The global Inorganic Color Pigment Market size is expected to reach USD 20.14 Billion in 2028 and register a revenue CAGR of 7.2% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is primarily driven by rising demand for plastic pigments in major end-use industries such as automotive, construction, packaging, and consumer goods, among others. Increasing demand for plastic packaging in the packaging industry is expected to drive revenue growth of the market to a significant extent over the forecast period. The rising focus on aesthetics in the packaging industry is boosting applications of Inorganic Color Pigment in the packaging materials industry. The increasing need to enhance the visual appeal of packaged products is a key factor driving the market growth.
Manufacturers are increasingly investing in research and development activities for the production of high-performance organic pigments which would be able to comply with strict regulations and safety laws for food packaging coloration while maintaining the appeal and attractiveness of products among end-consumers. Increased durability and enhanced aesthetics of high-performance pigments are expected to drive demand in different end-use industries. Advancements in plastics and polymer industries are projected to continue to support market growth during the forecast period. Companies such as Heubach and others are offering high-quality organic and inorganic color solutions as well as pigments and a wide range of products for coloring PVC window profiles, PVC pipes, roof profiles, vinyl coverings, as well as films, fibers, sheets, machine cladding, and technical profiles.
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Market Overview:
The chemical industry is expected to register significant revenue growth over the coming years driven by a recovery in domestic demand due to rising prices of crude oils and better exports. The chemical and material industry has undergone radical changes owing to long-term trends such as the evolution of advanced technologies such as the industrial internet of things (IIoT), artificial intelligence, machine learning, automation, and efficient data management tools. Increasing demand for novel chemical products such as soaps and detergents, particularly amid the COVID-19 pandemic, improvements in operational efficiency, and development of energy-efficient manufacturing and production processes are some other factors expected to drive market revenue growth going ahead. In addition, rapid adoption of trends such as sustainability and digitalization have further contributed to revenue growth of the materials and chemicals industry.
Top Key Players:
BASF SE, Clariant AG, DIC Corporation, Cabot Corporation, Ferro Corporation, Tronox Inc., Heubach GmbH, Sudarshan Chemical Industries, Chemours Company, and DCL Corporation.
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Product Type Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
Organic-Inorganic Color Pigment
Inorganic Color Pigment
Sales Channel Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
Direct Sales Channel
Distribution Channel
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
Construction
Automotive
Packaging
Consumer Goods
Others
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Regional analysis covers:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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PEST analysis of the market in the five major regions.
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