In 2023, the average price of iron oxide in the United States was estimated at two U.S. dollars per kilogram, a slight decrease in comparison to the price reported in the previous year. Nevertheless, when compared to 2019, iron oxide prices in the North American country have nearly tripled. Iron oxide pigments are commonly used in concrete and other building materials.

During the last quarter of 2024, the iron oxide prices in the United States reached 1035 USD/MT in December. Due to low demand and market saturation, the market continued to decline in Q4 2024. Slow commercial real estate activity and rising loan rates were challenges for the building industry. Market conditions deteriorated due to supply chain limitations, port labor strikes, and increased freight prices.

Product	Category	Region	Price
Iron Oxide	Specialty Chemical	USA	1035 USD/MT
Iron Oxide	Specialty Chemical	Indonesia	840 USD/MT
Iron Oxide	Specialty Chemical	Germany	935 USD/MT
Iron Oxide	Specialty Chemical	Brazil	935 USD/MT

Explore IMARC’s newly published report, titled “Iron Oxide Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of iron oxide pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

In Q1 2025, the U.S. Iron Oxide market experienced a mix of price increases followed by a sharp decline in March. Prices rose in January due to higher import costs and supply constraints, driven by logistical issues, tariffs, and strong demand from the construction and coatings sectors. February saw a further price increase, influenced by persistent supply challenges and trade disruptions. The anticipation of tariff impacts and stockpiling by contractors temporarily inflated demand, further driving price hikes.

United States - Producer Price Index by Commodity: Chemicals and Allied Products: Iron Oxide Pigments was 281.90000 Index Jun 1983=100 in September of 2021, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Chemicals and Allied Products: Iron Oxide Pigments reached a record high of 282.50000 in June of 2021 and a record low of 100.00000 in August of 1983. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Chemicals and Allied Products: Iron Oxide Pigments - last updated from the United States Federal Reserve on May of 2025.

The iron oxide market is expected to experience consistent growth, with a market size of USD 2.8 billion in 2025 set to be around USD 4.3 billion by 2035, demonstrating a CAGR of approximately 4.1%. This growth will be driven by demand from construction, coatings, plastic, and cosmetics sectors.

Market Metrics	Values
Industry Size (2025E)	USD 2.8 billion
Industry Value (2035F)	USD 4.3 billion
CAGR (2025 to 2035)	4.1%

Country Wise Analysis

Countries	CAGR (2025 to 2035)
USA	3.5%
UK	2.6%
France	2.4%
Germany	2.9%
Italy	2.2%
South Korea	3.1%
Japan	2.8%
China	4.6%
Australia	2.5%
New Zealand	2.1%

Competitive Outlook

Company Name	Market Share (%)
Lanxess AG	22-26%
Huntsman International LLC	16-20%
Toda Kogyo Corporation	12-16%
Cathey Industries	8-12%
Jiangsu Yuxing Industry and Trade Co. Ltd.	6-10%
Others (combined)	30-40%

Learn about the increasing demand for iron oxide pigments worldwide and the projected market trends for the next decade, including expected growth rates in volume and value.

Iron Oxide Market valued at USD 2.79 billion in 2025, is anticipated to reaching USD 3.98 billion by 2032, with a steady annual growth rate of 5.2%.

The Moroccan iron oxide pigment market contracted slightly to $11M in 2024, falling by -2% against the previous year. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2024: its value increased at an average annual rate of +3.0% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +14.6% against 2022 indices.

The global iron oxide market is experiencing robust growth, driven by the increasing demand from various sectors such as construction, paints & coatings, and plastics. The market, estimated at $2.5 billion in 2025, is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.5% from 2025 to 2033. This growth is primarily fueled by the expanding infrastructure development globally, increasing urbanization, and the rising demand for aesthetically pleasing and durable products in various applications. The diverse applications of iron oxide pigments, ranging from providing color in paints and coatings to enhancing the properties of plastics and ceramics, are major contributors to market expansion. Specific color variants like red and yellow iron oxides are particularly in high demand due to their wide-ranging applications and cost-effectiveness. Furthermore, technological advancements in pigment production, focusing on improved color consistency and durability, are further stimulating market growth. However, several factors could potentially restrain market expansion. Fluctuations in raw material prices, particularly iron ore, can significantly impact the production cost and profitability of iron oxide manufacturers. Environmental regulations related to pigment manufacturing and usage, along with growing concerns regarding the potential health hazards associated with certain types of iron oxide, pose challenges to the market's sustained growth. Despite these restraints, the overall market outlook remains positive, with substantial growth opportunities driven by the aforementioned factors and the continued expansion of key end-use industries. The competitive landscape is characterized by both large multinational corporations and smaller regional players, leading to a dynamic and evolving market structure. This report provides a detailed analysis of the global iron oxide market, a multi-billion dollar industry crucial to numerous sectors. We delve into market size, segmentation, key players, and future growth projections, offering valuable insights for stakeholders across the value chain. This in-depth analysis incorporates data-driven forecasts, competitive landscapes, and future growth opportunities, making it an essential resource for informed decision-making.

In 2023, purchases abroad of iron oxide pigments decreased by -47.8% to 119K tons for the first time since 2019, thus ending a three-year rising trend.

25481 Global import shipment records of Iron Oxide Pigment with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

6218 Global export shipment records of Red Iron Oxide Pigment with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The global iron oxide black market is experiencing robust growth, driven by increasing demand across various sectors. While precise figures for market size and CAGR weren't provided, a reasonable estimation, based on industry reports and typical growth rates for specialty chemicals, suggests a 2025 market size of approximately $1.5 billion USD, with a compound annual growth rate (CAGR) projected to be around 5% from 2025 to 2033. This growth is fueled by several key factors, including the rising construction industry globally, the expanding automotive sector (requiring pigments for paints and plastics), and the increasing popularity of durable and aesthetically pleasing paints and coatings. The natural iron oxide black segment currently holds a significant share, but the artificial segment is anticipated to witness faster growth due to its superior quality control and consistent color properties. Major applications include paints and coatings, rubber and plastics, construction materials, and various other industrial applications. Geographical expansion, particularly in developing economies experiencing rapid infrastructure development, further contributes to the market's expansion. However, the market faces some challenges. Fluctuations in raw material prices, stringent environmental regulations regarding pigment usage, and competition from alternative pigments pose potential restraints on growth. Nevertheless, ongoing innovation in pigment production, focused on enhancing color intensity, durability, and eco-friendliness, along with advancements in manufacturing technologies, should mitigate these challenges and continue to drive market growth. Key players, including LANXESS, Huayuan Pigment, and several other prominent companies from China, are actively involved in expanding their production capacities and developing innovative products to meet the evolving market demands. The competitive landscape is moderately consolidated, with a few large players holding significant market share, but several regional players also contribute significantly.

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United States PPI: Mfg: BC: DP: PP: IP: Iron Oxide Pigments data was reported at 282.800 Jun1983=100 in Sep 2021. This stayed constant from the previous number of 282.800 Jun1983=100 for Aug 2021. United States PPI: Mfg: BC: DP: PP: IP: Iron Oxide Pigments data is updated monthly, averaging 177.900 Jun1983=100 from Jun 1983 (Median) to Sep 2021, with 459 observations. The data reached an all-time high of 283.400 Jun1983=100 in Jun 2021 and a record low of 100.000 Jun1983=100 in Oct 1983. United States PPI: Mfg: BC: DP: PP: IP: Iron Oxide Pigments data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.I: Producer Price Index: by Industry: Manufacturing: Chemical.

In September 2022, the iron oxide pigment price stood at $1,293 per ton (FOB, China), shrinking by -4.6% against the previous month.

Iron Oxide Pigment Price in South Korea - 2022. Find the latest marketing data on the IndexBox platform.

224855 Global export shipment records of Iron Oxide with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The global yellow iron oxide market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise figures for market size and CAGR weren't provided, considering typical growth rates in the pigments and coatings industry and the expanding applications of yellow iron oxide, a reasonable estimation could place the 2025 market size at approximately $800 million, exhibiting a Compound Annual Growth Rate (CAGR) of around 5% from 2025 to 2033. This growth is fueled by several key factors. The construction industry's reliance on yellow iron oxide pigments for paints, coatings, and construction materials is a significant driver. Furthermore, the cosmetics and personal care industries' utilization of this pigment for coloration in makeup and other products contributes to market expansion. The industrial sector, including plastics and rubber manufacturing, also presents a substantial demand. The increasing preference for eco-friendly and naturally sourced pigments is further bolstering the market for natural yellow iron oxide. However, fluctuations in raw material prices and stringent environmental regulations pose potential challenges to market growth. The market segmentation reveals a strong preference for synthetic yellow iron oxide due to its superior color consistency and cost-effectiveness compared to its natural counterpart. Geographically, Asia Pacific, particularly China and India, are expected to dominate the market due to rapid industrialization and infrastructure development. North America and Europe, while mature markets, will continue to contribute significantly, driven by the consistent demand from established industries. Competitive dynamics are shaped by both established multinational corporations and regional players, leading to innovative product offerings and strategic partnerships to cater to the evolving needs of different market segments. Future growth prospects are promising, with ongoing research and development focusing on enhancing the performance characteristics of yellow iron oxide pigments and expanding their applications in emerging technologies.

14625 Global import shipment records of Red Iron Oxide with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.