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 increasing demand over global construction industry's massive expansion. This growth in residential and non-residential infrastructure projects, including commercial, industrial, and others. Price Waterhouse Coopers (PwC) predicts construction output to surge by 85% in 2030.
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China, the US, and India, powerhouses in this sector, are expected to contribute over half of this growth, fueled by their recent economic recoveries. The construction across the globe is globalization, urbanization, rising living standards, increasing purchasing power, and the growing demand for megacities in developing countries. The Asia Pacific region, particularly China and India, boasts a high potential for construction growth. North America, Europe, the Middle East & Africa, and South America also see significant demand for residential and non-residential development due to rising living standards. While the construction growth for white inorganic pigments, stringent regulations on cadmium- and chromium-based pigments pose a challenge. These pigments, containing harmful heavy metals, threaten both human health and the environment during production and disposal. Stringent regulations like REACH (Registration, Evaluation, and Authorization of Chemicals) and inadequate treatment facilities have forced some Chinese producers to shut down.
KEY DRIVERS:
The white inorganic pigments market relies on innovation in formulations, processing, and surface treatments.
The white inorganic pigments market thrives on a constant hum of innovation. New and improved pigment formulations are paramount for staying ahead of the curve. These advancements ensure pigments cater to ever-evolving customer needs, whether it's a specific shade, unique functionality, or suitability for a particular application. Processing methods and surface treatments are constantly being refined. This is particularly crucial for navigating the increasingly strict regulatory landscape. By developing pigments that comply with environmental and safety standards, manufacturers ensure the long-term viability of their products. Ultimately, this spirit of innovation is the lifeblood of the white inorganic pigments market.
RESTRAIN:
Government regulation on use of cadmium- and chromium-based pigments.
These pigments contain harmful heavy metals that threaten both human health and the environment during production and disposal. Strict regulations like REACH (Registration, Evaluation, and Authorization of Chemicals) require careful handling to control these hazardous materials. Inadequate treatment facilities have forced some Chinese producers to shut down entirely. The regulations like the EU's Directive 91/338/EEC restrict the use of cadmium pigments in many applications. The US Environmental Protection Agency (EPA) actively evaluates and bans pigments with detrimental effects, exemplified by their 2018 ban on Pigment Violet 29. These stringent regulations can delay or even prevent the launch of new white inorganic pigments, impacting product availability and potentially driving up prices.
OPPORTUNITY:
The industrial rise in developing countries like China and India is fueling demand for white inorganic pigments market.
Emerging economies are like factories cranking out growth for the white inorganic pigments market. Rapid industrialization in regions like Asia Pacific, the Middle East & Africa, and South America is fueling a boom in key sectors like construction, automotive, packaging, and textiles. Countries like China, India, Indonesia, and Brazil are witnessing significant growth in manufacturing, driven by government support, skilled labor, and readily available raw materials. This industrial growth led to an increase in white inorganic pigment demand. The plastics industry, projected to grow at a high rate of 8%, will require more pigments for various applications. Similarly, the booming textiles industry, particularly in Asia with powerhouses like India, is driving the need for white inorganic pigments in fabric printing.
CHALLENGES:
Recycling of plastic can be challenge for white inorganic pigment manufacturers.
Plastic recycling poses a challenge for white inorganic pigment makers. They must develop pigments that meet color preferences (transparent or white preferred) while adhering to strict EU regulations. These regulations dictate pigment choice based on the specific application (e.g., toys vs. sports equipment) and can make cost-effective pigments unusable. This complexity, along with the need for customization across applications, demands constant innovation from pigment manufacturers to navigate the evolving world of plastic recycling.
Disruptions in the global supply chain, caused by sanctions and logistical hurdles on raw materials from Russia and Ukraine, can lead to price hikes and shortages. Energy price fluctuations, another war-driven consequence, inflate production costs for pigments. Consumer spending slowdowns and delayed construction projects due to the war's economic ripple effects further dampen demand. While Europe might feel the pinch more acutely due to its closer trade ties with both warring nations, there are potential glimmers of hope. Manufacturers might diversify their supplier base or explore alternative raw materials and pigments to navigate these challenges.
An economic downturn has slowed down the white inorganic pigments market. Weakened consumer spending, and reduced the budget in industries like construction and paints & coatings, major users of these pigments. This led to a potential decline in demand as fewer construction projects and consumer goods require white inorganic pigments. Price pressures also mount as businesses tighten their belts, potentially squeezing profit margins for manufacturers if raw material costs remain high. Project delays in construction due to economic uncertainty add another layer of challenge, causing a temporary dip in demand. Essential applications like food, pharmaceuticals, and healthcare could provide stability during a downturn, as the need for white inorganic pigments in these sectors remains constant.
By Product Type
Aluminium Silicate
Calcium Silicate
Silica
Zinc Oxide
Others
Titanium dioxide by product type segment, is leading the white inorganic pigments market in 2023 holding the top spot in both value and volume. This dominance stems from its versatility: it delivers a brilliant white color while also acting as a cost-effective extender pigment in paints, allowing manufacturers to use less expensive materials without sacrificing quality. While other pigments like calcium carbonate play a role in cost-sensitive applications, titanium dioxide's winning combination of performance and affordability makes it the king of this market.
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By Application
Adhesives & Sealants
Plastics
Cosmetics
Paper
Inks
Others
The paints & coatings, application segment is dominating the white inorganic pigments market in 2023, White extender pigments in this segment offer a cost-effective way to stretch paint while enhancing its quality. These "hidden pigments" don't impart color themselves, but their light-scattering magic (due to high refractive index) makes paint appear white. While paints reign supreme, white inorganic pigments find applications in various other sectors like adhesives, plastics, and cosmetics, showcasing their versatility across industries.
Asia Pacific region is dominate the white inorganic pigments market in 2023, wielding both the biggest market share and the highest projected growth. This dominance is a brushstroke of several factors a robust industrial base in countries like China and India, a booming construction and automotive sector, ever-increasing consumer goods demand, and continuous innovation across various industries fueling new applications for these pigments. APAC is not just an industrial powerhouse; it's also a hub for innovation. Advancements across diverse sectors, including electronics, are expected to further propel the white inorganic pigments market. New applications and evolving needs will create fresh opportunities for these versatile pigments.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of the major players in the White Inorganic Pigments Market are Altana AG, BASF SE, Sudarshan Chemical Industries Limited, Cathay Industries Group, Clariant International, AG Cristal, Ferro Corporation, Gharda Chemicals Limited, Heubach GmbH, KRONOS Worldwide Inc., Lanxess AG, Venator Materials PLC, The Chemours Company, Tronox Holdings plc., and other players.
In January 2024: ALTANA acquired Silberline Group, a US leader in effect pigments. This bolsters ALTANA's effect pigments portfolio used in various applications like car coatings and printing inks.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 25.12 Billion |
Market Size by 2031 | US$ 38.63 Billion |
CAGR | CAGR of 5.5% From 2024 to 2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Product Type (Aluminium Silicate, Calcium Silicate, Calcium Carbonate, Silica, Titanium Dioxide, Zinc Oxide, Others) • By Application (Paints & Coatings, Adhesives & Sealants, Plastics, Cosmetics, Paper, Inks, Others) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | KRONOS Worldwide Inc., The Chemours Chemical Company, Ferro Corporation, Sudarshan Chemical Industries Limited, BASF SE, Clariant International AG, Tronox Limited, LANXESS, CRISTAL, Sun Chemical Corporation |
DRIVERS | • Growth of the World's Building Industry • The importance of looks in the packaging industry is growing. • Inorganic pigments that are white have good optical properties. |
Restraints | • Cadmium- and chromium-based pigments are subject to strict rules. • Changes in the prices of raw materials |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: KRONOS Worldwide Inc., The Chemours Chemical Company, Ferro Corporation, Sudarshan Chemical Industries Limited, BASF SE, Clariant International AG, Tronox Limited, LANXESS, CRISTA and Sun Chemical Corporation are the major key players of White Inorganic Pigments Market.
Ans: The COVID-19 pandemic has had a big effect on the white inorganic pigments industry around the world, and it is hard to know how big and bad the long-term effects will be. Because of the spread of the coronavirus disease, about 198,000 dental hospitals and clinics in the US had to close (data as of August 2020). After the pandemic broke out, the economy went into a recession, which hurt the pigments industry. Before and after the COVID-19 pandemic, the sudden drop and uncertainty in the prices of raw materials caused suppliers and manufacturers of inorganic pigments all over the world to worry.
Ans: Emerging economies are becoming more industrialised quickly are the opportunity for White Inorganic Pigments Market.
Ans: 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.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact Of Russia Ukraine War
5.2 Impact of Economic Slowdown
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Average Selling Price
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East & Africa
10. White Inorganic Pigments Market Segmentation, By Product Type
10.1 Introduction
10.2 Trend Analysis
10.3 Aluminium Silicate
10.4 Calcium Silicate
10.5 Calcium Carbonate
10.6 Silica
10.7 Titanium Dioxide
10.8 Zinc Oxide
10.9 Others
11. White Inorganic Pigments Market Segmentation, By Application
11.2 Trend Analysis
11.3 Paints & Coatings
11.4 Adhesives & Sealants
11.5 Plastics
11.6 Cosmetics
11.7 Paper
11.8 Inks
11.9 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America White Inorganic Pigments Market by Country
12.2.3 North America White Inorganic Pigments Market By Product Type
12.2.4 North America White Inorganic Pigments Market By Application
12.2.5 USA
12.2.5.1 USA White Inorganic Pigments Market By Product Type
12.2.5.2 USA White Inorganic Pigments Market By Application
12.2.6 Canada
12.2.6.1 Canada White Inorganic Pigments Market By Product Type
12.2.6.2 Canada White Inorganic Pigments Market By Application
12.2.7 Mexico
12.2.7.1 Mexico White Inorganic Pigments Market By Product Type
12.2.7.2 Mexico White Inorganic Pigments Market By Application
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe White Inorganic Pigments Market by Country
12.3.2.2 Eastern Europe White Inorganic Pigments Market By Product Type
12.3.2.3 Eastern Europe White Inorganic Pigments Market By Application
12.3.2.4 Poland
12.3.2.4.1 Poland White Inorganic Pigments Market By Product Type
12.3.2.4.2 Poland White Inorganic Pigments Market By Application
12.3.2.5 Romania
12.3.2.5.1 Romania White Inorganic Pigments Market By Product Type
12.3.2.5.2 Romania White Inorganic Pigments Market By Application
12.3.2.6 Hungary
12.3.2.6.1 Hungary White Inorganic Pigments Market By Product Type
12.3.2.6.2 Hungary White Inorganic Pigments Market By Application
12.3.2.7 Turkey
12.3.2.7.1 Turkey White Inorganic Pigments Market By Product Type
12.3.2.7.2 Turkey White Inorganic Pigments Market By Application
12.3.2.8 Rest of Eastern Europe
12.3.2.8.1 Rest of Eastern Europe White Inorganic Pigments Market By Product Type
12.3.2.8.2 Rest of Eastern Europe White Inorganic Pigments Market By Application
12.3.3 Western Europe
12.3.3.1 Western Europe White Inorganic Pigments Market by Country
12.3.3.2 Western Europe White Inorganic Pigments Market By Product Type
12.3.3.3 Western Europe White Inorganic Pigments Market By Application
12.3.3.4 Germany
12.3.3.4.1 Germany White Inorganic Pigments Market By Product Type
12.3.3.4.2 Germany White Inorganic Pigments Market By Application
12.3.3.5 France
12.3.3.5.1 France White Inorganic Pigments Market By Product Type
12.3.3.5.2 France White Inorganic Pigments Market By Application
12.3.3.6 UK
12.3.3.6.1 UK White Inorganic Pigments Market By Product Type
12.3.3.6.2 UK White Inorganic Pigments Market By Application
12.3.3.7 Italy
12.3.3.7.1 Italy White Inorganic Pigments Market By Product Type
12.3.3.7.2 Italy White Inorganic Pigments Market By Application
12.3.3.8 Spain
12.3.3.8.1 Spain White Inorganic Pigments Market By Product Type
12.3.3.8.2 Spain White Inorganic Pigments Market By Application
12.3.3.9 Netherlands
12.3.3.9.1 Netherlands White Inorganic Pigments Market By Product Type
12.3.3.9.2 Netherlands White Inorganic Pigments Market By Application
12.3.3.10 Switzerland
12.3.3.10.1 Switzerland White Inorganic Pigments Market By Product Type
12.3.3.10.2 Switzerland White Inorganic Pigments Market By Application
12.3.3.11 Austria
12.3.3.11.1 Austria White Inorganic Pigments Market By Product Type
12.3.3.11.2 Austria White Inorganic Pigments Market By Application
12.3.3.12 Rest of Western Europe
12.3.3.12.1 Rest of Western Europe White Inorganic Pigments Market By Product Type
12.3.2.12.2 Rest of Western Europe White Inorganic Pigments Market By Application
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia Pacific White Inorganic Pigments Market by Country
12.4.3 Asia Pacific White Inorganic Pigments Market By Product Type
12.4.4 Asia Pacific White Inorganic Pigments Market By Application
12.4.5 China
12.4.5.1 China White Inorganic Pigments Market By Product Type
12.4.5.2 China White Inorganic Pigments Market By Application
12.4.6 India
12.4.6.1 India White Inorganic Pigments Market By Product Type
12.4.6.2 India White Inorganic Pigments Market By Application
12.4.7 Japan
12.4.7.1 Japan White Inorganic Pigments Market By Product Type
12.4.7.2 Japan White Inorganic Pigments Market By Application
12.4.8 South Korea
12.4.8.1 South Korea White Inorganic Pigments Market By Product Type
12.4.8.2 South Korea White Inorganic Pigments Market By Application
12.4.9 Vietnam
12.4.9.1 Vietnam White Inorganic Pigments Market By Product Type
12.4.9.2 Vietnam White Inorganic Pigments Market By Application
12.4.10 Singapore
12.4.10.1 Singapore White Inorganic Pigments Market By Product Type
12.4.10.2 Singapore White Inorganic Pigments Market By Application
12.4.11 Australia
12.4.11.1 Australia White Inorganic Pigments Market By Product Type
12.4.11.2 Australia White Inorganic Pigments Market By Application
12.4.12 Rest of Asia-Pacific
12.4.12.1 Rest of Asia-Pacific White Inorganic Pigments Market By Product Type
12.4.12.2 Rest of Asia-Pacific White Inorganic Pigments Market By Application
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East White Inorganic Pigments Market by Country
12.5.2.2 Middle East White Inorganic Pigments Market By Product Type
12.5.2.3 Middle East White Inorganic Pigments Market By Application
12.5.2.4 UAE
12.5.2.4.1 UAE White Inorganic Pigments Market By Product Type
12.5.2.4.2 UAE White Inorganic Pigments Market By Application
12.5.2.5 Egypt
12.5.2.5.1 Egypt White Inorganic Pigments Market By Product Type
12.5.2.5.2 Egypt White Inorganic Pigments Market By Application
12.5.2.6 Saudi Arabia
12.5.2.6.1 Saudi Arabia White Inorganic Pigments Market By Product Type
12.5.2.6.2 Saudi Arabia White Inorganic Pigments Market By Application
12.5.2.7 Qatar
12.5.2.7.1 Qatar White Inorganic Pigments Market By Product Type
12.5.2.7.2 Qatar White Inorganic Pigments Market By Application
12.5.2.8 Rest of Middle East
12.5.2.8.1 Rest of Middle East White Inorganic Pigments Market By Product Type
12.5.2.8.2 Rest of Middle East White Inorganic Pigments Market By Application
12.5.3 Africa
12.5.3.1 Africa White Inorganic Pigments Market by Country
12.5.3.2 Africa White Inorganic Pigments Market By Product Type
12.5.3.3 Africa White Inorganic Pigments Market By Application
12.5.3.4 Nigeria
12.5.3.4.1 Nigeria White Inorganic Pigments Market By Product Type
12.5.3.4.2 Nigeria White Inorganic Pigments Market By Application
12.5.3.5 South Africa
12.5.3.5.1 South Africa White Inorganic Pigments Market By Product Type
12.5.3.5.2 South Africa White Inorganic Pigments Market By Application
12.5.3.6 Rest of Africa
12.5.3.6.1 Rest of Africa White Inorganic Pigments Market By Product Type
12.5.3.6.2 Rest of Africa White Inorganic Pigments Market By Application
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America White Inorganic Pigments Market by Country
12.6.3 Latin America White Inorganic Pigments Market By Product Type
12.6.4 Latin America White Inorganic Pigments Market By Application
12.6.5 Brazil
12.6.5.1 Brazil White Inorganic Pigments Market By Product Type
12.6.5.2 Brazil White Inorganic Pigments Market By Application
12.6.6 Argentina
12.6.6.1 Argentina White Inorganic Pigments Market By Product Type
12.6.6.2 Argentina White Inorganic Pigments Market By Application
12.6.7 Colombia
12.6.7.1 Colombia White Inorganic Pigments Market By Product Type
12.6.7.2 Colombia White Inorganic Pigments Market By Application
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America White Inorganic Pigments Market By Product Type
12.6.8.2 Rest of Latin America White Inorganic Pigments Market By Application
13. Company Profiles
13.1 Altana AG
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 BASF SE
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Cathay Industries Group.
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Clariant International
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 AG Cristal
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Ferro Corporation
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Gharda Chemicals Limited
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Heubach GmbH
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 KRONOS Worldwide Inc.
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Lanxess AG
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.11 Venator Materials PLC
13.11.1 Company Overview
13.11.2 Financial
13.11.3 Products/ Services Offered
13.11.4 SWOT Analysis
13.11.5 The SNS View
13.12 The Chemours Company
13.12.1 Company Overview
13.12.2 Financial
13.12.3 Products/ Services Offered
13.12.4 SWOT Analysis
13.12.5 The SNS View
13.13 Tronox Holdings plc.
13.13.1 Company Overview
13.13.2 Financial
13.13.3 Products/ Services Offered
13.13.4 SWOT Analysis
13.13.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases And Best Practices
16. Conclusion
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