White Inorganic Pigments Market Forecasted to Experience Remarkable Growth| MarketsandMarkets™

White inorganic pigments are a type of pigment made from inorganic materials such as titanium dioxide, zinc oxide, and barium sulphate. These pigments are used in a variety of industries, including paint, coatings, and plastics, to provide a white color or a reflective effect. They are also used in paper and ink applications, as well as in food colouring. The demand for white inorganic pigments is increasing due to their superior performance and cost-effectiveness compared to organic pigments. They offer superior lightfastness and chemical resistance, as well as a wide range of shades, and can be used in a variety of applications.

According to a new report by MarketsandMarkets, the white inorganic pigments market is projected to reach USD 29.5 billion by 2026, from an estimated USD 21.9 billion in 2021, at a CAGR of 5.4%. The increasing demand from the paints & coatings, plastics, and paper & printing industries is expected to drive the market for white inorganic pigments.

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The increasing global demand for white paints & coatings, plastics, and paper & printing is expected to fuel the demand for white inorganic pigments during the forecast period. White inorganic pigments are used as a whitening agent in these industries. The increasing demand for whitening agents from the aforementioned industries is expected to drive the demand for white inorganic pigments in the coming years. Moreover, the rising demand for white inorganic pigments in the production of paper & printing, plastics, and paints & coatings is expected to boost the market growth.

The white inorganic pigments market's most significant product type segment is titanium dioxide.

Titanium dioxide is an inorganic compound used as a white pigment and as a material for a variety of industrial and consumer products. It is the most widely used white pigment in the world and accounts for more than 80% of the total market for white inorganic pigments. It is used in a variety of applications such as paints, plastics, paper, cosmetics, food, and medicines. Titanium dioxide is non-toxic, non-flammable, and has a very high refractive index, making it an ideal pigment for a wide range of applications.

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The white inorganic pigments market's largest application segment is paints and coatings.

Paints & coatings accounted for the largest share of the global white inorganic pigments market and are expected to remain the largest application segment during the forecast period. The paints & coatings segment is estimated to account for a share of more than 50% of the global white inorganic pigments market in 2020 and is expected to maintain its dominance during the forecast period. This is attributed to the growing demand for white inorganic pigments in the paints & coatings industry to enhance product performance. White inorganic pigments offer a wide range of benefits, including improved hiding power and tint strength, good durability, and color consistency. The increasing demand for white pigments in the paints & coatings industry for commercial and residential applications is expected to drive the demand for white inorganic pigments over the forecast period.

The market for white inorganic pigments is most prevalent in the Asia Pacific.

The Asia Pacific region is the largest market for white inorganic pigments, accounting for more than 40% of the global market share. This is due to the presence of major pigment manufacturing companies in the region, such as BASF and Clariant, and the large demand from end-use industries such as paints & coatings, plastics, and paper & printing. The region is also witnessing a growing demand for white inorganic pigments from the automotive, construction, and aerospace industries. The increasing demand for high-performance coatings and the rising demand for energy-efficient and eco-friendly products are further driving the growth of the white inorganic pigments market in the region.

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Key players in the white inorganic pigments market.

BASF SE, Evonik Industries AG, PPG Industries, Inc., Merck KGaA, Ferro Corporation, Kronos Worldwide, Inc., LANXESS AG, Huntsman Corporation, The Shepherd Color Company, Tronox Limited and others.

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