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Impact of COVID-19 on Pigments Market : Implications on Business

Key Highlights of Global Pigments Market

  • The global pigments market was valued at US$ 30.35 Bn in 2018 and is anticipated to expand at a CAGR of 4.6% during the forecast period
  • The global pigments market is driven by rise in the demand for paints and coatings.
  • Asia Pacific accounts for a major share of the global pigments market, due to increase in the demand for paints and coatings in the region.
pr global pigments market

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Key Drivers of Global Pigments Market

  • Paints and coatings are used to decorate and protect objects that they cover. Paints and coatings are employed in various end-user industries such as aerospace, automotive, architectural & refinishing, and building & construction.
  • Pigments used in paints and coatings offer key attributes such as color strength, coverage, durability, chemical inertness, light and weather fastness, and good environmental performance. Pigments have anticorrosive properties that make them suitable for use in direct-to-metal, automotive, and industrial coatings.
  • Rise in population coupled with increase in per capita income has boosted the consumption of paints and coatings in building & construction, automotive, and consumer goods industries over the last few years. This, in turn, generated considerable demand for pigments in the paints & coatings segment, making it the leading end-user segment in 2018.

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Surge in production and consumption of plastics across the globe to offer attractive growth opportunities

  • Plastics is one of the major consumers of pigments. Pigments form an integral part of the plastics industry. Pigments impart unique appearance and styling effect to plastic products. Pigments are employed as colorants in a wide range of plastics, owing to their excellent compatibility with several types of plastics.
  • Besides coloring effect and improved aesthetics, pigments increase the stability of plastics and improve resistance of plastics to climatic conditions such as heat and moisture. Thus, rise in the production of plastics plays a key role in driving the demand for pigments.
  • Consumption of plastics has increased substantially in both developed and developing countries over the last few years. Factors such as economic growth, rise in disposable income, and rapid urbanization in developing countries such as China, India, Brazil, and South Africa are projected to drive the demand for plastics during the forecast period.
  • Asia Pacific has been a leading consumer of plastics over the last few years. Consumption of plastics is estimated to increase also in developing countries of Latin America and Middle East & Africa in the next few years. Thus, increase in plastics production is likely to drive the market for pigments during the forecast period.

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High degree of competition among established players  

  • A large number of small- and large-scale manufacturers operate in the global pigments market. These companies offer different types of pigments for various applications.
  • Key players profiled in the report on the global pigments market are 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.
  • A large number of pigment products are available for different end-user industries. Market players are adopting strategies such as pricing and product improvement to increase their profit margins and strengthen their market position.

Global Pigments Market: Research Scope

Global Pigments Market, by Product

  • Inorganic Pigments
    • Titanium Dioxide
    • Iron Oxide
    • Carbon Black
    • Chromium Compounds
    • Others
  • Organic Pigments
    • Azo
    • Phthalocyanine
    • Quinacridone
    • Others
  • Specialty Pigments
    • Classic Organic
    • Metallic
    • High-performance Organic
    • Light Interference
    • Complex Inorganic
    • Fluorescent
    • Luminescent/phosphorescent
    • Thermochromic
    • Others

Global Pigments Market, by End User

  • Paints & Coatings
  • Printing Inks
  • Plastics
  • Construction Materials
  • Others

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Market Reports

Pigments market : is expected to pick up in healthy CAGR by 2020-2025

Overview Of Pigments Industry 2020-2025:

The Pigments Market analysis summary by Reports Insights is a thorough study of the current trends leading to this vertical trend in various regions. Research summarizes important details related to market share, market size, applications, statistics and sales. In addition, this study emphasizes thorough competition analysis on market prospects, especially growth strategies that market experts claim.

Pigments are colored or colorless substances that are insoluble in solvents, usually in powder form.
Increased demand for effect pigments and solar reflective pigments as one of the primary factors that will fuel the growth of the pigments market in the coming years.

Pigments Market competition by top manufacturers as follow: , Ferrotec, KELK, Laird, II-VI Marlow, RMT, Tellurex, Thermion, TE Technology

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The global Pigments market has been segmented on the basis of technology, product type, application, distribution channel, end-user, and industry vertical, along with the geography, delivering valuable insights.

The Type Coverage in the Market are:
Organic Pigments
Inorganic Pigments
Specialty Pigments

Market Segment by Applications, covers:
Paints And Coatings
Plastics
Printing Inks

Market segment by Regions/Countries, this report covers
North America
Europe
China
Rest of Asia Pacific
Central & South America
Middle East & Africa

Major factors covered in the report:

  • Global Pigments Market summary
  • Economic Impact on the Industry
  • Market Competition in terms of Manufacturers
  • Production, Revenue (Value) by geographical segmentation
  • Production, Revenue (Value), Price Trend by Type
  • Market Analysis by Application
  • Cost Investigation
  • Industrial Chain, Raw material sourcing strategy and Downstream Buyers
  • Marketing Strategy comprehension, Distributors and Traders
  • Study on Market Research Factors
  • Global Pigments Market Forecast

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The analysis objectives of the report are:

  • To know the Global Pigments Market size by pinpointing its sub-segments.
  • To study the important players and analyse their growth plans.
  • To analyse the amount and value of the Global PigmentsMarket, depending on key regions
  • To analyse the Global Pigments Market concerning growth trends, prospects and also their participation in the entire sector.
  • To examine the Global Pigments Market size (volume & value) from the company, essential regions/countries, products and application, background information.
  • Primary worldwide Global Pigments Market manufacturing companies, to specify, clarify and analyse the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for future.
  • To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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Coronavirus COVID-19 Industry Impact Market Reports

Latest TMR Report Explores Impact of COVID-19 Outbreak on Pigments Market

Key Highlights of Global Pigments Market

  • The global pigments market was valued at US$ 30.35 Bn in 2018 and is anticipated to expand at a CAGR of 4.6% during the forecast period
  • The global pigments market is driven by rise in the demand for paints and coatings.
  • Asia Pacific accounts for a major share of the global pigments market, due to increase in the demand for paints and coatings in the region.
pr global pigments market

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Key Drivers of Global Pigments Market

  • Paints and coatings are used to decorate and protect objects that they cover. Paints and coatings are employed in various end-user industries such as aerospace, automotive, architectural & refinishing, and building & construction.
  • Pigments used in paints and coatings offer key attributes such as color strength, coverage, durability, chemical inertness, light and weather fastness, and good environmental performance. Pigments have anticorrosive properties that make them suitable for use in direct-to-metal, automotive, and industrial coatings.
  • Rise in population coupled with increase in per capita income has boosted the consumption of paints and coatings in building & construction, automotive, and consumer goods industries over the last few years. This, in turn, generated considerable demand for pigments in the paints & coatings segment, making it the leading end-user segment in 2018.

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Stringent environmental and health-related regulations associated with pigments to hamper pigments market

  • The pigments market is highly influenced by strict government monitoring and health-related regulations. These hamper the pigments market. Pigments contain heavy metals, which makes them pose a threat for human health and the environment.
  • Growth of the pigments market, especially the inorganic segment, can be hampered by environmental effects and toxicity associated with heavy metals used in metal oxides, mixed metal oxides, and metallic pigments.
  • Heavy metals include lead, chromium, cadmium, and mercury. Human exposure to these metals can cause cancer or liver diseases. Disposal of heavy metals during the pigment production leads to pollution. Prolonged exposure of skilled labor to heavy metals can cause severe occupational hazards.

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Asia Pacific Dominates Global Pigments Market

  • Among regions, Asia Pacific held a major i.e. 45% share of the global pigments market in 2018 and its share is anticipated to increase during the forecast period, owing to increase in the demand for pigments from China, India, and Japan. Asia Pacific is followed by Europe.
  • Demand for pigments in Europe is increasing and manufacturers are likely to witness lucrative opportunities in the Europe market, due to increase in construction activities and automotive production in the region. North America witnesses significant demand for pigments.
  • The U.S. is considered a highly mature market for pigments in the region. Growing plastics packaging industry, increasing plastics production, and the trend of digital printing are expected to boost the demand for printing inks in North America during the forecast period.
  • Demand for pigments in Latin America and Middle East & Africa is rising. Several manufacturers are striving to expand their business in these regions to cater to the rising demand for paints, automotive refinishes, protective coatings, printing inks, etc. in these regions.

High degree of competition among established players  

  • A large number of small- and large-scale manufacturers operate in the global pigments market. These companies offer different types of pigments for various applications.
  • Key players profiled in the report on the global pigments market are 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.
  • A large number of pigment products are available for different end-user industries. Market players are adopting strategies such as pricing and product improvement to increase their profit margins and strengthen their market position.

Global Pigments Market: Research Scope

Global Pigments Market, by Product

  • Inorganic Pigments
    • Titanium Dioxide
    • Iron Oxide
    • Carbon Black
    • Chromium Compounds
    • Others
  • Organic Pigments
    • Azo
    • Phthalocyanine
    • Quinacridone
    • Others
  • Specialty Pigments
    • Classic Organic
    • Metallic
    • High-performance Organic
    • Light Interference
    • Complex Inorganic
    • Fluorescent
    • Luminescent/phosphorescent
    • Thermochromic
    • Others

Global Pigments Market, by End User

  • Paints & Coatings
  • Printing Inks
  • Plastics
  • Construction Materials
  • Others

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.