Global Pigments Market will reach 26.92 Billion USD by 2025by Agastya Bellamkonda Business Consulting
Pigments are the solid materials which improve the appearance and also can impart colour on which it is used. Pigments generally are insoluble into the medium so they are mixed manually into the medium. This pigment mainly serves three purposes: imparts colour to the medium, efface the existing colour and enhance the strength of the coating. The Global Pigments Market had a value of 19.64 Billion USD in 2018 and is estimated to reach 26.92 Billion USD by 2025 at a CAGR of 4.61% during the forecast period.
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Growth by Region
The Asia Pacific region is expected to lead the market among the regions across the world. Countries such as India, China with growing economies are expected for having major demand of pigments for this region and also growth in painting and coating sector in Thailand, Malaysia, and Vietnam also paves a way for the growth of the market in this region. North America and Europe are the next leading markets after the Asia Pacific region.
Type of Pigments
The sales of inorganic pigments dominated the global pigment market in 2017. China was the largest consumer for inorganic pigments followed by US, India other European, Asian and CIS countries. The organic pigments market performance is parallel to the development of the various coatings market segments plus additional effects like colour trend and replacement of lead chromates mainly in emerging markets.
Drivers vs. Constraints
Effect pigment which is ideal for use of the automotive industry is one of the driving factors for the growth of Global Pigments Market. The Solar reflective pigment which can oppose the heat island effect in the cities and helps in conventional cooling is also a driving factor for the growth of the market.
Organized & Unorganized companies
The global pigment industry is dominated by the presence of organized players. These players have well-established production plants spread across the globe while the unorganized manufacturers usually have a limited number of products, which are customized to cater the demand of only a few industries or the local market requirement.
Competition is majorly on the basis of the manufacturing process, technology, and pricing strategy. Most of the manufacturers are adopting the backward integration strategy to reduce their dependence on raw material suppliers. Manufacturers of pigments globally have to strategically price their products that meet the demand and criteria of the domestic and international market.
Dainichiseika Color & Chemicals
Akzo Nobel N.V
Mitusubishi Chemical Corporation
The global pigment industry is expected to grow with a positive CAGR from 2018-2022. APAC region will continue to lead the global pigment market in the future owing to the expected strong growth of the pigment industry in China and India. Robust growth in end users industries such as paints & coatings, plastic, printing ink, construction and other industry will drive the global demand for pigments. The paints & coatings industry is likely to be the major application for pigments owing to rising construction market worldwide. Apart from China and India, the production and export of pigments from other Asia Pacific Countries are also likely to increase.
Key Topics Covered
Overview of the Global Chemical Industry
Value Chain Analysis in Global Pigments Market
Challenges Faced by Entities in Value Chain
Global Pigments Market
Market Size by Revenue
Market Segmentation by Type of Pigments, by Type of Inorganic Pigments, by Type of Organic Pigment, by Application, by Market Structure and by Region.
Country Snapshot - China Pigments Market
Country Snapshot - India Pigments Market
Country Snapshot - US Pigments Market
Country Snapshot - Brazil Pigments Market
Country Snapshot - Germany Pigments Market
Country Snapshot - UK Pigments Market
Comparative Landscape in Global Pigments Market
Parameters for Competing
Global Pigments Market Heat Map
Company Profiles of Major Players Operating in Global Pigments Market
PESTEL Analysis in Global Pigments Market
Trends and Developments in Global Pigments Market
Trade Scenario in Global Pigments Market
Regulatory Landscape in the Global Pigments Market
Global Pigment Market Future
Created on Jul 18th 2019 00:42. Viewed 468 times.