Global Pigments Market to Grow at 4.5% CAGR, Restrained by Numerous Bottlenecks: Transparency Market Research
By Business Wire News
The pigments market, as an integral component of the colorant industry, has had to witness numerous challenges in the recent past, states Transparency Market Research in its latest report.
According to the research report titled “Pigments (Organic, Inorganic & Specialty) Market – Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2012 – 2018”, the global pigments market could grow to US$14.7 billion and 4.4 million tons by value and volume, respectively, by 2018. By value, the global market for pigments is estimated to grow at a CAGR of 4.5% from 2013 to 2018.
Pigments find application in numerous end-use industries such as printing inks, paints and coatings, plastics, rubber, construction materials, glass and ceramics, and paper. The market for pigments is driven by the rise in construction activities and demand for specialty pigments. However, this market has undergone various hurdles over the past few years. These include stringent government regulations with regard to production of pigments, volatile nature of raw material prices, surge in demand for purity and safety of pigments, and preference for waterborne and solvent-borne dispersions over pigment powders.
The pigments market is segmented on the basis of type into organic pigments (phthalocyanine, quinacridone, and azo), inorganic pigments (chromium oxide, iron oxide, titanium dioxide, carbon black, cadmium pigments, and others such as ultramarine and chromate), and specialty pigments (light interference, metallic, complex inorganic, classic organic, luminescent/phosphorescent, high performance organic, thermochromic, and fluorescent).
The prominent players profiled and studied in the global pigments market research report are BASF SE, DIC (Dainippon Ink & Chemicals) Corporation, Ferro Corporation, Tronox, Inc., Lanxess Ag, Rockwood Holdings, Inc., Huntsman International Llc, Atlanta Ag, Clariant International Limited, and Merck.
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Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.