Home > Chemicals & Materials > Paints and Coatings > Specialty Coatings > Inorganic Pigments Market

Inorganic Pigments Market Trends

Report ID: GMI8107
Published Date: Feb 2024
Report Format: PDF

Download Free Sample

Inorganic Pigments Market Trends

Sustainability is a prominent theme, with a growing emphasis on eco-friendly pigments and manufacturing processes, driven by environmental awareness. Technological advancements in pigment production are evident, leading to innovations such as nanotechnology-based pigments, offering enhanced performance characteristics. Increasing demand for customized colors in various industries is driving the trend towards specialty inorganic pigments. Additionally, regulatory compliance and the shift toward low-VOC (volatile organic compounds) formulations are influencing product developments to meet stringent environmental standards. Lastly, the market is witnessing a surge in research and development activities focused on creating high-performance pigments with improved durability, stability, and application versatility.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for inorganic pigments reached around USD 28 billion in revenue in 2023 and is set to expand at over 3.9% CAGR between 2024 and 2032 driven by the increasing demand in the construction sector for paints, coatings, and building materials, contributing to aesthetic finishes and long-lasting protection against environmental elements.

Inorganic pigments industry from the titanium dioxide segment generated USD 18 billion in revenue in 2023 and is estimated to witness high demand through 2032 owing to its exceptional opacifying and whitening properties contributing to its increasing preference in the paints and coatings industry.

Asia Pacific industry size for inorganic pigments was worth USD 10.1 billion in 2023 and is estimated to exhibit robust growth through 2032 driven by the rapid industrialization, urbanization, and robust construction activities across emerging economies contributing to a heightened demand for pigments in paints, coatings, and building materials.

Some of the major firms engaged in the inorganic pigments industry are Atul Ltd., BASF, Cabot Corporation, Clariant, DuPont de Nemours, Inc., Essel Propack Ltd., Hebei Honghua Chemical Industry Group Co., Ltd., Kronos Worldwide, Lanxess AG, Merck KGaA, Nanjing Zijin Organic Chemical Co., Ltd., and Orient International Holding Limited.