The global ferric hydroxide market is expected to reach US$ 1 billion by the end of 2029

Yellow iron oxides/iron (III) oxide hydroxide and other ferric hydroxide-based products are widely used in the construction industry to make concrete products such as bricks, blocks, decorative concrete, paving stones, ready-mixed concrete, and roofing tiles. The growth of residential development in emerging countries is largely due to population expansion.


The ferric hydroxide market will benefit from the building industry's rapid expansion. Through creative sales channels, a number of local/regional firms are supplying their products to the construction industry. On the strength of India's and China's increasing building industries, the ferric hydroxide market in Asia Pacific is predicted to rise significantly.

The global ferric hydroxide market is expected to reach US$ 1 billion by the end of 2029, with a CAGR of 5% expected between 2019 and 2029. According to market research, East Asia and North America will continue to account for almost half of the global ferric hydroxide market's revenue.

Growing Application of Yellow Iron Oxide in Paints & Coatings

Yellow iron oxide (Iron (III) oxide-hydroxide) based on ferric hydroxide is widely utilised in the paint and coatings industry for a variety of applications. Pigments and other sorts of coatings, such as architectural and ornamental coatings, automotive and commercial vehicle coatings, industrial coatings, anti-corrosive paints, and so on, all employ yellow iron oxide.

Furthermore, due to its cost-effectiveness when compared to organic pigments, the use of yellow iron oxide pigments is expanding. In comparison, inorganic pigments are more popular in North America and Europe.

Colorants for ceramics, paper, rubber, plastics, glass, and textiles, as well as animal feed, cosmetics, fertilisers, industrial chemicals, and other uses, ferric hydroxide-based products are employed.Several market participants sell application-specific yellow iron oxide as a colour additive for a variety of applications, including cosmetics, food, and paper. As a result, the widespread usage of ferric hydroxide in a variety of applications is expected to boost the ferric hydroxide market's growth.

Comments

Popular posts from this blog

Continuous Glucose Monitoring (CGM) Devices Market -Dynamics and Forecast

YOU YES YOU!

Key Benefits of Breath Analyzer Market