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Cadmium Pigments Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4004

Cadmium pigments market size is projected to rise at a notable CAGR between the period 2022 and 2028, driven by higher consumption in stabilizers, coatings, electronic compounds, and specialized alloys. There is a strong obligation for high temperature-resistant materials in industrial paints. A vast number of business players are actively indulging in R&D activities for manufacturing bio-based cadmium pigments. The growing utility of plastics & ceramics coupled with the increasing adoption of cadmium pigmented engineering polymers in gas pipes, electricity cables, and fittings will act as significant contributors to the market progression.
 

Cadmium pigments are stable and inorganic coloring agents that find major application in coil coatings, ceramics, glasses, and industrial paints, and others. Fluctuating raw material prices and adverse health impacts are some factors that may negatively influence market growth. However, the dearth of substitutes and compliance with several stringent environmental degradation laws will add a positive edge to the product demand over the coming years.
 

With respect to type, the orange cadmium pigments market is slated to see significant growth with swelling adoption in various products to convey different colors. Cadmium orange is a warm, bright color that is derived from well-known cadmium pigments, selenide and sulfide, and ranges from yellow to red. It is widely used as a preferred alternative for oil paints and water, making it an ideal choice for artists.    
 

Based on applications, the demand for cadmium pigments in plastics will witness substantial progression owing to their excellent dispersity in multiple polymers to impart high opacity, good coloring, and tinting strength. This can be mainly ascribed to their inherent high-temperature resistance. On account of their insolubility in organic solvents, the pigments offer good thermal resistance to alkalis as well as help in extending the color life in plastics. They are also incorporated in manufacturing decorative glasses and in complex polymers processed at optimum temperatures to render unique durability and technical performance. The rising utility of plastics, along with rapid industrialization in Asia and the Middle East are factors that may favor the segment growth.
 

Asia Pacific cadmium pigments market share will grow significantly through 2027 due to the flourishing painting and coatings sectors notably in China, India, and Japan. The rising adoption of appliances and consumer electronics has led to the higher use of batteries in China and Japan. The increasing rate of plastic production and incessant utility of heat-resistant plastics across several applications has steered the demand for cadmium pigments. Apart from this, the rising penetration of ceramics and paints along with growing advancements in paper and ink verticals will drive the regional market expansion.
 

LANXESS, Tronox, Hunan Jufa Technology, Rockwood pigments, Carl Schlenk, Clariant, James M. Brown Ltd., Human Noli Enamel, Cathay Industries, Quanzhou Winitoor, Huntsman Corporation, Proquimac, BASF, and Tokan Material Technology are some of the well-known cadmium pigment manufacturers and suppliers.

 

Several of these firms are taking up various marketing and growth measures, including partnerships, acquisitions, and mergers, for consolidating their market presence and are constantly resorting to new product launches and production expansion strategies to extend their product base.
 

For instance, Clariant Pigments, in February 2021, introduced an advanced laboratory for pigments driven by significant investments in Johannesburg for supporting the escalating regional requirement for locally produced and sustainable colorants whilst increasing its footprint in Africa.
 

Effect of the COVID-19 crisis on cadmium pigments market forecast

The COVID-19 pandemic created multiple roadblocks for various businesses while significantly hampering the global economy. The industry for cadmium pigments also faced the heat of the outbreak on account of the weakened demand from paints and coatings, and ceramics & glasses sectors. However, with the resumption of most industrial operations in the present day, the market forecast is expected to pick up at a gradual pace over the next few years.


 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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