Inorganic Pigments Global Market growing at a CAGR of 10.2% and Projected to Reach $54.87 Billion in 2028 | Lanxess AG, Huntsman Corporation, DIC Corporation, The Chemours Company, Cabot Corporation

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Inorganic Pigments Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $54.87 billion In 2028 At A CAGR Of 10.2% :

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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Inorganic Pigments Market Major Segments
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

Key Driver - Construction Boom Fuels Surge In The Inorganic Pigments Market

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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Prominent Trend - Inorganic Pigments Market Witnesses A Surge In Product Innovation

Product innovation is the key trend in the inorganic pigments market. Companies in the inorganic pigment market are focusing on product innovations to strengthen their position in the market. It involves introducing dispersing agents, ultra-low moisture pigment, lead-free coatings, and others. For instance, in June 2022, Clariant, a Switzerland-based manufacturer of specialty chemicals, launched its first universal polymeric dispersing agent for high-quality pigment preparations that can incorporate organic and inorganic pigments and can be used in all water-based paint systems. Furthermore, waterborne pigment preparations containing Dispersogen Flex 100 may be compatible with solvent-borne base paint systems. The new universal solution provides an innovative, multifunctional, and simple-to-use additive to pigment paste producers and paint producers who also produce pigment pastes.

Inorganic Pigments 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

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Largest And Fastest Growing Region In The Market
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.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Inorganic Pigments Market Report Structure
3. Inorganic Pigments Market Trends And Strategies
4. Inorganic Pigments Market - Macro Economic Scenario
5. Inorganic Pigments Market Size And Growth
…..
27. Inorganic Pigments Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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