[FURL=https://www.industryarc.com/Report/15903/inorganic-pigments-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Inorganic Pigments market[/FURL] size is forecast to reach US$17.3 billion by 2026, after growing at a CAGR of 4.8% during 2021-2026 owing to their usage in paints and coatings. Inorganic pigments are insoluble solid materials that do not contain carbon and improve the appearance of or give color to a medium. They consist of dry ground minerals, usually metals and metallic salts. Because of their composition, inorganic pigments are usually more opaque and more insoluble than organic pigments. Inorganic pigments are preferred for their lightfastness and low cost. Inorganic pigments tend to be a popular choice in the industry and the most commonly used pigments are titanium dioxide, carbon black, and iron oxide.Key Takeaways
Asia-Pacific dominates the Inorganic Pigments market, owing to the increasing construction activities in the region. According to Invest India, by 2025, construction output is expected to grow on average by 7.1% each year.
Inorganic pigments such as titanium dioxide, silicates, oxides, carbonates and hydroxides are used as colorants in pharmaceuticals to help identify and distinguish medicines.
Inorganic pigments are used widely in paints and coatings where apart from being used as a colorant they also, improve the strength and adhesion of the paint.
Download Sample Report @ [FURL]www.industryarc.com/pdfdownload.php?id=15903[/FURL]
Inorganic Pigments Market Segment Analysis – By Geography
The Asia-Pacific region held the largest share in the Inorganic Pigments market in 2020 up to 40%, owing to the growing construction activities in the region. The demand for construction materials has been increasing across the globe particularly in the Asia-Pacific region, owing to the continuous rise in demand for housing. The Malaysian government to further encourage Malaysians to purchase their first home, in Budget 2021, proposed to waive the stamp duty on the instruments of transfer and loan agreements for the purchase of first residential homes up to 2025. In Japan, the construction of US$19 billion Chuo Shinkansen Maglev Rail Line is underway, with Phase 1 construction from Nagoya to Tokyo expected to be operational in 2027. In 2020, China started investing in new infrastructure programs. The pandemic propelled China to move rapidly towards a digital economy. New infrastructure has become essential in this process.
Inorganic Pigments Market Drivers
Growth of Plastic Industry
Flourishing Pharma Industry
Inorganic Pigments Market Landscape
Inorganic Pigments market top companies include EI du Pont de Nemours and Company, LANXESS, Ferro Corporation, BASF SE, Huntsman International LLC, DIC Corporation, Heubach GmbH, Cristal Global, Tronox Limited, Rockwood Company, LLC
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.