Report Predicts Growth in Pigments Market

摘要

SHELBYVILLE,DE-According to a new report by Global Market Insights Inc.,the pigments market is forecast to exceed $18 billion by 2025.The report predicts that the pigments market will witness promising gains during the forecast period owing to rising demand in the construction industry.Concrete is an important part of construction,and iron oxide is primarily used for coloring concrete.In 2017,U.S.cement production was 86.3 million tons,up from 85.0 million tons in 2016.The market for concrete is likely to witness significant growth during the forecast period,owing to increased spending from the U.S.government on public infrastructure,a development that will positively influence the market for pigments in the coming years.Pigments such as iron oxide have gained importance in the construction industry in the past few years due to their pure hue and tinting strength,and iron oxide consumption is higher in the building materials industry.These pigments are mainly used in paving blocks,tiles and stamped concrete.