Complex Inorganic Pigments Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3952
Complex Inorganic Pigments Market size is rapidly growing from 2019 to 2025 due to increasing demand for paint & coating products across the globe. Complex inorganic pigments (CCIP) are extensively used to improve key properties such as thermal stability, aesthetics, chemical resistance, durability, etc. in the products where they are used. These pigments are used for paints & coatings application in coils, plastic, construction materials, ceramic products, etc. Organic pigments when used alone, do not provide a better cost to performance ratio. Hence, complex inorganic pigments are used in combination with organic products to provide color stability for a longer period of time. Growing construction industry is primarily driving the paints & coatings demand across the world, which will further enhance the CCIP demand in the upcoming years.
Another key growth enabling factor for the industry is increasing demand for high performance pigments. These products are used over conventional products owing to their superior characteristics including operational life, multi-use applications, high light & heat resistance, etc. Increasing demand for these products in various end-user industries will drive the complex inorganic pigments market in the upcoming years.
Although complex inorganic pigments are widely used in several end-user industries, stringent government regulations related to the product may hamper industry growth in the upcoming years. Government agencies such as United States Environmental Protection Agency, ECHA, European Chemicals Agency, etc. have provided regulations regarding manufacture and disposal of CCIPs in order to reduce the excessive exposure related to the product.
Complex inorganic pigments market has been segmented based on product, color, application and region. On the basis of product, the market has been categorized into cobalt-based CCIP, titanate-based CCIP, iron-based CCIP, nickle manganese-based CCIP and chromium based CCIP. Cobalt-based complex inorganic pigments are extensively used to provide protection against warpage in polyolefins.
On the basis of color, the complex inorganic pigments market has been categorized into black, yellow, green, brown and others. Other colors include green, red, violet, blue, etc. Black color complex inorganic pigments are extensively used in the application of coil coatings, cookware coatings, ceramic, temperature resistant coatings, etc.
On the basis of applications, the complex inorganic pigments market has been categorized into paints & coatings, glass, concrete, plastics and others. Other application segments include artist color application, enamel, etc. Paints & coatings application segment will grow significantly in the upcoming years due to growing product usage. The product is extensively used in variety of industrial and consumer coating applications including outside powder coating, architectural coatings, coil coatings, etc. They can also be used in combination with the organic coatings to produce excellent colored layers like lead-free topcoat. Concrete segment is likely to have considerable share in the complex inorganic pigments market as the product is widely used in coating applications of exterior buildings made up of concrete, cement, roofing granules, etc.
Asia Pacific is likely to have significant complex inorganic pigments market demand in the upcoming years due to growing usage of paints & coatings in the construction industry. Rising urbanization in the major countries such as China, Japan and India are the key drivers for the growth of the construction industry in Asia. Increasing government regulations are creating need for inorganic products which will further enhance the product demand in the upcoming years. Europe will also be a key region in the market due to growing construction activities. Rising investment related to infrastructure activities in the Eastern European countries will increase the paints & coatings demand in the region, which will further enhance the complex inorganic pigments market in the coming years.
Some of the key players in the CCIP market include Venator, Heubach, Tokan Material Technology, Mason Colors, Shepherd Color, Hanil, Asahi Kasei Kogyo Co., LANXESS, Lanso Colors.
Complex inorganic pigments Market, By Product, 2014-2025 (USD Million)
- Nickel Manganese-based
- Chromium based
Complex inorganic pigments Market, By Color, 2014-2025 (USD Million)
- Others (green, red, violet, blue, etc.)
Complex inorganic pigments Market, By Application, 2014-2025 (USD Million)
- Paints & coatings
- Other (artist color application, enamel, etc.)
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- Saudi Arabia
- South Africa
- Heubach GmbH
- Tokan Material Technology Co.,Ltd.
- Mason Colors
- Shepherd Color
- Asahi Kasei Kogyo Co., Ltd.
- Lanso colors
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