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.
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.
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:
- 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
What This Study Provides:
- Global market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
- Regional market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
- National market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
- Extensive details and analysis of contracts, projects, and program
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- Analysis of game-changing technological trends and how these will shape the industry
- Explanation or political, regulatory and technical factors to consider
- Barriers to entry analysis for markets around the world
- Profiles of leading companies operating within the sector with market share analysis
- SWOT analysis of the market, together with the opportunities available and the key threats faced
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- Market conclusions & recommendations
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
Companies Covered: BASF SE, DIC Corporation, Ferro Corporation, Heubach, LANXESS, Clariant, CRISTAL, Dainichiseika Color & Chemicals, DuPont, Huntsman International, KRONOS Worldwide, LANSCO COLORS, and Tronox…
Years Considered In The Study
|
Historic Year |
2016, 2017 |
|
Base Year |
2018 |
|
Forecast Period |
2019-2028 |
|
CAGR % (2019-2028) |
3.7 |
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 global 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
For more information, contact: sales@quincemarketinsights.com