Pigments Market Size

Pigments Market Size

Pigments Market size estimated at around USD 14.86 billion in 2018 and will rise at over 4.9% CAGR from 2019 to 2026.

Pigments are compounds that selectively absorb wavelengths of light, thus emitting a specific color or range of colors. They have high tinting strength owing to which small amount is needed when it is mixed with carrier or used on objects and are available under three major categories: organic, inorganic and specialty. Pigmenting compounds have been used from ancient times for various purposes, notably for body paint and dyeing purposes. These pigments were derived from natural sources such as botanical materials (beetroot, hibiscus, saffron, lapis lazuli, berries, etc.), animal waste, insects, and mollusks.

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Paints & coatings industry was valued at over USD 128 billion in 2018 and is anticipated to grow with a healthy growth numbers over the forecast period. Additionally, Asia Pacific construction industry size in 2018 was over USD 1,700 billion driven by growing residential and non-residential industry in the region. Moreover, increasing consumers demand for high quality paints such as those with metallic luster and increase in metallic luster coatings demand in the automobile market, shall accelerate specialty pigments market revenue over the forecast period.