Inorganic pigments are the oldest pigments manufactured from petrochemical sources or natural resources and used across the world. Manufacturing is based on the phenomenon of refraction, these pigments provide iridescent effect, complex effect, metallic effect, pearlescent effect, and fluorescent effect
Increasing demand from various Industries is anticipated to drive the demand for Inorganic pigments during the forecast period. Inorganic pigments are widely used in paints and coatings, plastics, printing inks, automotive, personal care products, ceramics, rubber, laminates, and glass. They impart color to paints, inks, plastics, papers, rubbers, concrete blocks, tiles, etc. In addition, Inorganic pigments offer high abrasion resistance all these factors are likely to drive the demand for inorganic pigments. Furthermore, rapid industrialization, growth in the construction industry and increasing usage as colorants in the plastic industry be expected to enhance market growth.
“Global Inorganic Pigments Market was Valued at US$ 48.2 Bn in 2018 and it is Expected to Reach More than US$ 27.9 Bn by 2027, Likely to Grow with the CAGR of 4.9% During the Forecast Period”
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The Paints & Coatings Application segment is estimated to be the largest application of the Inorganic Pigments and is projected to grow at the highest rate above 5.0 % in the Inorganic Pigments market during the forecast period. The rising demand for paints and coatings in from the architectural and automotive sectors are on the rise and it is anticipated to provide growth opportunities for the inorganic pigments in the upcoming years
The Asia Pacific accounts for more than 50% of the global consumption of inorganic pigments and is expected to grow at a significant rate during the forecast period. The rapid industrialization and growing infrastructure development are expected to be factors contributing to the growth, particularly in China, India, and Indonesia. This provides huge opportunities to regional as well as global manufacturers. Rapid growth in construction and automotive industries and the rise in population in the Asia Pacific are factors projected to propel the market in the region during the forecast period.
The Chemours Chemical Company, CRISTAL, TRONOX Limited, and Huntsman Corporation these are the top four players account for a major share of the total production of inorganic pigments. Some of the key players in the global Inorganic Pigments market are E. I. du Pont de Nemours and Company, LANXESS, Ferro Corporation, BASF SE, DIC Corporation, Heubach GmbH, and Rockwood Company LLC.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
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e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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