According to the research report titled ‘Complex Inorganic Color Pigments Market Size, Share and Industry Analysis Report by Product (Cobalt-based, Titanate-based, Iron-based, Nickel Manganese-based, Chromium-based) and Application (Paints & Coatings, Glass, Concrete, Plastics), Regional Outlook Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global complex inorganic color pigments market is slated to witness a healthy CAGR over the forecast period 2021-2027.
 

As per the report findings, increasing product utilization across varied end-use applications, and surging demand in paints & coatings sectors are the key factors stimulating global complex inorganic color pigments market growth.
 

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For the uninitiated, complex inorganic color pigments (CICPs) are chemically inert and stable pigments that are fabricated at high temperatures via a process known as calcination. They are imbibed with properties such as heat & chemical stability, enhanced UV opacity, hiding power, and infrared (IR) reflectivity.
 

Notably, these pigments can withstand chemically aggressive settings without fading. They retain pigmentation even when exposed to ozone, SOx, NOx, acid rain, and other air pollutants found in industrial settings.
 

Moreover, CICPs have high heat stability and non-migratory properties, which means that they do not bleed or dissolve even when they come in contact with solvents. These product characteristics are expected to further favor the market outlook in the upcoming years.
 

Based on product type fragmentation of worldwide complex inorganic color pigments industry, titanate-based segment is touted to garner a 3.9% CAGR through the assessment timeframe, owing to rapid urbanization, rising infrastructure spending, and increasing product use in various end-use sectors such as plastics, paints & coatings, and construction.
 

On the regional front, Latin America market is poised to witness prominent growth through 2027, on the back of increasing number of new construction & renovation activities throughout the region and surging demand for paints & coatings in Mexico.
 

Prominent players in global complex inorganic color pigments market include DCL Corp., Hanil Holdings Co. Ltd., Asahi Kasei Kogyo Co. Ltd., Clariant AG, Ferro Corp., Shepherd Color Co., Mason Color Works Inc., Tokan Material Technology Co. Ltd., Heubach GmbH, Venator Materials plc and Lanxess AG.