Pigments Market 2018; Registering a CAGR of 4.0% by 2023 | The Chemours Company, Huntsman Corporation, BASF SE, Lanxess AG, Clariant AG, Altana AG, DIC Corporation

Pigments, otherwise known as colorants, have been an imperative part of our day-to-day life. In the coming years, the pigments market is envisioned to expand profitably in terms of demand, making capital out of progressing end-use industries such as paints & coatings, printing inks, construction materials, and plastics. When pigment is a natural product extracted from animals, plants, and minerals as per the traditional approach, recent advancements in technological frontiers have created immense scope for synthesizing petrochemical sources. The manufacturers of pigments are introducing products which offer unprecedented results in terms of color strength, heat resistance, opacity quotient, and durability. These insights are gleaned from a new report, titled “Pigments Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2023,” recently added to the exhaustive repository of Market Research Reports Search Engine (MRRSE).

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Pigments Market- Paints and Coatings Applications to Register for a Hefty Demand

Since the recent past, a momentous growth has been witnessed by the paints and coatings industry, primarily from emerging economies. The colossal industrial development recorded in the emerging economies has introduced a multitude of opportunities, thereby supporting growth of the market. The per capita consumption of paints is envisaged to intensify across countries such as India, China, South Korea, Singapore, ASEAN, and GCC at a pretty impressive pace. This, in turn, will subsequently spur the revenues of pigments market in the aforementioned countries.

Pigments Market- Developed Economies to Disappoint in terms of Demand

Though the global pigments market will continue to tap substantial opportunities in the developing countries in the light of flourishing construction sector, the prospects of this market are more or less saturated in the emerged economies. This saturation will make the emerged countries to lag behind in terms of demand register as compared to that of the developing countries. The developed countries are expected to contribute limitedly to the growth of pigments market, especially for new entrants looking forward to an exponential expansion. Also, uncompromising regulations implemented pertinent to control of adverse effects of emissions from pigments are poised to fetter the growth curve.

A massive demand for paints is expected to two sectors: Industrial and Decorative. Since the emerging countries are providing substantial scope for construction and infrastructural development, the use of decorative paints in these regions is relatively higher. Consumer good and automotive sectors are collectively driving the demand for industrial paints. The aforementioned factors are estimated to significantly rev up colossal opportunities for pigments market in Asia Pacific.

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Pigments Market- Competitive Dynamics

A number of companies operating in this market have been profiled for their foothold in the market. Other factors such as business profile, products & services, key brands, and industries the companies are catering to have also been taken into account in order to include them in the report. Some of the key brands included are Altana AG, BASF SE, Carl Schlenk AG, Cathay Industries Group, Clariant AG, CRISTAL, DIC Corporation, Ferro Corporation, Huntsman Corporation, ISHIHARA SANGYO KAISHA, LTD. (The ISK Group), Lanxess AG, Meghmani Group of Industries, Merck Group

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