Global Pigments Market 2017-2021

Overview of the global pigments market

Effect pigments exhibit superior properties which are very useful in automotive industry. Effect pigments possess brilliant luster and chroma, reflection coupled with interference, enhanced orientation, reduced opacity, overall appearance, and durability which makes it ideal for automotive sector. Technavio’s market research report has identified increased demand for effect pigments and solar reflective pigments as one of the primary factors that will fuel the growth of the pigments market in the coming years. The solar reflective pigments are gaining traction as they can counter the heat island effect in urban areas. These pigments can upgrade passenger comfort and help in convection cooling. These factors are majorly responsible for increasing the demand for pigments. Technavio’s market research analysts predict that this global market will register a revenue of more than USD 35 billion by 2021.

The increased demand for pigments with functional benefits is one of the key trends that will gain traction in the pigments market during the next few years. Inorganic pigments find applications in upgrading aesthetics and functional values in both paints and plastics. Inorganic pigements protect buildings against bad weather conditions, dampness, corrosion, fungi, and other destructive influences. Moreover, few inorganic pigments also act as plasticizers and provide functional benefits such as light reflection, opacity, and gas and vapor barrier in addition to providing heat-reflecting properties.

Competitive landscape and key vendors

The pigments market appears to be fragmented due to the presence of both international and regional players. These vendors are focusing on enhancing their product offerings and increasing their customer base by adopting various marketing and advertising strategies. The market is competitive and the pigments manufacturers mainly compete based on factors such as price, innovation, quality, performance, and customer service.

The leading vendors in the market are-

• BASF
• DIC
• Ferro
• Heubach
• LANXESS

The other prominent vendors in the market are Clariant, CRISTAL, Dainichiseika Color & Chemicals, DuPont, ECKART, Huntsman International, Kronos, LANSCO COLORS, and Tronox.

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

• Paints and coatings
• Plastics
• Printing inks

During 2016, the paints and coatings segment accounted for the major shares of the pigments market. Inorganic pigments are used in several coating applications including industrial coatings, powder coatings, heat resistant coatings, and weatherproof coatings. With the growth in infrastructure development across the globe that drives the need for construction materials, this segment will offer considerable growth opportunities to pigments manufacturers in the coming years.

Segmentation by geography and analysis of the pigments market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the pigments market throughout the forecast period. The emerging economies such as China and India will account for the major demand for pigments in the region. The growth of the paints and coating sector in countries such as Thailand, Malaysia, and Vietnam will play a major role in driving this market’s growth prospects in APAC.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global pigments market?
• What are the key market trends impacting the growth of the global pigments market?
• What are the challenges to global pigments market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global 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 pigments market?

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