The global inorganic color pigments market size is expected to witness potential gains in the future, and register a significant CAGR of 4.2% over the forecast period (2019 - 2027).

Market Overview

Inorganic color pigments are produced from compounds obtained from inorganic metallic compounds and salts such as chromates, metallic oxides, and sulphates. These pigments are either derived from natural sources or are synthesized. Iron oxide and chrome oxide pigments are characterized by their weather stability and chemical resistance. The demand for inorganic color pigments is increasing due to factors such as growth in urbanization that leads to high demand for paints and coatings, building materials, and plastics.

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.

Market Outlook

Among region, Asia Pacific is expected to account for major market share during the forecast period. This is owing to increasing infrastructure development activities in countries such as India and China. Powder inorganic color pigments are mainly used in the coloring of various construction materials as these pigments are insoluble in water and diluted acids and are resistant to cement, lime, and alkaline. The market in Europe is expected to be driven by increasing automobile production. Application of inorganic color pigments on automotive bodies gives tinting strength, brightness, and fastness.

Key Players

Key players operating in the inorganic color pigments market include, Ferro Corporation GmbH, Shepard Color Company, Bayer AG, Rockwood, Atlanta AG, Apollo Colors, Honeywell International, and Todo Kogyo.

Inorganic Color Pigments Market Key Developments 

  • In July 2018, Ferro Corporation expanded its production facility in Girardota, Colombia, to meet the increasing global demand for its Micronized Iron Oxide and Ultramarine Blue pigments. This expansion helped the company in fulfilling the increasing demand for their products and innovating high quality products in future.
  • In December 2016, Ferro Corporation acquired the Belgium-based Cappelle Pigments, a major vendor in specialty, high-performance inorganic and organic pigments used in coatings, inks and plastics. This acquisition helped Ferro Corporation in expanding its product portfolio.
  • In April 2019, Shepherd Color announced the launch of its latest addition in their NTP Yellow product portfolio, NTP Yellow 10G155. This new launch helped the company in expanding its product portfolio.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users