Press release
Inorganic Pigments Market Scope and Profit-Sources Detailed Analysis 2024
The Business Research Company presents an extensive market research report on the Inorganic Pigments Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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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Key Market 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
Market Drivers:
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.
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https://www.thebusinessresearchcompany.com/report/inorganic-pigments-global-market-report
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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