The Global Inorganic Pigments Market size is expected to reach USD 26.39 billion in 2028, at a CAGR of 3.7% during the forecast period. This growth of the market can be attributed to the increased use of inorganic pigments in the construction industry, along with an elevated demand in the Asia Pacific region.
Companies Covered: BASF SE, DIC Corporation, Ferro Corporation, Heubach, LANXESS, Clariant, CRISTAL, Dainichiseika Color & Chemicals, DuPont, Huntsman International, KRONOS Worldwide, LANSCO COLORS, and Tronox are some key competitors in the inorganic pigments market.
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What are Inorganic pigments?
Inorganic pigments are extensively used in personal care products, printing inks, plastics, paints, coating materials, and cosmetics. Inorganic pigments impart flamboyant colors to the base substrates, thereby making the product visually appealing. Inorganic pigments are widely utilized in the electronics for their light-emitting properties. Inorganic pigments contain molecules that generate spectral light emissions by absorbing or reflecting or refracting the light at specific wavelengths. This phenomenon is commonly used in road reflectors, to safeguard against road accidents during the night. In the printing industry, inorganic pigments are used to make printing inks where white inks witness high demand. Titanium dioxide substrate is used to manufacture white inks. Therefore, it is a widely used type of inorganic pigment.
Black is the most desired color for cars in the automotive industry. The demand for the black color is twice as much as any other color. Carbon black is used to manufacture black automotive paints. Hence, there is a high demand for inorganic pigments in the automotive industry. Inorganic pigments have protective insulating and excellent abrasion resistance properties. Thus, they are used as coating materials in the building & construction industry. They are also responsible for imparting distinct colors to paints used in construction works.
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Asia Pacific region to dominate the Inorganic Pigments Market
The Asia Pacific region is a dominant market for inorganic pigments due to the high growth of the automotive and construction industries in the region. The inorganic pigments market in the Asia Pacific is poised to witness tremendous growth, owing to changing lifestyle and rapid urbanization. The region is expected to account for more than 50% share of the global inorganic pigments during the forecast period. Companies in the region are adopting the strategy of mergers & acquisitions to grow in the market. This market in North America and Europe is expected to grow at a steady rate during the forecast period.
Key Factors Impacting Market Growth:
• Increasing demand from the automotive industry.
• Increasing demand in the Asia Pacific, owing to the growth of the construction industry.
• Introduction of organic pigments as substitutes.
Key Developments: Nanomaterials technology opens new chapter in inorganic pigments market.
• In 2017, LANXESS introduced red iron oxide pigment in the market with high tinting strength and chromaticity, thus increasing the products portfolio of the company
• In 2018, leading companies in the market introduced the newly patented nanomaterials technology, which significantly improved mechanical and optical properties of inorganic pigments.
Market Segmentation:
By Type:
Titanium Dioxide
Iron Oxide
Carbon Black
By Application:
Paints
Coating Material
Printing Inks
Light Emitting Sources
Plastics
By End-Use Industry:
Building & Construction
Automotive
Plastic
Electronics
Others
By Region:
North America
By Country (US, Canada, Mexico)
By Type
By Application
By End-Use Industry
Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Type
By Application
By End-Use Industry
Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Type
By Application
By End-Use Industry
Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Type
By Application
By End-Use Industry
Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Type
By Application
By End-Use Industry
Rest of the World
By Region (South America, Africa)
By Type
By Application
By End-Use Industry
Key Questions Answered By This Report:
How is the inorganic pigments market evolving?
What is driving and restraining inorganic pigment dynamics?
How will each inorganic pigments submarket segment grow over the forecast period and how much Sales will these submarkets account for in 2028?
How will market shares of each inorganic pigments submarket develop from 2019-2028?
Which inorganic pigments submarket will be the main driver of the overall market from 2019-2028?
How will political and regulatory factors influence regional inorganic pigments markets and submarkets?
Will leading national inorganic pigments broadly follow macroeconomic dynamics, or will individual country sectors outperform the rest of the economy?
How will market shares of the national markets change by 2028 and which nation will lead the market in 2028?
Who are the leading players and what are their prospects over the forecast period?
How will the sector evolve as alliances form during the period between 2019 and 2028?
Reasons To Buy This Report:
Market size estimation of the inorganic pigments market on a regional and global basis
The unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
By Segment
By Sub-segment
By Region/Country
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