Global Specialty Pigments Market 2016-2020

Overview of the global specialty pigments market

Technavio’s market research analyst predicts the global specialty pigments market to grow at a CAGR of more than 3% by 2020. Specialty pigments have peculiarly unique properties that make them an excellent option in several specialized applications including original equipment manufacturer (OEM), refinished, and high-end automobile industries. These pigments not only improve the aesthetic appeal of the substrate but also increase the functionality helping the paints and substrate bind together. These pigments also offer several advantages including metal effects, light interference, fluorescent and luminescent effects, pearlescent, and ultraviolet (UV) curing. At present, several vendors are developing paints and coatings that reflect heat rays from buildings, which has augmented the demand for these specialty pigments, as these can protect buildings against harsh weather, dampness, corrosion, fungi, and other destructive elements. With the increased investments in infrastructural development across the globe, the demand for durable and colorfast specialty pigments will also rise, leading to the overall growth of the market over the predicted period.

Geographically, APAC was the largest market for specialty pigments in 2015 and will post the highest growth rate over the forecast period. Factors such as enhanced customer lifestyles and the rising demand from construction and automotive industries are anticipated to drive the market growth in APAC. Moreover, the demand for durable, high-performance luster paints in the automotive segment will influence the specialty pigments market in the APAC region. Singapore, Indonesia, and Vietnam are the key contributors to the growth of the specialty pigments in APAC.

Competitive landscape and key vendors

The dominance of global vendors such as BASF, Clariant, DIC, Ferro, and Flint makes the global specialty pigments market highly competitive. These players have a vast geographical presence with production facilities located worldwide. The strong presence of the international players has made the market a highly consolidated one. To gain a competitive edge over their counterparts, several vendors are trying to foster multi-regional relationships with their raw material suppliers and are establishing new facilities in the emerging markets across the globe. Product placements and branding are key to operational excellence in the market which has prompted players to focus on the value proposition of their products.

Leading vendors in the market are -

• BASF
• Clariant
• DIC
• Ferro
• Flint

Other prominent vendors in the specialty pigments market include Dainichiseika Color & Chemicals, DayGlo, Dominion Colour, ECKART Effect Pigments, Flex Products, Merck, NEMOTO, and Toyo Ink Group.

Segmentation by type and analysis of the specialty pigments market

• Organic pigments
• Metal effect pigments
• High-performance pigments
• Light interference pigments
• Complex inorganic pigments
• Fluorescent pigments
• Luminescent pigments

The organic pigments segment dominated the market during 2015 as they are comparatively stronger than inorganic pigments in terms of color strength. These specialty pigments can resist temperatures of up to 572ºF.  These pigments can also handle a high pigment load for efficient dispersion. They have extensive usage in the paints and coatings industry. Also, with the growing number of manufacturers offering organic specialty pigments compared to any other specialty pigments, will be a major driver for the growth of this segment.

Segmentation by end-use and analysis of the specialty pigments market

• Paints and coatings
• Printing inks
• Plastics industry
• Toiletries

The paints and coatings industry is the chief revenue generator in the specialty pigments market and dominated the market in 2015. The rapid surge in infrastructure development across the globe has augmented the need for construction materials, including paints and coatings. Pigments are a crucial part of paints and coating industry and account for around one-third of the overall paint costs. Pigments enhance the coverage of coatings and impart the desired color. Some pigments also help in improving the anti-corrosive features of paints. The growing trend towards sustainable buildings is propelling the need for specialty pigments in the paint and coatings sector.

 Key questions answered in the report include

• What will the market size, market forecast and the growth rate be in 2020?
• What are the key factors driving the global specialty pigments market?
• What are the key market trends impacting the growth of the global specialty pigments market?
• What are the challenges to market growth?
• Who are the key vendors in the global specialty pigments market?
• What are the market opportunities and threats faced by the vendors in the global specialty pigments market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global specialty pigments market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Construction Paints and Coatings Market 2016-2020
• Global Dyes and Pigments Market 2016-2020
• Global Ceramic Coatings Market 2016-2020
• Global Industrial Coatings Market 2016-2020
• Global Residential Architectural Coatings Market 2015-2019