Press release
Inorganic Pigments Market Expansion Outlook: $39.38 Billion in 2029
Inorganic Pigments
What Is the Projected CAGR for the Inorganic Pigments Market from 2024 to 2025?
The market size of inorganic pigments has experienced substantial growth in the past few years. It is projected to increase from a value of $29.19 billion in 2024 to $30.84 billion in 2025, registering a compound annual growth rate (CAGR) of 5.7%. The historical growth is largely attributed to expansion in the construction industry, rising demand for paints and coatings, needs from the automotive sector, growth in the plastics and packaging industry, and applications in the textile and printing sectors.
What are the Expected Market Size and CAGR for Inorganic Pigments by 2029?
In the coming years, the market size for inorganic pigments is anticipated to witness substantial expansion. The market is set to proliferate to $39.38 billion by 2029 at a 6.3% compound annual growth rate (CAGR). The predicted growth during the forecast timeline could be a result of proliferating infrastructure development ventures, increasing innovations in specialty pigments, trends in the automotive sector, adoption of green practices, and advances in packaging. The forecast period is likely to be characterized by a surge in the adoption of inorganic pigments in construction materials, advancements in metallic and pearlescent pigments, heightened focus on product quality control and traceability, embracing of eco-friendly production practices, and the provision of tailored solutions for different industry end-users.
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Which Factors Are Driving the Global Inorganic Pigments Market Expansion?
The inorganic pigments market is driven by an increase in construction activities. This increase is a result of fast-paced industrialization and urbanization. The key role of inorganic pigments in paints and coatings used in the construction of buildings and other equipment to provide color and maintain exterior durability cannot be overstated. The U.S. Census Bureau's 2022 report on monthly construction expenditure projected an amount of $1,744.8 billion for April 2022, indicating a 0.8% increase from the revised estimate of $1,740.6 billion in March. Consequently, the rising expenditure on construction activities is fueling the expansion of the inorganic pigments market.
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Which Segment Currently Holds the Largest Share of the Inorganic Pigments Market?
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
Subsegments:
1) By Natural Inorganic Pigments: Earth Pigments, Oxides, Sienna And Umber
2) By Synthetic Inorganic Pigments: Cadmium Pigments, Cobalt Pigments, Chromium Pigments, Titanium Dioxide, Barium Pigments
Which Major Trends Are Shaping the Future of the Inorganic Pigments Industry?
The primary prevailing trend in the inorganic pigments market is innovation in products. Entities operating in the market of inorganic pigments place an emphasis on innovating their products to fortify their market position. Their strategies include the introduction of various products such as dispersing agents, ultra-low moisture pigment, and lead-free coatings, among others. Clariant, a specialty chemicals manufacturer based in Switzerland, unveiled its pioneering universal polymeric dispersing agent in June 2022. This is specifically designed for high-quality pigment preparations capable of incorporating both organic and inorganic pigments and is applicable to all forms of water-based paint systems. Additionally, waterborne pigment preparations equipped with Dispersogen Flex 100 could also be compatible with solvent-borne base paint systems. This newly developed universal solution offers an inventive, multi-purpose, and easy-to-use additive to producers of pigment paste and paint manufacturers who also create pigment pastes.
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Which Key Players Dominate the Inorganic Pigments Industry Globally?
Major companies operating in the inorganic pigments market include 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
What Are the Fastest-Growing Regions in the Inorganic Pigments Market?
Asia-Pacific was the largest region in the inorganic pigments market in 2024. 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.
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