Overview of China's Iron Oxide Industry

Ⅰ. Basic Information of Iron Oxide

1. Substance Attributes
   Iron oxide is an inorganic compound. It has a relative density of 5-5.25 and a melting point of 1565°C (which decomposes at the same time as melting). It is insoluble in water, soluble in hydrochloric acid and sulfuric acid, and slightly soluble in nitric acid. With strong hiding power and tinting strength, it has no oil permeability or water permeability.
2. Product Classification & Applications

• Classification: Based on color, iron oxide can be divided into iron oxide red, iron oxide yellow, iron oxide black, iron oxide orange, iron oxide brown, and other types.
• Application Fields: It is widely used in coatings, building materials, rubber & plastics, papermaking, and other industries.

Ⅱ. Industry Status

1. Core Market Data (2022-2023)
   The development of the iron oxide industry is closely related to the status of downstream markets such as coatings, building materials, rubber & plastics, and papermaking. In 2023, affected by factors such as reduced demand in downstream markets, including coatings and building materials, the market size of China's iron oxide industry declined. Specific data are as follows:

Ⅲ. Industrial Chain Analysis

1. Industrial Chain Structure
   The industrial chain of the iron oxide industry is composed of three links: upstream (raw materials & equipment), midstream (production & manufacturing), and downstream (application markets).
2. Key Information of Each Link

• Upstream: It mainly includes the iron ore industry and the production equipment industry. Among them, iron ore is the main raw material for iron oxide production. China is rich in iron ore resources. In 2023, China's iron ore reserves reached 16.917 billion tons (a year-on-year increase of 4.1%), and the output of raw iron ore reached 990.555 million tons (a year-on-year increase of 2.3%). The continuous increase in China's iron ore output provides sufficient raw material guarantee for the development of the iron oxide industry.
• Midstream: It refers to the iron oxide production link, with representative enterprises including Huayuan Pigment and Shenhong.
• Downstream: It covers application markets such as coatings, building materials, rubber & plastics, and papermaking. Among these, coatings are the largest downstream market, followed by building materials and rubber & plastics fields.

Ⅳ. Future Development Trends of the Industry

1. Trend of Product Demand
   As downstream industries such as coatings, plastics, and rubber have increasingly higher requirements for the performance of iron oxide pigments, high-performance iron oxide products (with characteristics of high weather resistance, high heat resistance, high chemical resistance, etc.) will become the mainstream demand in the market.
2. Trend of Environmental Protection Development
   With the increasingly strict environmental supervision policies in China, downstream markets have put forward higher requirements for the environmental performance of iron oxide products. Therefore, the demand for environmentally friendly iron oxide products will continue to increase in the future.
   
   
   For more information about Shenhong Pigment's iron oxide pigments and cooperation opportunities, please contact us via the following channels:​

   • Head Office Address: No. 1 of Lane 185, South Anxie Road, Jiading District, Shanghai, China​

   • WeChat: 18217101261​

   • WhatsApp: +86 18217101261​

   • E-mail: pigment@shshenhong.net