Global Inorganic Color Pigments MarketPosted by chetana on January 16th, 2021 The global inorganic color pigments market was valued US$ 4.20 Bn in 2019 and is expected to reach US$ X.43 Bn by 2027, at a CAGR of 6.12% during a forecast period.
Market Definition: Pigment colors are utilised to provide color to the entity by applying coating on the surface or blending them together. Inorganic color pigments are commonly available in liquid and solid form. These pigments are manufactured by the blending of metal oxides by high temperature calcination procedure. Inorganic color pigments offer extensive excellent resistance towards solvent and oxidizing agent, range of colors, high tinting strength, excellent light and weather fastness, heat stability, and consistency. Market Drivers and Restraints: The global inorganic color pigments market is mainly driven by its application in growing end-use industries including plastic, textiles, paints and coatings, and construction. The growth of the Inorganic color pigments market is driven by factors like surface treatment activity across the numerous sector in order to expand quality of colorants and hence inorganic pigments are widely used in the countless sector including food additive, construction, medical and industrial sectors. Hence, gaining the attention of manufacturer and investors to invest in the market. Surface treatment play major role in enhancing the functional and visual appeals of the materials by altering the physical and chemical properties of pigments. Properties of surface treated color pigment for instance, low oil absorption and reduced absorption of dispersant attracting the manufacturer and end-user to invest in the treated inorganic color pigment market. Growth in construction projects that are demanding efficient coating and painting materials expected to boost market growth. The growth of targeted industries is huge in the developing markets of Asia-Pacific such as India, Malaysia, and Indonesia, hence driving the global Inorganic color pigments market in the APAC. The rising trend and with high disposable revenue of the consumers across the emerging economies are driving factors to the market growth. Advancement in technology with huge growth observed by the textile industries in the past years are considered as a major driving factor for the global inorganic color pigment market. Paints and coating material have broad applications in numerous industries including aerospace, automotive, consumer good, electronics, and others, hence helping the overall market demand. Furthermore, fluctuation in the cost of raw materials and the presence of substitutes in the market will hinder the market growth in the coming years. Inorganic Color Pigments Market Segment analysis: By the end-user’s segment, the construction material sector is likely to observe determined growth during the evaluated year. Inorganic powder color pigment is an important role in the concrete and construction industry owing to the number of other beneficial characteristics comprise improved flowability, reduced dirt, and reduced product loss. As the construction is growing will demand corrosion-free coating and painting for the end process, inorganic color pigments have been fulfilling this need for long and expected to contribute to the market growth in the long run. The construction industry in the Asia Pacific is on top-level owing to the growth in population and growing activity of renovation in the sector expected to push the market demand during the forecast period. Inorganic Color Pigments Market Regional Analysis: Regionally, the Asia Pacific region is expected to dominate the overall global inorganic color pigment market growth in the coming years owing to the growth and development in the production of cosmetics, polymers and construction sector with an estimated XX % CAGR and have registered a market share growth by 45-50% which is huge as compared to last year. However, the COVID-19 outbreak in the region will restraint market growth. North America is expected to dominate the inorganic color pigments market and is expected to grow at a CAGR of XX % during the forecast period. Developed regions like the U.S and Canada are considered major contributors to the inorganic color pigments market growth in the North American region. In 2019, market size was valued US$ XX Bn while in the U.S, the market size was valued US$ XX Bn and expected to increase by US$ XX Bn in coming years. The objective of the report is to present a comprehensive analysis of the Global Inorganic Color Pigments Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. Global Inorganic Color Pigments market, By Product Type • Cobalt Pigments • Aqueous • Construction Materials • North America • Ferro Corporation GmbH For More Information Visit @:https://www.maximizemarketresearch.com/market-report/global-inorganic-color-pigments-market/72152/
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