Transparency Market Research’s (TMR) recent report on the global inorganic color pigments market estimates that the global market wil reach US$ 10.1 billion by 2030.
The demand for construction materials has been increasing across the globe, owing to continuous rise in demand for housing triggered by growth in the global population. Inorganic color pigments are used as colorants in various construction materials. The growth of the automotive industry is estimated to propel the automotive paints and coatings sector over the next few years.
In terms of product type, the inorganic color pigments market has been segmented into cobalt pigments, ultramarine pigments, bismuth pigments, iron and iron oxide pigments, cadmium pigments, chromium pigments, and others.
In terms of value, the iron and iron oxide pigments segment dominated the inorganic color pigments market in 2019. Dispersible grades of iron and iron oxide pigments are employed in the paints and coatings and plastics industries to impart coloring effects. These pigments are widely used in the inorganic color pigments market, as they provide uniformity in color and tinting strength.
Based on application, the inorganic color pigments market has been segregated into paints and coatings, printing inks, polymers, construction materials, cosmetics, textile printing, and others. In terms of value and volume, the paints and coatings segment constituted significant share of the inorganic color pigments market in 2019.
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