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:

• Global market and submarket prediction for the period of 2016 to 2028, with an accompanying analysis
• Widespread details and study of contracts, program, and developments
• Industry dynamics scenario, along with growth prospects of the market for the years to come
• Analysis of the game-changing and innovative technologies and how these will shape the target market
• Geographical market and submarket estimation covering the forecast period of 2016 to 2028, with a detailed analysis
• Global market and submarket prediction covering the period of 2016 to 2028 with a comprehensive analysis
• SWOT analysis of the global market along with lucrative opportunities available and the major threats faced by the market players
• Explanation of political, technical, and governing factors
• Threats to entry analysis for markets across the world
• Profiles of major companies functioning within the sector with market revenue analysis
• Market conclusions & recommendations
• The major vendors operating in the global inorganic pigments market are Tronox Limited (US), LANXESS (Germany), Kronos Worldwide, Inc. (US), Venator (UK), The Chemours Company (US), Cathay Industries (China), Clariant (Switzerland), Alabama Pigments Company (US), Cabot Corporation (US), Ferro Corporation (US), Heubach GmbH (Germany), Lomon Billions (China), Carl Schlenk AG (Germany), Tata Pigments (India), Dominion Colour Corporation (Canada), Heubach GmbH (Germany), INEOS Pigments (US), DyStar (US), ECKART GmbH (Germany), Jiangsu Yuxing Industry & Trade Co., Ltd. (China), Tasnee (Saudi Arabia), Sudarshan Chemicals (India), Matapel Chemicals (Indonesia), Sun Chemical (US), and Zhejiang Huayuan Pigment Co., Ltd. (China).

Market Segmentation:

On the basis of Pigment Type, the global inorganic pigments market has been sub-segmented as -  

• Titanium Dioxide
• Carbon Black
• Iron Oxide
• Others (chromium, cadmium, zinc oxide, and manganese)

On the basis of End-Use Industry, the global inorganic pigments market has been sub-segmented as -

• Building & construction
• Automotive
• Textiles
• Packaging
• Paper & printing
• Others (consumer goods, cosmetics, and electronics)

On the basis of Application, the global inorganic pigments market has been sub-segmented as follows -

• Paints & coatings
• Inks
• Plastics
• Others (ceramics, rubber, laminates, and glass)

On the basis of Region, the global inorganic pigments market has been segmented as follows -

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America