Global Inorganic Pigment
Market Report
2024
Inorganic pigment was valued at USD 23.54 billion in 2022 and is projected to reach USD 38.89 billion by 2030, registering a CAGR of 5.5% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Inorganic pigment was valued at USD 23.54 billion in 2022 and is projected to reach USD 38.89 billion by 2030, registering a CAGR of 5.5% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Inorganic Pigment Market Sales Revenue 2022 | $ 23.54 Billion |
Global Inorganic Pigment Market Sales Revenue 2030 | $ 38.89 Billion |
Global Inorganic Pigment Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Market Split by Type |
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Market Split by Application |
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Market Split by End-users |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Inorganic Pigment Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The inorganic pigment is a coloring material that is made up of inorganic compounds. These compounds are typically, metal oxides, sulphides, or hydroxides. Inorganic pigments are used in a variety of applications including paints, plastics, cosmetics, construction materials, and food. Inorganic pigments have several advantages over organic pigments. They are more durable, have a wide range of colors, and are less expensive. However, they can also be opaque and have lower tinting strength than organic pigments. The increasing growth of the construction sector, Surging demand for inorganic pigment in paints and coatings are the main driving factors for the growth of the industry which helps to grow majorly in the future.
The expansion of the construction sector is a major driving factor for the inorganic pigment market. The inorganic pigment is used in a variety of construction applications including paints, concrete, and tiles. The global population is expected to reach 9.7 billion by 2050. This will lead to an increased demand for housing and other infrastructure. Governments around the world are investing in infrastructure projects. For instance, according to estimates, overall investment in new infrastructure during the 14th Five-Year Plan period (2021-2025) will reach roughly 27 trillion yuan ($ 4.2 trillion). This is leading to an increased demand for construction materials including inorganic pigment. It is used in concrete to provide color and improve the durability of the concrete. Moreover, is used in paints to provide weather resistance and UV stability of paints. This trend is expected to continue in the coming years creating opportunities for companies that manufacture and supply inorganic pigments.
The growing demand for inorganic pigment in the paints and coating industry has a positive effect on the growth of the market. It is used in paint coatings to provide color, opacity, and durability. They are also used to improve the water resistance and UV stability of paints and coatings. Decorative paints are used to add color and beauty to homes and other buildings. It is utilized in high-performance coatings such as industrial, marine, and automotive coatings. This type of coating is considered to be more sustainable than organic pigments. The various use of inorganic pigments will help to grow the market higher in the future.
Restraining Factor:
Government rules and regulations related to plastic recycling can restrain the growth of the inorganic pigment in several ways. Stricter recycling regulations can lead to increased costs for companies that manufacture and use inorganic pigments. This is because they will need to invest in new equipment and processes to comply with regulations. The European Union banned several single-use plastics including straw plates. This ban is expected to lead to a reduction in the demand for inorganic pigment, as this plastic is often used in the production of these products. The Indian government has introduced new rules for plastic waste management. These rules require manufacturers to use recycled plastic in their products. For this, all rules and regulations are affecting the market and it has become a hindering factor in market growth.
Impact of the COVID-19 Pandemic on Inorganic Pigment:
The outbreak of covid-19 has witnessed a negative impact on inorganic pigment growth. The governments of many regions across the globe have announced lockdowns to prevent the spread of the COVID-19 virus. These regulations stopped the import and export of raw materials and logistics. The pandemic has decreased demand for many products that use inorganic pigments, such as paints, plastics, and cosmetics. It affects an increase in cost for companies that manufacture and use inorganic pigments. This is due to high transportation costs and increased demand for raw materials. The plastic industry has also been impacted by the pandemic. The decrease in the demand for plastics has led to a decrease in the demand for inorganic pigments.
Despite these challenges, the market of inorganic pigments is expected to recover in the coming years. As the global economy recovers from the pandemic the demand for the products that use inorganic pigments is expected to increase. This will lead to an increase in the demand for inorganic pigments.
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Cathay Industries expands its global footprint with the acquisition of Venator’s iron oxide pigment operation.
Cathay Industries announced that it has agreed with Venator Materials to purchase its iron oxide pigment business. This type of acquisition helps to innovate new products and development and customize the pigment according to the needs of various industries.
Top Companies Market Share in Inorganic Pigment Industry: (In no particular order of Rank)
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Asia Pacific is anticipated to be the fastest-growing segment in the inorganic pigment market during the forecast period.
In the Asia Pacific region, rising investment in the construction and industrial sectors, moreover surging in rapidly growing populations of the region. Additionally, increasing the consumer's purchasing power increases the need for this market in various regions. These are various factors that affect the growth of the market to grow significantly in the future.
The current report Scope analyzes Inorganic Pigment Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Inorganic Pigment Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Inorganic Pigment Industry growth. Inorganic Pigment market has been segmented with the help of its Type, Application End-users, and others. Inorganic Pigment market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By pigment type
The market is bifurcated based on application into carbon black, chromium compounds, titanium oxide, and iron oxide.
Titanium oxide is the leading segment in the market in terms of revenue.
Titanium oxide is a widely used inorganic pigment in the world. It is a white pigment that is used to give paints, plastics, paper, and other products their whiteness. It is also used in sunscreen ingredients because it absorbs ultraviolet radiation. It has good light scattering properties which help to increase the opacity and brightness of surfaces. Moreover, Iron oxide is projected to be the second-largest pigment type during the forecast period, from 2023 to 2030.
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By application
Applications are further segmented into light-emitting sources, paint, and coatings, personal care, and printing inks.
Paints and coatings applications contributed majorly to the overall global inorganic pigment market share.
Raised performance of coated objects and various technological advancements in the coating are crucial factors that increase the market growth. Paints and coats have various applications which help to apply in high-performance coatings. Additionally, the market for the application of plastic is anticipated to grow majorly during the forecast period.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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by end-users
By end-users are further segmented into End-users are further segmented into plastic, electronics, building and construction, automotive, plastic, electronics, and others.
Building and construction are the fastest-growing end-user industry segments during the forecast period.
Inorganic pigments are used in buildings and construction for a variety of purposes including coloring, durability, and weather resistance. Inorganic pigments are very durable and can withstand exposure to sunlight, chemicals, and heat. This makes them ideal for use in outdoor applications and products that are exposed to harsh conditions. This can help to extend the lifespan of building materials and reduce the need for maintenance. Due to these various purposes increasing demand in the market is higher in building and construction.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Inorganic Pigment Market is witnessing significant growth in the near future.
In 2023, the Carbon black segment accounted for noticeable share of global Inorganic Pigment Market and is projected to experience significant growth in the near future.
The Light-emitting sources segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Paramount Colours , Ferro Corporation & M Paint Center and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Inorganic pigments are the inorganic particles added to the polymer base to give a specific color or functional benefits to the plastic. The increasing growth of the construction sector and surging demand for inorganic pigment in paints and coatings are the main driving factors for the growth of the industry which helps to grow majorly in the future.
Disclaimer:
Type | Carbon black, Chromium compounds, Titanium oxide, Iron oxide |
Application | Light-emitting sources, Paint and coatings, Personal care, Printing inks, Others |
End-users | Plastic, electronics, Building and Construction, Automotive, plastic, Electronics, Others |
List of Competitors | Paramount Colours, Sona Synthetics Products, Ferro Corporation & M Paint Center, Huntsman International LLC, CRISTAL, Tronox Holdings plc, Musclerox, Ultramarine & Pigments Limited, Qualitron Chemicals, LANXESS, Ferro Corporation, Venator Materials PLC., Sun Chemical, Heubach GmbH, DIC CORPORATION, VIBFAST PIGMENTS PVT. LTD., VOXCO India. |
This chapter will help you gain GLOBAL Market Analysis of Inorganic Pigment. Further deep in this chapter, you will be able to review Global Inorganic Pigment Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End-users Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Inorganic Pigment market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Carbon black have a significant impact on Inorganic Pigment market? |
What are the key factors affecting the Carbon black and Chromium compounds of Inorganic Pigment Market? |
What is the CAGR/Growth Rate of Light-emitting sources during the forecast period? |
By type, which segment accounted for largest share of the global Inorganic Pigment Market? |
Which region is expected to dominate the global Inorganic Pigment Market within the forecast period? |
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Additional Qualitative Data |
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Additional Quantitative Data |
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