Inorganic pigments market is expected to witness significant growth owing to increasing use in the construction and paint industries. Urbanization and rapid growth in construction activities particularly in emerging economies pose as key drives for the inorganic pigments market.
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Inorganic Pigments Market Analysis, Size, Share, Growth, Trends and Segment Forecasts to 2020
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Market Research & Consulting
Inorganic Pigments Market Analysis, Size, Share,
Growth, Trends and Segment Forecasts to 2020
Inorganic pigments market is expected to witness significant growth owing to
increasing use in the construction and paint industries. Urbanization and rapid
growth in construction activities particularly in emerging economies pose as key
drives for the inorganic pigments market. In addition, growing use of inorganic
pigments as colorants in the plastic industry also contributes to market growth.
Raw material price volatility and toxicity associated with inorganic pigments due
to the presence of pose as key restrains for the inorganic pigment market. In
addition, low tinting strength and low brightness as compared to organic
pigments restricts the market growth.
Inorganic pigments are segmented as natural inorganic pigments and synthetic
inorganic pigments. Titanium dioxide, iron oxide, cadmium, and lead chromate
dominate the inorganic pigments market owing to its widespread use in films,
construction coatings and plastic industries. Larger particle size compared to
organic pigments offer higher resistivity to pigment bleeding, rust, rigidity and
abrasion. Inorganic pigments are primarily used to produce paints & coatings,
printing inks, and dyes.
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Inorganic pigments markets are recovering gradually after the decline during
economic downturn during 2008 - 2009. Asia Pacific accounts for more than 50%
of the global consumption of inorganic pigments. Rapid industrialization and
growing infrastructure development are expected to be factors contributing to
the growth, particularly in China, India and Indonesia. North America is expected
to witness a steady growth owing to large exports particularly to China, Germany,
Japan and Belgium. Europe is expected to witness a sluggish growth owing to
decline in infrastructure activities. Middle East & Africa is expected to grow
significantly owing to large construction projects particularly in Qatar, Nigeria and
Saudi Arabia.
Major producers of the inorganic pigments include E. I. du Pont de Nemours and
Company, LANXESS AG, Ferro Corporation GmbH, Rockwood, BASF SE and
Huntsman International LLC which cater to major markets such as China, India,
U.S. and Western European countries.
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