Overview and Scope
The inorganic pigments refer to coloring materials sourced from natural minerals or ores, such as oxides, sulfurides, or different metallic slats. The inorganic pigment is useful in coloring rubber, plastics, glass, ceramics, and architectural coatings.
Sizing and Forecast
The inorganic pigments market size has grown rapidly in recent years. It will grow from $33.53 billion in 2023 to $37.27 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to construction industry growth, paints and coatings demand, automotive sector requirements, plastics and packaging industry, textile and printing applications.
The inorganic pigments market size is expected to see rapid growth in the next few years. It will grow to $54.87 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to growing infrastructure development projects, growing advancements in specialty pigments, automotive industry trends, sustainable and eco-friendly practices, packaging innovation. Major trends in the forecast period include growing use of inorganic pigments in construction materials, innovation in metallic and pearlescent pigments, increased emphasis on product traceability and quality control, adoption of sustainable manufacturing practices, customization and tailored solutions for end-user industries.
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Segmentation & Regional Insights
The inorganic pigments market covered in this report is segmented –
1) By Product: Natural Inorganic Pigments, Synthetic Inorganic Pigments
2) By Type: Carbon Black, Chromium Oxide, Iron Oxide, Titanium Dioxide, Other Types
3) By Application: Plastics, Paints And Coatings, Printing Inks, Glass And Ceramics, Cosmetics, Paper Industry, Pharmaceuticals, Food Industry
Asia-Pacific was the largest region in the inorganic pigments market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the inorganic pigments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growth in construction activities drives the inorganic pigments market. Construction has been on the rise due to rapid industrialization and urbanization. Inorganic pigments are essential constituents in paints and coatings used in the buildings and other construction equipment to impart color so that exterior durability is maintained. According to the U.S. Census Bureau report on monthly construction spending in 2022, the construction spending was expected to be $1,744.8 billion in April 2022, a 0.8% rise from the revised March estimate of $1,740.6 billion. Therefore, the increasing spending on construction is driving the growth of the inorganic pigments market.
Key Industry Players
Major companies operating in the inorganic pigments market report are BASF SE, Atul Ltd., EI du Pont de Nemours and Company, Dainichiseika Color & Chemicals Mfg. Co. Ltd., Lanxess AG, Huntsman Corporation, DIC Corporation, The Chemours Company, Cabot Corporation, Clariant International Ltd., Kemira Oyj, Wacker Chemie AG, Kronos Worldwide Inc., Rockwood Holdings Inc., Ferro Corporation GmbH, Ishihara Sangyo Kaisha Ltd., Heubach GmbH, Tronox Limited, Sudarshan Chemical Industries Ltd., Cinkarna Celje, Cathay Industries, Venator Materials Plc, Toyal America Inc., Lomon Billions Group, Meghmani Organics Ltd., Neelikon Food Dyes & Chemicals Ltd., Kolorjet Chemicals Pvt. Ltd., Triveni Interchem Pvt. Ltd., TAYCA Corporation
The inorganic pigments market report table of contents includes:
1. Executive Summary
2. Inorganic Pigments Market Characteristics
3. Inorganic Pigments Market Trends And Strategies
4. Inorganic Pigments Market – Macro Economic Scenario
5. Global Inorganic Pigments Market Size and Growth
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32. Global Inorganic Pigments Market Competitive Benchmarking
33. Global Inorganic Pigments Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Inorganic Pigments Market
35. Inorganic Pigments Market Future Outlook and Potential Analysis
36. Appendix
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