pigments Co., LTD., Tongling Ruilai Technology, etc. According to the sales revenue of the above six companies, the top five manufacturers of iron oxide red pigment in the Chinese market will occupy about 73.13% of the market share in 2021.
 
The main international market of domestic iron oxide red pigment is North America

The export of red pigment of iron oxide is mainly concentrated in North America, mainly in the United States. Secondly, Europe and Southeast Asia are also important export markets of red pigment of iron oxide.

Trends of iron oxide red pigments in the next few years

With the urgent need of new material synthesis and rapid development of high and new technology, the current development trend of iron oxide red technology is based on various iron oxide red, give full play to the current advantages, gradually eliminate the low-end production mode, according to the market needs for high-end environmental protection and energy saving products, improve the purification technology. Continuous research and development of new products based on iron oxide pigment, such as iron oxide red pulp development, magnetic iron oxide red technology improvement.