Pigments Market Share

Pigments Market Share

Some major manufacturing companies include:

• BASF
• Merck
• Lanxess
• DIC Corporation
• Clariant
• Huntsman
• Pidilite

Multinational companies in pigments industry have a major share in the market owing to strong distribution network. These companies are involved in strategic mergers & acquisitions to increase their foothold. For instance, in August 2019, BASF announce that DIC Corporation is going to acquire the global pigment business of the company at the cost of USD 1.27 billion. This acquisition will be completed by the end of 2020. This acquisition will further consolidate the industry and increase DIC Corporation’s dominance over the market.