According to the latest market research study by Technavio, the global inorganic pigment market is expected to grow at a CAGR of over 4% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global inorganic pigment market regarding revenue and emerging market trends. The report also includes a newest breakdown and forecasts for various market segments and all terrestrial regions.
Technavio research analysts divides the market based on the type
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The top three revenue contributing type segments are discussed below:
Global titanium dioxide pigments market: The innovative 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 across various industries. The extensive use of this chemical in paints and coatings, plastics, paper, inks, food, and cosmetics will fuel the growth of this market segment. Furthermore, this chemical has an outstanding ability to impart whiteness, brightness, hiding power, and durability on various surfaces.
“Paint and coating sector is the largest end-user of titanium dioxide pigments due to the rise in construction activities across the globe. The demand for this chemical is driven by the growth in the personal care products, paints, and coatings, and printing inks sectors. These chemicals have several applications for different products that include polyvinyl applications, antifouling paints, household products, medications, plastic goods, pharmaceutical additives, and food colorants,” says Mahitha Mallishetty, a lead analyst at Technavio for research on paints, coatings, and pigments.
Global iron oxide pigments market: The use of iron oxide pigments is attributed to its consistent dispersing properties, pure hues, and high tinting strengths. The development in the construction industry is augmenting the growth of this market segment. These chemicals in the construction industry are used to color concrete and mortar, which include products like stamped concrete, paving blocks, chequered, and designer tiles. These chemicals also provide high heat resistance, obtains optimum coloring effect, and maintains the film strength in paints.
Global carbon black pigments market: The printing inks sector is the largest market for carbon black pigment, and the manufacturing process of this chemical can be classified into furnace process, channel process, and acetylene process. The features like jetness, mass tone, and tinting strength attribute to its increased application across various industries. These chemicals are used in plastics and water dispersions, and waterborne systems that include both concrete and roofing granules.
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The top vendors operating in the global inorganic pigment market are:
- BASF SE
- DIC Corporation
- Ferro Corporation
- Heubach
- LANXESS
The other prominent vendors in the market include Clariant, CRISTAL, Dainichiseika Color & Chemicals, DuPont, Huntsman International, KRONOS Worldwide, LANSCO COLORS, and Tronox.
A more detailed analysis is available in the Technavio report titled, ‘Global Inorganic Pigment Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Specialty Pigments Market 2016-2020
- Global Dyes and Pigments Market 2016-2020
- Global Ceramic Coatings Market 2016-2020
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