Pigments Market Share Trends to 2024 by Top Players | BASF, Clariant, Cristal, Merck Group, LANXESS, LANXESS Americas, Ferro Corporation, Huntsman Corporation, Pidilite Industries Limited, Tronox

Pigments market shall witness promising gains during the forecast period owing to its rising demand in construction industry. Concrete is an indispensable part of construction industry, which is produced from cement. Iron oxide is primarily used for coloring concrete. In 2017, U.S. cement production was 86.3 million tons up from 85.0 million tons in 2016. Furthermore, it is likely to witness prominent growth rate during the forecast period, owing to the increased spending from U.S. government on public infrastructure, which will positively influence pigments market in the coming years.

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Pigments Market size is forecast to exceed USD 18 billion by 2025; according to a new research report by Global Market Insights, Inc. The colorant market is majorly regulated by environmental and construction organizations. There are various safety concerns regarding pigments handling and storage. For example, iron oxide black contains bivalent iron and may undergo oxidation, leading to an exothermic reaction. It is kinetically restricted and is only initiated at elevated temperatures. For this reason, the storage temperature of the product should not exceed 80°C. Also, chemicals such as quinacridone are highly insoluble in water and organic solvents, which makes its biodegradation process very slow. Furthermore, increasing regulations favoring low volatile organic compounds (VOC) as ingredient in paints & coatings has impacted global pigments market size.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. BASF
2. Clariant
3. Carl Schlenk AG
4. Cristal
5. CATHAY INDUSTRIES AUSTRALASIA PTY LTD
6. Tronox
7. TOMATEC AMERICA INC.
8. Pidilite Industries Limited
9. Merck Group
10. LANXESS
11. LANXESS Americas
12. Ferro Corporation
13. Huntsman Corporation
14. DIC Corporation

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Pigments such as iron oxide have gained importance in the construction industry in past few years due to its pure hue and tinting strength. Hence, iron oxide consumption is higher in the building materials industry. They are chiefly used in paving blocks, chequered tiles, stamped concrete and designer tiles. One of the most important applications of pigment in construction industry is concrete colorization due to its high dispersibility and superior tinting properties. Just by varying proportion and quantity, color differentiation can be brought about in concrete materials.

Specialty pigments will witness substantial growth during the forecast period, owing to its unique properties which are irreplaceable by organic or inorganic alternatives. These provide metallic tones and other special effects such as color-shifting that are increasingly popular in a broad range of consumer products.

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.


Pigments market, product by application
o Inorganic
• Paints & coatings
• Printing inks
• Plastics
• Construction materials
• Others
o Titanium dioxide
• Paints & coatings
• Printing inks
• Plastics
• Construction materials
• Others
o Iron oxide
• Paints & coatings
• Printing inks
• Plastics
• Construction materials
• Others

Pigments market by application
o Paints & coatings
o Printing inks
o Plastics
o Construction materials
o Others

Browse key industry insights spread across 784 pages with 1407 market data tables & 21 figures & charts from the report, “Pigments Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/pigments-market

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.

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