Specialty Pigments Market - Global Industry Analysis 2016 - 2024

The global specialty pigments market is expected to be driven by growing infrastructural investments and a need for long-lasting pigments that resists harsh weather. Specialty pigments are being increasingly preferred for specialized applications such as high-end automobile industries and original equipment manufacturers (OEM). Specialty pigments are in high demand since they increase the functionality by binding the substrate and paint together as well as enhance the aesthetic appeal of the substrate. The need for protection of buildings from dampness, fungi, and corrosion is also boosting the specialty pigments market. The eco-friendliness of specialty pigments is expected to appeal to a section of urban consumers as they are more concerned about the environment.

The report is a comprehensive analysis of key driving and restraining factors that are influencing the state of the market. Government and environmental regulations that are impacting the performance of the market are also analyzed. The report investigates trends in the specialty pigments industry that are expected to shape the future of this market. In addition to this, the future potential scope of specialty pigments has been studied in the report. Market experts have compiled past and present data or statistics in order to determine accurate future predictions and market size. Key segments of the global specialty pigments market are studied in detail and the total share accounted for, by each segment is given. Reasons behind a segment or sub-segment leading, declining, or expanding at the fastest rate are also included in the report.

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Global Specialty Pigments Market: Drivers and Trends

The global specialty pigment market is expected to witness a modest growth in the coming years as the demand continues from plastics, printing inks, and paints and coatings industries. The growing trend of building sustainable structures is fueling the need for specialty pigments in the paint and coatings sector. The paints and coatings industry is expected to be the most important application segment, generating the maximum revenue. On the basis of product type, the global specialty pigments market is segmented into pearlescent, luminescent, metallic, and transparent. Of these, the pearlescent type and the metallic type segments are most widely used and thus, leading segments in the specialty pigments industry.

There are a few factors that are expected to hinder the growth of this market. The various regulatory restrictions by government and environmental bodies, regarding the use of specialty pigments is expected to restrict the growth of the market. Specialty pigments are high in price, which also limits their use. In addition to this, handling and compatibility issues are posing challenges for players.

Global Specialty Pigments Market: Segmentation

The global specialty pigments market is segmented on the basis of geography into Europe, Asia Pacific, North America, and the Rest of the World. Of these, North America is expected to lead in the market. Europe is the next most significant consumer of specialty pigments. Asia Pacific will also be a lucrative market for these pigments in the years to come as the number of infrastructure projects in this region is increasing. The growing population and increase in the disposable income are expected to contribute to the demand for specialty pigments from the paints and coatings and plastics industries.

Key Players Mentioned in this Report are:

Key participants in the global specialty pigments market are Dominion Colour, Day-Glo, Ferro Corporation, Flint Group, Flex Products, Sun Chemical, Clariant International AG, Ciba Specialty Chemicals Inc., BASF, DIC Global, Inc., ECKART, Merck, Toyo Ink Mfg. Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co. Ltd., and Nemoto & Co. Ltd.

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