Pigments market revenue is estimated to be $XX Billion in 2019 and shall grow with a CAGR of XX.X% during the forecast period of 2019 to 2026.
A Pigment is a compound that works on the principle of wavelength-selective absorption to impart a specific color to the material they are applied on. It is characterized by a high tinting strength and being solid at room temperature.
Analysis by Product
According to the product, the three segments are Inorganic, Organic, and Specialty. Inorganic pigments are segmented further into Titanium Dioxide, Iron Oxide, Cadmium Pigments, Carbon Black, and Chromium Oxide. Organic pigments have three main segments: Azo, Phthalocyanine, and Quinacridone. Lastly, Specialty pigments are categorized into Classic Organic, Metallic, High-Performance Organic, Light Interference, Complex Inorganic, Fluorescent, Luminescent, and Thermochromic. Pigments market report shows the dominance of Organic and Inorganic pigments by revenue share. The Organic segment will continue to grow owing to R&D. Another Pigments market research claims that companies are focussing their capital to produce and promote eco-friendly pigments. Same goes for manufacturers of natural paints. Thus, it is getting clear the Pigments market share will see positive increments from products that are truly sustainable in their entire value-chain.
Analysis by Application
According to the application, the four primary segments are Paints & Coatings, Printing Inks, Plastics, and Construction Materials. The Pigments market size is likely to be led by Printing Inks. This is because of the growth in E-commerce and Packaged Foods. Packaging and labels is a rapidly advancing section which is likely to boost the pigment sales. As stated before, the E-commerce sector is a large consumer of these labels for marketing purposes. Thus, the Pigments market estimation stipulates that the advancement in the online retail sector will augment the Printing Inks consumption. Paints & Coatings is also likely to perform exceedingly well as a segment owing to large demands from the industry. This is also because of the qualitative research and development efforts in this field by large private companies. After a period of innovation, the time to reap its rewards are near.
Analysis by Region
The Pigments market forecast for the European Union looks very promising for Organic pigments. This is because of the ensuing demand for environment-friendly products in the region. Renovation activities are also on the rise in a few countries in the region which will further boost demand. The Asia-Pacific market holds the largest market share as of now and is likely to retain its numero uno position in the upcoming period. The Pigments price trend is developing maturely with the growth of the Automotive and Construction industry in the region. More than half of the passenger and commercial vehicles are produced in this region. This flourish has been made possible on the base of easy availability of steel and labor.
Analysis by Prestigious Corporations
Some of the Pigments companies are BASF, Merck, Lanxess, DIC Corporation, Clariant, Huntsman, and Pidilite. This industry is a congregation of small, medium, and large organizations. However, the Multi-national companies have the larger market share owing to their mature supply-chains. This is mostly a function of Capital infusions over some time to upgrade value-chains. Mergers and Acquisitions will be rewarding for the larger companies to gain market access inorganically over the forecasted period.
● Market Revenue Estimation and Forecast (2019 – 2026)
● Market Production Estimation and Forecast (2019 – 2026)
● Market Sales/Consumption Volume Estimation and Forecast (2019 – 2026)
● Breakdown of Revenue by Segments (2019 – 2026)
● Breakdown of Production by Segments (2019 – 2026)
● Breakdown of Sales Volume by Segments (2019 – 2026)
● Gross Margin and Profitability Analysis of Companies
● Business Trend and Expansion Analysis
● Import and Export Analysis
● Regional Analysis and Market Data Breakdown
By Product Outlook ($Revenue and Unit Sales, 2019-2026)
o Titanium dioxide
o Iron oxide
o Cadmium pigments
o Carbon black
o Chromium oxide
o Classic organic
o High performance organic
o Light interference
o Complex inorganic
By Application Outlook ($Revenue and Unit Sales, 2019-2026)
• Paints & coatings
• Printing inks
• Construction materials
By Regional Outlook ($Revenue and Unit Sales, 2019-2026)
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
• South Africa
• Saudi Arabia
• BASF SE
• Merck Group
• Ferro Corporation
• Lanxess AG
• Pidilite Industries Ltd.
• Clariant AG
• DIC Corporation
• Cathay Industries Group
• Tokan Material Technology Co., Ltd.
• Tronox, Inc
• Huntsman International LLC.