Pigments Market 2019 - Paints and coatings sector has been stimulating the global industry

Global Pigments Market share is slated to exceed USD 21 billion by 2026. A steady rise in the demand for paints and coatings will drive pigments market trends over the forecast timeframe. There has been a boom in construction activities and the automotive sector across the Asia Pacific region, which will stimulate the demand for effective surface protection through coatings fueling the consumption of suitable pigments. A major rise in environmental concerns has resulted in various regulations pertaining to use of health-hazardous products.

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These laws have boosted the demand for organic pigment across the industry to avoid products with high VOC content. The digital printing industry has been witnessing a steady rise and is projected to spur the demand for printing ink over the coming years. The key players outlining the competitive dynamics of pigments market hold more than 70% of the share globally.

Companies undertake various strategic acquisitions as well as have constant mergers that help expand their product portfolio, increase production capacities and expand their customer reach.
This growth will be primarily attributed to the rising demand for paints and coating in the automotive as well as constriction.

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

1. BASF
2. Cristal
3. Clariant
4. Carl Schlenk AG
5. CATHAY INDUSTRIES AUSTRALASIA PTY LTD
6. Tronox
7. Tokan Material Technology Co., Ltd.
8. Pidilite Industries Limited
9. Merck Group
10. LANXESS
11. Ferro Corporation
12. Huntsman Corporation
13. DIC Corporation

The paints & coatings segment had generated the highest demand for pigments in 2018 and is expected to register a growth of more than 5% between 2019-2026. With the rise in 3D printing technology, the printing ink sector will witness a notable growth over time. Additionally, there has been a rise in the adoption of eco-friendly inks like water-based inks and UV-cured inks which will have a positive influence on pigments market outlook.
With the mounting environmental concerns, there have been increasing investments in the R&D activities to look for organic alternatives. Cut-throat competition in the industry will also help accelerate the evolution of the printing industry in the future. This type of healthy and steady growth in the market will drive the demand for pigments in the next few years.

Governments have laid down strict regulations against the use of pigments within the printing and food packaging sectors owing to the presence of toxic elements in few pigments like lead-based and cadmium-based. For example, the Europe Directive 94/62/EC essentially refers to the heavy metal content in packaging and components of packaging. The overall content of 4 heavy metals, namely, Pb, Hg, Cr (VI) and Cd must not surpass 100 ppm.
There has been a rise in the demand for plastics due to their low price and lightweight properties that will further boost the demand for pigments across the plastic sector. As per the Plastic Europe Trade Association, the output for plastic had risen from 245 million tons in 2006 to more than 348 million tons in the year 2017.

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China proved to be the largest user of plastic and held a market share of more than 29% in 2017. This was on account of a steady rise in industrialization which resulted a rising need for plastic for a cost-effective production within the country. Rising consumption of plastic in China would result in an augmented pigments market share.

Major Point From Table Of Content:

Chapter 5. Pigments Market, By Application

5.1. Global pigments market application insights

5.2. Paints & coatings

5.2.1. Pigments market estimates and forecast, 2016 – 2026

5.2.2. Pigments market estimates and forecast by region, 2016 – 2026

5.3. Printing inks

5.3.1. Market estimates and forecast, 2016 – 2026

5.3.2. Market estimates and forecast by region, 2016 – 2026

5.4. Plastics

5.4.1. Market estimates and forecast, 2016 – 2026

5.4.2. Market estimates and forecast by region, 2016 – 2026

5.5. Construction materials

5.5.1. Market estimates and forecast, 2016 – 2026

5.5.2. Market estimates and forecast by region, 2016 – 2026

5.6. Others

5.6.1. Market estimates and forecast, 2016 – 2026

5.6.2. Market estimates and forecast by region, 2016 – 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/pigments-market

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