Pigments Market Forecast 2022-2027: Industry Size, Share, Trends, Growth

The latest research study "Pigments Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global pigments market size reached US$ 25.42 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 33.88 Billion by 2027 exhibiting a growth rate (CAGR) of 4.70% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Industry Definition and Application:

Pigments represent a set of colored and insoluble chemical compounds that impart color or enhance the appearance of the substrate on which they are used. They are broadly available in three categories, including organic pigments, inorganic pigments, and specialty pigments. These pigments aid in absorbing the light of a particular wavelength to emit colors through transmission, hide the substrate, and improve the surface property of a material. They even provide protection against high temperature, blowing sand, ultraviolet (UV) radiation, acid rain, and corrosive materials. Consequently, pigments find extensive applications across several sectors, such as construction, paints and coatings, plastics, automotive, beauty, and personal care, etc.

Pigments Market Trends and Drivers:

The rising demand for high-quality paints with metallic luster among various industries is primarily driving the pigments market. Additionally, the elevating environmental concerns and the shifting preferences towards eco-friendly, organic, and high-performance pigments are acting as significant growth-inducing factors.

Besides this, the increasing usage of the product in cosmetics, candles, shoe polishes, etc., is also positively influencing the market growth. Moreover, the expanding construction industry across countries and the launch of numerous policies by government bodies aimed at promoting cost-effective housing facilities are further catalyzing the global market.

Apart from this, the growing collaborations amongst leading players and the inflating investments in the research and development (R&D) activities to introduce digital inks are expected to propel the pigments market in the coming years.

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Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Product Type:
• Organic Pigments
o Azo Pigments
o Phthalocyanine Pigment
o Quinacridone Pigment
o Other Organic Pigments

• Inorganic Pigments
o Titanium Dioxide Pigments
o Iron Oxide Pigments
o Cadmium Pigments
o Carbon Black Pigments
o Chromium Oxide Pigments
o Complex Inorganic Pigments
o Others

• Specialty Pigments
o Classic Organic Pigments
o Metallic Pigments
o High-Performance Pigments
o Light Interference Pigments
o Fluorescent Pigment
o Luminescent Pigments
o Thermo-Chromic Pigments

Breakup by Color Index:
• Reds
• Orange
• Yellows
• Blue
• Green
• Brown
• Others

Breakup by Application:
• Paints and Coatings
• Plastics
• Printing Inks
• Construction Materials
• Others

By Geography:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

List of Major Key Players:

The major players in the market are BASF SE, Cabot Corporation, Dainichiseika Color & Chemicals Mfg. Co. Ltd., DIC Corporation, Dupont De Nemours Inc., Heubach GmbH, Kronos Worldwide Inc. (Valhi Inc.), Lanxess AG, Merck KGaA, Pidilite Industries Limited, Sudarshan Chemical Industries Limited, The Shepherd Color Company and Tronox Holdings PLC

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