White Inorganic Pigments Market Global Market Report 2024

“White Inorganic Pigments Market Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on white inorganic pigments Market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for white inorganic pigments market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The white inorganic pigments Market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Product Type: Aluminum Silicate; Calcium Silicate; Calcium Carbonate; Silica; Titanium Dioxide; Zinc Oxide; Other Products
• 2) By Application: Paints and Coatings; Adhesives and Sealants; Plastics; Cosmetics; Paper; Inks; Other Applications
• Companies Mentioned: The Chemours Company; Tronox Holdings plc; Lanxess AG; Kronos Worldwide Inc.; BASF SE
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

White inorganic pigments are substances that impart light-scattering properties to coatings. These pigments, derived from both naturally occurring minerals and artificially synthesized minerals using compounds such as oxides and sulphides of various metals, contribute to the opacity of coatings, lighten other colors, and exhibit the ability to focus all light wavelengths. This property, attributed to their relatively high refractive index, makes them appear white to the human eye.

The primary categories of white inorganic pigments include aluminum silicate, calcium silicate, calcium carbonate, silica, titanium dioxide, zinc oxide, and others. Aluminum silicate, a mineral compound composed of silicon, oxygen, and aluminum, occurs naturally and is utilized as a white pigment in paints, printing inks, and paper. Its applications span across various industries such as paints and coatings, adhesives and sealants, plastics, cosmetics, paper, inks, among others.

The white inorganic pigments market research report is one of a series of new reports from The Business Research Company that provides white inorganic pigments market statistics, including white inorganic pigments industry global market size, regional shares, competitors with a white inorganic pigments market share, detailed white inorganic pigments market segments, market trends and opportunities, and any further data you may need to thrive in the white inorganic pigments industry. This white inorganic pigments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The white inorganic pigments market market size has grown strongly in recent years. It will grow from $21.29 billion in 2023 to $22.83 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The expansion observed in the historical period can be ascribed to the growth of the construction industry, demand for paints and coatings, requirements in the automotive sector, heightened usage in plastics, and global trends in urbanization.

The white inorganic pigments market market size is expected to see strong growth in the next few years. It will grow to $29.9 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The anticipated expansion in the forecast period can be linked to renovations and upgrades in architecture, compliance with environmental regulations, the growth of the packaging industry, manufacturing of consumer goods, and a shift towards sustainable practices. Key trends expected in the forecast period encompass an increased demand for white pigments in the plastics industry, the introduction of nanostructured white pigments, a focus on specialty pigments for cosmetics, integration into advanced coating technologies, and adoption in digital printing inks.

The anticipated growth in the white inorganic pigments market is poised to be driven by the global construction sector's expansion. The construction industry encompasses a range of manufacturing and trade-related activities focused on building, repairing, renovating, and maintaining infrastructure. White inorganic pigments find application in coating buildings and construction materials, enhancing both durability and appearance. In 2022, the U.S. Construction Cost Trends report highlighted a surge in residential construction, contributing to heightened demand for materials and labor, leading to increased competition and cost pressures. In the U.S., total construction spending has risen by 16% since the onset of the pandemic. Consequently, the growth of the global construction sector is a key factor propelling the white inorganic pigments market.

The burgeoning demand for personal care products is expected to drive the growth of the white inorganic pigment market. Personal care products encompass a range of self-care items used for personal hygiene, cleaning, and grooming. White inorganic pigments play a crucial role in these products by providing opacity, brightness, and UV protection, enhancing both aesthetic appeal and functionality. Notably, in February 2023, L'Oreal S.A., a France-based personal care company, reported increased sales of consumer products from 11.8% to 14.6% and active cosmetics from 28.0% to 30.6% between the 3rd and 4th quarters of 2022. Thus, the escalating demand for personal care products stands as a driving force behind the growth of the white inorganic pigment market.

The white inorganic pigments market is witnessing a notable trend towards product innovations, with major players focusing on the development of low-abrasion pigments as a superior alternative. In June 2022, Clariant AG, a specialty chemicals company based in Switzerland, introduced the advanced Dispersogen Flex 100. This groundbreaking product serves as the first universal polymeric dispersing agent for high-quality pigment preparations, capable of integrating both organic and inorganic pigments across all water-based paint systems. Notably, Dispersogen Flex 100 is characterized by its generic nature, low-VOC properties, label-free composition, and bears Clariant's EcoTain label.

Prominent companies in the white inorganic pigments market are intensifying efforts to introduce high-performance variants, exemplified by products such as EverWhite Pigment, aiming to gain a competitive advantage. EverWhite Pigment, launched by U.S. Silica Holdings Inc. in May 2023, is a specially engineered white inorganic pigment designed for various applications, boasting exceptional opacity, brightness, and durability. Derived from a highly refined silica-based mineral, EverWhite Pigment serves as a versatile substitute or complement to other inorganic white pigments, including titanium dioxide (TiO2). The product, sought after for its consistent bright-white color, is gaining popularity across diverse industries such as coatings, building products, quartz countertops, cement applications, plastic fillers, and exterior building products.

In June 2021, the Heubach Group, a German-based pigment manufacturer, and SK Capital, a New York-based private investment firm, joined forces to acquire Clariant's Pigments division for an undisclosed amount. This strategic acquisition is poised to create a diversified pigments player, strengthening the positions of Heubach and Clariant Pigments. With complementary product portfolios and regionally compatible asset footprints, the collaboration aims to offer customers a broader range of products and expanded geographic coverage. Clariant Pigments, based in Switzerland, is a renowned chemical company specializing in both organic and inorganic pigments.

Major companies operating in the white inorganic pigments market market report are The Chemours Company, Tronox Holdings plc, Lanxess AG, Kronos Worldwide Inc., BASF SE, Venator Materials plc, Altana AG, Gharda Chemicals Limited, Heubach GmbH, Cathay Industries Group, Sun Chemical Corporation, Sudarshan Chemical Industries Limited, Ferro Corporation, Travancore Titanium Products Ltd., Clariant International AG, Alabama Pigments Company, Cabot Corporation, Carl Schlenk AG, Dominion Colour Corporation, DyStar Singapore Pte. Ltd., ECKART GmbH, Ineos Pigments USA Inc., Jiangsu Yuxing Industry & Trade Co. Ltd., Albemarle Corporation, DuPont de Nemours Inc., Evonik Industries AG, Huntsman Corporation, Lomon Billions Group Co. Ltd., Merck KGaA, Nippon Paint Holdings Co. Ltd., OCI Company Ltd., PPG Industries Inc., Rockwood Holdings Inc., Tikkurila Oyj, Toyo Ink SC Holdings Co. Ltd., Trust Chem Co. Ltd., Union Colours Limited, Vibfast Pigments Pvt Ltd.

North America was the largest region in the white inorganic pigments market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the white inorganic pigments market market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the white inorganic pigments market market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The white inorganic pigments market consists of sales of specialty pigment. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.