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Pigments Market to Witness 6.8% CAGR During 2016 – 2022 Top Key Players Are BASF, Lanxess AG, Huntsman Corporation, Clariant And Others
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the global pigment market has been segmented into inorganic pigments, organic pigments, and others which are further segmented into their subtypes. The inorganic segment accounted for the largest market share among the other types in the global pigments market in 2015. The major factors driving the growth of the inorganic color pigments consumption include growth in urbanization, developing new application areas for paints and coatings, building materials, and plastics. The pigment market is anticipated to witness major growth in developing countries, owing to rise in income levels.
Asia-Pacific held the largest share in the global pigment market with 38.6% share in terms of value and 38.3% in terms of volume. The rapid urbanization and growing industrial development are expected to be the factors contributing to the growth of the market particularly in China, India and Indonesia. North America is expected to witness steady growth, while Europe is expected to witness slow growth rate, owing to decline in infrastructure activities. Middle East & Africa is expected to grow significantly, owing to the rapid growing construction industry.
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Some of the major competitors in the global pigment market include BASF SE E.I. du Pont de Nemours and Company, Lanxess AG, Huntsman International LLC., Sun Chemical Corporation, Zhejiang Longsheng Group Co. Ltd., Clariant International Ltd., ECKART GmbH, Dainichiseika Color & Chemicals Mfg. Co. Ltd., Kronos Worldwide Inc., and others.
GLOBAL PIGMENT MARKET SEGMENTATION
By Type
Organic pigment
Azo
Phthalocyanine
High Performance
Others
Inorganic Pigments
Titanium Dioxide
Carbon Black
Cadmium Pigments
Iron Oxide
Others
GEOGRAPHICAL SEGMENTATION
North America
U.S.
Canada
Rest of North America
Europe
Germany
U.K.
France
Spain
Italy
Russia
Rest Of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Middle-East
Africa
Others
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