Vendors in Pigments Market Segments, Growth and Forecast 2031

𝐏𝐢𝐠𝐦𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟑𝟏

The global pigments market was valued at US$ 34.5 Bn in 2021
It is estimated to grow at a CAGR of 4.6% from 2022 to 2031
The global pigments market is expected to reach US$ 53.8 Bn by the end of 2031
Pigments Market Introduction

𝐑𝐞𝐚𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 - https://www.transparencymarketresearch.com/pigments-market.html

Pigments are insoluble products that can be employed to impart colors to paints, inks, plastics, papers, cosmetics, rubbers, concrete blocks, tiles, etc. They are an integral part of our day-to-day life. Prussian blue, azo pigments, ultramarine, mica powder, YInMn blue, and Alizarin crimson are some examples of pigments. Pigments provide vibrant colors to substrates, thus making products look more appealing. Pigment molecules contain electrons that occupy different levels of energy when exposed to light. They possess the ability to reflect or absorb light of specific wavelengths, which results in the appearance of colors.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=905

The use of pigments in automotive coatings helps enhance their esthetic appeal and offers properties such as tinting strength, brightness, and fastness. Furthermore, the usage of pigments helps impart opacity, gloss, durability, resistance to heat and light, and excellent color effect to automotive coatings.
Increase in Consumption of Paints & Coatings Augmenting Global Pigments Market

Pigments are extensively utilized in the formulation of paints, as they impart color. They also improve the esthetic appeal and offer heat and light stability to paints & coatings. The paints & coatings industry has expanded significantly in emerging economies due to industrial development in the last few years. The per capita consumption of paints in India, China, Singapore, South Korea, and the ASEAN and GCC countries is likely to increase significantly in the near future due to economic growth in these countries.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=905

Increase in the demand for decorative and industrial paints and rise in housing construction and infrastructural development are anticipated to fuel the pigments market during the forecast period. Expansion in marine, furniture, and consumer goods sectors is also contributing to a surge in the demand for industrial paints, thereby driving the global pigments market.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐢𝐠𝐦𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Asia Pacific dominated the global market and held 43.22% share in 2021, and it is expected to grow at an average CAGR of 4.88% during the forecast period. Increase in demand for paints & coatings in countries such as China, India, and Japan is driving the market in Asia Pacific. Expansion of the automotive sector is also expected to fuel the market in Asia Pacific during the forecast period.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=905

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐢𝐠𝐦𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global pigments market is dominated by a few large and medium players operating across the world. The top few players operating in the global market cumulatively accounted for more than 50% share in 2021. Key players are focusing on technological innovations, business expansion through mergers & acquisitions, financial restructuring and investments, and capacity expansion to have a large global presence and enhance their pigments market share. The Chemours Company, CRISTAL, Tronox Limited, BASF SE, LANXESS, Clariant International AG, Ferro Corporation, KRONOS Worldwide Inc., Sun Chemical Corporation, Cathay Industries Group, Heubach GmbH, Gharda Chemicals Limited, Sudarshan Chemical Industries Limited, and Altana AG are prominent entities operating in the market.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

Nikhil Sawlani
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