Overview and Scope
The white inorganic pigments are pigments that give light-scattering qualities to coatings. Inorganic pigments are made from a variety of naturally occurring minerals in addition to minerals synthesized artificially using mineral compounds such as oxides and sulphides of one or more metals. The white inorganic pigments are used to provide opacity, lighten other colors, and are capable of focusing all light wavelengths, causing the human eye to see them as white due to their comparatively high refractive index.
Sizing and Forecast
The white inorganic pigments market market size has grown strongly in recent years. It will grow from $21.29 billion in 2023 to $22.83 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to construction industry growth, paints and coatings demand, automotive sector requirements, increased use in plastics, global urbanization trends..
The white inorganic pigments market market size is expected to see strong growth in the next few years. It will grow to $29.9 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to architectural renovations and upgrades, environmental regulations, expanding packaging industry, consumer goods manufacturing, shift towards sustainable practices.. Major trends in the forecast period include rise in demand for white pigments in plastics industry, introduction of nanostructured white pigments, focus on specialty pigments for cosmetics, integration in advanced coating technologies, adoption in digital printing inks..
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The white inorganic pigments market market covered in this report is segmented –
1) By Product Type: Aluminium Silicate, Calcium Silicate, Calcium Carbonate, Silica, Titanium Dioxide, Zinc Oxide, Other Products
2) By Application: Paints and Coatings, Adhesives and Sealants, Plastics, Cosmetics, Paper, Inks, Other Applications
North America was the largest region in the white inorganic pigments market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the white inorganic pigments market market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growth of the global construction sector is expected to boost the growth of the white inorganic pigments market going forward. The construction industry refers to the industrial branch of manufacturing and trade-related activities, including building, repairing, renovating, and maintaining infrastructure. The white inorganic pigments are used in coating buildings and building materials to provide durability and appearance. For instance, in 2022, according to the U.S. Construction Cost Trends report, there is a rise in residential construction, which will continue to drive up demand for materials and labor, escalating competition and cost pressures. In the U.S., total construction spending has increased by 16% since the pandemic’s onset. Therefore, the growth of the global construction sector is driving the growth of the white inorganic pigments market.
Key Industry Players
Major companies operating in the white inorganic pigments market market report are The Chemours Company, Tronox Holdings plc, Lanxess AG, Kronos Worldwide Inc., BASF SE, Venator Materials plc, Altana AG, Gharda Chemicals Limited, Heubach GmbH, Cathay Industries Group, Sun Chemical Corporation, Sudarshan Chemical Industries Limited, Ferro Corporation, Travancore Titanium Products Ltd., Clariant International AG, Alabama Pigments Company, Cabot Corporation, Carl Schlenk AG, Dominion Colour Corporation, DyStar Singapore Pte. Ltd., ECKART GmbH, Ineos Pigments USA Inc., Jiangsu Yuxing Industry & Trade Co. Ltd., Albemarle Corporation, DuPont de Nemours Inc., Evonik Industries AG, Huntsman Corporation, Lomon Billions Group Co. Ltd., Merck KGaA, Nippon Paint Holdings Co. Ltd., OCI Company Ltd., PPG Industries Inc., Rockwood Holdings Inc., Tikkurila Oyj, Toyo Ink SC Holdings Co. Ltd., Trust Chem Co. Ltd., Union Colours Limited, Vibfast Pigments Pvt Ltd.
The white inorganic pigments market report table of contents includes:
1. Executive Summary
2. White Inorganic Pigments Characteristics
3. White Inorganic Pigments Trends And Strategies
4. White Inorganic Pigments – Macro Economic Scenario
5. Global White Inorganic Pigments Size and Growth
…..
32. Global White Inorganic Pigments Competitive Benchmarking
33. Global White Inorganic Pigments Competitive Dashboard
34. Key Mergers And Acquisitions In The White Inorganic Pigments
35. White Inorganic Pigments Future Outlook and Potential Analysis
36. Appendix
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