Inorganic Paint Pigment Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DPC493 | Last Updated On: Jun 08 2020 | No. of Pages: 205 | Available Formats

> Global Inorganic Paint Pigment Market Expected to reach a high CAGR of 4.7% By 2027: DataM Intelligence

Global Inorganic Paint Pigment Market is segmented By Product Type (Carbon pigment, Chrome Pigment, Iron Oxide, Cobalt Pigment, Cadmium Pigment, Titanium dioxide Pigment, Others), By Application (Architectural Products, Industrial Coatings, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

The Global Inorganic Paint Pigment Market is expected to grow at a high CAGR of 4.7% during the forecasting period (2020-2027).

Inorganic pigments are very fine granular solids that act as a color material for paint. They have their own color and physical & chemical properties such as oil absorption, heat resistance, weather resistance, drying rate, tinting strength, resistance to other chemicals and easy to disperse etc. These pigments are obtained from mixed metal oxides. These pigments are produced by the high-temperature calcination process. These pigments are not affected by strong acids, bases, and oxidizing agents. Inorganic pigments are incorporated in the paints for imparting color, opacity and gloss. These pigments are effective in improving the appearance of paint.

 

**Source: DataM Intelligence Analysis 

Market Dynamics:

The market growth is driven by the increasing demand for inorganic paint pigments in the architecture products, and automobile coatings. There is a rising desire for greater transparency of colors used in the combination with the paint inorganic pigments due to its chroma, strength, and transparency leads to the necessity to update automotive paint colors. Hence, it is increasing the usage of the paint pigments in the automobiles.

Advancement of the different technologies being adopted by the market players for manufacturing the paint pigment shall have a positive impact on the market. Companies are developing the pigments for smart traffic paints that glow at night using luminescent powder and paints that change color. For instance, in 2017 BASF had entered into the partnership with Landa for revolutionary pigment technology, a new portfolio of ultra-high transparency pigment.

Rising government investment in the development of the infrastructure is stimulating market growth.  For instance, according to the Department of Industrial Policy and Promotion (DIPP), the Foreign Direct Investment (FDI) received in the construction development sector was USD 25.12 billion from April 2000 to June 2019 for developing the townships, housing, built-up infrastructure and construction development projects in India. Further, it is expected that India would be requiring the investment of USD 777.73 billion in infrastructure by 2022 to have sustainable development in the country. Several companies are investing in the infrastructure.

However, the presence of toxic substances in chemical paint could have a negative impact on health. Fluctuations in the cost of raw materials, availability of substitute ingredients, government and environmental regulations are hindering the market growth. For instance, stricter environmental regulations imposed by the Chinese government to reduced production to limit emissions have led to the closure of the plants and consolidation of companies in China.

Segment Analysis

Global paint pigment market is segmented based on types as carbon pigment,  chrome pigment, iron oxide, cobalt pigment, cadmium pigment, titanium dioxide pigment, and others. Carbon pigment. Titanium dioxide is the fastest-growing inorganic paint pigment segment as it is the most widely preferred inorganic paint pigment due to its properties such as excellent color quality, high hiding power, nontoxic nature, and reasonable cost. It is a white colored pigment. There is an increased demand for titanium dioxide inorganic paint pigment due to its better light-scattering properties that provide excellent opacity, brightness, and whiteness to the paint products.

Iron oxide and chrome-based pigments contribute significant market share over the forecasted period as there is high consumption of these inorganic paint pigments globally. Hematite is the most common iron oxide used for red-tone paint. Chromium compounds are widely used to produce vibrant yellows, oranges, and greens.

Further, the market is also classified on the basis of applications into architectural coatings, industrial coatings, and others. Architectural coatings account for the highest market share due to the high demand for inorganic paint pigments for the architectural products for the residential and commercial buildings in the construction industries. Inorganic Paint pigments used for architectural products include anti-corrosion and fireproofing properties. Availability of new colors, finishes and low volatile organic compound paint pigment formulations drive the demand for new product development. Growth in the construction industry is expected to have a positive impact on the market. 

The industrial coating segment is expected to have significant market growth owing to the wide use of paint pigment for aerospace, automotive, consumer products, original equipment, shipbuilding, and infrastructure supplies industries. Inorganic paint pigments used for industrial coating reduce friction or serve as adhesives, resist temperature extremes, prevent corrosion and provides protection against microbial contamination.

**Source: DataM Intelligence Analysis

Geographical Presentation

By region, the global inorganic paint pigment market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East and Africa. Among all of the regions, Asia Pacific dominated the global inorganic paint pigment market due to the high growth in the construction industry. According to the Invest India (a National Investment Promotion & Facilitation Agency), the construction industry is expected to increase and reach up to USD 738.5 Billion by 2022. There is rapid expansion in the construction industries due to the rapid urbanization in developing countries such as China, and India. According to Teri, The Energy and Resource Institute, India’s urban population is expected to reach from 410 million in 2014 to 814 million by 2050. It is further expected that India would be adding four new megacities by 2030. Growth in the construction industry is boosting the demand for paint pigments over the forecasted period. Rinsing domestic income, increasing domestic income, and consumption are the factors increasing the demand for the chemical paint pigment in India and China.

European countries are also witnessing the increased demand for paint pigments in the automotive industry. According to the European Automobile Manufacturers Association, Automobile manufacturers operate around 309 vehicle assembly and production plants in 27 countries across Europe. Approximately, 19.2 million cars, vans, trucks and buses are manufactured every year. European countries are also witnessing the high usage of paint pigment in shipbuildings. According to the Organisation for Economic Co-operation and Development (OCED), European shipyards dominated the industry with orders totaling approximately USD 22 billion in 2017 and it is further expected to increase over the forecasted period. Several renovation activities are growing as there is a large number of old buildings in Europe. These old buildings consume more energy. Hence, renovation activities are expected to increase over the forecasted period which is accelerating the demand for paint pigment.

Rising government investments for increasing production in industrial sectors such as aviation, shipbuilding, industrial, aerospace, automotive, furniture, and others in the Middle East Africa region especially Ukraine are fueling the market growth over the forecasted period.

**Source: DataM Intelligence Analysis

Competitive Analysis

The global paint inorganic pigment market is highly competitive with the presence of domestic and foreign market players. The product diversification, product innovation, expansion strategies and opportunities for market growth through new product launches intensify the competition among the companies. BASF SE, Dow Chemical Company, Clariant AG, Musclerox, STOCKMEIER Group, Lanxess, UNILEX GROUP and  Ei Dupont De Nemours are the leading players with the significant market size. Leading market players are involved in scaling up the manufacturing facilities, and increasing the market penetration.

The companies are entering into the collaborations, mergers, strategic partnerships and acquisitions to increase the demand for paint pigment and their expansion across the globe. For instance, in August 2019, DIC Corporation had entered into an agreement with BASF SE  for the acquisition of BASF’s global pigments business for Euros 1.15 billion. The transaction is expected to close in the fourth quarter of 2020. In April 2017, BASF had entered into the strategic long-term partnership with Landa Labs for nano-pigment technology. Under the terms of the agreement, BASF SE would use employ Landa’s revolutionary nano-pigment technology in a new portfolio of easy dispersible ultra-high transparency pigments. This product would unprecedented color depth while significantly simplifying the production of automotive coatings.

Why Purchase the Report?

  • Visualize the composition of the global paint pigment market products across each product type and application highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the global paint pigment market by analyzing trends and co-development deals.
  • Comprehensive details on factors driving the market growth.
  • Excel data sheet with thousands of data points of global paint pigment market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

**The global paint pigment report will provide access to approximately 53 market data tables, 44 figures, and 178 pages

Target Audience

  • Investors/Investment Bankers
  • Service Providers/Buyers
  • Research Professionals
  • Emerging Companies
  • Distributors

 

Table of Contents

  1. Inorganic Paint Pigment Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Inorganic Paint Pigment Market – Market Definition and Overview

  3. Inorganic Paint Pigment Market – Executive Summary

    1. Market Snippet by Product Type
    2. Market Snippet by Application
    3. Market Snippet by Region
  4. Inorganic Paint Pigment Market Dynamics

    1. Market Impacting Factors
      1. Drivers
      2.  Restraints
      3. Impact Analysis
    2. Opportunity
  5. Inorganic Paint Pigment Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
    3. Regulatory Analysis
    4. Pricing Analysis
  6. Inorganic Paint Pigment Market – By Product Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      2. Market Attractiveness Index, By Product Type
    2. Carbon pigment*
      1. Introduction
      2. Market Size Analysis, US$ Mn, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Chrome Pigment
    4. Iron Oxide
    5. Cobalt Pigment
    6. Cadmium Pigment
    7. Titanium dioxide Pigment
    8. Others
  7. Inorganic Paint Pigment Market – By Application

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      2. Market Attractiveness Index, By Application
    2. Architectural Products*
      1. Introduction
      2. Market Size Analysis, USD Mn, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Industrial Coatings
    4. Others
  8. Inorganic Paint Pigment Market - By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
  9.  Inorganic Paint Pigment Market Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  10. Inorganic Paint Pigment Market Company Profiles

    1. BASF SE*
      1. Company Overview
      2. Product Type Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Dow Chemical Company
    3. Heubach
    4. Ei Dupont De Nemours
    5. Lanxess
    6. UNILEX GROUP
    7. Clariant AG
    8. Musclerox
    9. STOCKMEIER Group
    10. Trinity Pigment Industries (*List is not exhaustive)
  11. Inorganic Paint Pigment Market – Premium Insights

  12. Inorganic Paint Pigment Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables 

Table 01 Global Inorganic Paint Pigment Market Value, By Product Type, 2018,2022 & 2027 ($ Million)

Table 02 Global Inorganic Paint Pigment Market Value, By Application, 2018,2022 & 2027 ($ Million)

Table 03 Global Inorganic Paint Pigment Market Value, By Region, 2018,2022 & 2027 ($ Million)

Table 04 Global Inorganic Paint Pigment Market Value, By Product Type, 2018,2022 & 2027 ($ Million)

Table 05 Global Inorganic Paint Pigment Market Value, By Product Type, 2017-2027 ($ Million)

Table 06 Global Inorganic Paint Pigment Market Value, By Application, 2018,2022 & 2027 ($ Million)

Table 07 Global Inorganic Paint Pigment Market Value, By Application, 2017-2027 ($ Million)

Table 08 Global Inorganic Paint Pigment Market Value, By Region, 2018,2022 & 2027 ($ Million)

Table 09 Global Inorganic Paint Pigment Market Value, By Region, 2017-2027 ($ Million)

Table 10 North America Inorganic Paint Pigment Market Value, By Product Type, 2017-2027 ($ Million)

Table 11 North America Inorganic Paint Pigment Market Value, By Application, 2017-2027 ($ Million)

Table 12 North America Inorganic Paint Pigment Market Value, By Country, 2017-2027 ($ Million)

Table 13 South America Inorganic Paint Pigment Market Value, By Product Type, 2017-2027 ($ Million)

Table 14 South America Inorganic Paint Pigment Market Value, By Application, 2017-2027 ($ Million)

Table 15 South America Inorganic Paint Pigment Market Value, By Country, 2017-2027 ($ Million)

Table 16 Europe Inorganic Paint Pigment Market Value, By Product Type, 2017-2027 ($ Million)

Table 17 Europe Inorganic Paint Pigment Market Value, By Application, 2017-2027 ($ Million)

Table 18 Europe Inorganic Paint Pigment Market Value, By Country, 2017-2027 ($ Million)

Table 19 Asia-Pacific Inorganic Paint Pigment Market Value, By Product Type, 2017-2027 ($ Million)

Table 20 Asia-Pacific Inorganic Paint Pigment Market Value, By Application, 2017-2027 ($ Million)

Table 21 Asia-Pacific Inorganic Paint Pigment Market Value, By Country, 2017-2027 ($ Million)

Table 22 Middle East & Africa Inorganic Paint Pigment Market Value, By Product Type, 2017-2027 ($ Million)

Table 23 Middle East & Africa Inorganic Paint Pigment Market Value, By Application, 2017-2027 ($ Million)

Table 24 BASF SE: Overview

Table 25 BASF SE: Product Portfolio

Table 26 BASF SE: Key Developments

Table 27 Dow Chemical Company: Overview

Table 28 Dow Chemical Company: Product Portfolio

Table 29 Dow Chemical Company: Key Developments

Table 30 Heubach: Overview

Table 31 Heubach: Product Portfolio

Table 32 Heubach: Key Developments

Table 33 Ei Dupont De Nemours: Overview

Table 34 Ei Dupont De Nemours: Product Portfolio

Table 35 Ei Dupont De Nemours: Key Developments

Table 36 Lanxess: Overview

Table 37 Lanxess: Product Portfolio

Table 38 Lanxess: Key Developments

Table 39 UNILEX GROUP: Overview

Table 40 UNILEX GROUP: Product Portfolio

Table 41 UNILEX GROUP: Key Developments

Table 42 Clariant AG: Overview

Table 43 Clariant AG: Product Portfolio

Table 44 Clariant AG: Key Developments

Table 45 Musclerox: Overview

Table 46 Musclerox: Product Portfolio

Table 47 Musclerox: Key Developments

Table 48 STOCKMEIER Group: Overview

Table 49 STOCKMEIER Group: Product Portfolio

Table 50 STOCKMEIER Group: Key Developments

Table 51 Trinity Pigment Industries Group: Overview

Table 52 Trinity Pigment Industries: Product Portfolio

Table 53 Trinity Pigment Industries: Key Developments

 

List of Figures

Figure 01 Global Inorganic Paint Pigment Market Share, By Product Type, 2018 & 2027 (%)

Figure 02 Global Inorganic Paint Pigment Market Share, By Application, 2018 & 2027 (%)

Figure 03 Global Inorganic Paint Pigment Market Share, By Region, 2018 & 2027 (%)

Figure 04 Global Inorganic Paint Pigment Market Value, 2017-2027 ($ Million)

Figure 05 Global Inorganic Paint Pigment Market Y-o-Y Growth, By Product Type, 2018-2027 (%)

Figure 06 Carbon Pigment: Global Inorganic Paint Pigment Market Value, 2017-2027 ($ Million)

Figure 07 Cobalt Pigment: Global Inorganic Paint Pigment Market Value, 2017-2027 ($ Million)

Figure 08 Chrome Pigment: Global Inorganic Paint Pigment Market Value, 2017-2027 ($ Million)

Figure 09 Iron Oxide Pigment: Global Inorganic Paint Pigment Market Value, 2017-2027 ($ Million)

Figure 10 Titanium dioxide pigment: Global Inorganic Paint Pigment Market Value, 2017-2027 ($ Million)

Figure 11 Others: Global Inorganic Paint Pigment Market Value, 2017-2027 ($ Million)

Figure 12 Global Inorganic Paint Pigment Market Y-o-Y Growth, By Application, 2018-2027 (%)

Figure 13 Architectural Products: Global Inorganic Paint Pigment Market Value, 2017-2027 ($ Million)

Figure 14 Industrial Coatings: Global Inorganic Paint Pigment Market Value, 2017-2027 ($ Million)

Figure 15 Others: Global Inorganic Paint Pigment Market Value, 2017-2027 ($ Million)

Figure 16 Global Inorganic Paint Pigment Market Y-o-Y Growth, By Region, 2018-2027 (%)

Figure 17 North America Inorganic Paint Pigment Market Value, 2017-2027 ($ Million)

Figure 18 North America Inorganic Paint Pigment Market Share, By Product Type, 2018 & 2027 (%)

Figure 19 North America Inorganic Paint Pigment Market Share, By Application, 2018 & 2027 (%)

Figure 20 North America Inorganic Paint Pigment Market Share, By Country, 2018 & 2027 (%)

Figure 21 South America Inorganic Paint Pigment Market Value, 2017-2027 ($ Million)

Figure 22 South America Inorganic Paint Pigment Market Share, By Product Type, 2018 & 2027 (%)

Figure 23 South America Inorganic Paint Pigment Market Share, By Application, 2018 & 2027 (%)

Figure 24 South America Inorganic Paint Pigment Market Share, By Country, 2018 & 2027 (%)

Figure 25 Europe Paint Inorganic Pigment Market Value, 2017-2027 ($ Million)

Figure 26 Europe Paint Inorganic Pigment Market Share, By Product Type, 2018 & 2027 (%)

Figure 27 Europe Inorganic Paint Pigment Market Share, By Application, 2018 & 2027 (%)

Figure 28 Europe Inorganic Paint Pigment Market Share, By Country, 2018 & 2027 (%)

Figure 29 Asia-Pacific Inorganic Paint Pigment Market Value, 2017-2027 ($ Million)

Figure 30 Asia-Pacific Inorganic Paint Pigment Market Share, By Product Type, 2018 & 2027 (%)

Figure 31 Asia-Pacific Inorganic Paint Pigment Market Share, By Application, 2018 & 2027 (%)

Figure 32 Asia-Pacific Inorganic Paint Pigment Market Share, By Country, 2018 & 2027 (%)

Figure 33 Middle East & Africa Inorganic Paint Pigment Market Value, 2017-2027 ($ Million)

Figure 34 Middle East & Africa Inorganic Paint Pigment Market Share, By Product Type, 2018 & 2027 (%)

Figure 35 Middle East & Africa Inorganic Paint Pigment Market Share, By Application, 2018 & 2027 (%)

Figure 36 BASF SE: Financials

Figure 37 Dow Chemical Company: Financials

Figure 38 Heubach: Financials

Figure 39 Ei Dupont De Nemours: Financials

Figure 40 Lanxess: Financials

Figure 41 UNILEX GROUP: Financials

Figure 42 Clariant.AG: Financials

Figure 43 Musclerox: Financials

Figure 44 STOCKMEIER Group: Financials

Figure 45 Trinity Pigment Industries: Financials

 

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