According to the report by Expert Market Research (EMR), the global inorganic colour pigments market size is projected to grow at a CAGR of 3.2% between 2024 and 2032. Aided by the increasing demand in various industries such as paints and coatings, plastics, and construction, the market is expected to grow significantly by 2032.
Inorganic colour pigments are compounds composed of metallic salts and oxides that provide colour to materials. These pigments are widely used for their colour stability, lightfastness, and resistance to weathering. They are essential in various applications, including automotive coatings, industrial paints, plastic products, and building materials. Their ability to withstand extreme conditions makes them ideal for outdoor applications.
The primary driver of the inorganic colour pigments market demand is the growing construction and automotive industries, where these pigments are used extensively in paints and coatings. The increasing urbanisation and industrial growth are leading to a surge in demand for these pigments. Additionally, the rise in consumer demand for attractive and durable colours in automobiles and consumer goods is propelling market growth.
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In the plastics industry, inorganic colour pigments are crucial in providing colour to a wide range of products. Their non-toxic and environmentally friendly nature makes them preferable over organic pigments in many applications, further boosting their demand.
According to the inorganic colour pigments market analysis, there is a rising demand for advanced pigment technologies that offer enhanced properties such as higher colour strength, improved lightfastness, and lower environmental impact. The development of novel inorganic pigments that meet these demands is a key area for growth.
Regionally, Asia-Pacific accounts for a significant portion of the inorganic colour pigments market share, driven by rapid industrialisation and growth in the construction sector, particularly in China and India. North America and Europe also hold significant shares, attributed to their advanced automotive and construction industries.
Looking forward, the market is set for continued growth. The development of new pigments with enhanced properties and the increasing demand from emerging economies are likely to drive market expansion. The trend towards sustainable and environmentally friendly pigments is also expected to shape the future market landscape.
Inorganic Colour Pigments Market Segmentation
The market can be divided based on pigment type, form, application, and region.
Market Breakup by Pigment Type
- Ultramarine
- Cadmium
- Bismuth Pigments
- Iron and Iron Oxide
- Chrome Pigment
- Carbon Black
- Others
Market Breakup by Form
- Aqueous
- Powder
Market Breakup by Application
- Paints and Coatings
- Plastics
- Printing Inks
- Roofing Granules
- Construction Material
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Inorganic Colour Pigments Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global inorganic colour pigments market. Some of the major players explored in the report by Expert Market Research are as follows:
- Ferro Corporation
- Tronox
- Venator Materials PLC
- Heubach GmbH
- Lanxess AG
- Others
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