According to the research report titled ‘Complex Inorganic Color Pigments Market Size, Share and Industry Analysis Report by Product (Cobalt-based, Titanate-based, Iron-based, Nickel Manganese-based, Chromium-based) and Application (Paints & Coatings, Glass, Concrete, Plastics), Regional Outlook Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global complex inorganic color pigments market is touted to garner substantial returns over the forecast period 2021-2027.
 

As per the report findings, favorable product characteristics such as insoluble nature, and high heat stability is the primary factor propelling global complex inorganic color pigments market growth. Moreover, increasing product innovations by leading companies is also likely to bolster industry remuneration over the forecast period.
 

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For the unversed, complex inorganic color pigments (CICPs) are chemically inert and stable pigments that are fabricated at high temperatures via a process called calcination. These pigments provide enhanced hiding power, heat & chemical stability, UV opacity, and infrared reflectivity.
 

Considering product type, titanate-based segment is projected to register a CAGR of 3.9% through 2027, owing to rapid industrialization, high spending towards infrastructure development, and extensive product usage in paints & coatings, plastics, and construction applications.
 

Based on application-based fragmentation of worldwide complex inorganic color pigments market, paints & coatings segment is slated to witness a remarkable CAGR over the forecast period. Notably, CICPs are built to endure chemically aggressive environments while still retaining their original color. These pigments remain steadfast even when they are exposed to ozone, sulfur oxides, nitrogen oxides, and other strong acids, bases, and oxidizing agents commonly found in industrial settings. This factor is expected to stimulate segmental growth in the upcoming years.
 

From a regional frame of reference, Latin America market is expected to witness prominent growth through 2027, owing to increasing number of construction & renovation activities throughout the region as well as surging demand for paints & coatings in Mexico.
 

Major contenders in global complex inorganic color pigments industry are DCL Corp., Hanil Holdings Co. Ltd., Asahi Kasei Kogyo Co. Ltd., Clariant AG, Ferro Corp., Shepherd Color Company, Mason Color Works Inc., TOMATEC Co. Ltd., Heubach GmbH, Venator Materials plc, and Lanxess AG.