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White Inorganic Pigment Market size was valued at USD 22.9 billion in 2019 and is poised to grow from USD 23.9 billion in 2023 to USD 36.5 billion by 2031, at a CAGR of 5.8% during the forecast period (2024-2031).

Competition in the White Inorganic Pigment market is expected to increase during the forecast period because new players are expected to enter in the market and the number of products compatible with White Inorganic Pigment will also increase. Currently, only a few key players are providing their product in the market but these numbers will increase in the upcoming years. 'EI duPont de Nemours and Company', 'LANXESS', 'Ferro Corporation', 'BASF SE', 'Huntsman International LLC', 'DIC Corporation', 'Heubach GmbH', 'Cristal Global', 'Venator Materials plc UK.', 'Tronox Limited', 'Altana AG', 'Cathay Industries Group.', 'The Chemours company, US.', 'Kronos Worldwide, Inc US', 'Gharda Chemicals Limited.'

Rapid infrastructure development and industrialisation in developing economies.

Product innovations are a key trend gaining popularity in the white inorganic pigments market. Major players in the white inorganic pigments market are developing low-abrasion pigments to provide a better alternative for pigments. For instance, in June 2022, Clariant AG, a Switzerland-based specialty chemicals company, launched the advanced Dispersogen Flex 100. It is the first universal polymeric dispersing agent for high-quality pigment preparations that can integrate organic and inorganic pigments and be utilized in all water-based paint systems. The product is generic, low-VOC, label-free, and has Clariant's EcoTain label.

Globally, Asia Pacific is estimated to hold the highest White Inorganic Pigment market share in 2021, Main factors during this growth period is the presence of top market players such as Venator Materials plc,Tronox Holdings plc, Kronos Worldwide Inc.In countries like China, India and Japan, there is efficient demand and supply cycle of paints and coatings, adhesives and sealants, plastics, cosmetics, paper, inks industry.Major industrialisation and infrastructural development in the developing countries will help this market to grow in future.After COVID-19, it is expected that there will be significant bounce back from construction and automotive industry, which will also bolster the growth of white inorganic pigment markets in Asia Pacific region.

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Global White Inorganic Pigment Market

Product ID: SQMIG50B2024