According to the research report titled ‘Global Inorganic Pigments Market Size study with COVID-19 impact, by Pigment Type (Titanium Dioxide, Iron Oxide, Carbon Blank and Others), by Application (Paint & coating, Plastics, Inks and Others), End-Use sector (Building & construction, Automotive, packaging, Paper & printing, textiles and others) and Regional Forecasts 2020-2027’, available with Market Study Report, global inorganic pigments market garnered a valuation of USD 22 billion in 2019 and is expected to grow with a CAGR of 5.1% during 2020-2027.
 

Growing construction activities facilitated by rapid industrialization and urbanization is primarily stimulating global inorganic pigments market growth. According to National Investment Promotion & Facilitation Agency, construction sector in India recorded a 2.9% growth during 2011-2015, which increased to 5.6% during 2016-2020.
 

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Notably, inorganic pigments are widely used in an array of applications such as plastics & construction materials, personal care products, printing inks, and paints & coatings. These pigments have electrons which achieve higher energy levels when exposed to light. As they can absorb or reflect light of specific wavelength resulting in improved appearance and more appealing look of the product. Increasing importance of aesthetics in packaging sector is fueling the expansion of global inorganic pigments market.
 

Despite the favorable business scenario, strict norms regarding the usage of cadmium and chromium-based pigments is likely to hamper worldwide inorganic pigments industry expansion over the assessment period.
 

In addition, lockdowns imposed in different countries due to the outbreak of COVID-19 pandemic has negatively affected global inorganic pigments industry forecast, due to disruptions in demand and supply chain.
 

Based on pigment type, the market is divided into carbon black, iron oxide, titanium dioxide, and others. Speaking of application spectrum, the industry is split into inks, plastics, paints & coatings, and others. With respect to end user scope, the market is categorized into textile, paper & printing, packaging, automotive, building & construction, and others.
 

Citing the regional landscape, worldwide inorganic pigments market dynamics are defined by Asia Pacific, Europe, Latin America, North America, and Rest of the World. As per the report, North America leads the overall market forecast presently, on account of amplifying packaging, and painting & coating sectors.
 

On the other hand, Asia Pacific inorganic pigments industry is poised to gain momentum through 2027, owing to growing construction activities, and rapid industrialization.
 

Established firms in global inorganic pigments market are Lomon Billions Group Co. Ltd., Heubach GmbH, Ferro Corporation, Clariant AG, Cathay Industries, Kronos Worldwide Inc., Lanxess AG, Tronox Limited, The Chemours Company, and Venator Materials plc.