White Inorganic Pigments Market will Garner $29.5 billion by 2026| MarketsandMarkets™

White inorganic pigments are pigments made from non-carbon-based materials and do not contain any organic components. They are generally used to provide opacity and color to paint and coatings, printing inks, plastics, and other materials. They are also used as a filler or extenders in many products such as paper, textiles, and rubber. The main use of white inorganic pigments is to provide opacity and color to a variety of products. They are used to lighten or whiten the color of a product or to give it a particular color. They are also used as fillers or extenders in many products. White inorganic pigments can provide a matte finish or a glossy finish depending on the product. The scope and demand for white inorganic pigments are increasing, driven by a growing demand for environmentally-friendly products and the overall growth in the paint, plastics, and other industries. They are also in demand due to their low cost and compatibility with a wide range of materials.

The global white inorganic pigments market size is estimated at USD 22.7 billion in 2021 and is projected to reach USD 29.5 billion by 2026, at a CAGR of 5.4%, between 2021 and 2026. Growth in the white inorganic pigments market can primarily be attributed to the growing involvement of white inorganic pigments in paints & coatings, adhesives & sealants, plastics, cosmetics, paper, and inks, among others. There is a continual demand from the construction, automotive, and personal care industries as it helps in attaining high light scattering power, a high degree of hiding power, good tinting strength, a high degree of brightness, a negligible undertone (ideally none), and a high degree of whiteness are all required from white inorganic pigments. These are the key factors driving the demand for white inorganic pigments during the forecast period.

The Asia Pacific region is projected to be the largest market, in terms of value. Asia Pacific is also expected to grow at the highest CAGR during the forecast period. Growth in APAC is backed by the efficient demand and supply cycle of the paints & coatings, adhesives & sealants, plastics, cosmetics, paper, inks industries majorly in countries like China, India, and Japan among others. A significant bounce back is expected from the construction and automotive industry and this will drive the market in the area. APAC is also an industrial hub with a significantly large market size. Other factors, such as the increasing consumer goods demand, innovation in electronics and other sectors, etc., are expected to support the growth of this regional market during the forecast period.
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