According to the SNS Insider report, the White Inorganic Pigments Market Size was valued at USD 25.12 billion in 2023 and is expected to reach USD 38.63 billion by 2031 and grow at a CAGR of 5.5% over the forecast period 2024-2031.The white inorganic pigments market is experiencing steady growth, fueled by their versatile applications across various industries such as paints and coatings, plastics, construction materials, and cosmetics. White inorganic pigments, including titanium dioxide (TiO2), zinc oxide (ZnO), and various forms of white carbonates and sulfates, are valued for their brightness, opacity, and durability, making them essential for achieving desired color and performance properties in a wide range of products.
Titanium dioxide, in particular, dominates the white inorganic pigments market due to its excellent opacity, brightness, and UV resistance, making it widely used in paints, coatings, plastics, and cosmetics. As these industries continue to grow, driven by urbanization, infrastructure development, and consumer demand for high-quality products, the demand for titanium dioxide and other white inorganic pigments is expected to rise.
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Market Report Scope:
Inorganic pigments, classified based on ISO and DIN recommendations, fall into four main groups, with white pigments taking center stage. Titanium dioxide and zinc sulfide, including lithopone and zinc oxide, exemplify white pigments, essential for providing opacity and lightening other colors. White inorganic pigments, a crucial component in paints and coatings, must possess high light-scattering power, hiding power, tinting strength, brightness, and whiteness. The most influential member of this group is titanium dioxide, used extensively to reduce costs and enhance paint quality.
Major Key Players in the White Inorganic Pigments Market
l KRONOS Worldwide Inc.
l The Chemours Chemical Company
l Ferro Corporation
l Sudarshan Chemical Industries Limited
l BASF SE
l Clariant International AG
l Tronox Limited
l LANXESS
l CRISTAL
l Sun Chemical Corporation
Market Analysis:
Rising population, industrialization, and urbanization have elevated the demand for white inorganic pigments. The automotive sector's increasing demand for enhanced aesthetics, vehicle modernization, and luxury vehicle development propel market growth. The robust construction sector, coupled with rising demand from developing countries and increased construction of residential and commercial buildings, accelerates the industry's demand. The expansion of public infrastructure, the surge in personal care and cosmetics applications, and increased demand for consumer goods have prompted industry players to introduce innovative products.
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Segment Analysis:
By Product Type
l Aluminium Silicate
l Calcium Silicate
l Calcium Carbonate
l Silica
l Titanium Dioxide
l Zinc Oxide
l Others
By Application
l Paints & Coatings
l Adhesives & Sealants
l Plastics
l Cosmetics
l Paper
l Inks
l Others
In the product type segment, titanium dioxide dominates the market, offering the highest market share. As a prominent member of the white pigments group, titanium dioxide serves as a cost-effective solution for enhancing paint characteristics.
In terms of applications, paints and coatings take the lead in both value and volume. White inorganic pigments play a crucial role in providing light-scattering properties to coatings, making them indispensable in the paints and coatings sector.
Key Regional Development:
Asia Pacific emerged as the dominant force in the global white inorganic pigments market in 2022. The region experiences increased demand for paints, coatings, and plastics, driven by economic strengthening in countries like Japan, India, and China. Factors such as urbanization, industrialization, and the easy availability of raw materials contribute to the growing demand for white inorganic pigments. The automotive sector's rising application and the presence of major market players further bolster market growth in the region.
Key Takeaways:
- White Inorganic Pigments Market to exceed USD 38.76 billion by 2030.
- Global construction industry expansion fuels the demand for white inorganic pigments.
- Titanium dioxide dominates the market, offering cost-effective solutions.
- Asia Pacific emerges as the dominant region, driven by economic growth and increasing applications.
Recent Developments:
- In June 2022, Clariant AG launched the advanced Dispersogen Flex 100.
- In Oct 2021, Lanxess raised inorganic pigments prices globally due to rising energy costs, imposing temporary inflation surcharges.
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