Press release
Pigments Market Size is expected to expand USD 25.9 billion, Growth Opportunities, Industry Trends, Top Key Players and Forecast to 2029
Pigments Market Overview:Pigments are solid materials that improve the appearance or impart color to the substrate on which they are used; they are black, white, and colored. Pigments are insoluble materials incorporated by physically mixing them with the medium. They have a high tinting strength as compared to the material in which they are added. Pigments serve three main functions: impart color to the medium, hide the substrate, efface the existing color, and enhance the strength of the paint film. The global pigments market is broadly classified as organic, inorganic, and specialty pigments.
The global Pigments market size was valued at USD 16 billion in 2020 and is expected to expand USD 25.9 billion by 2029, at a CAGR 5.5% during the forecast period 2022-2029.
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Pigments Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Clariant International Ltd (Switzerland), BASF (Germany), Cabot Corp. (U.S.), CPS Color AG (Switzerland), DIC Corp. (Japan), E.I. Du Pont De Nemours & Co. (U.S.), ECKART GmbH (Germany), Flint Group (Luxembourg), Heubach GmbH (Germany), Huntsman Corporatio and Others
Recent Development
In July 2021, DCL acquired Sun Chemical's manufacturing facility in Goose Creek, South Carolina, USA. It would offer specialty pigment families providing the highest performance, especially high chromaticity, high durability, high heat stability, and transparency for the most demanding applications, including the automotive, industrial coatings, and engineered plastics markets.
In June 2021, DIC plans to complete its acquisition of the global Colors and Effects business of BASF SE within the first half of 2021 to rising its market share in the organic Pigments Market.
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Pigments Market Segmentation:
Pigments Market by Product Type, 2020-2029, (In USD Million), (Kilotons)
Organic Pigments
AZO
Phthalocyanines
High Performance
Inorganic Pigments
Iron Oxide
Carbon Black
Others
Pigments Market by Color, 2020-2029, (In USD Million), (Kilotons)
Reds
Phthalocyanine Blue and Greens
Yellows
Orange
Brown
Others
Pigments Market by Application, 2020-2029, (In USD Million), (Kilotons)
Paints & Coatings
Plastics
Constructions
Paper & Specialty
Printing Inks
Others
Growth Factors:
Increasing demand from the Pigments industries
The growing use of Pigments in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Pigments Market
Pigments Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Pigments Market Trends
- The report identifies, determines, and forecasts the Global Pigments Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Pigments Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Pigments Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Pigments Market.
Frequently Asked Questions
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What is the growth rate of Pigments Market?
What is Pigments Market size in 2016?
Which region has highest growth rate in Pigments Market?
Which region has largest share in Pigments Market?
Who are the key players in Pigments Market?
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