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Pidilite Industries Limited New Study On Pigments Market Growth $18 Bn by Major Companies Merck Group, LANXESS, Ferro Corporation, Huntsman Corporation, BASF, Cristal, Clariant Industry Analysis Report 2019-2025
China Pigments Market Size, By Product, 2014 - 2025 (USD Million)
German chemical giant BASF has recently come up with its latest breakthrough product in pigments market. The globally acclaimed player has unveiled a revolutionary stir-in-pigment that claims to offer enhanced color depth, sparkle, and flop for automotive coatings applications. Christened as eXpand!™ Red (EH 3427), this groundbreaking pigment technology is reportedly the first pigment resulting from the strategic partnership between BASF and Landa Labs, which got through last year. Launched at the American Coatings Show this year, the full-fledged commercialization of the technology is certain to bring forth a disruption of sorts in the automotive coatings landscape. Not only this, the latest innovation is also claimed to have added a dynamism to the competitive terrain of the pigments market.
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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.
Asia Pacific rotomoulding powder market will witness CAGR over 17% by revenue in the forecast period 2018 to 2024. Surging residential & commercial infrastructure owing to the growing population coupled with rising income levels will escalate the product demand in various applications. For instance, as per the PwC report on Emerging Trends in Real Estate in 2018, senior housing accounts for 16%, student housing accounts for 14% and business parks accounts for 14% market share.
Europe rotomoulding powder market accounted over USD 2 billion in 2017. Rapid growth of the electric vehicles segment in the automotive industry owing to the increasing environment conservation concerns will propel the rotomoulding powder business growth. For instance, as per the article in Euractiv in May 2018, average emission for new cars will fall 30% under the European Commission’s first light vehicle proposal. Key incentives will be offered to the manufacturers to produce more zero-emission electric vehicles.
Key rotomoulding powder market players include Green Age Industries, Broadway Colours, Du Pont, Pacific Poly Plast, Matrix Polymers, A. Schulman, Inc. and Phychem Technologies Pvt. Ltd., Reliance Industries Limited. Other prominent market players are D&M Plastics, Kiel Industries, BASF, The Dow Chemical Company, SABIC, Exxon Mobil, and Lyondell Basell. Business strategies including mergers and acquisitions coupled with various joint venture opportunities will further strengthen the global presence with strong foothold. For instance, German company BASF SE will complete its USD 1.88 billion acquisition of Solvay SA’s nylon business in 2018.
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Speaking along similar lines, in a bid to sustain in the fiercely competitive scenario, some of the contenders of pigments industry share are also focusing on strengthening their distribution network for a better market hold. Terra Firma’s recent expansive partnership with Ferro’s Pigment Division is an exemplar precedent depicting the same.
Reportedly, the U.S. based pigment supplier has chosen Terra Firma to represent its full product lines across Southeast, in effect from July this year. The private equity firm would be also distributing Ferro’s recently acquired Cappelle line of technologies across the Southeastern and Northeastern belt of U.S, effective from August this year. Allegedly, the deal encompasses Ferro’s full dry pigment range that include Nubiola, Ferro, and Cappelle. The deal, as per experts’ opinion, would substantially enhance Ferro Pigment Division’s stance in the global pigments market.
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
Since half a decade or so, emerging countries of Asian belt like China, India have been observing a heavy onslaught of investments in construction and automobile domains, a factor that has had a rather appreciable influence on APAC pigments industry. Experts predict that the trend is likely to remain synonymous over the ensuing years, primarily on account of the rise in disposable incomes of the consumers and the increased investments in real-estate sector.
The surge in demand for advanced pigments across Asia Pacific turf may be also credited to the robust growth in paints & coatings sector across nations like Japan, Malaysia, and Indonesia. All in all, it would be apt to state that Asia Pacific, backed by a lucrative end-use portfolio, has emerged to be an opportunistic investment spot for pigments industry giants.
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
Despite having a strong demand graph ahead, there are certain challenges restraining the pigments market growth – the major one being the product’s fluctuating price trends. Since most of the raw materials used in pigment production are mainly petroleum derivatives or carbon based, inconsistency in oil & natural gas prices leaves a major impact on pigments industry dynamics.
Browse key industry insights report, “Pigments Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/pigments-market
Another prominent growth restraining factor is the hazardous impact of some of the colorants like cadmium, lead sulfochromate, and molybdate sulphate on human health and environment. Amidst this backdrop, the impact of regulatory framework on pigments market landscape is a major trend to watch for, given the product’s correlation with the health and environment. These dynamics are deemed to disrupt the product, competitive, and application landscape of pigments industry, which is anticipated to be along one of the most fragmented business spaces of recent times. In terms of renumeration, the global pigments market share is forecast to surpass USD 18 billion by 2025.
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