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
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