Pigments Market by manufacturers, regions, type and application, forecast to 2027

A pigment is a group of chemical compounds that are used to impart color and enhance the surface property of the materials. They can impart various range of colors to paints, plastic, coatings, and inks while enhancing the texture of the surface. Moreover, pigments are also used to enhance properties such as heat stability, tinting strength, opacity, and light and weather fastness.

Pigments are colorants which are extensively used in the printing, textile, and automotive industries. Pigment is organic or inorganic powdered solid which is insoluble. Pigments offer excellent characteristics such as good baking stability, excellent solvent resistance, easily dispersible nature, high tinting strength, and consistent unique shades. Pigments are also used in paints that are used for decorative and protective coatings.

The global pigments market has witnessed significant growth in recent past years, owing to the rising demand for paints and coatings in various end-user industries such as automotive, printing, construction and others. Asia Pacific is expected to be the fastest-growing region in the pigments market, owing to growing plastic packaging industry due to the increasing production of plastics in the region. This is expected to propel the growth of the pigments market in this region.

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Organic pigment is witnessing product innovation and is expected to exhibit significant growth in the near future. This is expected to be a major trend in the market. For instance, in September 2019, Clariant launched 25 organic pigments for biodegradable and compostable polymers. These are compliant with the European Norm 13432 opening up color options and the appeal of organically recyclable packaging.

Partnership and agreement among players is a key trend in the market. For instance, in October 2018, PicOnyx, Inc. and Carbo Ceramics, Inc. established a strategic partnership for the production of M-ToneTM, an innovative family of unique, high-performance black pigments. M-ToneTM addresses customer needs for black pigments with higher performance and greater functionality that are more environmentally friendly.

Detailed Segmentation:

Global Pigments Market, By Pigments Type:
Organic
Azo
Phthalocyanine
Quinacridone

Inorganic
Titanium Dioxide
Iron Oxide
Cadmium Pigments
Carbon Black
Chromium Oxide
Others (Chromate, Ultramarine)

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Key companies covered as a part of this study includes BASF SE, Clariant International Limited, DIC Corporation, Huntsman International LLC, Tronox, Inc, Rockwood Holdings, Inc., Lanxess AG, Atlanta AG, Ferro Corporation. And Merck

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