Growth Opportunities in Global Pigments Market Projected to Surpass Valuation of US$31.9 billion by 2023-End

A comprehensive study, titled “Pigments Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2023” has been recently added to massive database of Market Research Hub (MRH), which is an in-depth research that includes insights acquired from complex information, benefitting the business of clients. A significant amount of reliable and precise market data is formed into an actionable and clear insight, enabling clients in formulating their plans or making crucial business decisions.

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Initially, the research provides information related to the market development in the past few years and future growth prospects. In addition, a thorough qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market summary section. Pigments are intensely colored loose powders, which have been an integral part of our day-to-day life for several decades. Considering the current market scenario, analysts find that the demand in the pigments market will continue to expand profitably in the coming years, feeding-off the prosperity of its numerous end-use industries such as paints and coatings, printing inks, construction materials, and plastics.

Key Highlights from the Study

According to the research prime findings, the global demand in pigments market projected to multiply at a notable CAGR of 4.0% during the forecast period of 2017 to 2023. In terms of revenue, the global pigments market is anticipated to accomplish a value of US$31.9 billion by 2023, considerably more than the market’s evaluated worth of US$25.4 billion as of 2017. This growth witnessed by the paints and coatings industry in the recent past has been remarkable in key countries from emerging economies.

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For the purpose of providing a clear scenario of the market, the pigments market has been segmented into three categories: product, end-use, and geography. In terms of geography, prime regions emphasized in the study are North America, Europe, Latin America Asia Pacific, Middle East & Africa (MEA), these are analyzed in terms of market revenue. According to the research, the global pigments market is generating a high volume of demand from the emerging economies of the world, especially from the Asia Pacific.

By product type, the study covers inorganic, specialty and organic pigments. On the basis of end-user, the study highlights construction materials, paints & coatings, plastics, printing Inks and others. Pigments play a key role as colorants in the formulation of paints & coatings, therefore this segment accounted for maximum revenue share in this overall market.

The final section of the report deals with the competitive landscape which outlines the key players that are operating in the pigments market along with details such as business positioning, financial standing, and SWOTs. Key players mentioned in the study are The Chemours Company, Huntsman Corporation, BASF SE, Lanxess AG, Clariant AG, Altana AG, and DIC Corporation.

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This release was published on openPR.