Inorganic pigments market is expected to witness significant growth on account of rising applications in paints & coatings and construction industry. Growing consumption of inorganic pigments as colorants in the plastic industry is expected to propel demand over the next six years. Increasing applications in paints & coatings, printing inks and dyes is expected to spur demand growth.
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Inorganic pigments is expected to increase their market penetration as they are cheaper and can withstand the impact of sunlight and chemical exposure in better way as compared to organic pigments. Asia Pacific is expected to witness high growth on account of supportive environmental regulations, rapid industrialization and growing infrastructure development, particularly in China, India and Indonesia. Furthermore, Middle East and North Africa is expected to witness swift demand growth as a result of large construction projects mainly in Nigeria, Qatar and Saudi Arabia. However, toxicity and volatile raw material prices is expected to restrain market growth over the forecast period.
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Increasing demand for glass, ceramics and paper products is anticipated to aid market growth. In addition, rising applications in fertilizers, animal feed, minerals, leather, toner, cosmetics and toiletries is further expected to supplement market growth. Key market participants include E. I. duPont de Nemours and Company, Lanxess AG, Kolorjet Chemicals Pvt. Ltd., Ferro Corporation GmbH, BASF SE, PROMINDSA and Huntsman International LLC. Lanxess provides high quality, compliant with numerous standards and eco-friendly products having properties including exceptional light fastness, weather stability and chemical resistance and thereby used in coatings, construction and plastics industry. Ferro offers chemically inert inorganic pigments which have excellent heat and weathering resistance properties along with opacity.
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