Complex inorganic pigments market to exhibit traction for cobalt-based CIPs

11:24 AM, 28th January 2021
Notably, complex inorganic pigments have soared in popularity among formulators to provide a versatile tool for formulating innovative, stable and economic coatings in a slew of colors.

At the time when demand for durable and cost-effective pigments has surged, stakeholders are touted to infuse funds in complex inorganic pigments market. Notably, complex inorganic pigments have soared in popularity among formulators to provide a versatile tool for formulating innovative, stable and economic coatings in a slew of colors.

With tremendous solvent resistance and good heat stability, leading companies are slated to invest in R&D activities in inorganic pigments portfolio. It is worth noting that CIPs have tremendous chemical stability and heat stability, making the pigment ideal for high-heat coatings. In the latest research report collated by Global Market Insights Inc, complex inorganic pigments market size is projected to garner a sizeable gain by 2026.

COVID-19 impact

COVID-19 fallout is likely to have subtle impact on the industry growth as the production and supply chain may get affected, influencing the business outlook. Stakeholders expect post-COVID scenario to be slightly robust as construction industry is likely to pick pace in the next few years. So much so that increased demand for paints and coatings will bode well for complex inorganic pigments market outlook.

Trends in paints and coatings

Trend for CIPs is likely to be more noticeable in paints and coatings for they are anti-corrosive, stable and durable. Of late, a steady rise in construction activities has revved up the production of paints and coatings.

Application of CIPs in exterior coatings will potentially fuel complex inorganic pigments market revenue and will be sought-after for their tremendous weatherability. Inorganic pigments trend to provide higher heat resistance vis-à-vis zinc ferrites and are highly sought-after for car interiors. Paints and coatings companies are likely to seek complex inorganic pigments in powder coatings as they provide controllable owing to higher use-rates as compared to organic pigments.

In the ensuing period, environmentally friendly pigments will garner attention as demand for non-toxic pigments is likely to surge. Accordingly, complex inorganic pigments will be sought-after in paints and coatings.

Penetration of cobalt to become noticeable

Demand for cobalt blue inorganic pigments will potentially witness an upward trajectory in the next half-a-decade. Prominently, tremendous heat and chemical stability and good solvent resistance have made cobalt highly desirable in silicone paints, powder coatings and inks.

The innate combination of solubility, color and stability has made cobalt a major coloring agent in a slew of end-use applications. Use of cobalt inorganic pigments in the decoration of ceramics will muster up the confidence among stakeholders.

Growth opportunities in North America and APAC

North America complex inorganic pigments industry share is likely to gain an uptick on the heels of expanding penetration of CIPs in paints & coatings, glass and plastics in the U.S. and Canada. Paints and coatings companies are infusing funds in industrial and exterior coatings to boost anti-corrosive, stability and durability attributes.

With the demand for coatings in construction, oil and gas soaring in India and China, APAC complex inorganic pigments market volume is touted to gain an uptick. More importantly, injection of funds in infrastructure developments and favorable initiatives from governments will drive the growth in the region.

Decline in plastic consumption to derail growth

A notable decline in the consumption of plastics and traction towards organic pigments are likely to dent the industry outlook.

Impressive demand for cobalt-based CIPs and iron-based CIPs will accentuate the growth of complex inorganic pigments market revenue. Paints and coatings companies will be the major recipient of inorganic pigments.

Get detailed analysis on the Complex Inorganic Pigments Market: https://www.gminsights.com/request-sample/detail/3952

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Website: https://www.gminsights.com

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