The Pigments Market is expected to be worth US$ 22 Billion By 2027

 


Pigments are a class of compounds that are highly colored and are used to color other materials. They absorb light of a specific wavelength and then emit different colors via reflection or transmission. Pigments are used to enhance a substrate's appearance or add color to the medium in which they are used. Organic and inorganic pigments are both possible. Organic pigments are made up of carbon chains and rings. They may, however, contain metallic elements that aid in the stabilization of the organic component's properties. Inorganic pigments are typically precipitated metallic salts from solutions.

Inorganic pigments have larger particle sizes than organic pigments. Pigments can add a wide range of colors to paints, coatings, plastics, inks, and other materials while improving their aesthetic properties. These improve opacity, hiding power, light and weather fastness, heat stability, and tinting strength.

Growth in end-user industries, rising demand for high-performance pigments (HPP), and rising preference for environmentally friendly products are the major driving factors in the pigments market. Pigments are used in a wide range of applications, including paints and coatings, textiles, construction, printing inks, and plastics Because of expanding infrastructure, the paints, and coatings industry is experiencing significant growth. Global demand for paints and coatings is expected to grow at a CAGR of 5.4 percent over the next five years, according to industry estimates.

Raw material price volatility, global overcapacity, and environmental concerns are restraining the growth of the pigments market. Some of the trends observed in the pigments market include the relocation of manufacturing facilities from the United States and Europe to India, China, and Taiwan, as well as a growing preference for eco-friendly products.

Asia-Pacific holds the largest share of the pigments market. This region is a key market for the production of dyes and pigments. India and China are important countries in the Asia-Pacific region that are contributing to the growth of the pigment market.

The global pigments market is highly fragmented, with players of comparable size and market share. Because of the presence of an integrated value chain, established players are expected to compete fiercely.

Pigment market manufacturers include the following:-

  •     Altana AG
  •     BASF SE
  •     The Chemours Company
  •      Lanxess AG
  •      Clariant AG
  • The DIC Corporation.

Based on the applications:-

  • Paints & Coatings
  • Plastics
  • Constructions
  • Paper & Specialty
  • Printing Inks
  • Others

Based on the color index:-

  • Reds
  • Phthalocyanine  Blue and Greens
  • Yellows
  • Orange
  • Red
  • Brown
  • Others

Based on the Geographically:-

  • North America
  • Europe
  • Asia-Pacific
  • ROW

 

 

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