The global white inorganic pigments market size is expected to reach USD 36.04 billion by 2030, according to a new study by Polaris Market Research. The report “White Inorganic Pigments Market Share, Size, Trends, Industry Analysis Report, By Product (Titanium Dioxide, Zinc Oxide, Aluminum Silicate, Calcium Carbonate, Calcium Silicate, Silica, Others); By Application; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Growth in industrialization, rise in demand for paints and coatings from the automotive and construction sectors, and increase in the modernization of vehicles support the industry growth. Increasing demand for white inorganic pigments from developing countries, growing application in the personal care and cosmetics sectors, and greater demand for consumer goods further support the industry growth.
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The different application of white inorganic pigments includes paints and coatings, plastics, printing inks, cosmetics, and others. The paints & coatings segment accounted for a major share in 2021. Greater penetration of passenger vehicles, modernization of vehicles, and development of luxury vehicles have increased the demand for this segment. There has been an increasing application of paints and coatings in the construction sector. Growth in the development of residential buildings, commercial structures, and educational institutions accelerates the market.
Asia Pacific accounted for a significant market share in 2021. Increasing urbanization and industrialization have resulted in greater demand for these pigments. The rise in application in the automotive sector, strengthening construction sector, and greater demand from the consumer goods industry boost the demand for white inorganic pigments in the region. Several market players are launching new innovative products to cater to the growing consumer demand.
The outbreak of COVID-19 negatively impacted the growth of the white inorganic pigment market. The industry experienced a decline in demand from the automotive and construction sectors due to delays in manufacturing and construction activities. The industry also suffered from low availability of raw materials, disruption of the supply chain, and operational restrictions. Implementation of lockdowns across the world led to transportation delays and restrictions on the movement of goods. However, the industry is expected to experience growth post-pandemic due to economic growth and a rise in construction activities.
White Inorganic Pigments Market Report Highlights
Polaris Market Research has segmented the white inorganic pigments market report based on product, application, and region:
White Inorganic Pigments, Product Outlook (Revenue - USD Billion, 2018 - 2030)
White Inorganic Pigments, Application Outlook (Revenue - USD Billion, 2018 - 2030)
White Inorganic Pigments, Regional Outlook (Revenue - USD Billion, 2018 - 2030)