Pigments Market : Global Analysis, Emerging Growth Factors, Investment Analysis and Forecasts to 2022

Pigments Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $26,598 million by 2022, growing at a CAGR of 4.1% during the period 2022.The global pigments market was valued at $20,023 million in the year 2015 with major revenue contributor from paints & coatings application segment. Asia-Pacific holds the leading position in the global market in 2015, and is expected to maintain its lead throughout the study period

Growth of the automotive and construction material industry is expected to fuel the market growth during the forecast period. High adoption of specialty pigments in flexible packaging, increasing demand for customization and personalization of products, the market growth of end user industries and growing awareness regarding sustainable environment drive the world pigments market.

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Advancements in the nanotechnology and ongoing trend of developing sustainable organic pigments from renewable feedstock are expected to offer major opportunities to the world pigments market. Stringent regulations implemented by government organizations to check the compliance of pigments with proposed standards to minimize environmental issues and prevent volatility in the pricings of raw materials are expected to affect the growth of the world pigments market during the forecast period.

Pigments are added in paints & coatings to impart colors, improve their quality, and performance. It controls bleeding of paints, and does not blend into other color layers. They are less susceptible to environmental factors and oxidizing gases, and exhibit UV resistant properties due to their high refractive index. They can withstand high temperature, light, abrasion, moisture, acids, alkalis, and other chemicals.

Key findings of the Pigments Market:

• Pigments in paints & coatings application segment occupied the highest share in 2015, and is expected to grow at a CAGR of 4.6% in terms of value during the forecast period.

• China is the leading consumer of pigments accounted for three-fifths of the Asia-Pacific market, followed by India

• The titanium dioxide pigment segment is expected to expand with the highest CAGR of 4.1% in the inorganic pigments type segment in terms of value during the forecast period.

• U.S. is the leading market for pigments in the North American region, growing at a CAGR of 4.2% in terms of value during the forecast period.

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Advancements in the nanotechnology and ongoing trend of developing sustainable organic pigments from renewable feedstock are expected to offer major opportunities to the world pigments market. Stringent regulations implemented by government organizations to check the compliance of pigments with proposed standards to minimize environmental issues and prevent volatility in the pricings of raw materials are expected to affect the growth of the world pigments market during the forecast period.

Top key players :

• The Shepherd Color Company
• Clariant International Ltd.
• Huntsman Corporation
• DIC Corporation
• ECKART GmbH
• BASF SE
• Cabot Corp.
• Sudarshan Chemical Industries Ltd.
• Heubach GmbH
• Ferro Corporation.

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