Growing industrialization and infrastructure growth in developing nations is driving the market demand.
The global Inorganic Pigments Market is forecast to reach USD 31.94 Billion by 2027, according to a new report by Reports and Data The Inorganic pigments are obtained from mixed metal oxides and are designed by a high-temperature calcination process. These pigments are not impressed by strong acids, oxidizing agents, and base. Most inorganic pigments can resist many temperatures and unfavorable climatic conditions; they are heat immune, have resistance to different chemicals. There are various inorganic pigments available and are organized originally from sources they are obtained. Some of the inorganic pigments include Cadmiums, which are received from cadmium compounds Chrome, which is acquired from lead, and Irons that are derived from various iron oxides, among others.
Inorganic color pigments are used in different enterprises, which are powder coatings, coil coatings, and architectural coatings. It is also used in the coloring of plastics, and constructions. It finds its purpose in the automotive segments as a colorant for engineering plastics. The value of industrial products, which has improved over the past few years, the demands on appearance and durability are increasing. Due to their rapidity characteristics and adaptability to conditions, they are the most preferred pigments used in construction.
The COVID-19 impact:
As the COVID-19 crisis grows, manufacturers are quickly changing their practice and purchasing priorities to meet the required demand of a pandemic. The global Inorganic Pigments market will upgrade its production by bringing change in the warehouse system and electric application with time.
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Key participants include Tasnee, Tata Pigments, China Hongqiao Group Limited, Matapel Chemicals INEOS Pigments, Jiangsu Yuxing Industry & Trade Co., Ltd., Tronox Limited, Dominion Colour Corporation, Alabama Pigments Company, and Ferro Corporation among others.
Further key findings from the report suggest
APAC and Europe both have a high-value utilization of inorganic pigments in the coming year of 2027. Still, in the year 2019, APAC was the leading region in the market of inorganic pigments.
In the type of pigment segmentation, most of the share is covered by Titanium Dioxide and Iron Oxide and will also be seen with the highest CAGR.
In the segment of Distribution Channel according to the gathered figures, it can be said that the online market coverage was of 40.2% and offline was covering up to 59.8% in the year 2019.
For the purpose of this report, Reports and Data have segmented into the global Inorganic Pigments market on the basis of pigment type, application type, distribution channel, and region:
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Pigment Type Outlook (Revenue, USD Billion; 2017-2027)
Application Type Outlook (Revenue, USD Billion; 2017-2027)
Paints & coatings
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
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Regional Outlook (Revenue, USD Billion; 2017-2027)
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