Press release
Pigments Market To Attain A Worth Of US$31.9 billion by 2023
Pigments are compounds that impart colors by transmitting or reflecting absorbed light of selected wavelengths. Besides coloration properties, pigments help to improve several functional features such as hiding power, opacity, transparency, light fastness, and durability. Pigments are widely employed in various end-users industries such as paints & coatings, printing inks, plastics, construction materials, personal care, and paper. Synthetic pigments are broadly classified into three major product segments: inorganic, organic, and specialty pigments. Inorganic pigments dominated the pigments market in the recent past. In terms of volume. Asia Pacific accounted for the largest share of the pigments market in 2017, followed by North America and Europe. Asia Pacific is expected to be the largest consumer of pigments during the forecast period.
The report estimates and forecasts the pigments market on the global, regional, and country level. The study provides forecast between 2017 and 2023 based on volume (kilo tons) and revenue (US$ Mn). The report comprises an exhaustive value chain analysis for each of the product segments, which provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the pigments market along with their impact on demand during the forecast period. The report analyzes opportunities in the pigments market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources.
Global Pigments Market: Key Research Aspects
The report includes Porter’s Five Forces Model to determine the degree of competition in the pigments market. The report comprises a qualitative write-up on market attractiveness analysis, wherein end-users and countries have been analyzed based on attractiveness. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report includes price trend analysis for inorganic, organic, and specialty pigments between 2017 and 2023.
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The study provides a comprehensive view of the pigments market by dividing it into product segments such as inorganic, organic, and specialty pigments. These product segments are further bifurcated into various sub-segments. In terms of end-users, the pigments market has been segmented into paints & coatings, printing inks, plastics, construction materials, and others. Product segments and end-user segments have been analyzed based on historic, present, and future trends, and the market has been estimated between 2017 and 2023 in terms of volume (kilo tons) and revenue (US$ Mn).
Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.
Global Pigments Market: Regional Analysis
Regional segmentation includes the current and forecast demand for pigments in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for application segments. Key countries such as the U.S., Germany, Italy, the U.K., France, Spain, China, India, Brazil, and South Africa have been included in the study. Market segmentation includes demand for individual applications in all the regions and countries.
Global Pigments Market: Competition Matrix
The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include The Chemours Company, Huntsman Corporation, BASF SE, Lanxess AG, Clariant AG, Altana AG, and DIC Corporation. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview.
Segmentations of Pigments Market
By Product:
Inorganic Pigments
Titanium Dioxide
Iron Oxide
Cadmium
Carbon Black
Chromium Compounds
Organic Pigments
Azo
Phthalocyanine
Quinacridone
Specialty Pigments
Classic Organic
Metallic
High Performance Inorganic
Light Interference
Complex Inorganic
Fluorescent
Luminescent or Phosphorescent
Thermochromic
By End User:
Paints & Coatings
Printing Inks
Plastics
Construction Materials
Other
By Geography:
North America
Europe
AsiaPacific
Latin America
Middle East & Africa
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Table of Contents
Chapter 1 Preface
Report Description
Research Scope
Assumptions
Market Segmentation
Research Methodology
Chapter 2 Executive Summary
Global Pigments Market, 2014–2023, (Kilo Tons) (US$ Mn)
Pigments: Market Snapshot
Chapter 3 Pigments Market – Industry Analysis
Introduction
Value Chain Analysis
Inorganic Pigments
Organic Pigments
Specialty Pigments
Market Dynamics
Drivers
Driver 1 – Increasing Consumption of Paints & Coatings in Major End-user Segments
Driver 2 – Augmented Production and Consumption of Plastics
Restraints
Restraint 1 – Stringent Environmental and Health Regulations Associated with Pigments Industry
Opportunity
Opportunity 1 – Emergence of Nanotechnology in Pigment Development Process
Porter’s Five Forces Analysis
Bargaining Power of Suppliers
Bargaining Power of Buyers
Threat of New Entrants
Threat of Substitutes
Degree of Competition
Pigments: Market Attractiveness Analysis
Market Attractiveness Analysis, by Inorganic Pigments
Market Attractiveness Analysis, by Organic Pigments
Market Attractiveness Analysis, by Specialty Pigments
Market Attractiveness Analysis, by End-user
Company Market Share – Global Inorganic Pigments Market (%) (2014)
Company Market Share – Global Organic Pigments Market (%) (2014)
Company Market Share – Global Specialty Pigments Market (%) (2014)
Chapter 4 Raw Material and Price Trend Analysis
Raw Material Analysis – Manufacturing/Extraction Process
Pigments Price Trends, 2014–2023 (US$/Ton)
Chapter 5 Global Pigments Market – Product Segment Analysis
Global Inorganic Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Titanium Dioxide Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Iron Oxide Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Cadmium Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Carbon Black Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Chromium Compounds Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Other Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Organic Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Azo Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Phthalocyanine Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Quinacridone Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Others Organic Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Specialty Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Classic Organic Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Metallic Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global High Performance Organic Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Light Interference Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Complex Inorganic Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Fluorescent Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Luminescent/Phosphorescent Inorganic Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Thermochromic Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
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