Global Inorganic Pigments Market by Pigment Type (Titanium Dioxide, Iron Oxide, Carbon Black), Application (Paints & Coatings, Plastics, Inks), End-Use Industry (Building & Construction, Automotive, Packaging, Textiles) -Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Inorganic Pigments Market held USD 23.08 billion in 2020 and is to grow with a CAGR of 4.9% from 2020-2030. Pigments are used to add specific colors to the goods by using their ability to change the color of reflected or transmitted light as a result of selective wavelength absorption. Inorganic pigments are synthetics of metallic oxides ore. Inorganic pigments are derived from mixed metal oxides and are made through a process of high-temperature calcinations. Potassium chloride, consisting primarily of potassium and chlorine, is a naturally occurring, odorless metal salt along with a colorless, crystalline look. It is formed by the evaporation of prehistoric beds at sea. The compound is known as Potash Muriate, which is typically used as a fertilizer in conjunction with its use. It is less soluble in ethanol, and is extremely water soluble.

Market Dynamics and Factors:

The main drivers for the global inorganic pigment market size includes rapid growth in urbanization, demand for paints and coatings, construction service, building materials, and plastics industries. The highest demand in developing countries is expected to be for inorganic pigments. Because of their durable properties, these inorganic pigments are primarily used in the automotive industry, driving the global inorganic pigments market growth. Inorganic pigments meet the requirements of the construction industry for heat stability, chemical inertness, longevity and weather resistance. During the forecast period, building & construction is expected to be the rapidly growing end-use industry, thus fuelling the inorganic pigments market growth.

Market Segmentation:

Based on the pigment type, the inorganic pigment market is bifurcated into carbon black, iron oxide, titanium dioxide. On the basis of technology, the market is segmented into Water-borne, Solvent-borne, and Powder Coatings. Depending upon the end-user, the market is segmented into automotive, textiles, packaging and building & construction. Considering the applications, the market is categorised into paints & coatings, plastics, inks. Geographic categorization includes regions like North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

Together with the plastics, paint and coatings industry, the automotive market in developing countries is increasing at a rapid pace, particularly in emerging economies such as India and China, and hence inorganic pigments market size in these countries is expected to be strong, which will increase these region's inorganic pigments market share in world market. Key challenges of  the inorganic pigment industry are dealing with increased globalization, markets that are mature in a few applications and regions, and excess commodity pigment demand. The hazardous impact on the environment caused by inorganic pigments can be a restriction for inorganic pigments market growth especially in Europe. However, inorganic pigments are produced and used on a large scale due to the lack of stringent regulations in Asia Pacific countries particularly in countries such as India and China, which will help boosting the global inorganic market size.

Competitive Scenario:

The key players of global inorganic pigment market are Sudarshan Chemicals (India), Tata Pigments (India), Tronox Limited (US), LANXESS (Germany), Sun Chemical (US), ECKART GmbH (Germany),  Kronos Worldwide, Inc. (US), Tasnee (Saudi Arabia), Venator (UK), Jiangsu Yuxing Industry & Trade Co., Ltd. (China), Carl Schlenk AG (Germany), DyStar (US), Heubach GmbH (Germany) Cathay Industries (China), Zhejiang Huayuan Pigments Co., Ltd. (China), Dominion Colour Corporation (Canada), INEOS Pigments (US),  Ferro Corporation (US), Matapel Chemicals (Indonesia),  Heubach GmbH (Germany), Lomon Billions (China), Clariant (Switzerland), Alabama Pigments Company (US), Cabot Corporation (US) and The Chemours Company (US).

Inorganic Pigments Market Report Scope