Inorganic Pigments Market
PUBLISHED: 2024 ID: SMRC24772
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Inorganic Pigments Market

Inorganic Pigments Market Forecasts to 2030 - Global Analysis By Pigment Type (Cadmium, Titanium Dioxide, Iron Oxide, Carbon Black, Chromium Oxide and Other Pigment Types), Form , Raw Material, Application, End User and By Geography

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4.8 (44 reviews)
Published: 2024 ID: SMRC24772

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Inorganic Pigments Market is accounted for $25.2 billion in 2023 and is expected to reach $55.5 billion by 2030 growing at a CAGR of 11.9% during the forecast period. Inorganic pigments are colorants that are composed of inorganic compounds. These pigments are typically mineral-based and are derived from naturally occurring elements or synthetically produced inorganic substances. Unlike organic pigments, which are carbon-based compounds, inorganic pigments do not contain carbon in their molecular structure. Inorganic pigments are widely used in various industries and they offer a broad range of colors, stability, and resistance to environmental factors such as light, heat, and chemicals.

According to the State Committee for the development and reform of the people's Republic of China, cement production in August this year increased by 6.6% in annual terms compared to July 2020, and in the same period last year, its growth rate was 3.6%. Inorganic color pigments are used as colorants in various construction materials.

Market Dynamics: 

Driver: 

Increasing industrialization

The market is experiencing a surge in industrialization, driven by increased demand across various sectors. Industries such as paints and coatings, plastics, and construction are witnessing robust growth, fueling the expansion of the inorganic pigments market. Factors such as rising infrastructure development, urbanization, and a growing focus on sustainable and high-performance pigments contribute to this trend. The para indicates a favorable environment for continued industrialization in the inorganic pigments sector, with opportunities for innovation and market diversification.

Restraint:

Health and environmental concerns

The market raises health and environmental concerns due to the presence of heavy metals like cadmium, lead, and chromium in certain formulations. Exposure to these toxic elements can pose significant health risks, leading to various illnesses. Additionally, the production and disposal of inorganic pigments contribute to environmental pollution, impacting soil and water quality. Balancing the demand for vibrant pigments with environmental responsibility remains a crucial challenge for the market.

Opportunity:

Rising demand in packaging

Increased industrial activities, infrastructure development, and growing consumer preferences for sustainable and visually appealing packaging contribute to this trend. As manufacturers seek innovative and efficient packaging for inorganic pigments, the market is responding with a variety of solutions. This rising demand underscores the significance of packaging in the inorganic pigments sector, where effective packaging plays a crucial role in ensuring product integrity and market competitiveness.

Threat:

Price volatility of raw materials

The price volatility of raw materials in the market is influenced by factors such as supply chain disruptions, geopolitical events, and fluctuations in demand. Key raw materials like titanium dioxide, iron oxide, and chromium are susceptible to market dynamics, impacting production costs. Economic conditions, regulatory changes, and environmental concerns also contribute to price fluctuations. Industry participants closely monitor these factors to adapt their strategies and manage risks, navigating the dynamic landscape of the inorganic pigments market.

Covid-19 Impact: 

The COVID-19 pandemic has significantly impacted the inorganic pigments market, causing disruptions in the supply chain and affecting production. Lockdowns and restrictions led to decreased industrial activities, impacting demand. Fluctuating raw material prices and transportation challenges added to the market's challenges. However, the increased focus on hygiene and healthcare products during the pandemic has partially offset the decline. The market has witnessed shifts in consumer behavior, emphasizing the importance of adaptability and resilience in the face of global crises.

The titanium dioxide segment is expected to be the largest during the forecast period

The titanium dioxide segment is expected to be the largest during the forecast period due to the escalating demand across diverse sectors, making it a crucial component in various manufacturing processes.  Widely used in paints, coatings, plastics, and other industries, it delivers excellent opacity and UV resistance. Its inert nature and stability contribute to its popularity. The market is characterized by innovation, technological advancements, and stringent environmental regulations influencing product development and market dynamics.

The plastics segment is expected to have the highest CAGR during the forecast period

The plastics segment is expected to have the highest CAGR during the forecast period. Plastics act as effective carriers, enhancing the dispersion and stability of inorganic pigments in different formulations. This trend is particularly prominent in industries such as packaging, automotive, and construction, where the demand for vibrant and durable color solutions is high. The versatile nature of plastics contributes to the growth of the inorganic pigments market, providing manufacturers with innovative options for achieving desired color effects in their products.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. Increasing infrastructural activities, coupled with the expanding automotive sector, contribute to the market's positive outlook. Titanium dioxide and iron oxide pigments are among the prominent types in use. Stringent regulations regarding environmental sustainability and product safety are shaping market trends, prompting manufacturers to focus on developing eco-friendly pigment solutions. The market is characterized by competitive dynamics, innovation, and a growing emphasis on sustainable practices within the region.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. Rising demand from key end-use industries such as construction, automotive, and packaging is propelling market expansion. Additionally, a surge in disposable income and changing consumer preferences contribute to the demand for aesthetically appealing products, further boosting the use of inorganic pigments in various applications. The region's thriving manufacturing sector and favorable economic conditions position as a significant hub for inorganic pigments, with sustained market growth.

Key players in the market

Some of the key players in Inorganic Pigments market include BASF SE, Chemours Company, LANXESS AG, Huntsman Corporation, Ferro Corporation, Tronox Holdings plc, DIC Corporation, Heubach GmbH, Merck Group, Tokan Material Technology Co., Ltd., Ferro Corporation, DyStar Singapore, Meghmani Pigments, Cabot Corporation, Intech Coatings, Heubach GmbH and Clariant.

Key Developments:

In March 2023, BASF’S European distribution organization, and Sudarshan Chemical Industries, a manufacturer of high-quality pigments, have signed an agreement on the distribution of organic and inorganic pigments as well as effect pigments in Europe.

In February 2023, Heubach launched new range of products at ECS 2023. The new Heubach Group, a market leader in diversified organic and inorganic pigments and preparation, unveil an innovative and exciting range of new products and tools.

Pigment Types Covered:
• Cadmium
• Titanium Dioxide
• Iron Oxide
• Carbon Black
• Chromium Oxide
• Other Pigment Types
 
Forms Covered:
• Powder
• Liquid 

Raw Materials Covered:
• Oxide
• Carbonate
• Silicate
• Sulphide
• Sulphate

Applications Covered:
• Inks
• Paints & Coatings
• Plastics
• Ceramics
• Rubber
• Laminates
• Other Applications

End Users Covered:
• Building & construction
• Automotive
• Packaging
• Paper & printing
• Textiles
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary      
        
2 Preface       
 2.1 Abstract      
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology    
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions    
        
3 Market Trend Analysis     
 3.1 Introduction     
 3.2 Drivers      
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats      
 3.6 Application Analysis    
 3.7 End User Analysis     
 3.8 Emerging Markets     
 3.9 Impact of Covid-19     
        
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry     
        
5 Global Inorganic Pigments Market, By Pigment Type  
 5.1 Introduction     
 5.2 Cadmium      
 5.3 Titanium Dioxide     
 5.4 Iron Oxide     
 5.5 Carbon Black     
 5.6 Chromium Oxide     
 5.7 Other Pigment Types    
        
6 Global Inorganic Pigments Market, By Form    
 6.1 Introduction     
 6.2 Powder      
 6.3 Liquid      
        
7 Global Inorganic Pigments Market, By Chemistry   
 7.1 Introduction     
 7.2 Oxide      
 7.3 Carbonate     
 7.4 Silicate      
 7.5 Sulphide      
 7.6 Sulphate      
        
8 Global Inorganic Pigments Market, By Application   
 8.1 Introduction     
 8.2 Inks      
 8.3 Paints & Coatings     
 8.4 Plastics      
 8.5 Ceramics      
 8.6 Rubber      
 8.7 Laminates     
 8.8 Other Applications     
        
9 Global Inorganic Pigments Market, By End User   
 9.1 Introduction     
 9.2 Building & construction    
 9.3 Automotive     
 9.4 Packaging     
 9.5 Paper & printing     
 9.6 Textiles      
 9.7 Other End Users     
        
10 Global Inorganic Pigments Market, By Geography   
 10.1 Introduction     
 10.2 North America     
  10.2.1 US     
  10.2.2 Canada     
  10.2.3 Mexico     
 10.3 Europe      
  10.3.1 Germany     
  10.3.2 UK     
  10.3.3 Italy     
  10.3.4 France     
  10.3.5 Spain     
  10.3.6 Rest of Europe    
 10.4 Asia Pacific     
  10.4.1 Japan     
  10.4.2 China     
  10.4.3 India     
  10.4.4 Australia     
  10.4.5 New Zealand    
  10.4.6 South Korea    
  10.4.7 Rest of Asia Pacific    
 10.5 South America     
  10.5.1 Argentina    
  10.5.2 Brazil     
  10.5.3 Chile     
  10.5.4 Rest of South America   
 10.6 Middle East & Africa    
  10.6.1 Saudi Arabia    
  10.6.2 UAE     
  10.6.3 Qatar     
  10.6.4 South Africa    
  10.6.5 Rest of Middle East & Africa   
        
11 Key Developments      
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 11.2 Acquisitions & Mergers    
 11.3 New Product Launch    
 11.4 Expansions     
 11.5 Other Key Strategies    
        
12 Company Profiling      
 12.1 BASF SE      
 12.2 Chemours Company    
 12.3 LANXESS AG     
 12.4 Huntsman Corporation    
 12.5 Ferro Corporation     
 12.6 Tronox Holdings plc     
 12.7 DIC Corporation     
 12.8 Heubach GmbH     
 12.9 Merck Group     
 12.10 Tokan Material Technology Co., Ltd.   
 12.11 Ferro Corporation     
 12.12 DyStar Singapore     
 12.13 Meghmani Pigments    
 12.14 Cabot Corporation     
 12.15 Intech Coatings     
 12.16 Heubach GmbH     
 12.17 Clariant      
        
List of Tables       
1 Global Inorganic Pigments Market Outlook, By Region (2021-2030) ($MN)
2 Global Inorganic Pigments Market Outlook, By Pigment Type (2021-2030) ($MN)
3 Global Inorganic Pigments Market Outlook, By Cadmium (2021-2030) ($MN)
4 Global Inorganic Pigments Market Outlook, By Titanium Dioxide (2021-2030) ($MN)
5 Global Inorganic Pigments Market Outlook, By Iron Oxide (2021-2030) ($MN)
6 Global Inorganic Pigments Market Outlook, By Carbon Black (2021-2030) ($MN)
7 Global Inorganic Pigments Market Outlook, By Chromium Oxide (2021-2030) ($MN)
8 Global Inorganic Pigments Market Outlook, By Other Pigment Types (2021-2030) ($MN)
9 Global Inorganic Pigments Market Outlook, By Form  (2021-2030) ($MN) 
10 Global Inorganic Pigments Market Outlook, By Powder (2021-2030) ($MN)
11 Global Inorganic Pigments Market Outlook, By Liquid (2021-2030) ($MN) 
12 Global Inorganic Pigments Market Outlook, By Chemistry (2021-2030) ($MN)
13 Global Inorganic Pigments Market Outlook, By Oxide (2021-2030) ($MN) 
14 Global Inorganic Pigments Market Outlook, By Carbonate (2021-2030) ($MN)
15 Global Inorganic Pigments Market Outlook, By Silicate (2021-2030) ($MN)
16 Global Inorganic Pigments Market Outlook, By Sulphide (2021-2030) ($MN)
17 Global Inorganic Pigments Market Outlook, By Sulphate (2021-2030) ($MN)
18 Global Inorganic Pigments Market Outlook, By Application (2021-2030) ($MN)
19 Global Inorganic Pigments Market Outlook, By Inks (2021-2030) ($MN) 
20 Global Inorganic Pigments Market Outlook, By Paints & Coatings (2021-2030) ($MN)
21 Global Inorganic Pigments Market Outlook, By Plastics (2021-2030) ($MN)
22 Global Inorganic Pigments Market Outlook, By Ceramics (2021-2030) ($MN)
23 Global Inorganic Pigments Market Outlook, By Rubber (2021-2030) ($MN)
24 Global Inorganic Pigments Market Outlook, By Laminates (2021-2030) ($MN)
25 Global Inorganic Pigments Market Outlook, By Other Applications (2021-2030) ($MN)
26 Global Inorganic Pigments Market Outlook, By End User (2021-2030) ($MN)
27 Global Inorganic Pigments Market Outlook, By Building & construction (2021-2030) ($MN)
28 Global Inorganic Pigments Market Outlook, By Automotive (2021-2030) ($MN)
29 Global Inorganic Pigments Market Outlook, By Packaging (2021-2030) ($MN)
30 Global Inorganic Pigments Market Outlook, By Paper & printing (2021-2030) ($MN)
31 Global Inorganic Pigments Market Outlook, By Textiles (2021-2030) ($MN)
32 Global Inorganic Pigments Market Outlook, By Other End Users (2021-2030) ($MN)
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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