Global Inorganic Pigment Market Exhibits Sluggish CAGR of 3.

7%
between 2018 till 2026- TMR
Painting and Coating is Key End User Segment Fuels demand of global Inorganic Pigment
Market

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November 08, 2018 07:00 ET | Source: Transparency Market Research

Albany, New York, Nov. 08, 2018 (GLOBE NEWSWIRE) -- A new report published in the Transparency
Market Research (TMR) States that the competitive landscape of the global inorganic pigment
market demonstrate highly fragmented structure of this market, thanks to large and small scale industries
participants. The Key players are mainly focused toward the development of the product and
improvement in product pricing and brand promotion. The market players are adopting certain strategies
to produce new product to strengthen the growth of the global inorganic pigment market. Some of the
prominent players operating in the global inorganic pigments market includes TRONOX Limited, The
Chemours Chemical Company, Huntsman Corporation and CRISTAL. The top four players are
accounting for maximum share for the overall growth of this market on account of production potential.

According to TMR, the global inorganic pigment market expected to hold an opportunity worth at US$
20,702.6 Mn in 2017 and the global inorganic pigment market is likely to expand at a 3.7% CAGR during
the course of forecast period between 2018 till 2026.

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The end user segment of painting and coating is likely to upsurge the growth and demand of the product
in automotive and architectural field. This is one of the important factor propelling the growth of this
market in near future. Geographically, Asia Pacific dominates the global market for inorganic pigment due
to proper implementation of government policy across and private and public collaborated programs are
likely to strengthen the growth of this region in coming years. This lead to increase in constructions and
infrastructure activities in India, China, Indonesia, Thailand and Philippines, which is another factor
triggering the growth of this market in near future.

Global Expansion of Coating & Painting Industry Likely to Propel Growth

Increasing utilization of inorganic pigments in the formulation of coatings and paints likely to enhance the
esthetic structures and also imparts glossy effect on the floor, this can be one of the key factor propelling
the growth of this market in near future. Furthermore, the key manufacturers are more focused toward the
expansion of the paints and coating industry in the developing economies, is another factor attracting the
growth of theglobal market for inorganic pigment in near future.

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Growing Environment Pollution Likely to Hamper Growth of Global Inorganic Pigment Market
Utilization of heavy metals and mixed metallic oxides, metallic pigment and metallic oxides are likely to
have adverse effect and toxicity on the environment. This is a key reason restraining the growth of this
market in coming years. The health hazardous metal such as mercury, lead, chromium and cadmium are
one of the major factor negatively driving the growth of the inorganic pigment market across the globe.
Heavy disposal of inorganic metal during the pigment manufacturing is also contributing to environment
pollution. This is also expected to restrain the growth of the global inorganic pigment market. The
government strict regulation for the disposal of toxic metal is another key factor hindering the growth of
the overall inorganic market.

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Inorganic
Pigments Market (Product - Titanium Dioxide, Iron Oxide, Carbon Black, Chromium Compounds; End use
- Paints and Coatings (Architectural, Automobile, and Others), Plastics, Printing Inks, Personal Care) -
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”

Browse Press Release: https://www.transparencymarketresearch.com/pressrelease/global-

inorganic-pigments-market.htm

The market has been segmented as below:

Global Inorganic Pigments Market, by Product

Titanium Dioxide
Iron Oxide
Carbon Black
Chromium Compounds
Others

Global Inorganic Pigments Market, by Application

Paints & Coatings

Architectural
Automobile
Others
Plastics
Printing Inks
Personal Care
Others

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