Pigments Market Size to Surpass USD 25.9 billion by 2029, grow at a 5.5% CAGR

 

The careful efforts of professional forecasters, skilled analysts, and intelligent researchers have resulted in the creation of the Pigments Market research study. Companies can better understand the different types of consumers, consumer demands and preferences, perspectives on the product, purchasing intentions, reactions to individual products that are already on the market. Thanks to the detailed and current information provided in this report. By dealing with a wide range of market analyses, product definition, market segmentation, important developments, and the current vendor landscape through 2029, the Pigments Market Report offers a complete overview of the market.

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Market Overview (2023-2029):

Historical Market Size (2022): USD 16 billion in 2022

Forecast CAGR (2023-2029):  5.5%

Forecast Market Size (2029): USD 25.9 billion by 2029

Also, the vendor landscape and competitive scenarios of the Pigments market are broadly analysed to help market players gain competitive advantage over their competitors. Readers are provided with detailed analysis of important competitive trends of the Pigments market. Market players can use the analysis to prepare themselves for any future challenges well in advance. They will also be able to identify opportunities to attain a position of strength in the Pigments market. Furthermore, the analysis will help them to effectively channelize their strategies, strengths, and resources to gain maximum advantage in the market.

Key Developments in Pigments Market

• In September 2022, Venator Materials PLC became the first manufacturer and supplier of a premium TiO2 pigment grade for the delustering (reduction of sheen) of synthetic fibers such as polyester, viscose, and acrylic
• In September 2022, Epsilon Carbon, a producer of carbon black used in black pigments, announced plans to invest US$ 61 Mn to expand the capacity of its plant based in Karnataka, India, to 100,000 tons
• In April 2022, Heubach Group and SK Capital Partners, a private investment firm, acquired Clariant’s Global Colorants Business. The combined business is expected to operate under the Heubach brand.

Market Dynamics

Increase in Consumption of Paints & Coatings Augmenting Global Pigments Market

Pigments are extensively utilized in the formulation of paints, as they impart color. They also improve the esthetic appeal and offer heat and light stability to paints & coatings. The paints & coatings industry has expanded significantly in emerging economies due to industrial development in the last few years. The per capita consumption of paints in India, China, Singapore, South Korea, and the ASEAN and GCC countries is likely to increase significantly in the near future due to economic growth in these countries.

Surge in Production and Consumption of Plastics

Global production of plastics is increasing significantly, doubling in volume between 2023 and 2029, to reach 460 million tons. Rise in demand for plastics in packaging, automotive, and building & construction industries is driving the production of plastics worldwide. Unique and advantageous properties of plastic have enabled the material to be used as a substitute for wood, paper, and rubber.

Competitive Assessment:

The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The Pigments market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.

Leading market players in the Pigments market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the Pigments market is Clariant International Ltd (Switzerland), BASF (Germany), Cabot Corp. (U.S.), CPS Color AG (Switzerland), DIC Corp. (Japan), E.I. Du Pont De Nemours & Co. (U.S.), ECKART GmbH (Germany), Flint Group (Luxembourg), Heubach GmbH (Germany), Huntsman Corporatio and others.

Pigments Market Segmentation:

Pigments Market by Product Type, 2023-2029, (In USD Million), (Kilotons)

• Organic Pigments
• AZO
• Phthalocyanines
• High Performance
• INORGANIC PIGMENTS
• Iron Oxide
• Carbon Black
• Others

Pigments Market by Color, 2023-2029, (In USD Million), (Kilotons)

• Reds
• Phthalocyanine Blue and Greens
• Yellows
• Orange
• Brown
• Others

Pigments Market by Application, 2023-2029, (In USD Million), (Kilotons)

• Paints & Coatings
• Plastics
• Constructions
• Paper & Specialty
• Printing Inks
• Others

Regions included in the report Pigments Market:

• North America (U.S., Canada, Mexico)
• Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
• South America (Colombia, Brazil, Argentina, Rest of South America)
• Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Highlight the Following Key Factors:

• Business description: a detailed description of company operations and business departments.
• Company strategy: The analyst’s summary of the company’s business strategy.
• SWOT analysis: Detailed analysis of the company’s strengths, weaknesses, opportunities, and threats.
• Company History: The progress of major events related to the company.
• Main products and services: A list of the company’s main products, services, and brands.
• Main competitors: A list of the company’s main competitors.
• Important locations and subsidiaries: The company’s main locations and subsidiaries’ list and contact information.
• Detailed financial ratios of the past five years: The latest financial ratios come from the annual financial statements issued by companies with a history of five years.

What this report provides?

▶ GTM (Go-to-Market) strategy

▶ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer)

▶ Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status

▶ Recent market developments and it’s futuristic growth opportunities

▶ Customized regional/country reports as per request

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☛ Reliable Method: To ensure high-level data integrity, accurate analysis, and impeccable forecasts

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☛ Customization: On-demand customization of scope of the report to exactly meet your needs

Key Points from TOC:

1. Introduction
   • Research Scope
   • Market Segmentation
   • Research Methodology
   • Definitions and Assumptions
2. Executive Summary
3. Pigments Market Dynamics
   • Market Drivers
   • Market Restraints
   • Market Opportunities
4. Key Insights
   • Global Statistics — Key Countries
   • New Product Launches
   • Pipeline Analysis
   • Regulatory Scenario — Key Countries
   • Recent Industry Developments — Partnerships, Mergers and Acquisitions
5. Global Market Analysis, Insights and Forecast
6. Key Findings/ Summary
   • Pigments Market Analysis — By Product Type
   • Market Analysis — By Distribution Channel
   • Market Analysis — By Countries/Sub-regions
7. Competitive Analysis
   • Key Industry Developments
   • Global Pigments Market Share Analysis
   • Competition Dashboard
   • Comparative Analysis — Major Players
8. Company Profiles
   • Overview
   • Products and Services
   • SWOT Analysis
   • Recent developments
   • Major Investments
   • Regional Market Size and Demand
9. Strategic Recommendations

TOC Continued……………….

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