Albany, NY -- (SBWIRE) -- 08/10/2018 -- Inorganic pigments are manufactured by using petrochemical sources or natural resources. These are the oldest pigments used across the world. On the basis of phenomenon of refraction, these pigments provide an iridescent effect, complex effect, pearlescent effect, metallic effect, and florescent effect. They have properties such as good color strength, heat and light stability, opacity, weather and chemical resistance. Titanium dioxide is a highly consumed inorganic pigment as it possesses good thermal stability. Inorganic pigments are used extensively in the formulation of paints and coatings.
Based on product, the global inorganic pigments market has been classified into titanium dioxide, iron oxide, carbon black, chromium compounds, and others. In terms of end-user industry, the market has been segmented into paints & coatings, plastics, printing inks, and personal care. Rising use of paints and coatings in automotive refinishes is likely to augment the demand for inorganic pigments during the forecast period, owing to excellent color effect and anti-corrosive properties of inorganic pigments. Application of inorganic pigments on automotive bodies gives tinting strength, brightness, and fastness. The global automotive industry has been expanding significantly over the last few years. Developing economies such as China, India, and Mexico have been experiencing significant rise in automotive production for the last few years.
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Use of inorganic pigments in the formulation of paints and coatings improves aesthetic features and impart a glossy effect to surfaces. Usage of inorganic pigments helps impart brightness, heat stability, and optical stability to the paint. Significant growth of the paints & coatings industry in developing economies is likely to drive the global inorganic pigments market during the forecast period. The increased per capita consumption of paints and coatings in India, China, ASEAN, Singapore, GCC, and South Korea fuels the demand for inorganic pigments in these countries. Among paints and coatings, the demand for decorative and industrial paints is anticipated to increase significantly in the near future, owing to advancements in housing construction and infrastructural development. Growth of marine, furniture, and consumer goods sectors fuels the demand for industrial paints.
Based on region, the global inorganic pigments market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominates the global inorganic pigments market. Several favorable government policies and public–private partnership programs have propelled construction and infrastructure activities in countries such as China, Indonesia, the Philippines, Thailand, and India. Furthermore, rise in purchasing power of consumers is propelling the automotive industry in Asia Pacific. Demand for inorganic pigments in the printing inks industry is anticipated to increase during the forecast period, due to increasing utilization of these inks for digital printing.
The report analyzes and forecasts the market for inorganic pigments at the global and regional levels. The market has been projected in terms of volume (kilo tons) and revenue (US$ Mn) from 2017 to 2026. The study includes drivers and restraints for the global inorganic pigments market. It also covers the impact of these drivers and restraints on the demand for inorganic pigments during the forecast period. The report also highlights opportunities for growth of the inorganic pigments market at the global and regional levels.
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The study includes profiles of major companies operating in the global inorganic pigments market. Key players profiled in the report include The Chemours Chemical Company, CRISTAL, TRONOX Limited, and Huntsman Corporation. These players account for a major share of the total production of inorganic pigments. Also, they are forward integrated. Brand promotions and launch of new products are likely to raise sales of inorganic pigments in the next few years. Market leaders look for different measures such as strategic pricing and product improvement to increase their profit margin.
Global Inorganic Pigments Market – by Product
- Titanium Dioxide
- Iron Oxide
- Carbon Black
- Chromium Compounds
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