Global Complex Inorganic Color Pigments Market Insights Forecasts to 2030

• The global Complex Inorganic Color Pigments Market was valued at USD 350.00 Million in 2021.
• The Market is growing at a CAGR of 3.4% from 2022 to 2030
• The global Complex Inorganic Color Pigments Market is expected to reach USD 472.88 Million by 2030
• Asia Pacific is expected to grow the fastest during the forecast period.

The global Complex Inorganic Color Pigments Market is expected to reach USD 472.88 Million by 2030, at a CAGR of 3.4% during the forecast period 2022 to 2030. Over the projected period, the demand for Complex Inorganic Color Pigments in the market will increase due to advancements in end-user sectors like construction, paints & coatings, etc. The paints and coatings sector is expected to increase throughout the projected period due to rising Complex Inorganic Color Pigments demand as a result of its qualities, such as strong thermal and chemical stability.

Market Overview

In terms of heat & chemical stability, UV opacity, concealing power, and infrared (IR) reflectance, complex inorganic pigments perform better. Complex inorganic pigments are widely used in a variety of building materials due to their adaptable qualities, such as heat stability, chemical inertness, and weather & light fastness. Strong building activities will support the overall expansion of the market share for complex inorganic colour pigments, particularly in growing nations like China, India, Indonesia, Vietnam, and Brazil. Additionally, CICPs may endure environments that are chemically hostile while maintaining their colors. When exposed to ozone, NOx, SOx, acid rain, or other air pollutants frequently seen in industrial regions, they do not deteriorate. The fact that these pigments maintain their color even when exposed to potent acids, bases, oxidising agents, or reducing agents has helped the product gain popularity in the paints and coatings industry as well as other sectors.

To dispel the beliefs about the presence of heavy metals in beauty goods, cosmetic companies are substantially investing in research and lab developments. In order to stress the management of the presence of heavy metals in cosmetic colours and pigments, producers in the inorganic colour pigments industry are complying to safety requirements. Color additives that complement inorganic colour pigments are used by manufacturers to improve the creation of cosmetic items. For these additions to increase the visual attractiveness of cosmetic goods, additional improvements such as UV (Ultra Violet) protection, water resistance, and gloss are needed. The COVID-19 pandemic has had a significantly negative influence on the building and construction and automobile industries, causing a major decline in market revenue. It may be primarily blamed on a drop-in global building activity and vehicle sales.

The usage of paints and coatings in several industries, including construction and automotive, has been significantly impacted by the COVID-19 epidemic in China, India, and the United States. The use of intricate inorganic colour pigments in paints and coatings will increase, driving industrial expansion. Complex inorganic pigments may also be utilised in applications requiring heat resistance, such as high-heat powder coatings, fluorocarbon coatings, roof coatings, building façade painting, muffler and stove coatings, and vehicle interior and exterior paints.

Report Coverage

This research report categorizes the Market for global Complex Inorganic Color Pigments based on various segments and regions, forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Global Complex Inorganic Color Pigments Market. Recent Market developments and competitive strategies such as expansion, Product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the Market. The report strategically identifies and profiles the key Market players and analyses their core competencies in each global Complex Inorganic Color Pigments Market sub-segments.

Segmentation Analysis

• In 2021, the Cobalt-based segment accounted for the largest share of the Market, with 27.6% and a Market revenue of 96.6 Million.

Based on the Products, the Complex Inorganic Color Pigments Market is categorized into Cobalt-based, Titanate-based, Iron-based, Nickel Manganese-based and Chromium-based. In 2021, the Cobalt-based segment accounted for the largest share of the Market, with 27.6% and a Market revenue of 96.6 Million. Throughout the forecast period, the Cobalt-based segment is anticipated to maintain its leading position because no warping or shrinking occurs when using cobalt-based pigments because of their exceptional dimensional stability and ease of dispersion. Cobalt violet, cobalt blue, cobalt turquoise, cobalt green, cobalt yellow, and cobalt black are just a few of the many hues that are offered. Cobalt pigments are semi-transparent, powdered to slightly granular, reasonably non-staining, moderately saturated, and highly long-lasting. Additionally, cobalt has become quite popular in silicone paints, powder coatings, and inks due to its exceptional thermal and chemical durability and outstanding solvent resistance. One of the main uses of these pigments is in paints and coatings. The market for pigments based on cobalt is probably being driven by the growing number of infrastructure and building projects. In the upcoming years, it is projected that the housing and construction industries would dramatically boost demand for decorative and industrial paints.

• In 2021, the Paints & coatings segment accounted for the largest share of the Market, with 30.6% and a Market revenue of 107.1 Million.

Based on the application, the Complex Inorganic Color Pigments Market is categorized Paints & coatings, Glass, Concrete, Plastics and Others. In 2021, the Paints & coatings segment accounted for the largest share of the Market, with 30.6% and a Market revenue of 107.1 Million. Throughout the forecast period, the Paints & coatings segment is anticipated to maintain its leading position while expanding at the fastest CAGR. It is driven by the rapidly expanding car and building sectors during the ensuing few years. Due to their appealing appearance and desirable colour aesthetics, complex inorganic pigments are essential to the paint industry. Inorganic pigments with complex chemical makeup are utilised to enhance important characteristics including durability, chemical resistance, thermal stability, and attractiveness.

Regional Segment Analysis of the Complex Inorganic Color Pigments Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America emerged as the largest Market for the global Complex Inorganic Color Pigments Market, with a Market share of around 32.2% and 112.7 Million of the Market revenue in 2021.

• North America emerged as the largest Market for the global Complex Inorganic Color Pigments Market, with a Market share of around 32.2% and 112.7 Million of the Market revenue in 2021. The demand for Complex Inorganic Color Pigments is being driven by the rising acceptance by the market. The market for Complex Inorganic Color Pigments was dominated by the North America region mostly due to its developed vehicle sector, which is driving the paints & coatings industry, over the period of the projection. A rise in the middle-class population as a result of the economy's recovery from the impacts of the Great Recession has encouraged market expansion.

•  Asia Pacific Market is expected to grow at the fastest CAGR between 2021 and 2030, because there is an increase in consumer demand for Complex Inorganic Color Pigments in Asia Pacific area for Paints & coatings applications. Additionally, the expansion of Glass infrastructure and growing government efforts will accelerate this region's market growth.

Competitive Landscape

The report offers the appropriate analysis of the key organizations/companies involved within the global Complex Inorganic Color Pigments Market along with a comparative evaluation primarily based on their Product offering, business overviews, geographic presence, enterprise strategies, segment Market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including Product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the Market.

List of Key Market Players:

• BASF SE
• Clariant
• DCL Corporation
• TATA PIGMENTS LIMITED
• FERRO CORPORATION
• Sun Chemical Limited
• LANXESS
• Heubach GmbH
• Cabot Corporatio
• Carl Schlenk AG
• CBC Co., Ltd.
• Dayglo Color Corporation
• DyStar Singapore Pte Ltd
• Ami Chemical Corporation
• The Shepherd Color Company
• CATHAY INDUSTRIES

Key Target Audience

• Market Players
• Investors
• Applications
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Third-party knowledge providers
• Value-Added Resellers (VARs)

Some of the Key Developments:

• In May 2020, A significant manufacturer of CICPs, The Shepherd Color Company, announced the entry of a novel pigment known as "YInMn Blue" to the U.S. EPA TSCA register. This inclusion demonstrated that the pigment was fully approved for use in artist colour supplies as well as other commercial uses.

• In March 2021, The Colortherm yellow pigment line for high-performance, heat-resistant plastics was expanded by LANXESS AG.

Market Segment

This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Complex Inorganic Color Pigments Market based on the below-mentioned segments:

Global Complex Inorganic Color Pigments Market, By Products

• Cobalt-based
• Titanate-based
• Iron-based
• Nickel Manganese-based
• Chromium-based

Global Complex Inorganic Color Pigments Market, By Application

• Paints & coatings
• Glass
• Concrete
• Plastics
• Others

Global Complex Inorganic Color Pigments Market, Regional Analysis

North America

• US
• Canada
• Mexico

Europe

• Germany
• Uk
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• Australia
• Rest of Asia Pacific

South America

• Brazil
• Argentina
• Rest of South America

Middle East & Africa

• UAE
• Saudi Arabia
• Qatar
• South Africa
• Rest of Middle East & Africa