Global Paint Pigments Market 2018-2023 Global Industry Analysis by Top Key Players - BASF SE, Dow Chemical Company, Huntsman Corporation, Nippon Kayaku Company, Cabot Corporation

Paint Pigments Industry report offers a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures. On the basis of product, this report displays the Cost Structure, Sales Revenue, Sales Volume, Gross Margin, market share and growth rate.

Paint Pigments Market is predicted to grow at approximately 4.8% by 2022

Paint Pigments Market Top Key Players Analysis:
BASF SE, Dow Chemical Company, Huntsman Corporation, Nippon Kayaku Company, Cabot Corporation, Clariant, Sensient Technologies, Synthesia, Shanghai Road Dyestuffs & Chemicals, Evonik Degussa, Ei Dupont De Nemours, Dic Corporation and others.

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Paint Pigments Market Drivers:
The market is majorly driven by the increase usage of its application industries such as residential coating, architectural products, and industrial coatings, specialty coatings and others. Industrial coating is bifurcated into automotive, consumer products, aerospace. As per analysis, the global paint & coating market is boosting the overall market which in turn has created a platform for paint pigment manufacturers to cover the overall market. Seeking this kind of opportunities, there will be an ample scope for the domestic as well as international players to introduce new product launch and opportunities for the new entrants. Due to its properties such as cost effectiveness, consistency and unique shades, good stability to solvents, non-toxic and others are boosting this industry.

Paint Pigments Market Highlights:
Over the past few years, the global market has seen a remarkable growth in demand of paint pigment market, owing to this, it has been estimated that the global market will grow a higher growth rate at the end of forecasted period. As per the market analysis, factors which have created boom in the global paint pigment market are cost effectiveness, consistency and unique shades, good stability to solvents, non-toxic and others as well.

Paint Pigments Regional Analysis:
APAC will be the leading market
APAC will be the dominating market for global paint pigment, accounting for more the 38% market share by 2022. This share is attributed to the growing demand from application segment, emerging economies, urbanization and increasing spending on infrastructure.

Paint Pigments Market Research Analysis:
It is expected that the market will growth rate at a CAGR of approximately 4.8% during the forecast period. The current challenge for the market is the unavailability of skilled labor, labor safety and fluctuating material costs. The growing population and urbanization in the emerging economies with increasing need for infrastructure in the region is driving the market of paint pigment over the next five years, especially in APAC. The residential coating is estimated to be the leading application segment.

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