Pigments Market Cost structure along with Industry’s Competitive Landscape

Effect pigments exhibit superior properties which are very useful in automotive industry. Effect pigments possess brilliant luster and Chroma, reflection coupled with interference, enhanced orientation, reduced opacity, overall appearance, and durability which makes it ideal for automotive sector. Publisher’s market research report has identified increased demand for effect pigments and solar reflective pigments as one of the primary factors that will fuel the growth of the pigments market in the coming years. The solar reflective pigments are gaining traction as they can counter the heat island effect in urban areas. These pigments can upgrade passenger comfort and help in convection cooling. These factors are majorly responsible for increasing the demand for pigments. Publisher’s market research analysts predict that this global market will register a revenue of more than USD 35 billion by 2021.

The increased demand for pigments with functional benefits is one of the key trends that will gain traction in the pigments market during the next few years. Inorganic pigments find applications in upgrading aesthetics and functional values in both paints and plastics. Inorganic pigments protect buildings against bad weather conditions, dampness, corrosion, fungi, and other destructive influences. Moreover, few inorganic pigments also act as plasticizers and provide functional benefits such as light reflection, opacity, and gas and vapor barrier in addition to providing heat-reflecting properties.

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Competitive landscape and key vendors

The pigments market appears to be fragmented due to the presence of both international and regional players. These vendors are focusing on enhancing their product offerings and increasing their customer base by adopting various marketing and advertising strategies. The market is competitive and the pigments manufacturers mainly compete based on factors such as price, innovation, quality, performance, and customer service.

The leading vendors in the market are-

BASF

DIC

Ferro

Heubach

LANXESS

The other prominent vendors in the market are Clariant, CRISTAL, Dainichiseika Color & Chemicals, DuPont, ECKART, Huntsman International, Kronos, LANSCO COLORS, and Tronox.

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