Press release
Global Inorganic Colour Pigments Market to be Driven by the Production of Eco-Friendly Inorganic Colour Pigments in the Forecast Period of 2022-2027
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 3.2%
The surging demand for inorganic colour pigments for use in paints, varnishes, and plastics, owing to their excellent physical properties like high tinting strength, heat stability, and extreme weather tolerance is driving the market growth. These colour pigments add lustre to the paints and coatings and do not cause the colour to fade when exposed to sunlight, making them durable, thereby lowering maintenance costs.
The rise in residential and commercial construction projects on account of industrialisation and urbanisation is pushing the demand for inorganic colour pigments, which, in turn, is adding to the growth of the market.
Industry Definition and Segmentation
Inorganic colour pigments are metallic salts that are subjected to simple chemical reactions like oxidation and high-temperature calcination. As opposed to organic colour pigments, inorganic colour pigments are easier to disperse, making them favourable for several applications.
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On the basis of pigment type, the market can be divided into:
• Ultramarine
• Cadmium
• Bismuth Pigments
• Iron and Iron Oxide
• Chrome Pigment
• Carbon Black
• Others
Based on form, the market can be categorised into:
• Aqueous
• Powder
The market, based on application, can be classified into:
• Paints and Coatings
• Plastics
• Printing Inks
• Roofing Granules
• Construction Material
• Others
The regional markets for the product include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The expanding disposable incomes has augmented the demand for aesthetics in different end use industries such as automotive and construction. Inorganic colour pigments are being increasingly used for surface treatment activities in the automotive, construction, healthcare, and cosmetic industries. The beneficial properties of inorganic colour pigments such as reduced absorption of oil and dispersant, make them an ideal choice for surface treatments.
This is bolstering the growth of the market. Apart from this, owing to rising concerns regarding environmental degradation, the focus on developing inorganic colour pigments with environmentally friendly properties is an emerging trend, which is expected to spur the market growth.
Key Market Players
The major players in the market are Ferro Corporation, Tronox, Venator Materials PLC, Heubach GmbH, and Lanxess AG, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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