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Inorganic Pigments Market: In-Depth Analysis, Market Expansion Insights, Evolving Trends, and Future Growth Forecast 2033
Inorganic Pigments Market
As per the report, 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 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%.
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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.
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.
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
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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
Contents of the report:
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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