A report from MarketsandMarkets has estimated the white inorganic pigments market to be valued at U.S. $22.7 billion in 2021 and is projected to reach U.S. $29.5 billion by 2026 at a CAGR of 5.4%.
The report estimated by product type and region, including aluminum silicate, calcium silicate, calcium carbonate, silica, titanium dioxide, zinc oxide and North America, Europe, APAC, MEA and South America respectively.
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Growth in the white inorganic pigments market can primarily be attributed to the involvement of the pigments in paints and coatings, plastics, cosmetics and more. According to the report, there is a continual demand from the construction, automotive and personal care industry; these are key factors driving demand.
In terms of value, the Asia Pacific region is projected to be the largest market, expected to grow at the highest CAGR during the forecast period, per the report, due to the demand and supply cycles in countries like China, India and Japan.
