INORGANIC COLOR PIGMENTS MARKET ANALYSIS

Market Challenges And Opportunities

Market Dynamics

Among types of inorganic color pigments, titanium dioxide is mainly used for paints and coatings. Iron oxide is one of the most commonly used inorganic color pigments. Among applications, printing inks accounts for major share in the market. Increasing demand for inorganic color pigments from various end-use industries is expected boost growth of the global inorganic color pigments market. Inorganic color pigments are highly durable bright colors made for high-demand engineered applications such as plastics, coatings, and ceramics. Moreover, their heat resistance and chemical resistance properties promote their use in various industries such as coil coatings, powder coatings, industrial coatings, architectural coatings among others.

Inorganic color pigments are chemically inert and non-toxic. Therefore, increasing focus on use of eco-friendly pigments may also contribute to the market growth. Moreover, the cost of producing inorganic color pigments is much less as compared to organic pigments. However, inorganic color pigments have a very short life. This is a major factor retraining growth of the market. Presence of substitutes such as organic pigments and specialty pigments may also adversely impact the market growth.