Pigments Market To Impressive Growth, Revenue To Surge To $38.76 Bn By 2032

Zion Market Research has published a new report titled “Pigments Market By Product (Inorganic Pigment, Organic Pigment And Specialty Pigment) By End User (Paints And Coatings, Printing Inks, Plastics, Construction Material And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024-2032”. According to the report, global pigments market was valued at approximately USD 29.45 billion in 2023 and is expected to generate revenue of around USD 38.76 billion by end of 2032, growing at a CAGR of around 3.10% between 2024 and 2032.

Citing an instance, in March 2018, University of Eastern Finland published a new study in Scientific Reports stating that anthocyanins, which are naturally occurring pigments in berries, can enhance the functionalities of the sirtuin 6 enzymes in cancer tissues.

This review is based on a report by Zion Market Research, titled “Pigments Market By Product (Inorganic Pigment, Organic Pigment And Specialty Pigment) By End User (Paints And Coatings, Printing Inks, Plastics, Construction Material And Others) , And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024-2032”- Report at https://www.zionmarketresearch.com/report/pigments-market

As estimated in this report, the global pigments market stood at US$ 21.66 billion in 2017. Witnessing a tremendous rise during the period from 2017 to 2023, the revenue in this market is expected to reach US$ 27.56 billion by the end of the forecast period. The main products available in this market are inorganic pigments, organic pigments, and specialty pigments. Among the three, the demand for organic pigment is relatively higher and the trend is anticipated to remain so over the next few years, notes the pigments market research report.

Extensive Use In Paints & Coatings Applications To Boost Product Sales  

“Growing application in paints & coatings, plastics, printing inks, and construction material is predicted to drive the growth of pigments market over the coming years,” says the author of this study. Apart from this, beneficial product features such as water & oil insolubility and high tinting strength is likely to propel the demand for pigments market in the near future. Furthermore, escalating need for visual & aesthetics color appeal in vehicles as well as in buildings will further proliferate the product popularity.

Fluctuations witness in the product costs as a result of increase in the raw materials as well as crude oil prices is predicted to impinge the pigments market growth in the near future. Furthermore, with colorants such as lead sulfochromate, cadmium, molybdate sulphate, and lead chromate proved to have adverse impacts on human health as well as environment, it is foreseen to adversely affect the expansion of pigments market in the years to come.

Thriving Automotive & Construction Sectors To Aid APAC’s Regional Dominance

Regionally, North America has been leading the worldwide pigments market and is anticipated to continue on the dominant position in the years to come, states the pigments market study. The growing product demand along with rise in the middle-class population in countries such as China and India is one of the key factors behind the dominance of the Asia Pacific pigments market.

Furthermore, the rapidly emerging automobile and construction sectors in countries such as India, Japan, China, Indonesia and Malaysia  is likely to drive the product demand over the forthcoming years. For the record, APAC contributed a major chunk of pigments market share in 2017.

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

The global pigments market is segmented as follows:

By Product

• Inorganic Pigments
• Organic Pigments
• Specialty Pigments

By End-User

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

By Region

• 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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