Inorganic Color Pigments Market Size, Share, Growth, Trends, Company Analysis, Regional Insights and Forecast 2020 - 2027

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Chemical and Material

The global inorganic color pigments market size is expected to reach USD 3.70 billion by 2027, according to a new report by Vision Research Reports.

The global inorganic color pigments market size was valued at USD 3.04 billion in 2019. It is expected to expand at a compound annual growth rate (CAGR) of 2.8%, in terms of revenue, from 2020 to 2027.

Rising demand for inorganic color pigments in plastics, printing inks, and paints and coating application is anticipated to fuel the market growth.

The growth in the building and construction industry across the globe has been contributing significantly to driving the demand for inorganic color pigments. Countries such as China, India, the U.S., and Germany are some major countries showing significant growth potential in the construction sector. Increasing industrialization coupled with rising population has encouraged governments to raise their construction spending for infrastructural development which is expected to boost the construction activities and will create massive demand for inorganic color pigments in the coming years.

Moreover, inorganic color pigments are also widely used in the plastics industry. They are used as a colorant in manufacturing various plastic products including auto parts, fenders, soda bottles, food packaging, toys, vinyl sidings, and others. Rising adoption of plastics as a substitution of glass, metals, wood, natural rubber, and other materials is expected to drive the global plastics market. Various products such as polyvinyl chloride, polyethylene terephthalate, polyolefins, acrylonitrile butadiene styrene, and other plastics are rapidly replacing most materials in the automotive, construction and infrastructure, and packaging, and other application sectors. Increasing regulations and awareness regarding the reduction of carbon emissions are leading to the replacement of metals and heavy materials with lightweight plastics, especially in automobiles and industrial machinery. All these factors are expected to have a positive impact on the demand for inorganic color pigments over the forecast period.

Highlights

  • The paints and coatings segment led the market and accounted for more than a 35% share of the global revenue in 2019. The significant market share is attributed to the increasing demand for paints and coatings in construction, automotive, and general industry applications. Rising demand for coatings from various industries, such as building and construction and oil and gas, is expected to have a positive impact on the demand for inorganic color pigments over the forecast period.
  • The iron oxide segment led the market and accounted for more than 57% share of the global revenue in 2019. The increasing demand from the paints and coating industry is expected to drive the segment over the forecast period. Iron oxide is widely preferred over natural pigments, owing to their excellent quality and purity.
  • Asia Pacific dominated the market and accounted for over 36% of the revenue share in 2019. The positive outlook of the plastics and paints and coatings market in China, India, Japan, and South Korea is expected to promote the usage of inorganic color pigments over the forecast period.
  • Ultramarine blue is the second-largest segment and is expected to expand at a healthy CAGR of 3.7% over the forecast period

Key Players

  • Huntsman International LLC

  • BASF SE

  • Lanxess

  • Venator Materials PLC

  • Applied Minerals, Inc.

  • Cathay Industries

  • Hunan Sanhuan Pigment Co., Ltd.

  • KRONOS Worldwide, Inc.

Market Segmentation

Product Outlook

    • Iron Oxide

    • Carbon and Vegetable Black

    • Ultramarine Blue

    • Chrome Green

    • Others

Application Outlook

    • Plastics

    • Paints & Coatings

    • Printing Inks

    • Others

Regional Outlook

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • GCC Countries

      • South Africa


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