Pigments Market 2019, Global Industry Analysis, Size, Share, Growth, Trends and Forecast – 2025

Oct 15, 2019

MarketStudyReport.com Adds New Pigments Market 2018– 2025 research report providing information and data By Product, By Application, Industry Analysis, Regional Outlook, Application Potential, Trends, Competitive Market Share & Forecast spreading across 784 Pages with table and figures in it.

Selbyville, Delaware - October 15, 2019 /MarketersMedia/ —

Organic pigment was the largest product segment in 2017 in terms of revenue. This can be attributed to its low level of toxicity. Specialty pigments segment shall experience maximum gains over the forecast timeframe. The segment produces a range of vibrant colors with excellent luster. It has brilliant hiding power and light fastness, these qualities make them ideal in plastics, paints & coatings and cosmetics applications. These products are majorly used to enhance the value, appearance and performance of the product.

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Pigments Market is forecast to exceed USD 18 billion; according to a new research report. Pigments (colorant) market will be driven by increasing demand from paints & coating industry, which has been growing with significant CAGR over the past few years. Paints & coating industry is the major colorant consumer and product demand from it shall grow with prominent CAGR over the forecast timespan. Increasing urbanization and industrialization has fueled the paints & coatings industry growth in the past few years.

Printing ink was a key product consumer in 2017 and anticipated to grow with a healthy growth rate in the coming years. Owing to the rising demand from packaging sector, printing ink industry is anticipated to reach USD 20 billion by 2020. Growth in the printing ink market shall complement the colorant demand from 2018 to 2025.

In 2017, Asia Pacific was having the major share in colorant market and it is likely to grow with a significant CAGR over the forecast timespan. This can be attributed to the increasing disposable income of consumers which has majorly driven construction market in this region. North America had a significant share in colorant market and shall grow with a prominent CAGR in the coming years.

Raw materials used for colorant production is derived from petroleum derivatives such as ethylene, benzene, naphthalene and toluene. Oil & natural gas prices are observing inflation since past few years which has led to hiked product prices. This volatility in the pigment prices is hampering the product demand. Moreover, some pigments including molybdate sulphate, lead chromate, cadmium and lead sulfochromate are harmful to the environment, which is why they are highly regulated and have restrictions on application. These factors are likely to restrict the product demand over the forecast timespan to some extent.

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The pigments market is having presence of giant multinational and medium-scale players. Many of them have their own distribution channel and supply network. Major players operating in the market are BASF SE, Cristal, Clariant AG, Carl Schlenk AG, Cathay Industries Group, Tronox Limited, Tokan Material Technology Co., Ltd, Pidilite Industries Limited, Merck Group, LANXESS AG, Ferro Corporation, DIC Corporation and Huntsman Corporation. Major players in the industry are involved in merger & acquisition strategy to increase their customer base and product range. For instance, Clariant AG in May 2017, agreed to buy Huntsman Corporation for USD 6.4 billion. This merger will help Clariant to further expand its global footprint in strategically important Chinese and American market.

Table of Content:

Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Pigments Industry Insights
Chapter 4. Pigments Market, Product by Application
Chapter 5. Pigments Market, By Application
Chapter 6. Pigments Market, By Region
Chapter 7. Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/pigments-market

Related Report:

Global Azo Pigments Market Insights, Forecast to 2025

Azo pigments are organic compounds which are widely used to treat textiles, leather articles, and some foods. Chemically related to azo dyes are azo pigments, which are insoluble in water and other solvents. This study categorizes the global Azo Pigments breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

https://www.marketstudyreport.com/reports/global-azo-pigments-market-insights-forecast-to-2025

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Source URL: https://marketersmedia.com/pigments-market-2019-global-industry-analysis-size-share-growth-trends-and-forecast-2025/88928138

Source: MarketersMedia

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