Pigments Market Size, Share, Trends, Growth Analysis 2032

The global pigments market size was evaluated at $29.45 billion in 2023 and is slated to hit $38.76 billion by the end of 2032 with a CAGR of nearly 3.10% between 2024 and 2032.

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Pigments Market: Overview

The pigment is a type of colorant which is insoluble in liquids. Pigments are a substance that occurs in a plant or animal tissue and have a characteristic color. It is generally in a powdered form which is mixed in liquid to obtain paint, ink, etc. Pigment changes the color of the reflected or transmitted light because of its selective wavelength absorption property. It is stable in its solid form. Pigments are insoluble in water and oil or any other media to which they are added. They are not affected physically or chemically in the media or substance in which they are incorporated. Pigments are generally organic and inorganic pigments. Inorganic pigments there is the presence of a hydrocarbon ring and are members of porphyry family. Organic pigments are generally extracted naturally. Pigments are used to color paint, ink, plastic, fabric, cosmetics, food and other materials. Pigments also have non- coloring applications. For Instance, iron oxide pigments are used in lithium-ion batteries. Pigments are also prevented the surface from weathering and corrosion.

Growing construction sector is the major factor which drives the growth of global pigment market. People prefer high end quality paint due to which there is increase in the demand for pigment as pigment is used to make different types of paint like metallic paints. Pigments not only have coloring property but it also exhibits different properties like volume filler, and gives metallic effects. Increased industrial activities also act as a driver for the growth of the global pigment market. However due to the stringent laws in various countries there is a decrease in the growth of pigments market. This region mainly includes North America, where the policies for using pigments are stringent. Pigments are generally incorporated in crude oils for its application, but due to fluctuating crude oil prices, there is effect on the global pigments market as it acts as a restraint for market growth.

The study includes drivers and restraints for the pigments market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the pigments market on a global level.

In order to give the users of this report a comprehensive view on the pigments market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness.

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The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, product and regional expansion of major participants involved in the market.

Pigments Market: Segmentation

The study provides a decisive view on the pigments market by segmenting the market based on products, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on product, the market is segmented into inorganic pigments, organic pigments, and specialty pigments. The organic pigment is expected to exhibit the highest growth in the forecast period. As there is increase in awareness about the eco-friendly pigments, demand for organic pigment is expected to grow.

Based on the end user, the market is segregated into paints and coatings, printing inks, plastics, construction material and others. Paints and coatings segment is expected to grow at the fastest rate over the forecast period.

Pigments Market : Report Scope

Pigments Market: Regional Analysis

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East & Africa with its further bifurcation into major countries including the U.S., U.K., Germany, France, China, Japan, India, Brazil, etc. This segmentation includes demand for pigments market based on technology in all the regions and countries. 

Asia Pacific is projected to continue its supremacy, in global pigments market in the forthcoming years. The growth of this regional market is due to the increase in the demand for construction materials in the developing countries.

Pigments Market: Competitive Space

The global pigments market profiles key players such as:

• The Shepherd Color Company
• Clariant International Ltd
• DIC Corporation
• ECKART GmbH
• BASF, Cabot Corp
• Sudarshan Chemical Industries Ltd
• Heubach GmbH
• Ferro Corporation

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