Pigments Market By Product Type (Organic Pigments, Inorganic Pigments and Specialty Pigments), By Application (Paints and Coatings, Construction Materials, Plastics and Printing Inks), and By Region - Trends, Analysis and Forecast till 2030

Pigment Market accounted for USD 41.18 Billion in 2020 and is estimated to be USD 74.98 Billion by 2030 and is anticipated to register a CAGR of 6.2%.

The pigment is solid substances which improve appearances or impart color to the substrate. The pigment is insoluble material incorporated by mixing them via a proper medium. The pigment has high tinting strength as compared to other materials added in the mixture. It has three major functions such as impart color to medium, hide substrate and enhance the strength of paint film. Organic pigment includes carbon atoms that are non- toxic or have a low level of toxicity, therefore they are safer for the environment. Organic pigment is obtained from petroleum distillates, coal tar, succinic acid, phthalonitrile, and aniline. These pigments offer high color strength as well as high durability and are also available in a wide range of fresh colors, such as green, yellow, blue, orange, and red.

Increasing the Growth of pigment market

The increasing health concerns and health awareness is leading the customers to be more cautious about goods that are being used and have also led to incline more towards organic pigment. This inclination is helping to drive the growth of the pigment market. Also, increasing demand for applications such as paints and coatings, plastics, textile and printing ink is expected to foster the pigment market over the forecast period.

The companies such as BASP, DIC Corporation, and Jeco Group Ltd. are indulged in R&D activities to innovate and develop new products, which can create growth opportunities for the target market shortly. Moreover, nowadays people are more educated that have improved a purchased ability and that leads the customer to buy premium organic pigments. However, at the same time, it becomes intricate as a consumer is more focusing on products that are unsafe like some pigments, including molybdate sulfate, lead chromate, cadmium and lead sulfochromate, which are harmful to the environment. Thus, some pigments are highly regulated and have restrictions on their application.

Pigment market report has been segmented based on product type, application, and region.

Based on product type, the pigment market is segmented into organic pigment, inorganic pigment, lack pigment and synthetic. Based on the application, the pigment market is classified into paints and coatings, textiles, printing ink, and plastics and leather.

Regional Insights:

Pigment market accounted for USD 41.18 billion in 2020 and is estimated to be USD 74.98 Billion by 2030 and is anticipated to register a CAGR of 6.2%. Based on the region the pigment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East &Africa. The market in North America accounts highest revenue share to the pigment market due to the growing demand for advanced medical technologies. Asia Pacific market is projected to register a high CAGR over the forecast period owing to the growing trend of medical tourism, rising health awareness, coupled with a continuous growing demand for advanced medical technologies.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the pigment market report based on product type , application, and region.

Pigment Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

• Clariant
• BASF
• DIC Corporation
• Jeco Group
• Lily Group
• Lomon Billions
• Meghmani organics Limited
• Sudarshan chemicals limited
• Tronox

Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market.

• Clariant
• BASF
• DIC Corporation
• Jeco Group
• Lily Group
• Lomon Billions
• Meghmani organics Limited
• Sudarshan chemicals limited
• Tronox