Pigments Market Huge Demand of Global Advanced Distribution Management Systems Market during 2022-2030

The report is titled as ‘Pigments Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the pigments market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The pigments market is expected to grow at a significant rate in the near future.

The global pigments market in 2020 is estimated for more than US$ 24,918.2 Mn and expected to reach a value of US$ 35,372.5 Mn by 2028 with a significant CAGR of 4.5%.

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Pigments Introduction

Pigments are the materials that change color of transmitted or reflected light. Pigments are used for coloring paint, plastic, fabric, cosmetics, food and other materials. The pigment powder is added to a binder, a relatively neutral or colorless material that suspends the pigments and gives adhesion to the paint. They also have high tinting strength, enhances the strength of the paint film and hides substrates. Pigments are widely being used in paint & coating industry, plastic industry, construction & building industry and others.

Pigments Market Dynamics

Increasing applications of specialty pigments in flexible packaging industry coupled with raising awareness about the sustainable environment are driving the pigments market. Moreover, the elevating demand for personalized and individual products and growing demand from end-user industry is further propelling the growth of this market.

Additionally, the advancement in technology followed by the research & developments activities in nanotechnology is also responsible for growing demand for pigments, globally. However, the fluctuating cost of raw materials and strict government norms may hamper the growth of this market.

The global pigments market is expected to increase at a significant CAGR over the forecast period owing to the elevated consumption of pigments majorly from paint and coating industry followed by plastic industry.

However, the application of pigments for personalized products coupled with renewable feedstock and advancements in technology is also propelling the growth of this market.

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Pigments Market Segmentation

The global pigments market is segmented on the basis of product type, application, and color index.

On the basis of product type, the global pigments market can be segmented into organic pigments, inorganic pigments, and specialty pigments. Organic pigments are further fragmented as azo pigments, phthalocyanine pigment, quinacridone pigment and other organic pigments. Whereas, inorganic pigments can be segmented into titanium dioxide, iron oxide, cadmium pigment, carbon black, chromium oxide, complex inorganic and other inorganic pigments.

Lastly, the specialty pigments segment can be fragmented into classic organic pigments, metallic pigments, high-performance pigments, light interference pigments, fluorescent pigment, luminescent pigments and thermochromic pigments. On the basis of application, the global pigments market can be segmented into paints & coatings, printing inks, plastics, construction materials and others. On the basis of Color Index, the global pigments market can be segmented into red, blue, green, orange, yellow, brown and others.

Pigments Market Regional Segmentation

On the basis of region, the global pigments market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America pigments market is expected to be the most dominating market throughout the forecast period. High standards of living and growing manufacturing and infrastructural developments boost the growth of pigments market.

MMC Overview on Pigments Market Report

The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.

A research report on the Pigments market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Pigments Market Key Players

Global pigments market is mainly dominated by BASF SE, Cabot Corporation, Clariant International Ltd., DIC Corporation, ECKART GmbH, Ferro Corporation, Heubach GmbH, Huntsman Corporation, Sudarshan Chemical Industries Ltd. and The Shepherd Color Company.

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