The global pigments market size reached US$ 29.2 Billion in 2023. Looking forward, the market is projected to reach US$ 56.2 Billion by 2032, exhibiting a growth rate (CAGR) of 7.55% during 2023-2032.
Pigments are a set of insoluble, colored chemical compounds that are incorporated in the medium and mixed physically. They aid in absorbing the light of selective wavelength for emitting colors through transmission, hiding the substrate, and enhancing the surface property of the material. On account of these applications, pigments are extensively deployed as a key component in paints, coatings, plastics, printing inks, and light-emitting sources. At present, they are broadly categorized in two varying pigments forms, including organic and Inorganic. Amongst these, organic pigments are extracted from natural sources, whereas inorganic or synthetic pigments are derived from petrochemicals or synthesized from calcinations.
Additionally, the extensive utilization of pigments in cosmetics, liquids, fruits, paint, paper, textiles, leather, shoe polish, candles, wood, and bamboo is contributing to the market growth. The significant expansion in the construction activities, along with the favorable initiatives undertaken by the government bodies of different nations for investing in constructing cost-effective housing facilities, are further propelling the market growth. Other factors, such as strategic collaborations amongst key players and the rising investments in the research and development (R&D) activities for introducing digital inks, are providing an impetus to the market growth.
2. What is the expected growth rate of the global pigments market during 2024-2032?
3. What are the key factors driving the global pigments market?
4. What has been the impact of COVID-19 on the global pigments market?
5. What is the breakup of the global pigments market based on the application?
6. What are the key regions in the global pigments market?
7. Who are the key players/companies in the global pigments market?
Pigments are a set of insoluble, colored chemical compounds that are incorporated in the medium and mixed physically. They aid in absorbing the light of selective wavelength for emitting colors through transmission, hiding the substrate, and enhancing the surface property of the material. On account of these applications, pigments are extensively deployed as a key component in paints, coatings, plastics, printing inks, and light-emitting sources. At present, they are broadly categorized in two varying pigments forms, including organic and Inorganic. Amongst these, organic pigments are extracted from natural sources, whereas inorganic or synthetic pigments are derived from petrochemicals or synthesized from calcinations.
Pigments Market Trends
The widespread adoption of pigments across various industrial verticals, such as commercial, residential, electronics, and automotive, due to the increasing demand for high-quality paints with metallic luster is primarily driving the market toward growth. This is further supported by the increasing awareness regarding the several benefits offered by the pigments, including protection against high temperature, ultraviolet (UV) radiation, blowing sand, acid rain, and corrosive materials. In line with this, the rising environmental concerns amongst consumers have prompted manufacturers to shift toward organic and eco-friendly, high-performance pigments (HPP), which, in turn, is positively stimulating the market growth across the globe.Additionally, the extensive utilization of pigments in cosmetics, liquids, fruits, paint, paper, textiles, leather, shoe polish, candles, wood, and bamboo is contributing to the market growth. The significant expansion in the construction activities, along with the favorable initiatives undertaken by the government bodies of different nations for investing in constructing cost-effective housing facilities, are further propelling the market growth. Other factors, such as strategic collaborations amongst key players and the rising investments in the research and development (R&D) activities for introducing digital inks, are providing an impetus to the market growth.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global pigments market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product type, color index and application.Breakup by Product Type:
- Organic Pigments
- Azo Pigments
- Phthalocyanine Pigment
- Quinacridone Pigment
- Other Organic Pigments
- Inorganic Pigments
- Titanium Dioxide Pigments
- Iron Oxide Pigments
- Cadmium Pigments
- Carbon Black Pigments
- Chromium Oxide Pigments
- Complex Inorganic Pigments
- Others
- Specialty Pigments
- Classic Organic Pigments
- Metallic Pigments
- High-Performance Pigments
- Light Interference Pigments
- Fluorescent Pigment
- Luminescent Pigments
- Thermo-Chromic Pigments
Breakup by Color Index:
- Reds
- Orange
- Yellows
- Blue
- Green
- Brown
- Others
Breakup by Application:
- Paints and Coatings
- Plastics
- Printing Inks
- Construction Materials
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Cabot Corporation, Dainichiseika Color & Chemicals Mfg. Co. Ltd., DIC Corporation, Dupont De Nemours Inc., Heubach GmbH, Kronos Worldwide Inc. (Valhi Inc.), Lanxess AG, Merck KGaA, Pidilite Industries Limited, Sudarshan Chemical Industries Limited, The Shepherd Color Company and Tronox Holdings PLC.Key Questions Answered in This Report
1. What was the size of the global pigments market in 2023?2. What is the expected growth rate of the global pigments market during 2024-2032?
3. What are the key factors driving the global pigments market?
4. What has been the impact of COVID-19 on the global pigments market?
5. What is the breakup of the global pigments market based on the application?
6. What are the key regions in the global pigments market?
7. Who are the key players/companies in the global pigments market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Pigments Market
6 Market Breakup by Product Type
7 Market Breakup by Color Index
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- BASF SE
- Cabot Corporation
- Dainichiseika Color & Chemicals Mfg. Co. Ltd.
- DIC Corporation
- Dupont De Nemours Inc.
- Heubach GmbH
- Kronos Worldwide Inc. (Valhi Inc.)
- Lanxess AG
- Merck KGaA
- Pidilite Industries Limited
- Sudarshan Chemical Industries Limited
- The Shepherd Color Company
- Tronox Holdings PLC.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 29.2 Billion |
| Forecasted Market Value ( USD | $ 56.2 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
