Pigments Market was valued at US$ 24.28 Bn in 2023 and is expected to reach at US$ 36.58 Bn in 2030. Global Pigments Market size is expected to grow at a CAGR of 6.03 % through the forecast period.Pigments Market Overview:
A pigment is a material that changes the color of reflected or transmitted light as the result of wavelength-selective absorption. In other words, it’s a substance that appears a certain color because it selectively absorbs certain wavelength of light. The primary purpose to use pigments is to provide color to materials, whether they are textiles or paints. Some people often consider pigments and dyes to be the same but they’re quite different. The major difference between the both is in terms of their solubility. There are two types of pigments mainly: Organic and Inorganic. Organic pigments are based on carbon chains and carbon rings. However, they can also contain metallic elements that help stabilize properties of the organic component. Inorganic pigments are usually metallic salts precipitated from solutions.To know about the Research Methodology:-Request Free Sample Report While a dye can dissolve by itself in a liquid, pigments can be dissolved in a liquid with the help of a binder. Dyes are primarily applied in the textile and paper industry, pigments are used in industries such as coloring paints, inks, cosmetics, and plastics. The particle size of inorganic pigments is larger than that of organic pigments. Pigments can impart a versatile range of colors to paints, coatings, plastics, inks, etc. while improving their aesthetic properties. These helps enhance properties such as opacity, hiding power, light and weather fastness, heat stability, and tinting strength. Like all materials, the color of pigments arises because they absorb only certain wavelengths of visible light. The bonding properties of the material determine the wavelength and efficiency of light absorption. A pigment is a colored material that is completely or nearly insoluble in water. The report explores the Pigments Market segments (By Type, By Pigments Type, By Application, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2023. The report investigates the Global Pigments Market drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Global Pigments Market contemporary competitive scenario.Pigments Market Dynamics:
Pigments Market Drivers: The major driving factors of pigments market are growth in end user industries, rising demand for high performance pigments (HPP), and rising preference towards environment-friendly products. Pigments have a large number of applications ranging from paints & coatings, textile, construction, printing inks, and plastics. The paints & coatings industry is recording significant growth due to growing infrastructure. Rise in construction activities has increased need for long-lasting pigments that can fight harsh weather. Paint & coatings industry is major end user of pigment. Growing need for protection of buildings from dampness, fungi, and corrosion is also boosting the pigments market. Increase in the consumer demand for plastic-based products in developing economies will further augment the growth of market. Printing inks is anticipated to be an attractive end-user segment in the forecast, due to rise in the demand for inkjet printing and laser printing. Safety norms regarding inorganic pigment may hinder the market. Growing demand for paints from the automotive industry is creating demand for pigments, thereby fuelling market growth. Pigments Market Restrains: The material price volatility, its global over capacity, and environmental concerns are the factors which restrains the growth of the global pigments market. Some of the trends witnessed in pigments market are shifting of the manufacturing facilities from U.S. and Europe to India, China, and Taiwan and the rising preference towards eco-friendly products. Strict regulations associated with the pigments such as cadmium, lead chromate molybdate sulfate red and lead sulfochromate yellow as they have hazardous effects that are expected to restrict the market growth. Thus, growing health and environmental concerns are expected to hinder the market growth. Strict regulations associated with the pigments such as cadmium, lead chromate molybdate sulfate red and lead sulfochromate yellow as they have hazardous effects that are expected to restrict the market growth. Pigments Market Opportunities: The Growing demand for packed food products across consumers is the new opportunity for the growth of the Global Pigments Market. Changing lifestyle of the consumer coupled with the increasing consumption of convenience and ready-to-eat food products is creating demand for packed food products. Thus, the growing demand for packaged food products is projected to hamper the market growth of pigment. Technological breakthrough in the development of nanomaterials has opened new avenues for the advancement in several industries. Nanotechnology has emerging usage in the pigments industry. This is expected to create lucrative opportunities in the market in the next few years. Nano pigments are rapidly gaining popularity in various industrial applications owing to their superior performance than the conventional pigments. Nanoparticle of organic and inorganic pigments having particle size less than 100 nm can be developed. Usage of nanotechnology in the production of pigments improves their tribological, mechanical, and optical properties. Nano pigments offer key advantages, such as durability stability to UV radiation and heat; enhanced hardness and toughness; resistance to scratch, abrasion, and weather; improved transparency and decreased water permeability, over traditional pigments. Nano pigments can also be used in novel applications such as cosmetics, photovoltaic cells, cathode ray tubes, and ceramic pigments. These pigments have smaller particle size, which leads to a larger surface area. Therefore, advanced technology is required for the application of nano pigments for surface treatment and dispersion. Pigments Market Challenges: 1. Pigment manufacturers are focused on maintaining environmental sustainability due to the rise in consumer awareness about the usage of eco-friendly products. Producers of pigments experience challenges in terms of adverse environmental effects of pigments. 2. Due to the excellent coloring properties, Azo compounds are extensively used in paints & coatings. However, toxicological effects associated with the unregulated usage of the compounds lead to high environmental risks. Reduction of azo compounds can release a number of aromatic amines, which can be detrimental effects on human health. These amines can be produced by reductive cleavage or hydrolysis of anilido bonds present in azo compounds. These aromatic amines induce genotoxicity and carcinogenicity in humans. As a result, the European Commission (EC) has imposed stringent restrictions on the usage of these dyes. 3. The Ecological and Toxicological Association of Dyes and Organic Pigments Manufacturers (ETAD) has not specifically restricted the usage of azo pigments; however, some azo pigments can cause significant health hazards. Photocleavage initiated by solar radiation can degrade some azo pigments despite their low solubility. This, in turn, can result in the release of harmful aromatic amines of more than 30 ppm, which is beyond the detection limit set by ETAD.Pigments Market Segment Analysis:
Based on Type, The segment organic pigments are expected to grow with the highest market share in year 2023. Organic pigments are widely used in the printing inks application due to regulations and act, such as FFDCA, Code of Federal Regulations (CFR), and Generally Recognized as Safe (GRAS), in the food packaging application. Inorganic pigments are usually metallic salts precipitated from solutions. Specialty pigments will also gain growth during the forecast period. In forecast specialty pigment will be replacing inorganic and organic pigment attributed to its unique properties such as metallic tones and other special effects such as color-shifting. Organic pigment will gain growth owed to its plant-based formulation. Based on the Application, The Paints & coating is leading application segment is expected to grow with the highest CAGR during the forecast period. Paint & coating industry to grow at robust rate will ask for increased pigment. Construction is second largest application segment attributed to urbanization and increased infrastructure renovation activities. Plastic is third most leading application segment followed by paper, textile and leather. Colorants are used in the printing inks including solvent-based packaging inks, offset inks, decorative laminate inks, water-based packaging inks, and publication gravure inks. The demand for pigments in the different areas of application show large regional differences. Ceresana takes these differences into account by analysing the sales markets for paints and coatings, plastics, and printing inks along with their respective submarkets in detail. These all factors lead to the growth of the global pigments market in paints & coating segments. Based on Pigments Type, The Titanium Dioxide and Iron Oxide are the Most Important Pigment Types and is dominating the growth of the market with the highest CAGR during the forecast period. The white pigment titanium dioxide (TiO2), which is mainly used for paints and coatings, makes up for 60% of the global demand for pigments. Iron oxide pigments come in second place as the most used inorganic coloured pigment. It’s followed by Carbon Black, which can be used as a black pigment and has many other uses, e.g., as a filler in car tires and other rubber applications. This colouring carbon (known as lamp black) is mainly used in printing inks varnishes and other inks, but can also function as UV-protection for plastics. Organic pigments like azo pigments or polycyclic pigments are based on carbon. In the past, they were obtained from plant or animal materials. Currently, they constitute only a small share of the worldwide pigment market: All organic pigments together amount to a market volume of less than 1 million tonnes.Pigments Market Regional Insights:
The Asia-Pacific region is expected to witness significant growth at a CAGR of 6.1% through the forecast period which is followed by Europe. Increasing industrialization and urbanization in Asia Pacific region has resulted into enhanced demand of pigment. Increased infrastructure modification activities and robust growth of end user industry. In Europe inorganic pigments are more in demand. North America will show a moderate growth during a forecast. The market faces strict regulations that obstruct product usage as well as production in North America and Europe. Thus, the production facilities are being shifted to the Asia Pacific region, owing to favourable manufacturing conditions and leniency in regulations. This is supported by the easy availability of raw materials and low-cost and skilled manpower. Companies are expecting good growth in decorative coatings as disposable income in emerging economies improves. This trend will be fuelled by manufacturers complying with regulations especially in the production of lead chromate and VOCs. Due to the rise in disposable income in these countries, and growth in urbanization, this region is considered to be the fastest-growing market during the forecast period. Multinational companies no longer have patent protection for their high-value pigments resulting in migration of production bases to China. Over the past few years, there has been a downward trend in the production of pigments in North America, Europe, and Japan resulting in restructuring and plant closures owing to lower margins. Furthermore, intense competition from Asia-based producers has forced manufacturers in the mature market to make strategic decisions for their pigment businesses thus, moving towards higher value and customer-oriented pigment demand. The objective of the report is to present a comprehensive analysis of the 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 reports also help in understanding the Pigments Market dynamic, structure by analyzing the market segments and projecting the Pigments Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Pigments Market make the report investor’s guide.Pigments Market Scope: Inquire before buying
Global Pigments Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US$ 24.28 Bn. Forecast Period 2024 to 2030 CAGR: 6.03% Market Size in 2030: US$ 36.58 Bn. Segments Covered: by Type Specialty pigments 1. Classic Organic 2. Metallic 3. High performance organic 4. Light Interference 5. Complex Inorganic 6. Fluorescent 7. Luminescent/phosphorescent 8. Thermochromic 9. Others Inorganic 1. Titanium Dioxide 2. Iron Oxide 3. Carbon Black 4. Chromium Compounds 5. Others Organic 1. Azo 2.Phthalocyanine 3. Quinacridone 4. Others by Application Paints & Coatings Plastics Constructions Paper & Specialty Printing Inks Others by Pigments Type Titanium Dioxide Carbon Black Iron Oxides Other Inorganic Pigments Organic Pigments Pigments Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Pigments Market, Key Players are
1.Qingdao Zhongren Zhiye Biotechnology Co., Ltd. 2. Canon Kabushiki Kaisha 3. DIC Corporation 4. Cobot Corporation 5. Clariant International Ltd. 6. Hefei Sunrise Pigments Co., Ltd 7. BASF SE 8. Lanxess AG 9. Merck Group 10. Clariant AG 11. Pidilite Industries Limited 12. Huntsman International LLC 13. Tronox, Inc. 14. Chemours Company 15. Altana AG 16. Chemours Company 17. CRISTAL 18. Ferro Corporation 19. KRONOS Worldwide Inc. 20. Sun Chemical Corporation 21. Cathay Industries Group 22. Heubach GmbH 23. Gharda Chemicals Limited 24. Sudarshan Chemical Industries Limited Frequently Asked Questions: 1] What segments are covered in the Global Pigments Market report? Ans. The segments covered in the Global Pigments Market report are based on Type, Pigments Type and Application. 2] Which region is expected to hold the highest share in the Global Pigments Market? Ans. Asia-Pacific region is expected to hold the highest share in the Global Pigments Market. 3] What is the market size of the Global Pigments Market by 2030? Ans. The market size of the Global Pigments Market by 2030 is expected to reach US$ 36.58 Bn. 4] What is the forecast period for the Global Pigments Market? Ans. The forecast period for the Global Pigments Market is 2024-2030 5] What was the market size of the Global Pigments Market in 2023? Ans. The market size of the Global Pigments Market in 2023 was valued at US$ 24.28 Bn.
1. Global Pigments Market: Research Methodology 2. Global Pigments Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Pigments Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Pigments Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Pigments Market Segmentation 4.1. Global Pigments Market, By Type (2023-2030) • Specialty pigments o Classic Organic o Metallic o High performance organic o Light Interference o Complex Inorganic o Fluorescent o Luminescent/phosphorescent o Thermochromic o Others • Inorganic o Titanium Dioxide o Iron Oxide o Carbon Black o Chromium Compounds o Others • Organic o Azo o Phthalocyanine o Quinacridone o Others 4.2. Global Pigments Market, By Application (2023-2030) • Paints & Coatings • Plastics • Constructions • Paper & Specialty • Printing Inks • Others 4.3. Global Pigments Market, By Pigments Type (2023-2030) • Titanium Dioxide • Carbon Black • Iron Oxides • Other Inorganic Pigments • Organic Pigments 5. North America Pigments Market (2023-2030) 5.1. North America Pigments Market, By Type (2023-2030) • Specialty pigments o Classic Organic o Metallic o High performance organic o Light Interference o Complex Inorganic o Fluorescent o Luminescent/phosphorescent o Thermochromic o Others • Inorganic o Titanium Dioxide o Iron Oxide o Carbon Black o Chromium Compounds o Others • Organic o Azo o Phthalocyanine o Quinacridone o Others 5.2. North America Pigments Market, By Application (2023-2030) • Paints & Coatings • Plastics • Constructions • Paper & Specialty • Printing Inks • Others 5.3. North America Pigments Market, By Pigments Type (2023-2030) • Titanium Dioxide • Carbon Black • Iron Oxides • Other Inorganic Pigments • Organic Pigments 5.4. North America Pigments Market, by Country (2023-2030) • United States • Canada • Mexico 6. European Pigments Market (2023-2030) 6.1. European Pigments Market, By Type (2023-2030) 6.2. European Pigments Market, By Application (2023-2030) 6.3. European Pigments Market, By Pigments Type (2023-2030) 6.4. European Pigments Market, by Country (2023-2030) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Pigments Market (2023-2030) 7.1. Asia Pacific Pigments Market, By Type (2023-2030) 7.2. Asia Pacific Pigments Market, By Application (2023-2030) 7.3. Asia Pacific Pigments Market, By Pigments Type (2023-2030) 7.4. Asia Pacific Pigments Market, by Country (2023-2030) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Pigments Market (2023-2030) 8.1. Middle East and Africa Pigments Market, By Type (2023-2030) 8.2. Middle East and Africa Pigments Market, By Application (2023-2030) 8.3. Middle East and Africa Pigments Market, By Pigments Type (2023-2030) 8.4. Middle East and Africa Pigments Market, by Country (2023-2030) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Pigments Market (2023-2030) 9.1. South America Pigments Market, By Type (2023-2030) 9.2. South America Pigments Market, By Application (2023-2030) 9.3. South America Pigments Market, By Pigments Type (2023-2030) 9.4. South America Pigments Market, by Country (2023-2030) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Qingdao Zhongren Zhiye Biotechnology Co., Ltd. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Canon Kabushiki Kaisha 10.3. DIC Corporation 10.4. Cobot Corporation 10.5. Clariant International Ltd. 10.6. Hefei Sunrise Pigments Co., Ltd 10.7. BASF SE 10.8. Lanxess AG 10.9. Merck Group 10.10. Clariant AG 10.11. Pidilite Industries Limited 10.12. Huntsman International LLC 10.13. Tronox, Inc. 10.14. Chemours Company 10.15. Altana AG 10.16. Chemours Company 10.17. CRISTAL 10.18. Ferro Corporation 10.19. KRONOS Worldwide Inc. 10.20. Sun Chemical Corporation 10.21. Cathay Industries Group 10.22. Heubach GmbH 10.23. Gharda Chemicals Limited 10.24. Sudarshan Chemical Industries Limited 10.25. Altana AG.