Pigments Market Size & Share 2019 to 2026

Market Size by Product (Inorganic [Titanium Dioxide, Iron Oxide, Cadmium Pigments, Carbon Black, Chromium Oxide], Organic [Azo, Phthalocyanine, Quinacridone], Specialty [Classic Organic, Metallic, High Performance Organic, Light Interference, Complex Inorganic, Fluorescent, Luminescent, Thermochromic]) and Application (Paints & Coatings, Printing Inks, Plastics, Construction Materials), Regional Outlook, Growth Potential, & Forecast.
Report ID: GMI742
   |
Published Date: October 2019
 | 
Report Format: PDF

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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.
 

Pigments Market Outlook

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.
 

 

Volatility in the raw material price may negatively affect the product demand

Escalating raw material prices may hamper the product demand at some extent over the forecast period. Key raw materials used in pigments production are carbon-based molecules derived mainly from petroleum compounds, benzene, toluene, ethylene, naphthalene and a few acids. Volatility in the crude oil prices due to the political instability in the Middle East is likely to fuel the raw material prices in near future. However, shale gas discovery in North America is expected to negate the uncertainty in raw material supply and prices over the forecast timespan.
 

Pigments Market Analysis

Pigments Market by Product

Organic pigments business is currently witnessing developments in terms of product innovation and cost competitiveness and shall exhibit rise of over 5% CAGR by 2026. Manufacturers are focusing to produce more environment friendly dispersible products. Natural paint manufacturers are making sure that their materials are derived from sustainable sources and manufactured through environment friendly process.
 

They aim to minimize pollution, energy and waste throughout the life cycle of their products. Manufacturers have raised efforts to use recyclable packaging and started to declare their product ingredients to create awareness among the consumers. These paints are non-toxic and safe, they make the obvious choice for consumers concerned with environment conservation and protection. Demand for naturally derived materials is rising at a rapid pace from past few years and will grow with a healthy CAGR over 5% by 2026.
 

Pigments Market by application

Rapidly growing printing ink industry on account of growth in the e-commerce and package food business shall have positive impact on the pigments market over the forecast periods. Reduction in the per unit cost and developments in the packaging & textile industry will drive the digital printing demand over the forecast period. Colorants are used in the printing inks including solvent based packaging inks, offset inks, decorative laminate inks, water-based packaging inks and publication gravure inks.
 

Packaging & labels is the largest and fastest growing printing ink application segment. Furthermore, significantly growing e-commerce industry across the globe projected to drive the printing ink demand in coming years as it used on the packaging. According to the U.S. Department of Commerce, U.S. consumers spent USD 513 billion on the e-commerce sites in 2018. E-commerce represents 14.3% of the total retail sale in the country and has been growing with a CAGR over 10% from past several years. This healthy growth in the e-commerce industry shall boost the pigments market growth for printing inks in coming years.
 

Pigments Market by Region

Europe organic pigments business shall experience healthy growth numbers during the forecast timespan owing to the growing environmental awareness coupled with growth in the renovation activities in the region. Also, growing renovation activities in the region will accelerate the product demand in near future. According to the European Parliament, more than 40% buildings in the Europe are built before 1960 and 90% before 1990. Old building consumes more energy compared to the new ones due to which renovation activities in the region are expected to grow with a fast pace in coming years. Renovation is accounts for more than 57% of the construction activities in the region.
 

Asia Pacific accounted for over 40% share in the overall colorants market in 2018 and forecast to grow with a highest CAGR in coming years. This can be attributed to the rapidly growing automotive and construction industry in the region. According to the OICA, more than 60% of the global passenger and commercial vehicles are produced in the Asia Pacific. Abundant availability of the raw material such as steel and competitive labor cost is fueling the automotive manufacturing industry growth in the region past few years.
 

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.
 

The pigments market report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Kilo Tons and revenue in USD million from 2016 to 2026, for the following segments:

By Product

  • Inorganic
    • Titanium dioxide
    • Iron oxide
    • Cadmium pigments
    • Carbon black
    • Chromium oxide
    • Others
  • Organic
    • Azo
    • Phthalocyanine
    • Quinacridone
    • Others
  • Specialty
    • Classic organic
    • Metallic
    • High performance organic
    • Light interference
    • Complex inorganic
    • Fluorescent
    • Luminescent
    • Thermochromic

By Application

  • Paints & coatings
  • Printing inks
  • Plastics
  • Construction materials
  • Others

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
       
Authors: Kiran Pulidindi, Kunal Ahuja
Pigments Market Scope
  • Pigments Market Size
  • Pigments Market Trends
  • Pigments Market Analysis
  • Pigments Market Share

Report Content

Chapter 1. Methodology And Scope

1.1.  Methodology

1.2.  Market definition

1.3.  Market estimation & forecast parameters

1.4.  Data sources

1.4.1.    Primary

1.4.2.    Secondary

1.4.2.1.    Paid

1.4.2.2.    Unpaid

Chapter 2. Executive Summary

2.1.  Pigments industry 360° synopsis, 2016 – 2026

2.1.1.    Business trends

2.1.2.    Product trends

2.1.3.    Application trends

2.1.4.    Regional trends

Chapter 3. Pigments Industry Insights

3.1.  Industry segmentation

3.2.  Industry size and forecast, 2016 – 2026

3.3.  Industry ecosystem analysis

3.3.1.    Raw material analysis

3.3.2.    Manufacturing trends

3.3.3.    Profit margin

3.3.4.    Value addition

3.3.5.    Distribution channel analysis

3.3.6.    Vendor matrix

3.3.6.1.    List of key raw material suppliers

3.3.6.2.    List of key manufacturers/distributors

3.3.6.3.    List of key/potential customers

3.4.  Innovation & sustainability

3.4.1.    Patent analysis

3.4.2.    Technology landscape

3.4.3.    Production process

3.4.4.    Comparison of manufacturing techniques

3.4.5.    Future trends

3.5.  Industry impact forces

3.5.1.    Growth drivers

3.5.1.1.    Increasing demand for paints & coatings

3.5.1.2.    High demand from construction industry

3.5.1.3.    Growing package food and e-commerce industry

3.5.2.    Industry pitfalls & challenges

3.5.2.1.    Escalating raw material prices

3.5.2.2.    Stringent regulatory scenario

3.6.  Regulatory landscape

3.6.1.    U.S.

3.6.2.    Europe

3.6.3.    China

3.7.  Growth potential analysis

3.8.  Regional price trends

3.8.1.    Cost structure analysis

3.8.1.1.    R&D cost

3.8.1.2.    Manufacturing & equipment cost

3.8.1.3.    Raw material cost

3.8.1.4.    Distribution cost

3.8.1.5.    Operating cost

3.8.1.6.    Miscellaneous cost

3.8.2.    Price by product

3.8.3.    Price by application

3.9.  Competitive landscape, 2018

3.9.1.    Company market share analysis, 2018

3.9.2.    Top players analysis

3.9.3.    Brand analysis

3.9.4.    Key stakeholders

3.9.5.    Strategic dashboard

3.10.    Porter’s analysis

3.10.1.   Supplier power

3.10.2.   Buyer power

3.10.3.   Threat of new entrants

3.10.4.   Threat of substitutes

3.10.5.   Industry rivalry

3.11.    PESTEL analysis

Chapter 4.  Pigments Market, By Product

4.1.  Global pigments market product insights

4.2.  Inorganic

4.2.1.    Inorganic pigments market estimates and forecast, 2016 – 2026

4.2.2.    Inorganic pigments market estimates and forecast by region, 2016 – 2026

4.2.3.    Titanium dioxide

4.2.3.1.    Titanium dioxide pigments market estimates and forecast, 2016 – 2026

4.2.3.2.    Titanium dioxide pigments market estimates and forecast by region, 2016 – 2026

4.2.4.    Iron oxide

4.2.4.1.    Iron oxide pigments market estimates and forecast, 2016 – 2026

4.2.4.2.    Iron oxide pigments market estimates and forecast by region, 2016 – 2026

4.2.5.    Cadmium pigments

4.2.5.1.    Cadmium pigments market estimates and forecast, 2016 – 2026

4.2.5.2.    Cadmium pigments market estimates and forecast by region, 2016 – 2026

4.2.6.    Carbon black

4.2.6.1.    Carbon black pigments market estimates and forecast, 2016 – 2026

4.2.6.2.    Carbon black pigments market estimates and forecast by region, 2016 – 2026

4.2.7.    Chromium oxide

4.2.7.1.    Chromium oxide pigments market estimates and forecast, 2016 – 2026

4.2.7.2.    Chromium oxide pigments market estimates and forecast by region, 2016 – 2026

4.2.8.    Other inorganic pigments

4.2.8.1.    Other inorganic pigments market estimates and forecast, 2016 – 2026

4.2.8.2.    Other inorganic pigments market estimates and forecast by region, 2016 – 2026

4.3.  Organic

4.3.1.    Organic pigments market estimates and forecast, 2016 - 2026

4.3.2.    Organic pigments market estimates and forecast by region, 2016 – 2026

4.3.3.    Azo

4.3.3.1.    Azo pigments market estimates and forecast, 2016 – 2026

4.3.3.2.    Azo pigments market estimates and forecast by region, 2016 – 2026

4.3.4.    Phthalocyanine

4.3.4.1.    Phthalocyanine pigments market estimates and forecast, 2016 – 2026

4.3.4.2.    Phthalocyanine pigments market estimates and forecast by region, 2016 – 2026

4.3.5.    Quinacridone

4.3.5.1.    Quinacridone pigments market estimates and forecast, 2016 – 2026

4.3.5.2.    Quinacridone pigments market estimates and forecast by region, 2016 – 2026

4.3.6.    Others

4.3.6.1.    Other organic pigments market estimates and forecast, 2016 – 2026

4.3.6.2.    Other organic pigments market estimates and forecast by region, 2016 – 2026

4.4.  Specialty

4.4.1.    Specialty pigments market estimates and forecast, 2016 - 2026

4.4.2.    Specialty pigments market estimates and forecast by region, 2016 – 2026

4.4.3.    Classic organic

4.4.3.1.    Classic organic pigments market estimates and forecast, 2016 – 2026

4.4.3.2.    Classic organic pigments market estimates and forecast by region, 2016 – 2026

4.4.4.    Metallic

4.4.4.1.    Metallic pigments market estimates and forecast, 2016 – 2026

4.4.4.2.    Metallic pigments market estimates and forecast by region, 2016 – 2026

4.4.5.    High performance organic

4.4.5.1.    High performance organic pigments market estimates and forecast, 2016 – 2026

4.4.5.2.    High performance organic pigments market estimates and forecast by region, 2016 – 2026

4.4.6.    Complex inorganic

4.4.6.1.    Complex inorganic pigments market estimates and forecast, 2016 – 2026

4.4.6.2.    Complex inorganic pigments market estimates and forecast by region, 2016 – 2026

4.4.7.    Fluorescent

4.4.7.1.    Fluorescent pigments market estimates and forecast, 2016 – 2026

4.4.7.2.    Fluorescent pigments market estimates and forecast by region, 2016 – 2026

4.4.8.    Luminescent/phosphorescent

4.4.8.1.    Luminescent pigments market estimates and forecast, 2016 – 2026

4.4.8.2.    Luminescent pigments market estimates and forecast by region, 2016 – 2026

4.4.9.    Thermochromic

4.4.9.1.    Thermochromic pigments market estimates and forecast, 2016 – 2026

4.4.9.2.    Thermochromic pigments market estimates and forecast by region, 2016 – 2026

Chapter 5. Pigments Market, By Application

5.1.  Global pigments market application insights

5.2.  Paints & coatings

5.2.1.    Market estimates and forecast, 2016 – 2026

5.2.2.    Market estimates and forecast by region, 2016 – 2026

5.3.  Printing inks

5.3.1.    Market estimates and forecast, 2016 – 2026

5.3.2.    Market estimates and forecast by region, 2016 – 2026

5.4.  Plastics

5.4.1.    Market estimates and forecast, 2016 – 2026

5.4.2.    Market estimates and forecast by region, 2016 – 2026

5.5.  Construction materials

5.5.1.    Market estimates and forecast, 2016 – 2026

5.5.2.    Market estimates and forecast by region, 2016 – 2026

5.6.  Others

5.6.1.    Market estimates and forecast, 2016 – 2026

5.6.2.    Market estimates and forecast by region, 2016 – 2026

Chapter 6. Pigments Market, By Region

6.1.  Global pigments market region insights

6.2.  North America

6.2.1.    North America market estimates and forecast, 2016 – 2026

6.2.2.    North America market estimates and forecast by product, 2016 – 2026

6.2.3.    North America market estimates and forecast by application, 2016 – 2026

6.2.4.    U.S.

6.2.4.1.    U.S market estimates and forecast, 2016 – 2026

6.2.4.2.    U.S. market estimates and forecast by product, 2016 – 2026

6.2.4.3.    U.S. market estimates and forecast, by application, 2016 – 2026

6.2.5.    Canada

6.2.5.1.    Canada market estimates and forecast, 2016 – 2026

6.2.5.2.    Canada market estimates and forecast by product, 2016 – 2026

6.2.5.3.    Canada market estimates and forecast, by application, 2016 – 2026

6.3.  Europe

6.3.1.    Europe market estimates and forecast, 2016 – 2026

6.3.2.    Europe market estimates and forecast by product, 2016 – 2026

6.3.3.    Europe market estimates and forecast by application, 2016 – 2026

6.3.4.    Germany

6.3.4.1.    Germany market estimates and forecast, 2016 – 2026

6.3.4.2.    Germany market estimates and forecast by product, 2016 – 2026

6.3.4.3.    Germany market estimates and forecast by application, 2016 – 2026

6.3.5.    UK

6.3.5.1.    UK market estimates and forecast, 2016 – 2026

6.3.5.2.    UK market estimates and forecast by product, 2016 – 2026

6.3.5.3.    UK market estimates and forecast by application, 2016 – 2026

6.3.6.    France

6.3.6.1.    France market estimates and forecast, 2016 – 2026

6.3.6.2.    France market estimates and forecast by product, 2016 – 2026

6.3.6.3.    France market estimates and forecast by application, 2016 – 2026

6.3.7.    Italy

6.3.7.1.    Italy market estimates and forecast, 2016 – 2026

6.3.7.2.    Italy market estimates and forecast by product, 2016 – 2026

6.3.7.3.    Italy market estimates and forecast by application, 2016 – 2026

6.3.8.    Spain

6.3.8.1.    Spain market estimates and forecast, 2016 – 2026

6.3.8.2.    Spain market estimates and forecast by product, 2016 – 2026

6.3.8.3.    Spain market estimates and forecast by application, 2016 – 2026

6.3.9.    Russia

6.3.9.1.    Spain market estimates and forecast, 2016 – 2026

6.3.9.2.    Spain market estimates and forecast by product, 2016 – 2026

6.3.9.3.    Spain market estimates and forecast by application, 2016 – 2026

6.4.  Asia Pacific

6.4.1.    Asia Pacific market estimates and forecast, 2016 – 2026

6.4.2.    Asia Pacific market estimates and forecast by product, 2016 – 2026

6.4.3.    Asia Pacific market estimates and forecast by application, 2016 – 2026

6.4.4.    China

6.4.4.1.    China market estimates and forecast, 2016 – 2026

6.4.4.2.    China market estimates and forecast by product, 2016 – 2026

6.4.4.3.    China market estimates and forecast by application, 2016 – 2026

6.4.5.    India

6.4.5.1.    India market estimates and forecast, 2016 – 2026

6.4.5.2.    India market estimates and forecast by product, 2016 – 2026

6.4.5.3.    India market estimates and forecast by application, 2016 – 2026

6.4.6.    Japan

6.4.6.1.    Japan market estimates and forecast, 2016 – 2026

6.4.6.2.    Japan market estimates and forecast by product, 2016 – 2026

6.4.6.3.    Japan market estimates and forecast by application, 2016 – 2026

6.4.7.    Australia

6.4.7.1.    Australia market estimates and forecast, 2016 – 2026

6.4.7.2.    Australia market estimates and forecast by product, 2016 – 2026

6.4.7.3.    Australia market estimates and forecast by application, 2016 – 2026

6.4.8.    Indonesia

6.4.8.1.    Indonesia market estimates and forecast, 2016 – 2026

6.4.8.2.    Indonesia market estimates and forecast by product, 2016 – 2026

6.4.8.3.    Indonesia market estimates and forecast by application, 2016 – 2026

6.4.9.    Malaysia

6.4.9.1.    Malaysia market estimates and forecast, 2016 – 2026

6.4.9.2.    Malaysia market estimates and forecast by product, 2016 – 2026

6.4.9.3.    Malaysia market estimates and forecast by application, 2016 – 2026

6.5.  Latin America (LATAM)

6.5.1.    LATAM market estimates and forecast, 2016 – 2026

6.5.2.    LATAM market estimates and forecast by product, 2016 – 2026

6.5.3.    LATAM market estimates and forecast by application, 2016 – 2026

6.5.4.    Brazil

6.5.4.1.    Brazil market estimates and forecast, 2016 – 2026

6.5.4.2.    Brazil market estimates and forecast by product, 2016 – 2026

6.5.4.3.    Brazil market estimates and forecast by application, 2016 – 2026

6.5.5.    Mexico

6.5.5.1.    Mexico market estimates and forecast, 2016 – 2026

6.5.5.2.    Mexico market estimates and forecast by product, 2016 – 2026

6.5.5.3.    Mexico market estimates and forecast by application, 2016 – 2026

6.6.  Middle East & Africa (MEA)

6.6.1.    MEA market estimates and forecast, 2016 – 2026

6.6.2.    MEA market estimates and forecast by product, 2016 – 2026

6.6.3.    MEA market estimates and forecast by application, 2016 – 2026

6.6.4.    Saudi Arabia

6.6.4.1.    Saudi Arabia market estimates and forecast, 2016 – 2026

6.6.4.2.    Saudi Arabia market estimates and forecast by product, 2016 – 2026

6.6.4.3.    Saudi Arabia market estimates and forecast by application, 2016 – 2026

6.6.5.    South Africa

6.6.5.1.    South Africa market estimates and forecast, 2016 – 2026

6.6.5.2.    South Africa market estimates and forecast by product, 2016 – 2026

6.6.5.3.    South Africa market estimates and forecast by application, 2016 – 2026

6.6.6.    UAE

6.6.6.1.    UAE market estimates and forecast, 2016 – 2026

6.6.6.2.    UAE market estimates and forecast by product, 2016 – 2026

6.6.6.3.    UAE market estimates and forecast by application, 2016 – 2026

Chapter 7. Company Profiles

7.1.  BASF SE

7.1.1.    Business overview

7.1.2.    Financial data

7.1.3.    Product landscape

7.1.4.    SWOT analysis

7.1.5.    Strategic outlook

7.2.  Cristal

7.2.1.    Business overview

7.2.2.    Financial data

7.2.3.    Product landscape

7.2.4.    SWOT analysis

7.2.5.    Strategic outlook

7.3.  Clariant AG

7.3.1.    Business overview

7.3.2.    Financial data

7.3.3.    Product landscape

7.3.4.    SWOT analysis

7.3.5.    Strategic outlook

7.4.  Carl Schlenk AG

7.4.1.    Business overview

7.4.2.    Financial data

7.4.3.    Product landscape

7.4.4.    SWOT analysis

7.4.5.    Strategic outlook

7.5.  Cathay Industries Group

7.5.1.    Business overview

7.5.2.    Financial data

7.5.3.    Product landscape

7.5.4.    SWOT analysis

7.5.5.    Strategic outlook

7.6.  Tronox Limited

7.6.1.    Business overview

7.6.2.    Financial data

7.6.3.    Product landscape

7.6.4.    SWOT analysis

7.6.5.    Strategic outlook

7.7.  Tokan Material Technology Co., Ltd.

7.7.1.    Business overview

7.7.2.    Financial data

7.7.3.    Product landscape

7.7.4.    SWOT analysis

7.7.5.    Strategic outlook

7.8.  Pidilite Industries Limited

7.8.1.    Business overview

7.8.2.    Financial data

7.8.3.    Product landscape

7.8.4.    SWOT analysis

7.8.5.    Strategic outlook

7.9.  Merck Group

7.9.1.    Business overview

7.9.2.    Financial data

7.9.3.    Product landscape

7.9.4.    SWOT analysis

7.9.5.    Strategic outlook

7.10.    LANXESS AG

7.10.1.   Business overview

7.10.2.   Financial data

7.10.3.   Product landscape

7.10.4.   SWOT analysis

7.10.5.   Strategic outlook

7.11.    Ferro Corporation

7.11.1.   Business overview

7.11.2.   Financial data

7.11.3.   Product landscape

7.11.4.   SWOT analysis

7.11.5.   Strategic outlook

7.12.    Huntsman Corporation

7.12.1.   Business overview

7.12.2.   Financial data

7.12.3.   Product landscape

7.12.4.   SWOT analysis

7.12.5.   Strategic outlook

7.13.    DIC Corporation

7.13.1.   Business overview

7.13.2.   Financial data

7.13.3.   Product landscape

7.13.4.   SWOT analysis

7.13.5.   Strategic outlook

 

Authors: Kiran Pulidindi, Kunal Ahuja

For inquiries regarding discounts, bulk purchases, or customization requests, please contact us at [email protected]

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Base Year: 2018

Companies covered: 13

Tables & Figures: 374

Countries covered: 19

Pages: 267

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