LONDON, June 22, 2022 (GLOBE NEWSWIRE) -- Predominantly driven by rising consumption by manufacturers of printing inks, the global market for pigments is all set to surpass the valuation of US$40 Bn toward the end of 2025. Fairfield Market Research in its recent report forecasts a steady growth outlook for pigments market during 2021 – 2025. The study highlights various end-use industries like paints and coatings, plastics, leather, and paper as the key contributors toward pigment consumption.
Key Highlights
- Pigment sales to account for a stable 4.6% growth in revenue between 2021 and 2025
- More than 50% of the total demand to be contributed by the paints and coatings industry
- TiO2 continues to be the most sought-after pigment, accounting for over 65% of global demand
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Paint and Coatings Industry Largest Consumer Segment
The building and construction industry’s rapid progress will remain the key factor behind pigment consumption by paints and coatings manufacturers. Although hit hard by a major downfall of building and construction projects worldwide amid COVID-19 pandemic, the market is now fast recovering. Demand from paints and coatings industry is expected to account for more than half of the global demand. Printing inks is also likely to be an important segment generating significant demand for high-quality pigments.
TiO2 Sales Remain Dominant
Global pigment production was recorded over 10 MT in 2018. Nearly 65% of total pigment consumption was of titanium dioxide (TiO2) the same year. The trend will continue throughout the forecast period, says the report. Besides, carbon black, iron oxide is projected to be popular within the inorganic pigments segment. Meanwhile, organic and speciality pigments are also gaining ground owing to extending application bases. Developed markets also witness mounting demand for eco-friendly pigments.
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Market Activity Concentrated in Asia Pacific
Asia Pacific is a highly significant market for pigments in terms of both production, and consumption. The region has been a preferred production base over the past few decades, with China, and India especially housing major producers. Regulatory compliance will remain a crucial factor with regards to lead chromate and volatile organic compounds (VOCs) production. While this region will continue to gain from thriving market for decorative coatings, the market in North America, and Europe is likely to benefit from sustained sales of industrial coatings.
The key players are DIC Corporation, KRONOS Worldwide Inc., Venator Materials PLC, Clariant, The Chemours Company.
REPORT SCOPE & SEGMENTATION:
| REPORT FEATURES | DETAILS |
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| Application Coverage |
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| Geographical Coverage |
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| Leading Companies |
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| Report Highlights | Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Product-, Application-, Region-, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain), Key Trends |
Table of Contents:
1. Executive Summary
1.1. Global Pigments Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.6. Economic Overview
2.7. Raw Materials Impact Analysis
3. Production Output and Trade Statistics, 2018-2020
4. Price Trends Analysis and Future Projects, 2017 - 2025
4.1. Key Highlights
4.2. By Product/By End-user/By Application
4.3. By Region
5. Global Pigments Market Outlook, 2017 - 2025
5.1. Global Pigments Market Outlook, by Product, Volume (Tons) and Value (US$ Mn), 2017 - 2025
5.1.1. Key Highlights
5.1.1.1. Inorganic
5.1.1.1.1. Titanium Dioxide
5.1.1.1.2. Iron Oxide
5.1.1.1.3. Carbon Black
5.1.1.1.4. Chromium Compounds
5.1.1.1.5. Misc.
5.1.1.2. Organic
5.1.1.2.1. Azo
5.1.1.2.2. Phthalocyanine
5.1.1.2.3. Quinacridone
5.1.1.2.4. Misc.
5.1.1.3. Specialty
5.1.1.3.1. Classic Organic
5.1.1.3.2. Metallic
5.1.1.3.3. High performance organic
5.1.1.3.4. Light Interference
5.1.1.3.5. Complex Inorganic
5.1.1.3.6. Fluorescent
5.1.1.3.7. Luminescent/phosphorescent
5.1.1.3.8. Thermochromic
5.1.1.3.9. Misc.
5.1.2. BPS Analysis/Market Attractiveness Analysis
5.2. Global Pigments Market Outlook, by End-user, Volume (Tons) and Value (US$ Mn), 2017 - 2025
5.2.1. Key Highlights
5.2.1.1. Paints & Coatings
5.2.1.2. Printing Inks
5.2.1.3. Plastics
5.2.1.3.1. Commodity Plastics
5.2.1.3.2. Engineered Plastics
5.2.1.4. Construction Materials
5.2.1.5. Misc.
5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Global Pigments Market Outlook, by Region, Volume (Tons) and Value (US$ Mn), 2017 - 2025
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Latin America
5.3.1.5. Middle East & Africa
5.3.2. BPS Analysis/Market Attractiveness Analysis
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