The Global Inorganic Pigments Market size is projected to reach USD 26.39 billion by 2028, at a significant CAGR of 3.7% over the forecast period. The global inorganic pigments market is anticipated to witness high growth due to the growing adoption in the paint and construction industries. Increasing urbanization and huge growth in construction activities, especially in developing regions are the major drivers for the global market for inorganic pigments.
In addition to these, the rising use of inorganic pigments as colorants in the plastic industry is also augmenting the global inorganic pigments market growth. However, raw material price volatility and toxicity related to inorganic pigments are the major restraints that are hampering the growth of the global inorganic pigment market. Further, reduced tinting and less brightness compared to organic pigments are some of the key factors that are expected to restrain the growth of the global inorganic pigments market over the forecast period.
Pigments are materials that impart several colors to products through their ability to change the color of transmitted or reflected light due to wave length-selective absorption. Inorganic pigments are mineral-earth type pigments. They are very simple and naturally occurring colored materials used for imparting colors in a wide range of applications.
Global Inorganic Pigments Market, by pigment type
The titanium dioxide segment accounts for the highest revenue in the overall market. Titanium dioxide is a widely used inorganic pigment due to its excellent physical properties. The excellent light-scattering properties of titanium dioxide help give good brightness and white opacity to surfaces. It is widely used owing to its white color. Moreover, iron oxide is expected to be the second-largest pigment type over the forecast period.
Global Inorganic Pigments Market, by application
The Paints & coatings application is likely to grow at a significant rate over the forecast period. The paints and coatings segment is anticipated to grow with a significant market share during the forecast period. Technological developments and the growing adoption of coating technology are some of the major factors responsible for the expansion of the paints & coatings segment.
Global Inorganic Pigments Market, by end use industry
Building & construction is expected to be the fastest-growing segment during the forecast period. Inorganic pigments fulfill the requirements for chemical inertness, heat stability, durability, and weather resistance across the construction industry.
Global Inorganic Pigments Market, by geographical regions
In terms of geographical landscape, the Asia-Pacific region dominated the market for inorganic pigments in 2015 with the largest market share. The dominance of this regional market can be explained by the high consumption of these pigments in several end-use industries that are registering high growth in the region.
The Asia-Pacific region held the highest share in the market, followed by Europe. The APAC market is anticipated to be the fastest growing regional segment during the predicted period, mainly due to rapid infrastructural development and the existence of many end-use industries across the region.
Some Key Findings of the Global Inorganic Pigments Market Report Include:
On the basis of Pigment Type, the global inorganic pigments market has been sub-segmented as -
On the basis of End-Use Industry, the global inorganic pigments market has been sub-segmented as -
On the basis of Application, the global inorganic pigments market has been sub-segmented as follows -
On the basis of Region, the global inorganic pigments market has been segmented as follows -
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