Ocean View, DE -- (SBWire) -- 04/13/2020 --The global pigments market will be witnessing promising growth on account of rising demand from the construction and printing ink industry. Paint and coating industry is a major contributor to the global construction sector which is proliferating on account of increasing urbanization and industrialization lately.
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Companies covered:
BASF SE, Merck Group, Ferro Corporation, Lanxess AG, Pidilite Industries Ltd., Clariant AG, DIC Corporation, Cathay Industries Group, Cristal, Tokan Material Technology Co., Ltd., Tronox, Inc and Huntsman International LLC.
In fact, in 2017, cement production in the U.S. was claimed to have increased to 86.3 million tons from 85.0 million tons in 2016. The pigments market trends are also estimated to observe considerable growth during the forecast period with increased spending on public infrastructure by governments worldwide.
According to reports, printing ink was one of the key customer products in 2017 and the segment is projected to grow at a substantial pace in the coming years. With rising demand from the packaging sector, printing ink industry is projected to become a USD 20 billion sector by 2020. Growth in the printing ink industry could also in turn become a major driving factor for colorants between 2018 to 2025.
In terms of revenue, the organic pigments market was slated to be the largest product segment in 2017 owing to its low-level of toxicity. Specialty pigments segment is most likely to experience gains due to factors like its vibrant colors and excellent luster that can ideally be used in plastics, paints & coatings and in cosmetic products. These pigments are used for enhancing the appearance, value, and performance of a product. They are also used in printing inks to create product packaging that would generate maximum consumer attraction, thereby boosting pigments market size.
Asia Pacific was slated to hold a major share in colorant market and is likely to grow at a considerable CAGR over the forecast period. Increase in the income of consumers could have a direct impact on the construction market which would augment APAC pigments market size.
In addition to this, North America has also recorded significant market size from the colorant segment. The region's paints & coating and plastic industries are growing at a considerable pace which would create immense growth opportunities for market players in the future. Moreover, with rising industrialization and urbanization, companies in North America are likely to observe huge demand for pigments during the
forecast timespan.
Regional Segment:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Main Features of the Global Pigments industry Research Report:
-The report delivers the market valuation as well as the projected growth rate of the global Pigments market spanning all years till 2026.
-The report also describes the major drivers of worldwide Pigments industry by considering as well as taking calculated risks, in tandem with identifying and testing new strategies.
-The research report endorses a detailed industry chain analysis. Also, it covers the production process of Organic Spice, upstream raw material supplier information, raw material costs, labor costs, manufacturing costs, marketing channels, as well as the downstream buyers of the Pigments market.
-The report provides detailed knowledge about the competitive scenario of the global Pigments industry, and also discusses the numerous marketing strategies adopted by companies to stay ahead in the competition.
-The report analyses the various market segments and also provides their contribution to the development of the global Pigments market.
