Inorganic Color Pigments Market to Rear Excessive Growth During 2023
Inorganic
pigments are obtained from mixed metal oxides and are produced by a
high temperature calcinations process. These pigments are not
affected y strong acids, base and oxidizing agents. Also inorganic
pigments are non-migratory, do not bleed and are non-warping. Most
inorganic pigments can withstand various temperatures and bad
climatic conditions; they are heat resistant, have resistance to
other chemicals and are easy to disperse. There are a variety of
inorganic pigments available and are classified primarily from the
source they are derived from. Some of the inorganic pigments include
Chrome, which is derived from lead, Cadmiums, which are derived from
cadmium compounds, and Irons that are derived from various iron
oxides among others. Inorganic pigments are solid materials that
obtain their transparency owing to their extremely small size and
shape.
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Inorganic
color pigments are used in various industries, which include coil
coatings, powder coatings, industrial coatings, architectural
coatings among others. They are also used in the coloring of
plastics, buildings, constructions etc... It finds its application
even in the automotive segments as a colorant for engineering
plastics. Owing to the quality of industrial products, which have
been improving over the past few years, the demands on their
appearance and durability are increasing as well. Due to their
fastness properties and their tolerance to adverse conditions, they
are the most preferred pigments used in constructions. Inorganic
pigments are the most stable class of pigments that have been
manufactured as of today.
The
key drivers for the inorganic pigment market include rapid growth in
urbanization, the paints and the coatings market, the construction
agency, the building material and plastic industry. The demand for
inorganic pigments is expected to be the highest in developing
countries. These inorganic pigments are mainly used in the automotive
industry due to its durable properties. The market for automotives in
developing countries along with the plastic, paint and coatings
industry is growing at a rapid pace especially in emerging economies
like India and China and hence the demand for inorganic pigments is
anticipated to be high in these countries. The main setbacks of the
inorganic pigment industry are coping with continuous globalization,
markets that are mature in a few applications and regions and the
excess production of commodity pigments.
The
adverse environmental effects inorganic pigments cause can be a
restrain for its market especially in Europe. However due to the lack
of stringent regulations in Asia Pacific countries especially in
countries like India and China, inorganic pigments are used produced
and used on a large scale.
The
key segments for this market include North America, Europe, Asia
Pacific and Rest of the world (RoW). The most widely used pigments
are manufactured from iron oxide. The largest manufactures of
inorganic pigments is China, followed by North America and finally
Europe. Demand for inorganic pigments is seen to be declining in
western countries while demand in Asian countries is increasing
especially in China. The inorganic dye market is mature in Japan and
is not likely to increase by a huge margin over the next few years.
The consumption of inorganic pigments is expected to grow
significantly in India and China in the near future.
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Some
of the key companies profiled for Inorganic Color Pigments market
include Ferro Corporation GmbH, Shepard Color Company, Bayer AG,
Rockwood, Atlanta AG, Apollo Colors, Honeywell International and Todo
Kogyo among others.
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