Pigments Market Overview:
The pigments market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.
The Pigments Market Report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The Pigments Market Report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, future strategies, acquisitions & mergers, and market footprint.
The global Pigments Market Report has been segmented based on product type, application, and region. This report is based on the synthesis, analysis, and interpretation of various sources of information gathered regarding the target market.
Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
Pigments are solid materials that improve appearance or impart color to the substrate on which they are applied. The pigment is insoluble material incorporated by mixing them via a proper medium.
Pigments have high tinting strength as compared to other materials added to the mixture. Pigments have three major functions: impart color to medium, hide substrate, efface existing color, and enhance the strength of paint film.
The global pigments market is widely classified into specialty, organic, and inorganic pigments. Organic pigments include carbon atoms that are non-toxic or have a low level of toxicity, therefore are safe for the environment.
Organic pigments are obtained from petroleum distillates, coal tar, succinic acid, phthalonitrile, and aniline. These pigments offer high color strength and high durability and are available in a wide range of fresh colors, such as green, yellow, blue, orange, and red.
Pigments are chemically inert and are less opaque. There are different types of organic pigments, such as phthalocyanine, azo, quinacridone, and others.
The global pigments market growth is primarily attributed to increasing demand from the automotive sector and increasing demand from the paints and coatings industries.
Growth in the automotive coatings industry is projected to drive growth of the pigments market owing to its features to protect parts of the vehicle from harsh environmental effects or weather conditions which may lead to corrosion of material, stone chips, car washing, and UV radiation, blowing sand, and others.
However, stringent government regulations and fluctuating raw material prices are major restraining factors estimated to hamper the growth of the global pigments market over the forecast period.
The target audience for the global pigments market includes industry associations, pigments producers, pigments traders, pigments suppliers, pigments distributors, government and research organizations, industrial, association bodies, raw material suppliers, pigments distributors, and others.
Asia Pacific pigments market is expected to account for a major share in terms of revenue in 2017 in the global market and is anticipated to maintain its dominance over the forecast period, owing to rising demand for pigments from various automotive manufacturing industries in countries in this region.
Asia Pacific pigments market is also projected to register the fastest growth in terms of revenue in the next five years.
Pigments Market Segmentation:
Segmentation by product type:
- Organic Pigments
- Inorganic Pigments
- Specialty Pigments
Segmentation by application:
- Paints and Coatings
- Construction Materials
- Printing Inks
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- The Shepherd Color Company
- Huntsman Corporation
- DIC Corporation
- ECKART GmbH
- BASF SE
- Cabot Corporation
- Sudarshan Chemical Industries Limited
- Heubach GmbH
- Ferro Corporation
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