Iron Oxide Pricing Report

Iron Oxide Prices December 2023

During the fourth quarter of 2023, the prices of iron oxide in the USA reached 1676 USD/MT. The demand for iron oxide in the domestic market was low, especially in the construction sector. These factors increased the prices of iron oxide in the country.

In China, the price of iron oxide declined in the fourth quarter of 2023, reaching 1245 USD/MT due to low demand from various industries, such as automotive and paint and coating. Moreover, adverse weather conditions and slow economic activities negatively impacted the market. However, second half of the quarter resulted in 2% increase in prices on account of rising demand from the construction sector.

The prices of iron oxide in the Germany market reached 1274 USD/MT after witnessing a decline in prices as compared to previous years. Key manufacturers in the country revised their prices due to low margins. In addition, the decline of the construction industry and economic slowdown in the country lowered the demand for iron oxide in the domestic market.

Iron Oxide Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Iron Oxide Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” 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.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing iron oxide price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Iron Oxide Market Analysis

The global iron oxide market size reached US$ 2.6 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.9 Billion, at a projected CAGR of 4.60% during 2023-2032.

• Iron oxide is gaining traction in the paint and coating industry due to its lightfastness, ease of use, and durability. The expansion of the iron oxide market is also attributed to the growing demand for coatings in the aerospace, marine, and automotive industries around the world.
• The iron oxide demand is amplified by its crucial role in the cosmetics industry as colorants for blush, lipstick, foundation, and eye shadow.
• According to IMARC Group’s report, the global buildings construction market is expected to exhibit a growth rate (CAGR) of 5.13% during 2024-2032. The thriving construction industry worldwide is catalyzing the demand for iron oxide, as iron oxide pigments are used to color concrete blocks, tiles, and pavers.
• The development of the eco-friendly variants of iron oxide pigments by key players on account of rising environmental concerns and stringent regulations imposed by governing bodies of several countries about the usage of synthetic pigments is positively influencing the market.
• The iron oxide market is further reinforced by technological advancements in the production technology of iron oxide to improve its purity level, color consistency, and particle size.
• Iron oxide pigments are also contributing to modern applications like photoelectrochemical cells and magnetic data storage, thereby opening several opportunities for key players operating in the market.
• The World Health Organization’s (WHO) report 2023, over 2 billion people lived in water-stressed countries in 2021 while at least 1.7 billion people consumed contaminated water in 2022. Iron oxide nanoparticles are utilized to remove heavy metals and other contaminants from the water.
• The iron oxide market is experiencing an upward trajectory owing to the employment of iron oxide in the agriculture industry to reduce iron deficiencies in plants.
• The demand for iron oxide is also expanding, as iron oxide nanoparticles find applications in drug delivery systems, hyperthermia treatment for cancer, and magnetic resonance imaging (MRI) contrast agents.

Iron Oxide News

The report covers the latest developments, updates, and trends impacting the global iron oxide market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in iron oxide production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the iron oxide industry:

• In 2022, Cathay Industries announced the expansion of new iron oxide pigment facility in Indonesia to provide employment opportunities and high-quality iron oxide pigments in the country.
• In 2021, Huntsman International LLC acquired Gabriel Performance Products (Gabriel) to expand its specialty chemicals portfolio.

Product Description

Iron oxide, composed of iron and oxygen, can be naturally found, or chemically synthesized in laboratories for various industrial applications. It plays a crucial role in manufacturing iron oxide pigments, which are essential precursors in the automotive, marine, paint and coating, and pharmaceutical industries.

It is a valuable raw material in electronic and data storage applications, as it exhibits magnetic properties. It is also used to form non-toxic colorants for lipstick, blush, eye shadow, and foundation in the cosmetics industry.

Iron oxide is characterized by non-toxicity and natural occurrence, thereby positively affecting the environment. Its utilization in the water treatment processes to remove heavy materials from the drinking water highlights the versatility of iron oxide. Besides this, iron oxide is employed to impart color in various paper products, such as diaries, books, and packaging materials.

Regional Coverage

The report provides a detailed analysis of the iron oxide market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.

Global Iron Oxide Price

The report offers a holistic view of the global iron oxide pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Iron Oxide Price

The European region has experienced an upward price trend in the fourth quarter of 2023 due to the limited availability of iron oxide in the market. As a result, key players operating in the region were forced to revise their prices. The low availability of the material was attributed to the declined demand from the domestic market and moderate demand from the international market.

This analysis can be extended to include detailed iron oxide price information for a comprehensive list of countries.

North America Iron Oxide Price

During Q4 2023, the iron oxide market was affected by several factors, resulted in moderate demand for iron oxide in the region. There was sufficient product availability with balance demand and supply situation in the region. However, expensive imports from other regions contributed to the increased prices of iron oxide. Overall, the quarter end prices experienced stability in the market.

Specific data on iron oxide prices within the United States and Canada can also be provided.

Middle East and Africa Iron Oxide Price

The report explores the iron oxide pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on iron oxide prices for countries can also be provided.

Asia Pacific Iron Oxide Price

In the Asia Pacific region, the iron oxide market witnessed a competitive pricing environment due to abundant supply of material in the market. Moreover, the demand for iron oxide decreased from the construction and automotive industries, as they were negatively impacted by adverse weather conditions and slow economic growth. As a result, the iron oxide prices in the region experienced several challenges.

This analysis can be further extended to include detailed iron oxide prices for a comprehensive list of countries within the region.

Latin America Iron Oxide Price

The iron oxide prices in the Latin America region were moderately high during the fourth quarter of 2023 due to several factors. At the beginning, there was a balance between supply and demand. Despite several economic movements, the price remained stable. However, towards the end of the quarter there was a drastic increase in prices of iron oxide, driven by shortage of supplies in the region.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of iron oxide pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting iron oxide price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the iron oxide industry.