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White Inorganic Pigments Market Expansion Outlook: $31.56 Billion in 2029
White Inorganic Pigments Market
What Is the Projected CAGR for the White Inorganic Pigments Market from 2024 to 2025?
There has been a robust growth in size of the market for white inorganic pigments in recent years. The expected increase is from $22.68 billion in 2024 to $23.91 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.4%. Factors contributing to this growth during the historic period include expansion of the construction industry, rising demand for paints and coatings, escalating needs in the automotive sector, amplified use in plastics, and global urbanizing trends.
What are the Expected Market Size and CAGR for White Inorganic Pigments by 2029?
The market for white inorganic pigments is predicted to experience significant expansion in the coming years, with an expected worth of $31.56 billion in 2029 and a compound annual growth rate (CAGR) of 7.2%. This predicted expansion during the forecast period could be due to factors such as architectural renovations and upgrades, the enforcement of environmental regulations, the growing packaging sector, manufacturing of consumer goods, and a shift towards sustainable processes. Major forecasts for the period include an increase in demand for white pigments within the plastic industry, the emergence of nanostructured white pigments, emphasis on specialty pigments for cosmetics, integration with innovative coating technologies, and usage in digital printing inks.
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Which Factors Are Driving the Global White Inorganic Pigments Market Expansion?
The advancement of the worldwide construction industry is predicted to stimulate the expansion of the white inorganic pigments market. The construction sector encompasses the industrial aspect of manufacturing and activities related to commerce, such as building, repairing, overhauling, and preserving infrastructure. White inorganic pigments find their applications in building coatings and materials to ensure durability and aesthetic appeal. For instance, the U.S. Construction Cost Trends report of 2022 indicates a surge in residential construction, promoting an increase in the demand for materials and labor, intensifying competition, and cost strains. Construction expenditures in the U.S. have seen a 16% rise since the advent of the pandemic. Hence, the progression of the international construction industry fuels the expansion of the white inorganic pigments market.
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Which Segment Currently Holds the Largest Share of the White Inorganic Pigments Market?
The white inorganic pigments market covered in this report is segmented -
1) By Product Type: Aluminium Silicate, Calcium Silicate, Calcium Carbonate, Silica, Titanium Dioxide, Zinc Oxide, Other Products
2) By Application: Paints and Coatings, Adhesives and Sealants, Plastics, Cosmetics, Paper, Inks, Other Applications
Subsegments:
1) By Aluminum Silicate: Kaolin Clay, Attapulgite
2) By Calcium Silicate: Precipitated Calcium Silicate, Ground Calcium Silicate
3) By Calcium Carbonate: Ground Calcium Carbonate (GCC), Precipitated Calcium Carbonate (PCC)
4) By Silica: Fumed Silica, Precipitated Silica
5) By Titanium Dioxide: Rutile Titanium Dioxide, Anatase Titanium Dioxide
6) By Zinc Oxide: Zinc Oxide Powder, Nano Zinc Oxide
Which Major Trends Are Shaping the Future of the White Inorganic Pigments Industry?
The emergence of product innovations is a noteworthy trend being observed in the market for white inorganic pigments. Market-leading companies in this space are creating pigments with low-abrasion properties to offer improved alternatives. For example, Clariant AG, a speciality chemicals entity based in Switzerland, unveiled the advanced Dispersogen Flex 100 in June 2022. This product stands as the initial universal polymeric dispersing agent for high-grade pigment preparations that can amalgamate organic and inorganic pigments and find use across all water-based paint systems. This product is characterized as being generic and low-VOC, without a label, and boasts Clariant's EcoTain label.
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Which Key Players Dominate the White Inorganic Pigments Industry Globally?
Major companies operating in the white inorganic pigments market market include The Chemours Company, Tronox Holdings plc, Lanxess AG, Kronos Worldwide Inc., BASF SE, Venator Materials plc, Altana AG, Gharda Chemicals Limited, Heubach GmbH, Cathay Industries Group, Sun Chemical Corporation, Sudarshan Chemical Industries Limited, Ferro Corporation, Travancore Titanium Products Ltd., Clariant International AG, Alabama Pigments Company, Cabot Corporation, Carl Schlenk AG, Dominion Colour Corporation, DyStar Singapore Pte. Ltd., ECKART GmbH, Ineos Pigments USA Inc., Jiangsu Yuxing Industry & Trade Co. Ltd., Albemarle Corporation, DuPont de Nemours Inc., Evonik Industries AG, Huntsman Corporation, Lomon Billions Group Co. Ltd., Merck KGaA, Nippon Paint Holdings Co. Ltd., OCI Company Ltd., PPG Industries Inc., Rockwood Holdings Inc., Tikkurila Oyj, Toyo Ink SC Holdings Co. Ltd., Trust Chem Co. Ltd., Union Colours Limited, Vibfast Pigments Pvt Ltd.
What Are the Fastest-Growing Regions in the White Inorganic Pigments Market?
North America was the largest region in the white inorganic pigments market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the white inorganic pigments Market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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