Application in plastics to foster pigments market demand worldwide | By key players BASF SE, Merck Group, Ferro Corporation, Lanxess AG, Pidilite Industries Ltd., Clariant AG
Endorsed by a massive end-user spectrum, the potential of pigments has been increasingly recognized by many chemical industry players. The wide requirement of corrosion inhibition and color imparting across various expanding domains like paints and coatings, construction, printing inks has led to a rise in the demand for superior performance specialty pigments.
BASF SE, Merck Group, Ferro Corporation, Lanxess AG, Pidilite Industries Ltd., Clariant AG, DIC Corporation, Cathay Industries Group, Cristal, Tokan Material Technology Co., Ltd., Tronox, Inc and Huntsman International LLC.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/741
In the year 2018, paints and coatings registered the highest demand for the pigments market, especially from the construction and automobile applications. With the evolution of 3D printing technology, the global printing ink industry has witnessed unprecedented developments over the years.
With an aim to sustain in the fiercely competitive scenario, certain pigment manufacturing companies are focusing on strengthening their product offerings to achieve a better market hold. In August 2019, Tokyo based chemical company- DIC Corporation inked an agreement to purchase the global pigment business of German company- BASF, also known as BASF Colors & Effects. The transaction aimed at broadening DIC’s portfolio as a manufacturer of pigments. DIC aimed at increasing its sales target to €8 billion by the end of 2025 after the acquisition.
The rising demand for eco-friendly products like water-based inks and UV-curved inks has driven the printing ink consumption. Growing investment made towards R&D due to the environmental concerns and increasing competition in the sector has fostered key pigments market trends.
Extensive use of plastics in various sectors
As per the Plastic Trade Association of Europe, plastic output increased from 245 million tons in 2006 to more than 348 million tons in the year 2017. The rise in demand for plastics due to its low cost and lightweight has steered the demand for pigments market from the plastic industry.
Request for an in-depth table of contents for this report @
China was regarded as the leading consumer of plastics in the year 2017 registering a market share of more than 29%. This is due to the improvement in economic conditions and the subsequent rise in industrialization and the need for plastics for cost-effective production in the nation.
Restrictions on the use of plastic
In developed regions like North America and Europe, with growing awareness among the people regarding the need to preserve the environment and the harmful effects of using the plastics, has restricted its use to a great extent. Various sectors are aiming at using biodegradable and sustainable alternatives.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Application in plastics to foster pigments market demand worldwide | By key players BASF SE, Merck Group, Ferro Corporation, Lanxess AG, Pidilite Industries Ltd., Clariant AG here
News-ID: 2072812 • Views: 339
More Releases from Global Market Insights Inc.
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application. The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil. Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024. Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care. Sulfosuccinates are mainly a mild type
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/233 Top Key Players in The Market are: Graphenea S.A., Applied Graphene Materials plc, ACS
More Releases for DIC
Global Spirulina Market 2019 - DIC, Cyanotech, Parry Nutraceuticals, Hydrolina B …
This new report by Eon Market Research, titled “Global Spirulina Market 2019 Research Report, 2015 – 2025” offers a comprehensive analysis of Spirulina industry at a global as well as regional and country level. Key facts analyzed in this report include the Spirulina market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025. This report primarily focuses on the study of the competitive
Phthalocyanine Pigments Market 2017- BASF, DIC, Yabang, Eckart, Lynwon
Apex Market Reports, recently published a detailed market research study focused on the "Phthalocyanine Pigments Market" across the global, regional and country level. The report provides 360° analysis of "Phthalocyanine Pigments Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Phthalocyanine Pigments industry, and estimates the future trend of Phthalocyanine Pigments market
Global CPLA Market 2017 : NatureWorks, DIC
CPLA Market A market study based on the " CPLA Market " across the globe, recently added to the repository of Market Research, is titled ‘Global CPLA Market 2017’. The research report analyses the historical as well as present performance of the worldwide CPLA industry, and makes predictions on the future status of CPLA market on the basis of this analysis. Get Free Sample Copy of Report Here : http://www.marketsnresearch.com/request-for-sample.html?repid=16049 Top Manufacturers Analysis
Global Ink Market - DIC, Flint, Sakata, Toyo Ink, SICPA, Siegwerk
The report that is written on the title Ink Market 2016 covers all the aspects of the global market study. This report has an estimation about the Ink Market size in terms of value (US$). The report contains the broad segmentation of the market. The report provides the information about the Ink Market and also forecasts its position in the coming years. Ink is a liquid or paste that contains
Liquid Crystal Materials Market 2017 - Merck, JNC, DIC, HCCH, SLICHEM
A market study based on the "Liquid Crystal Materials Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Liquid Crystal Materials Market 2017’. The research report analyses the historical as well as present performance of the worldwide Liquid Crystal Materials industry, and makes predictions on the future status of Liquid Crystal Materials market on the basis of this analysis. Get Free Sample Copy of Report
Global UV Coatings Market- BASF SE, Dymax Corporation, DIC Corporation
Market Research Store published report on Global UV Coatings Market Research Report is a deep market research report in this market.This report focused on global and regional market, major manufacturers, as well as the segment market details on different classifications and applications. First, this report analyzed the basic scope of this industry like definition, specification, classification, application, industry policy and news. Browse Full Report: https://goo.gl/sJScE2 Second, the analysis on industry chain is provided