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Pigments Market Share, Forecast , Business Growth, Trends by 2025 | Top Key Players - Merck Group, LANXESS, Ferro Corporation, Pidilite Industries Limited, Huntsman Corporation, BASF, Cristal, Clariant
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.
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Endorsed by a massive end-use spectrum, the potential of global pigments market is being increasingly recognized by international chemical industry players. The extensive requirement of corrosion inhibition and color imparting across a plethora of expanding domains such as construction, paints & coatings, printing inks have led to a spike in demand for high performance specialty pigments. In consequence, this has also prompted companies partaking in pigments market to continually bring about innovations that could potentially disrupt the business dynamics.
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.
Industry impact forces
• Global drivers
• Regional drivers
• Industry pitfalls & challenges
Pigments market by application
o Paints & coatings
o Printing inks
o Plastics
o Construction materials
o Others
Pigments market, product by application
o Inorganic
o Titanium dioxide
o Iron oxide
o Cadmium pigments
o Carbon black
o Chromium oxide
o Others
o Organic
o Azo
o Phthalocyanine
o Quinacridone
o Others
o Specialty
o Classic organic
o Metallic
o High performance organic
o Light interference
o Complex inorganic
o Fluorescent
o Luminescent
o Thermochromic
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
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.
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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.
Browse key industry insights report, “Pigments Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/pigments-market
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.
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