Selbyville, DE -- (SBWIRE) -- 02/14/2019 -- Market Study Report, LLC, has put together a research study on 'Pigments market' which features a precise summary of the business valuation, SWOT Analysis, market size, revenue estimation and regional viewpoint of this business vertical. Moreover, the report accurately features significant opportunities and obstacles awaiting contenders of this industry and enlighten the present competitive landscape and corporate strategies adopted by 'Pigments market players. Pigments Market is forecast to exceed USD 18 billion; according to a new research report.

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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.

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.

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.

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.

Plastics and paints & coating industries in this region are growing at a healthy rate. These two industries are likely to create major chunk of product demand in North America. Established automobile manufacturing industry in the U.S. shall show a moderate product demand during the forecast timespan.

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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.

Pigments research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Kilo Tons and revenue in USD million from 2014 to 2025, for the following segments:

Pigments market, product by application

o Inorganic

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Titanium dioxide

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Iron oxide

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Cadmium pigments

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Carbon black

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Chromium oxide

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Others

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Organic

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Azo

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Phthalocyanine

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Quinacridone

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Others

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Specialty

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Classic organic

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Metallic

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o High performance organic

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Light interference

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Complex inorganic

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Fluorescent

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Luminescent

Paints & coatings

Printing inks

Plastics

Construction materials

Others

o Thermochromic

Paints & coatings

Printing inks

Plastics

Construction materials

Others

Pigments market by application

o Paints & coatings

o Printing inks

o Plastics

o Construction materials

o Others

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The above information is provided on a regional and country basis for the following:

o North America

U.S.

Canada

o Europe

UK

Germany

France

Spain

Italy

Russia

o Asia Pacific

China

India

Japan

Australia

Indonesia

Malaysia

o Latin America

Brazil

Mexico

o Middle East & Africa

South Africa

Saudi Arabia

UAE

Some of the Major Highlights of TOC covers:

Chapter 1: Methodology & Scope

Definition and forecast parameters

Methodology and forecast parameters

Data Sources

Chapter 2: Executive Summary

Business trends

Regional trends

Product trends

End-use trends

Chapter 3: Pigments Industry Insights

Industry segmentation

Industry landscape

Vendor matrix

Technological and innovation landscape

Chapter 4: Pigments Market, By Region

Chapter 5: Company Profile

Business Overview

Financial Data

Product Landscape

Strategic Outlook

SWOT Analysis

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