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Global Pigments Market Will Reach USD 27.56 Billion by 2023: Zion Market Research

According to the report, global pigments market was valued at approximately USD 21.66 billion in 2017 and is expected to generate revenue of around USD 27.56 billion by the end of 2023, growing at a CAGR of around 4.1%% between 2017 and 2023.

/EIN News/ -- New York, NY, March 22, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Pigments Market by Product (Inorganic Pigment, Organic Pigment, and Specialty Pigment) and End User: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2023”. According to the report, global pigments market was valued at approximately USD 21.66 billion in 2017 and is expected to generate revenue of around USD 27.56 billion by the end of 2023, growing at a CAGR of around 4.1%% between 2017 and 2023.

Pigments are also called as colorants. Pigments are water and oil insoluble natural and synthetic products that impart color to materials. They are dry substances which are usually pulverized.  It has high tinting strength as compared to the material it is added to. Pigments are dispersed in vehicles or substrates such as cosmetics, inks, plastics, coatings, paints, etc. Pigments are similar to dyes but dyes are soluble in water and pigments are insoluble in water or oil. They are generally chemical compounds which reflect only certain wavelengths of the visible light. 

Browse through 29 Tables & 23 Figures spread over 110 Pages and in-depth TOC on "Global Pigments Market: Industry Type, Size, Share, Trends and Forecast 2016 – 2022”.

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The pigments market is segmented on the basis of product into inorganic pigments, organic pigments, and specialty pigments. Organic pigment segment is expected to grow rapidly as it is preferred by manufacturers and health and safety conscious consumers.

The pigments market is segmented on the basis of end-user into paints and coatings, printing inks, plastics, construction material and others. Paints and coatings segment is expected to grow at the fastest rate across the globe over the forecast period.

Browse the full "Pigments Market by Product (Inorganic Pigment, Organic Pigment, and Specialty Pigment) and End User: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2023" report at https://www.zionmarketresearch.com/report/pigments-market

North America lacks in the growth of the pigment market as compared to the Asia Pacific and Europe. North America is expected to show a slow growth because of the stringent government rules in regards to the use of pigments.

Europe is the second largest regional market and is expected to show significant growth in the years to come due to the growth in the end-user application. These are almost used in every end-user application like paints, coatings, plastics, construction materials, cosmetics, etc.

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Asia Pacific dominates the global pigment market because of the developing regions like China and India. China is the biggest producer and consumer of pigments which is expected to increase the market of Asia Pacific. In Asia Pacific, the demand for pigments is expected to grow in the construction industry, inks, and paints. 

The Middle East and Africa and Latin America are expected to witness the least growth in comparison to other regions. In Middle East and Africa, UAE is expected to show higher growth because of the booming construction industry.

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Some of the key players in the global pigments market include The Shepherd Color Company, Clariant International Ltd., DIC Corporation, ECKART GmbH, BASF, Cabot Corp., Sudarshan Chemical Industries Ltd., Heubach GmbH, and Ferro Corporation. Major players are frequently engaged in mergers & acquisitions to retain their market share and diversify their product portfolio. 

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This report segments the global pigments market as follows:

Global Pigments Market: Product Segment Analysis

  • Inorganic Pigments
  • Organic Pigments
  • Specialty Pigments

Global Pigments Market: End-User Segment Analysis

  • Paints and Coatings 
  • Printing Inks
  • Plastics
  • Construction Material
  • Others 

Global Pigments Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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