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 expected to exhibit substantial growth during the forecast period 2021-2027.
 

Elevated product demand in the construction business, and soaring use in paints & coatings sector are driving the growth of global complex inorganic color pigments market.
 

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For the unversed, complex inorganic color pigments (CICPs) are chemically inert pigments that are fabricated at high temperatures through calcination. These pigments have advanced features such as UV opacity, temperature & chemical resistance, concealment, and infrared (IR) reflectivity. 
 

Moreover, CICPs do not bleed or dissolve after coming into contact with solvents and can withstand chemically aggressive settings while still retaining their original color. Such favorable characteristics are expanding the application scope of these pigments, thereby propelling the industry remuneration.
 

Despite the positive outlook, stringent product regulations are likely to hinder industrial development in the coming years.
 

Based on product type, titanate-based segment held a significant share in global complex inorganic color pigments market in 2020 and is anticipated to grow at 3.9% CAGR through the assessment timeframe. This can be attributed to factors such as wide-ranging applications in various end-use sectors, fast urbanization, as well as an uptick in infrastructure spending.
 

From a regional standpoint, the research literature covers Latin America, North America, Middle East & Africa, Asia Pacific, and Europe. Among these, Latin America market is estimated to record lucrative returns during the projected timeframe, owing to factors like burgeoning demand for paints & coatings in Mexico, and growth in number of new construction & renovation activities in the region.
 

The competitive landscape of global complex inorganic color pigments market is defined by companies such as Dominion Colour Corporation, Tomatec Co., Ltd. (Tokan Material Technology Co., Ltd.), Asahi Kasei Corporation, Lanxess AG, Hanil Cement Co., Ltd., Heubach GmbH, The Shepherd Color Company, Clariant AG, Venator materials plc, Ferro Corporation, and Mason Color Works, Inc. among others.