Pigments Market to Reach $36.58B by 2030 with 6.03% CAGR

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nikhat 09 Sep 2024

Pigments Market was valued at US$ 24.28 Bn in 2023 and is expected to reach at US$ 36.58 Bn in 2030. Global Pigments Market size is expected to grow at a CAGR of 6.03 % through the forecast period.

Pigments Market Values

The Pigments Market was valued at USD 24.28 billion in 2023 and is anticipated to grow significantly over the forecast period. With a projected compound annual growth rate (CAGR) of 6.03%, the market is expected to reach approximately USD 36.58 billion by 2030. This growth is driven by increasing demand across various industries such as paints and coatings, plastics, textiles, and cosmetics. Innovations in pigment technologies, along with the expanding applications in emerging markets, are further fueling market expansion. As industries continue to seek high-performance and sustainable pigment solutions, the market's robust growth reflects its essential role in enhancing product aesthetics and functionality.

Pigments Market Overview

Maximize Market Research, a leading international business consultancy firm, has released its highly anticipated "Pigments Market" Report, providing crucial insights into the market's potential in the Asia Pacific region. Despite economic challenges post the Covid lockdown period, the market has showcased resilience and an upward trend. The report positions the Asia Pacific region as a lucrative opportunity forPigments market and its component manufacturers over the next decade.

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Pigments Market Scope

Import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits are covered in thePigments market analysis report. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in thePigments market are examined in the report.

Pigments Market Segmentation

by Type

Specialty pigments
1. Classic Organic
2. Metallic
3. High performance organic
4. Light Interference
5. Complex Inorganic
6. Fluorescent
7. Luminescent/phosphorescent
8. Thermochromic
9. Others
Inorganic
1. Titanium Dioxide
2. Iron Oxide
3. Carbon Black
4. Chromium Compounds
5. Others
Organic
1. Azo
2.Phthalocyanine
3. Quinacridone
4. Others

In 2023, the organic pigments segment is anticipated to experience the highest growth in market share. Because of laws and policies like the Food and Drug Administration (FFDCA), the Code of Federal Regulations (CFR), and Generally Recognized as Safe (GRAS) in the context of food packaging, organic pigments are frequently utilized in printing ink applications. Typically, inorganic pigments are metallic salts that separate out of solutions. Throughout the projection period, specialty pigments will also expand in popularity. Due to its specific qualities, which include metallic tones and other special effects like color-shifting, specialized pigment is expected to displace inorganic and organic pigment in the future. Because organic pigment is formulated using plants, it will grow in popularity.
by Application

Paints Coatings
Plastics
Constructions
Paper Specialty
Printing Inks
Others

During the projection period, the Paints Coatings application category is anticipated to develop at the greatest compound annual growth rate (CAGR). For the paint and coatings sector to expand at a strong rate, more pigment will be needed. Due to rising infrastructure renovation operations and urbanization, construction is the second-largest application segment. Paper, textile, and leather are the top three application segments, with plastic coming in third. Printing inks, such as offset, water-based, solvent-based, and publication gravure inks, as well as decorative laminate inks, all contain colorants.
by Pigments Type

Titanium Dioxide
Carbon Black
Iron Oxides
Other Inorganic Pigments
Organic Pigments

The two most significant pigment types, titanium dioxide and iron oxide, are driving market expansion and have the highest compound annual growth rate (CAGR) during the course of the projection period. About 60% of the pigments used worldwide are white pigments like titanium dioxide (TiO2), which are mostly utilized in paints and coatings. The second most popular inorganic colored pigment is iron oxide pigment. Next in line is Carbon Black, which has numerous applications such as filling automobile tires and other rubber products. It can also be used as a black pigment.

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Pigments Market Key Players

1.Qingdao Zhongren Zhiye Biotechnology Co., Ltd.
2. Canon Kabushiki Kaisha
3. DIC Corporation
4. Cobot Corporation
5. Clariant International Ltd.
6. Hefei Sunrise Pigments Co., Ltd
7. BASF SE
8. Lanxess AG
9. Merck Group
10. Clariant AG
11. Pidilite Industries Limited
12. Huntsman International LLC
13. Tronox, Inc.
14. Chemours Company
15. Altana AG
16. Chemours Company
17. CRISTAL
18. Ferro Corporation
19. KRONOS Worldwide Inc.
20. Sun Chemical Corporation
21. Cathay Industries Group
22. Heubach GmbH
23. Gharda Chemicals Limited
24. Sudarshan Chemical Industries Limited

Table of content for the Pigments Market includes:

Part 01: Executive Summary

Part 02: Scope of thePigments Market Report

Part 03:Pigments Market Landscape

Part 04:Pigments Market Sizing

Part 05:Pigments Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Analysis

ThePigments market report comprises an extensive analysis of thePigments industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market's key geographies and highlights notable segments and sub-segments within the industry.

Key Questions answered in thePigments Market Report are:

What isPigments Market?
What is the forecast period of thePigments Market?
What is the competitive scenario of thePigments market?
Which region held the largest market share in thePigments Market?
What are the opportunities for thePigments Market?
What are the restraining factors in thePigments market?
Who are the key players of thePigments market?

Key offerings:

Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis byPigments
Landscape- Leading key players and other prominent key players.

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