Iron Oxide Pigments Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Iron Oxide Pigments Market is Segmented by Product Type (Natural and Synthetic), Color (Red, Yellow, Black, and Other Colors), End-User Industry (Building and Construction, Paints and Coatings, Plastics, Paper, Pharmaceuticals, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The Report Offers Market Size and Forecasts for the Iron Oxide Pigments Market in Terms of Revenue (USD) for all the Above Segments.

Iron Oxide Pigments Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Iron Oxide Pigments Market Size

Iron Oxide Pigments Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 2.54 Billion
Market Size (2030) USD 3.16 Billion
CAGR (2025 - 2030) 4.50 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Iron Oxide Pigments Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Iron Oxide Pigments Market with other markets in Chemicals & Materials Industry

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Iron Oxide Pigments Market Analysis

The Iron Oxide Pigments Market size is estimated at USD 2.54 billion in 2025, and is expected to reach USD 3.16 billion by 2030, at a CAGR of greater than 4.5% during the forecast period (2025-2030).

The COVID-19 pandemic negatively impacted the market in 2020. This was because of the shutdown of the manufacturing facilities and plants due to the lockdown and restrictions. Supply chain and transportation disruptions further created hindrances for the market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied. 

  • The market is likely to grow because building and construction are becoming more popular. The market is also expected to grow because there is more demand for paints and coatings.
  • On the other hand, changes in raw material prices and strict rules about the environment are slowing the growth of the market.
  • Still, the increased development of iron oxide pigments that are good for the environment is likely to give the market a huge chance to grow.
  • The Asia-Pacific region is expected to dominate the global market, with the largest consumption coming from countries like China and India.

Iron Oxide Pigments Industry Overview

The market for iron oxide pigments is fragmented, and each player has a small share of the market. The major companies operating in the market (not in any particular order) include BASF SE, Raveshia Group, Cathay Industries, Golchha Oxides Pvt. Ltd., and Xinxiang Rongbo Pigment Science & Technology Co. Ltd., among others.

Iron Oxide Pigments Market Leaders

  1. BASF SE

  2. Raveshia Group

  3. Golchha Oxides Pvt Ltd.

  4. Xinxiang Rongbo Pigment Science & Technology Co., Ltd

  5. Cathay Industries

  6. *Disclaimer: Major Players sorted in no particular order
Iron Oxide Pigments Market Concentration
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Iron Oxide Pigments Market News

  • December 2022: Cathay Industries announced the commissioning of a world-class iron oxide pigment finishing and blending facility in Batam, Indonesia, following their recent agreement to acquire the iron oxide pigment operations of Venator Materials PLC. The plant's first supplies will commence in the latter part of 2023, which will complement Cathay Industries' global footprint.
  • November 2022: Cathay Industries announced that the company has entered into an agreement with Venator Materials PLC to purchase its iron oxide pigment business, which will help them transform their global manufacturing footprint, providing tremendous synergies and new growth opportunities. In addition to Venator's product portfolio, the purchase also includes eight manufacturing sites and one administrative site across six countries on four continents.

Iron Oxide Pigments Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Demand from the Building and Construction Segment
    • 4.1.2 Rising Demand of Paints and Coatings
  • 4.2 Restraints
    • 4.2.1 Fluctuations in the Prices of Raw Materials
    • 4.2.2 Stringent Environmental Regulations
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Product Type
    • 5.1.1 Natural
    • 5.1.2 Synthetic
  • 5.2 Color
    • 5.2.1 Red
    • 5.2.2 Yellow
    • 5.2.3 Black
    • 5.2.4 Other Colors
  • 5.3 End-user Industry
    • 5.3.1 Building and Construction
    • 5.3.2 Paints and Coatings
    • 5.3.3 Plastics
    • 5.3.4 Paper
    • 5.3.5 Pharmaceutical
    • 5.3.6 Other End-user Industries
  • 5.4 Geography
    • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 Rest of Asia-Pacific
    • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
    • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 Italy
    • 5.4.3.4 France
    • 5.4.3.5 Rest of Europe
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle-East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%) Analysis**/ Market Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 APPLIED MINERALS INC.
    • 6.4.2 BASF SE
    • 6.4.3 CATHAY INDUSTRIES
    • 6.4.4 Chemipol (Kothari Group Of Industries)
    • 6.4.5 Golchha Oxides Pvt Ltd.
    • 6.4.6 Harold Scholz & Co. GmbH
    • 6.4.7 Jiangsu Yuxing Industry and Trade Co. Ltd.
    • 6.4.8 Precheza
    • 6.4.9 Proquimac
    • 6.4.10 RSonal Dyes and Chemicals
    • 6.4.11 Raveshia Group
    • 6.4.12 SHENGHUA GROUP DEQING HUAYUAN PIGMENT CO. LTD.
    • 6.4.13 Tata Pigments Limited
    • 6.4.14 Xinxiang Rongbo Pigment Science & Technology Co. Ltd.
    • 6.4.15 YIPIN PIGMENTS
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increase in the Development of Eco-friendly Iron Oxide Pigments
  • 7.2 Other Opportunities
**Subject to Availability
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Iron Oxide Pigments Industry Segmentation

Iron oxide pigments are made from iron and oxides. They can come from both natural and man-made sources. Naturally, these are made from umber, goethite, sienna, hematite, ochre, and magnetite. Similar to how they are produced naturally, they are produced synthetically through key procedures such as the thermal deposition of iron compounds, the precipitation of iron salts, and the reduction of organic compounds by iron. 

The iron oxide pigments market is segmented by product type, color, end-user industry, and geography. By product type, the market is segmented into natural and synthetic. By color type, the market is segmented into red, yellow, black, and other colors. By end-user industry, the market is segmented into building and construction, paints and coatings, plastics, paper, pharmaceuticals, and other end-user industries. The report also covers the market size and forecasts for the iron oxide pigments market in 15 countries across major regions. For each segment, market sizing and forecasts have been done on the basis of revenue (USD).

Product Type Natural
Synthetic
Color Red
Yellow
Black
Other Colors
End-user Industry Building and Construction
Paints and Coatings
Plastics
Paper
Pharmaceutical
Other End-user Industries
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Iron Oxide Pigments Market Research FAQs

How big is the Iron Oxide Pigments Market?

The Iron Oxide Pigments Market size is expected to reach USD 2.54 billion in 2025 and grow at a CAGR of greater than 4.5% to reach USD 3.16 billion by 2030.

What is the current Iron Oxide Pigments Market size?

In 2025, the Iron Oxide Pigments Market size is expected to reach USD 2.54 billion.

Who are the key players in Iron Oxide Pigments Market?

BASF SE, Raveshia Group, Golchha Oxides Pvt Ltd., Xinxiang Rongbo Pigment Science & Technology Co., Ltd and Cathay Industries are the major companies operating in the Iron Oxide Pigments Market.

Which is the fastest growing region in Iron Oxide Pigments Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Iron Oxide Pigments Market?

In 2025, the Asia-Pacific accounts for the largest market share in Iron Oxide Pigments Market.

What years does this Iron Oxide Pigments Market cover, and what was the market size in 2024?

In 2024, the Iron Oxide Pigments Market size was estimated at USD 2.43 billion. The report covers the Iron Oxide Pigments Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Iron Oxide Pigments Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Iron Oxide Pigments Industry Report

Statistics for the 2025 Iron Oxide Pigments market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Iron Oxide Pigments analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.