According to the
report analysis, ‘GLOBAL PIGMENTS MARKET OUTLOOK TO 2022 – BY
ORGANIC PIGMENT (AZO, PHTHALOCYANINE & HPP) AND INORGANIC PIGMENT (TITANIUM
DIOXIDE, IRON OXIDE, CHROME BASED AND OTHERS) AND BY END USERS (PAINT &
COATINGS, PLASTICS, PRINTING INK, CONSTRUCTION AND OTHERS)’ states that the growth in global
pigments market by surge in paints and coatings and printings ink industry and
this market has registered a constant growth with the significant CAGR in the
last five years. Moreover, in the last years millions tons of organic,
inorganic and special pigments were marketed across the globe.
Pigment is a substance
which is used for changing the color of reflected whereas, a pigment must have
a huge tinting mobility related to the material color and must be stable in
solid form at moving temperature. The pigments which are not permanent are
known as fugitive and gets faded over the time with the exposure of light. On
the basis of region, APAC has been the largest manufacture followed by
Americas, Europe and Rest of the World whereas, the nation wise, China has been
the largest producer of Pigment followed by US, India, Germany, UK and Brazil.
Moreover, the stern execution of surrounding regulations has overblown the
global commodity pricing of many goods. The reputed leading players in the
ecosystem have invested in the underdeveloped latest products with producing,
environmental and cost sustainability in order to widen the product portfolio
and profile. Moreover, on the basis of type, the sales of inorganic pigment is
accounted the global pigment market in 2017 and China was the great consumer
for inorganic pigment followed by US, India other European, Asian and CIS
countries.
The performance of
organic pigment market is collateral to the advancement of the numerous coating
market sectors additional effects like color trend and substitution of lead chromates
majorly in appearing industries. Whereas, on the basis of application, the
paints and coating market is majorly accounted the global pigment market
meanwhile, the applications includes refinishing, automobile, architectural,
furniture, aerospace, decorative, industrial maintenance are the effective
application segments for paints. Moreover, paints and coatings was followed by
plastic market, construction, printing inks and several others.
The global pigment
market is full of organized and unorganized players whereas, this market is
dominated by the existence of organized players and these players have well
accepted the manufactured plants spread around the world meanwhile, the
unorganized producers usually have a restricted number of items, which are
personalized to gather the demand of only a few companies or the local industry
necessity. Moreover, besides from India and China, the construction and
transportation of pigment from other Asia Pacific regions is also likely to
increase in a significant manner. Therefore, in the coming years the global
market of pigment will grow more significantly over the decades with the more
production and export of pigments.
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