Cadmium Pigments Market

By 2029, the Cadmium Pigments Market is expected to reach US 395.85 million, thanks to growth in the Pigment Type, and Application segment. The report analyzes market dynamics by region and end-user industries.

Cadmium Pigments Market Overview:

The global Cadmium Pigments market was valued at US $288.94 Mn. in 2022, and it is expected to reach US $395.85 Mn. by 2029 with a CAGR of 4.60% during the forecast period.

Cadmium pigments are a type of pigment-containing cadmium as a basic compound. The majority of cadmium produced globally has been used in rechargeable nickel-cadmium batteries, which have been replaced by other rechargeable nickel-chemistry cell varieties such as NiMH cells. However, about half of the remaining cadmium consumption, or about 2,000 tonnes per year, is used to produce coloured cadmium pigments. A group of orange, red, and yellow cadmium sulfides and sulfur-selenides, as well as compounds with other metals, are the main pigments.

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COVID–19 Influence on Global Cadmium Pigments Market:

Owing to the COVID-19 pandemic, many cadmium pigments manufacturing companies were forced to halt operations to comply with new government regulations. This pause in operations has a direct impact on the revenue flow of the cadmium pigments market. The COVID-19 supply chain block of raw materials and intermediates influenced manufacturers. The cost of logistics increased during the first few months of the pandemic. Companies were forced to review their industry strategies as a result of the ongoing COVID-19 pandemic. The report provides more information about each region's impact, allowing users to plan their actions and take significant steps toward recovery after an epidemic.

Key Trends:

The plastics industry's phenomenal growth is giving numerous growth opportunities for the cadmium pigments market. These pigments are widely used in plastics primarily of their tinting power, high opacity, and ability to color well and maintain the quality of the color for long period. These pigments are found in plastics in concentrations ranging from 0.01% to 0.07%, and in specialty paints and industrial coatings in concentrations ranging from 10% to 15%. These pigments are often used in ceramics and glass because of their great temperature resistance.

Cadmium Pigments Market Dynamics:

Excellent properties of Cadmium pigment

The market is expected to be driven by a lack of replacements for cadmium pigments due to their unique physical and chemical properties. The high-temperature tolerance, low melting point, strong electrical conductivity, and high corrosion resistance properties of cadmium are the primary elements driving the market for cadmium pigments. These pigments are still often used in commercial paints. The chemical inertness and high-temperature tolerance of cadmium pigments make them perfect for steam pipes and chemical tanks. Given the unique physical and chemical properties of cadmium pigments, there are no major alternatives that are rarely matched by other inorganic pigments. The scarcity of appropriate replacements is a major driving force behind the demand for cadmium pigments over the forecast period.

Concerns about health

The need for cadmium pigments is limited for a variety of reasons. Excessive exposure to these pigments causes a variety of health problems in the kidney and lungs in the people who are exposed to them. Cadmium pigments are non-essential for humans, hence proper disposal is essential. Cadmium enters the food chain after being dumped into the soil or bodies of water, where it is absorbed into the human body. In 2011, Cadmium pigments were banned in all plastics by the European Union. This trend is hindering the growth of the European market for cadmium pigments. Because of their inherent environmental problems, all nations severely discourage the widespread use of cadmium pigments. But, the lack of safer alternatives to cadmium pigments is expected to lead to a continuous increase in global demand for cadmium pigments over the forecast period.

Cadmium Pigments Market Segment Analysis:

Based on Pigment Type, the global cadmium pigments market is segmented into four types as follows, Red pigment, Yellow pigment, Orange pigment, and others. In 2021, the Orange pigment segment was dominant and held xx% of the overall market share. This segment is anticipated to grow at a CAGR of xx% over the forecast period. These are several types of pigments that are used to express different colors in many products. These pigments are used by artists as they're a better alternative to water and oil paints. Green, light yellow, and red colors are not produced by using other pigments in different coil coatings related to the design of the application field, but they can be achieved by using cadmium pigments since they have great lightfastness.

Based on Application, the global cadmium pigments market is segmented into five types as follows, Plastics & Complex Polymers, Ceramics & Glass, Paints & Coatings, Rubber & Paper, and others. In 2021, the Plastics & Complex Polymers segment was dominant and held xx% of the overall market share. It is expected to continue its dominance by growing at a CAGR of xx% over the forecast period. It is ideal for use in plastic applications because of its sharp and bright color representation, as well as its high opacity and tinting strength. Cadmium colored highly suited polymers, such as acrylonitrile butadiene styrene (ABS), are commonly used in products such as telephones, gas pipelines and fittings, beverage crates, electricity cables and wiring, and automobile radiator fans.

The report has covered the market trends from 2015 to forecast the market through 2029. 2022 is considered a base year however 2022's numbers are on the real output of the companies in the market. Special attention is given to 2021 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Cadmium Pigments Market Regional Insights:

In 2022, Asia Pacific was dominant among all the regions accounting for 47.90% of the overall market share in terms of revenue. Also, it is anticipated to continue its dominance over the forecast period. Based on the highly developed painting and coatings industries in China, India, and Japan, Asia-Pacific are expected to dominate the global market. In addition, demand for high-temperature-resistance polymers is increasing in emerging countries.

Based on their qualities, cadmium pigments have recently been used in complicated polymers such as high-density polyethylene, silicone resins, nylon, acrylonitrile butadiene styrene (ABS), polycarbonates, and other thermoplastic polymers. Cadmium pigments' vibrant shades are great for ceramics, glass enamels, and porcelain enamels for iron and steel household objects. Rubber, paper, and ink industries also use cadmium pigments.

As per PEMRG (Plastics Europe) in recent years, Asia-Pacific has taken the lead in global plastic materials production. One of the causes for the rising demand for cadmium pigments is the increased use of heat-resistant polymers for diverse applications. Increased use of cadmium pigments in plastics and ceramics, as well as increased use of cadmium pigments in the paper and ink sectors, are expected to drive the market for cadmium pigments over the forecast period.

North America is expected to have a slow growth rate of xx% over the forecast period. Europe is expected to have an unfavorable impact on the development of the market for cadmium pigments because of severe regulations on its use related to its damaging effects on humans and the environment.

The objective of the report is to present a comprehensive analysis of the global cadmium pigments market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global cadmium pigments market dynamics, structure by analyzing the market segments and project the global cadmium pigments market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global cadmium pigments market make the report investor’s guide.

Cadmium Pigments Market Scope: Inquire before buying

Cadmium Pigments Market, by Region

• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)

Cadmium Pigments Market Key Players:

• JMB Ltd
• Hunan Jufa Technology Co. Ltd.
• Rockwood Pigments NA Inc.
• Proquimac Color S.L.
• Johnson Matthey
• James M. Brown Ltd
• Huntsman Corporation
• Mayan Pigments Inc.
• Xena Chemical Industries
• Poundswears Importex & Co. Ltd.
• The Tryline Group
• Watkins Chemicals & Colors Inc.
• Paint With Pearl
• Morgan Materials LLC
• Colorwen International Corporation
• WorldBiz Corp.
• Others

Frequently Asked Questions:

1. Which region has the largest share in Global Cadmium Pigments Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Cadmium Pigments Market?
Ans: The Global Cadmium Pigments Market is growing at a CAGR of 4.6% during forecasting period 2023-2029.

3. What is scope of the Global Cadmium Pigments Market report?
Ans: Global Cadmium Pigments Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Cadmium Pigments Market?
Ans: The important key players in the Global Cadmium Pigments Market are – JMB Ltd, Hunan Jufa Technology Co. Ltd., Rockwood Pigments NA Inc., Proquimac Color S.L., Johnson Matthey, James M. Brown Ltd, Huntsman Corporation, Mayan Pigments Inc., Xena Chemical Industries, Poundswears Importex & Co. Ltd., The Tryline Group, Watkins Chemicals & Colors Inc., Paint With Pearl, Morgan Materials LLC, Colorwen International Corporation, WorldBiz Corp., Others

5. What is the study period of this Market?
Ans: The Global Cadmium Pigments Market is studied from 2022 to 2029.