The global inorganic pigment market reached 22 billion U.S. dollars in 2019

According to the latest research results, the global inorganic pigment market scale is about 22 billion US dollars in 2019, which is expected to reach 28.3 billion US dollars by 2024, with an annual compound growth rate of 5.1%, showing a good development trend Titanium dioxide is widely used in inorganic pigment system because of its excellent physical properties For example, its excellent light scattering performance gives the surface of the finishing parts good whiteness and brightness In addition, iron oxide is the second most widely used pigment in pigment system It is pointed out that pigment is the fastest-growing in the field of coating application, which is mainly due to the improvement of the performance requirements of finishing parts and the continuous innovation of coating manufacturing technology and coating process In addition, pigment is expected to have a good development prospect in the field of plastic application in the next few years From the perspective of the downstream end industries of inorganic pigments, there are mainly construction engineering, automobile industry, packaging industry, paper printing industry, textile industry, etc Among them, the construction industry is the fastest growing field of inorganic pigment application, which is due to its good thermal stability, chemical stability, durability, weather resistance and other comprehensive properties From a regional perspective, the Asia Pacific region has been stimulated by the increasing investment and construction in industrial fields such as construction engineering, as well as factors such as large population and strong consumption power, making it the largest market area for inorganic pigments Other regions from large to small are European market, North American market, South American market, Middle East and Africa The world's inorganic pigment manufacturers mainly include: Venator in the UK, Como in the US, tenor in the US, Longsheng in Germany, Connors in the US, Cathay Pacific in China, Klein in in Switzerland, ferro in the US, kaiber in Germany, Monty Blanc in China, Cabot in the US, Karl shurenke in Germany, DCC in Canada, Eckart in Germany, Ineos in the US China Jiangsu Yuxing, Indonesia matapel, Saudi tasnee, India sudashan chemical, US Sun Chemical, China Zhejiang Huayuan pigment company, etc.