Pigments industry size worth USD 12.7 billion in 2015, is expected to register steady gains of 4.5% over the period of 2016-2024. The growth can be attributed to its wide applications in paints & coatings, construction materials, printing inks, and plastics sectors. Global paints & coatings sector is expected to register a CAGR of 3% over the coming eight years. The growth of paints & coatings sector is expected to boost pigments market growth over the coming years.
Request sample report for key industry insights spread across 350 pages with 605 market data tables & 11 figures & charts from the report, “Pigments Market Size By Product (Inorganic [Titanium Dioxide, Iron Oxide, Cadmium Pigments, Carbon Black, Chromium Oxide], Organic [Azo, Phthalocyanine, Quinacridone], Specialty [Classic Organic, Metallic, High Performance Organic, Light Interference, Complex Inorganic, Fluorescent, Luminescent/Phosphorescent, Thermochromic]), By Application (Paints & Coatings, Printing Inks, Plastics, Construction Materials), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, China, India, Brazil, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
Pigments market revenue in construction materials sector is projected to surpass USD 1.2 billion by 2024. Pigments are used in construction materials for concrete colorization owing to its good tinting characteristic and high dispensability features. Furthermore, rise in the number of construction activities is predicted to boost the pigments industry growth. Application of pigments in paints & coating sector estimated at USD 500 billion in 2015, is projected to grow significantly over the next few years. The growth can be attributed to rise in consumer disposable income along with high demand for pigments for improving film strength of paints to acquire best color effects.
North America pigments market size is expected to witness a substantial surge over the next few years, owing to rising standards of living as well as high demand for pigments in the printing inks sector. U.S. is expected to be a major regional revenue contributor. Asia Pacific pigments industry is projected to record significant gains of 3% over 2016-2024. The growth can be attributed to the rising preference for high quality paints in automotive sector along with enhanced use of luster paints in the residential building sector. Furthermore, improved consumer lifestyle is also projected to boost the regional growth. India and China are anticipated to contribute substantially towards the regional share.
Key industry players include Clariant AG, Lanxess AG, Huntsman Corporation, Tokan Material Technology Company Limited, Ferro Corporation, Tronox, DIC Corporation, and BASF SE.