In accordance to a new market place analysis report from MarketsandMarkets, “Inorganic Pigments Current market by Pigment Sort (Titanium Dioxide, Iron Oxide, Carbon Black), Application (Paints & Coatings, Plastics, Inks), Conclude-Use Industry (Making & Building, Automotive, Packaging, Textiles), Location – Global Forecast to 2024,” the inorganic pigment market place is expected to develop from USD 22. billion in 2019 to USD 28.3 billion by 2024, at a CAGR of 5.1%. The big components driving the inorganic pigments market include things like advancement of the world-wide building sector and growing significance of aesthetics in the packaging marketplace.

On the foundation of pigment style, the inorganic pigments market place has been segmented into four sorts, specifically, titanium dioxide, iron oxide, carbon black, and some others. Titanium dioxide is projected to direct the world inorganic pigments industry throughout the forecast time period. The demand for titanium dioxide is the best owing to its white colour.

The inorganic pigments industry has been segmented on the basis of application into four groups: paints & coatings, plastics, inks, and many others. Among these apps, the paints & coatings application accounted for the premier industry share in 2019. Increasing demand for a variety of varieties of coatings, these as automotive coating, industrial coating, coil coatings, flooring coatings, marine coatings, and can coatings, is driving the marketplace for inorganic pigments in the paints & coatings segment.

The world-wide developing & building sector is growing swiftly owing to the increasing concentrate and investments in the development sector. Inorganic pigments boost the good quality of building components. In the developing & design marketplace, inorganic pigments are utilized in pavers, flooring, tiling, bridges, pipe & panels, and precast partitions.