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White Inorganic Pigments Market

White Inorganic Pigments Market

White Inorganic Pigments Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

215

Base Year:

2023

Date

Sep - 2024

Format:

PDF XLS PPT

Report Code:

VMR-2625

Segments Covered
  • By Product Type By Product Type Aluminium Silicate, Calcium Silicate, Calcium Carbonate, Silica, Titanium Dioxide, Zinc Oxide, Others
  • By Application By Application Paints & Coatings, Adhesives & Sealants, Plastics, Cosmetics, Paper, Inks, Others
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2023
Forecast YearsForecast Years: 2024 - 2032
Historical YearsHistorical Years: 2018 - 2022
Revenue 2023Revenue 2023: USD 25.4 Billion
Revenue 2032Revenue 2032: USD 42.55 Billion
Revenue CAGRRevenue CAGR (2024 - 2032): 5.9%
Fastest Growing Region Fastest Growing Region (2024 - 2032) North America
Largest Region Largest Region (2023): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
White Inorganic Pigments Market Share

The global White Inorganic Pigments Market is valued at USD 25.4 Billion in 2023 and is projected to reach a value of USD 42.55 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 5.9% between 2024 and 2032. The market is driven by rising demand for white inorganic pigment from various industries such as construction and automotive.

Key Highlights

  • Based on the Product Type, the Titanium Dioxide category accounted for significant market share in 2023
  • In 2023, by Application, Paints & Coatings dominated the market with significant market share of 41.6%
  • Asia Pacific dominated the market with 42.5% market share in 2023
  • Technological advancements in pigment production further contribute to market growth by improving performance and reducing costs, making these pigments more accessible across various applications

Major objectives of White Inorganic Pigments Market Study

  • To gain a comprehensive understanding of the White Inorganic Pigments market by identifying its key segments and subsegments
  • To provide an in-depth analysis of the factors driving or hindering market growth, including emerging opportunities and challenges specific to the industry
  • To analyze individual market segments for growth trends, future prospects, and their impact on the overall market
  • To explore potential opportunities for stakeholders in the White Inorganic Pigments market and to map out the competitive landscape of leading players
  • To profile major companies within the market, evaluating their market share, strengths, and competitive advantages

White Inorganic Pigments Market Size, 2023 To 2032 (USD Billion)

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Product Type Overview

​The Product Type segment is divided into Aluminium Silicate, Calcium Silicate, Calcium Carbonate, Silica, Titanium Dioxide, Zinc Oxide, Others. The Titanium Dioxide segment held the dominant share in 2023, accounting for significant market share.

Titanium Dioxide dominated the market because of its excellent performance and versatility. Titanium dioxide is the material of choice for many different applications, such as paints, coatings, plastics, and cosmetics, due to its superior opacity, brightness, and durability. Its dominant position in the market has been reinforced by its capacity to deliver excellent coverage and maintain color stability in a range of conditions. The dominance of this market is further strengthened by continuous improvements in production technology and the extensive use of titanium dioxide in a variety of industries.

Application Overview

The Application segment is divided into Paints & Coatings, Adhesives & Sealants, Plastics, Cosmetics, Paper, Inks, Others. In 2023, the Paints & Coatings segment held largest share of 41.6% in the White Inorganic Pigments market.

The Paints & Coatings segment's prominence is attributed to the essential use of white inorganic pigments, such as Titanium Dioxide, in providing high opacity, brightness, and durability for a wide range of coatings and finishes. These pigments are essential to the production of protective layers and vibrant, long-lasting colors in industrial and decorative paints. The significant portion shows the reliance of paint and coatings sector depends on premium white pigments to satisfy aesthetic and performance standards in a variety of applications.

Regional Overview

In 2023, the Asia Pacific captured 42.5% of the revenue share.

Asia Pacific White Inorganic Pigments market is driven by strong demand in construction, automotive, and consumer goods industries, where white inorganic pigments are essential for high-quality finishes and durability. Countries like China, India, and Japan are major contributors, fueled by their expanding manufacturing capabilities and increasing infrastructure development. The region's growth is further supported by a rising focus on sustainable and advanced pigment technologies, making Asia-Pacific a central hub in the global white inorganic pigments industry.

North America region is experiencing the fastest growth, propelled by the strong construction and automotive industries, strict regulations promoting eco-friendly products, and advancements in pigment technology. North America's construction sector, especially in the U.S. and Canada, requires high-quality white pigments for paints, coatings, and architectural uses, fueled by rising population and infrastructure projects. White inorganic pigments are used majorly in coatings by the automotive sector, which is known for emphasizing innovation and quality, in order to meet consumer demands for durability and aesthetics. Furthermore, Manufacturers produce products with lower environmental effect by promoting the development and adoption of eco-friendly pigments in order to focus on sustainability.

Based on the provided market data, Vantage Market Research offers customizations in the reports to meet the specific needs of clients.

Key Trends

  • Rising Demand for Eco-Friendly Products: There is a growing preference for sustainable and environmentally friendly white inorganic pigments, driven by increasing regulations and consumer awareness about the environmental impact of traditional pigments
  • Advancements in Pigment Technology: Innovations in pigment formulations and production processes are enhancing the performance, opacity, and durability of white inorganic pigments, meeting the evolving needs of various industries
  • Expanding Applications: White inorganic pigments are being increasingly used in a broader range of applications, including advanced coatings, high-performance plastics, and specialty materials, beyond traditional uses in paints and coatings
  • Focus on Regulatory Compliance: Companies are adapting to stricter regulations and standards related to pigment safety and environmental impact, leading to the development of compliant and safer pigment alternatives

Report Coverage & Deliverables

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  • Market Trends Heatmap
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  • Market Sentiment Analysis
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Market Definition

​White inorganic pigments are chemical compounds used to provide white color in products, known for their high opacity and durability. Common types include titanium dioxide and zinc oxide, used in paints, coatings, plastics, and ceramics for their excellent coverage and stability.

Market Dynamics

Rising construction sector is a significant driver for the White Inorganic Pigments Market

Construction industry includes both residential and non-residential projects, spanning commercial and industrial infrastructure. For instance, according to a report, an 85% increase in construction output, reaching USD 15.5 trillion by 2030. China, the US, and India are expected to account for more than half of this growth, driven by economic recovery in these major economies. Key growth drivers include globalization, urbanization, rising standards of living, increased purchasing power parity (PPP), and the development of megacities in emerging markets. Construction activity is anticipated to double in these markets by 2020. In the Asia Pacific region, China and India offer significant growth prospects for the construction industry. Meanwhile, demand for both residential and non-residential construction remains strong across North America, Europe, Middle East & Africa, and Latin America, due to improving living standards.

Stringent Regulations Related to Cadmium and Chromium-Based Pigments pose a challenge to the White Inorganic Pigments Market

Cadmium and chromium are harmful to human health, and their disposal during manufacturing leads to environmental pollution. To manage this, proper processing is crucial to control the levels of acid-extractable metals. Many Chinese producers have faced challenges due to inadequate treatment facilities and strict government regulations, leading to the closure of major inorganic pigment production facilities. Regulations like the Registration, Evaluation, and Authorization of Chemical Substances (REACH) have placed limitations on the use of these pigments. In Europe, Directive 91/338/EEC bans cadmium pigments in numerous applications, while the US Environmental Protection Agency (EPA) frequently reviews and prohibits pigments that pose health and environmental risks, such as the ban on Pigment Violet 29. These stringent regulations affect the market by potentially delaying or hindering the introduction of new products, which can also lead to higher product prices.

Rapid industrialization in emerging economies presents a significant opportunity for the Market

Rapid industrialization in emerging economies across regions such as Asia Pacific, the Middle East & Africa, and South America is anticipated to create growth opportunities for the white inorganic pigments market. The building & construction, automotive, packaging, and textile industries have seen significant expansion in recent years. Countries like China, India, Indonesia, Thailand, Saudi Arabia, the UAE, Turkey, Brazil, and Chile have experienced rapid growth in key manufacturing sectors, which is expected to further drive market growth. Supportive government policies, coupled with low labor costs, a skilled workforce, access to raw materials, and increasing urbanization, have attracted both domestic and foreign companies to establish their operations in these regions.

Competitive Landscape

The competitive landscape of the White Inorganic Pigments market is characterized by the presence of several key players who leverage technological innovation, product quality, and strategic partnerships to maintain their market positions. Major companies in the market focus on enhancing pigment performance, such as improving opacity, brightness, and durability, to meet the diverse needs of industries like coatings, plastics, construction, and textiles. Competitive strategies include expanding product portfolios, optimizing production processes, and exploring new applications to cater to evolving market demands. Additionally, the market experiences competition from both established pigment manufacturers and new entrants aiming to capitalize on emerging trends and sustainability initiatives, such as the development of environmentally friendly pigments.

The key players in the global White Inorganic Pigments market include - Gharda Chemicals Limited, Heubach GmbH, KRONOS Worldwide Inc., Lanxess AG, Altana AG, BASF SE, Cathay Industries Group, Clariant International AG, Cristal, Ferro Corporation. among others.

Recent Market Developments

ALTANA Acquires Silberline Group to Enhance Effect Pigment Portfolio

  • In 2024, ALTANA announced the acquisition of the Silberline Group, a leading U.S. company specializing in effect pigments used across various industries, including automotive coatings, printing inks, plastics, protective coatings, and consumer packaged goods

Thomas Scientific Expands National Reach with Acquisition of Quintana Supply

  • In August 2023, Thomas Scientific acquired Quintana Supply, a move that will expand its national presence and enhance its ability to provide products and services in the advanced technology and industrial sectors

Cathay Industries to Acquire Venator Materials' Iron Oxide Pigment Business

  • In November 2022, Cathay Industries revealed its agreement to acquire the iron oxide pigment business of Venator Materials PLC

The global White Inorganic Pigments market can be categorized as Product Type, Application and Region.

Parameter Details
Segments Covered

By Product Type

  • Aluminium Silicate
  • Calcium Silicate
  • Calcium Carbonate
  • Silica
  • Titanium Dioxide
  • Zinc Oxide
  • Others

By Application

  • Paints & Coatings
  • Adhesives & Sealants
  • Plastics
  • Cosmetics
  • Paper
  • Inks
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Gharda Chemicals Limited
  • Heubach GmbH
  • KRONOS Worldwide Inc.
  • Lanxess AG
  • Altana AG
  • BASF SE
  • Cathay Industries Group
  • Clariant International AG
  • Cristal
  • Ferro Corporation.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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FAQ
Frequently Asked Question
  • The global White Inorganic Pigments valued at USD 25.4 Billion in 2023 and is expected to reach USD 42.55 Billion in 2032 growing at a CAGR of 5.9%.

  • The prominent players in the market are Gharda Chemicals Limited, Heubach GmbH, KRONOS Worldwide Inc., Lanxess AG, Altana AG, BASF SE, Cathay Industries Group, Clariant International AG, Cristal, Ferro Corporation..

  • The market is project to grow at a CAGR of 5.9% between 2024 and 2032.

  • The driving factors of the White Inorganic Pigments include

  • Asia Pacific was the leading regional segment of the White Inorganic Pigments in 2023.