Why Consumption of Inorganic Pigments is Increasing in Various Industries?

What is Inorganic Pigment?

Inorganic pigments are the inorganic particles added to the polymer base to give a specific color or functional benefits to the plastic. Inorganic pigments are made up of minerals and salts and are based on oxide, sulfate, sulfide, carbonate, and other such combinations. Inorganic pigments have several advantages over organic pigments. They are more durable, have a wide range of colors, and are less expensive. However, they can also be opaque and have lower tinting strength than organic pigments. The increasing growth of the construction sector and surging demand for inorganic pigment in paints and coatings are the main driving factors for the growth of the industry which helps to grow majorly in the future.

Here are some of the driving factors that are increasing opportunities for the Inorganic Plastic Pigments market growth:

Growing building and construction industry:

According to the India Brand Equity Foundation, India is expected to become the third-largest construction market globally by 2022. India plans to spend US$ 1.4 trillion on infrastructure projects through the National Infrastructure Pipeline (NIP), from 2019 to 2023, to ensure sustainable development in the country. The rise in construction projects like infrastructure development, industrial units, and residential project, raises the demand for inorganic pigments. The quality of construction is improved by using inorganic pigments. The inorganic pigments have wide application in construction including, flooring, precast walls, pavers, pipes and panels, tiling, and others. The growing building and construction industry drives the Inorganic Pigments Market growth.

Surging demand for inorganic pigment in paints and coatings:

The growing demand for inorganic pigment in paints and coating has a positive effect on the growth of the market. It is used in paint coatings to provide color, opacity, and durability. They are also used to improve the water resistance and UV stability of paints and coatings. Decorative paints are used to add color and beauty to homes and other buildings. It is utilized in high-performance coatings such as industrial, marine, and automotive coatings. This type of coating is considered to be more sustainable than organic pigments. The various use of inorganic pigments will help to grow the market higher in the future.

Here are some of the restraining factors that are increasing opportunities for Inorganic Plastic Pigments market growth:

Government rules and regulations related to plastic recycling:

Government rules and regulations related to plastic recycling can restrain the growth of the inorganic pigment in several ways. Stricter recycling regulations can lead to increased costs for companies that manufacture and use inorganic pigments. This is because they will need to invest in new equipment and processes to comply with regulations. The European Union banned several single-use plastics including straw plates. This ban is expected to lead to a reduction in the demand for inorganic pigment, as this plastic is often used in the production of these products.  The Indian government has introduced new rules for plastic waste management. These rules require manufacturers to use recycled plastic in their products. For this, all rules and regulations are affecting the market and it has become a hindering factor in market growth.

Conclusion:

Inorganic pigments have several advantages over organic pigments. They are more durable, have a wide range of colors, and are less expensive. The growing building and construction industry and surging demand for inorganic pigment in paints and coatings are the driving factors for the market growth. Government rules and regulations related to plastic recycling hinder the Inorganic Pigments Market growth.