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The inorganic pigments market has been segmented into titanium dioxide, iron oxide, carbon black, and others.
July 18, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
According to a new market research report from MarketsandMarkets, “Inorganic Pigments Market by Pigment Type (Titanium Dioxide, Iron Oxide, Carbon Black), Application (Paints & Coatings, Plastics, Inks), End-Use Industry (Building & Construction, Automotive, Packaging, Textiles), Region – Global Forecast to 2024,” the inorganic pigment market is expected to grow from USD 22.0 billion in 2019 to USD 28.3 billion by 2024, at a CAGR of 5.1%. The major factors driving the inorganic pigments market include growth of the global construction sector and increasing significance of aesthetics in the packaging industry. On the basis of pigment type, the inorganic pigments market has been segmented into four types, namely, titanium dioxide, iron oxide, carbon black, and others. Titanium dioxide is projected to lead the global inorganic pigments market during the forecast period. The demand for titanium dioxide is the highest due to its white color. The inorganic pigments market has been segmented on the basis of application into four categories: paints & coatings, plastics, inks, and others. Among these applications, the paints & coatings application accounted for the largest market share in 2019. Growing demand for various types of coatings, such as automotive coating, industrial coating, coil coatings, floor coatings, marine coatings, and can coatings, is driving the market for inorganic pigments in the paints & coatings segment. The global building & construction industry is growing rapidly owing to the increasing focus and investments in the construction sector. Inorganic pigments improve the quality of construction materials. In the building & construction industry, inorganic pigments are used in pavers, flooring, tiling, bridges, pipe & panels, and precast walls.
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