Pigments Market Growth by Key Players: BASF SE, Tronox Inc., Huntsman Corporation, Lanxess AG, Clariant Corporation and DIC Corporation

The application scope of pigments market seems to growing significantly by the day, pertaining to the rise in research and development activities. Most of the renowned biggies in pigments industry are lately found to be constantly investing in product advancements and innovations for improving their portfolio, with the help of which they are looking forward to substantially expanding their customer base in the forthcoming years. On these grounds, many companies have also established their research centers across several geographies, in a bid to help them resolve customers’ problem associated with the products and optimize future demand.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/742

How DIC Corporation has been contributing toward pigments market:

A few days earlier, the Japanese chemical company, DIC Corporation established its first Pigment Technical Center in Southeast Asia. The facility is located at its Karawang Plant base in Indonesia where it has been producing phthalocyanine blue pigments for quite a while now. This general-purpose pigment, primarily used in plastics and printing inks, has met with an increased demand lately with changing living standards and rising environmental concerns. In addition, the growing consumption of this product across the automotive sector and other infrastructure related applications has prompted DIC Corporation to optimize the product configuration.

Enumerating BASF’s role in augmenting the revenue graph of pigments industry:

The world’s largest chemical producer, BASF invested EUR 15 million in the capacity expansion of its effect pigments manufacturing plant in Germany. With this investment BASF is looking forward to enhancing its effect pigments production capacity by more than 30% by the end of 2020, owing to its surging demand. This strategic capacity expansion will help BASF achieve a leading position as a supplier of aluminum-based effect pigments, which are prominently used to generate high-quality trendy coatings.

Unveiling Clariant’s strong stance in the global pigments market:

The rise in product demand has encouraged numerous giants in pigments industry to implement myriad business strategies, which would help them enhance their customer base. Validating the aforementioned fact, a few years before, the Switzerland headquartered chemical company, Clariant had signed a deal with a member of the Safic-Alcan Group, Interplast to distribute its pigment products across Turkey. Through this agreement, Clariant was looking forward to extending its reach in Turkey coatings market with the help of Interplast.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/742

Partial Chapter of the Table of Content

Chapter 5. Pigments Market, By Application

5.1. Global pigments market application insights

5.2. Paints & coatings

5.2.1. Market estimates and forecast, 2014 - 2025

5.2.2. Market estimates and forecast by region, 2014 - 2025

5.3. Printing inks

5.3.1. Market estimates and forecast, 2014 - 2025

5.3.2. Market estimates and forecast by region, 2014 - 2025

5.4. Plastics

5.4.1. Market estimates and forecast, 2014 - 2025

5.4.2. Market estimates and forecast by region, 2014 - 2025

5.5. Construction materials

5.5.1. Market estimates and forecast, 2014 - 2025

5.5.2. Market estimates and forecast by region, 2014 - 2025

5.6. Others

5.6.1. Market estimates and forecast, 2014 - 2025

5.6.2. Market estimates and forecast by region, 2014 - 2025

Browse Full Report @ https://www.gminsights.com/industry-analysis/pigments-market

Paints & coatings industry generated the maximum revenue for pigments market in 2017. This application segment is slated to witness maximum gains in overall colorant market during the forecast period. Printing inks is also an important application of pigments market. These pigments are used in printing inks to create product packaging that attracts consumer attention and differentiates manufacturers’ products competing for shelf-space in retail establishments.

Asia Pacific led the global pigments market in 2017 in terms of volume and revenue. Steadily growing construction industry in Asia Pacific will be chiefly driving the product demand over the next few years. The rise in per-capita income of consumers particularly in BRICS has resulted in increased spending in real-estate industry, which has fueled construction industry growth in these countries. This will augment colorant demand in construction over the forecast timespan.

BASF SE, Tronox Inc., Huntsman Corporation, Lanxess AG, Clariant Corporation and DIC Corporation are major market players in pigments industry. Mergers & acquisitions is a very common strategy in colorant market. For instance, in November 2015, Merck Group acquired Sigma-Aldrich for USD 17 billion.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

This release was published on openPR.