Global Inorganic Pigment Market 2017-2021

Overview of the global inorganic pigment market

Technavio’s market research analyst predicts the global inorganic pigment market to grow steadily at a CAGR of above 4% by 2021. One of the primary drivers for this market is the relatively easier dispersion process of inorganic pigments. The dispersion of pigments usually requires three primary ingredients that are a pigment, surfactant, and a grinding vehicle. The formulation process involves the calculated blending of these three ingredients. Stabilization in the primary particle state is the major challenge observed during the processing of pigment dispersions. If not done correctly, the pigment aggregates into groups interconnected through intermolecular forces. Consequently, pigments that require the least dispersion are often selected to increase the production volumes in manufacturing units. The fact that the dispersion of inorganic pigments is easier when compared with organic pigments makes it the preferred choice for many plastics and paints and coating applications. This advantage of the inorganic pigment will propel the market growth of the global inorganic pigment market in the coming years.

In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The increasing focus on development, rapid industrialization, and flourishing automotive industry, especially in China and India, are anticipated to drive the demand for paints and coatings in APAC. The region had witnessed a significant increase in infrastructure investments over the last decade and is expected to increase further. Also, the rapid rise in the infrastructure developments in Singapore, Indonesia, and Vietnam are considered as the key contributors to the growth of the inorganic pigments market in APAC during the forecast period.

Competitive landscape and key vendors

The global organic pigments market is highly fragmented due to the presence of several vendors both globally and regionally. Currently, the inorganic pigment market is going through a consolidation phase where small- and medium-scale vendors are exiting the market, and strategic acquisitions and mergers are on the rise. To gain a competitive edge, vendors are competing based on product performance and quality, price, product availability, security of supply, and better customer service.

Leading vendors in the market are –

• BASF SE
• DIC Corporation
• Ferro Corporation
• Heubach
• LANXESS

Other prominent vendors in the inorganic pigment market include Clariant, CRISTAL, Dainichiseika Color & Chemicals, DuPont, Huntsman International, KRONOS Worldwide, LANSCO COLORS, and Tronox.

Segmentation by type and analysis of the inorganic pigment market

• Titanium dioxide
• Iron oxide
• Carbon black

During 2016, titanium dioxide segment dominated the inorganic pigment market and accounted for a major part of the overall market share. The ability of titanium dioxide to impart whiteness, brightness, hiding power and durability is the key reason for the dominance of this segment in the inorganic pigment market. Further, unique features of titanium dioxide such as high refractive index, excellent chemical compatibility, thermal stability, and resistance to ultraviolet rays make it an ideal pigment for many applications, including paints and coatings, plastics, printing inks, paper, food, and cosmetics.

Segmentation by application and analysis of the inorganic pigment market

• Paints and coating
• Printing inks
• Plastics

In this market study, analysts have estimated the paints and coating segment to dominate the inorganic pigment market during the forecast period. Factors such as heat and thermal resistance, non-warping, and non-bleeding are the major contibutors to the growth of this segment in the inorganic pigment market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global inorganic pigment market?
• What are the key market trends impacting the growth of the global inorganic pigment market?
• What are the challenges to market growth?
• Who are the key vendors in the global inorganic pigment market?
• What are the market opportunities and threats faced by the vendors in the global inorganic pigment market?
• Trending factors influencing the market shares of the Americas, APAC, EMEA.
• What are the key outcomes of the five forces analysis of the global inorganic pigment market?

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