Paint Pigments Market Research Report, By Forms (Liquid and Powder), by Mixture (Solvent, Binder and Pigment), By Application (Residential Coating, Architectural Products, Industrial Coatings (Automotive, Consumer Products, and Aerospace), Specialty Coatings and Others) – Forecast To 2022
Market Overview:
According to a recent study report published by the Market Research Future, The global market of Paint Pigments has experienced an enormous growth over the past decade and is projected to gain prominence over the forecast period. The Market is forecasted to witness a phenomenal growth by 2022; with a striking CAGR during forecast period 2016-2022 and the global market will grow at higher rate of around 4.8 % during the forecast years.
Infrastructure spending is likely to boost Paint Pigments market during the forecast period. Globally, the paint & coating market is boosting the overall market which in turn has created a platform for paint pigment manufacturers to cover the market. Increasing competition with some colour index types, the need for specialty products in specific applications and the further globalization of both the pigment supplier and customer base. Additionally, the increase in demand for environmental and regulatory information and a more environmentally aware market overall.
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Competitive Dashboard :
BASF SE
Dow Chemical Company
Huntsman Corporation
Nippon Kayaku Company
Cabot Corporation
Clariant
Sensient Technologies
Synthesia
Shanghai Road Dyestuffs & Chemicals
Evonik Degussa
Ei Dupont De Nemours
Dic Corporation
Meanwhile, customers continue to desire pigments to help them reach new colour spaces with unique appearance to differentiate their products. The major trends and challenges influencing the global pigment market today include energy and TiO2 pricing.
However, the challenge in the market is keeping ahead of these trends. For instance, the automotive market space continues to push the boundaries on performance and cost efficiency with primer-less and compact, low film build coatings. This challenges pigment manufacturers to produce high hide, durable pigments that do not adversely impact gloss.
Paint Pigments Regional Analysis:
Geographically, Asia-Pacific is expected to be the fastest growing as well as the largest market by covering approximately 38% of the total market size, where China’s contribution to the overall market has created several opportunities to the local as well as global players. North America would be the second largest market in terms of value and volume.
APAC will be the leading Market:
APAC will be the dominating market for global paint pigment, accounting for more the 38% market share by 2022. This share is attributed to the growing demand from application segment, emerging economies, urbanization and increasing spending on infrastructure.
Paint Pigments Market Research Analysis:
It is expected that the market will growth rate at a CAGR of approximately 4.8% during the forecast period. The current challenge for the market is the unavailability of skilled labor, labor safety and fluctuating material costs. The growing population and urbanization in the emerging economies with increasing need for infrastructure in the region is driving the market of paint pigment over the next five years, especially in APAC. The residential coating is estimated to be the leading application segment
Global Paint Pigments Market Segmentations:
Paint Pigments Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation on the basis of Forms : Comprises Liquid and Powder and others.
Segmentation on the basis of Applications : Comprises Residential Coating, Architectural Products, Industrial Coatings (Automotive, Consumer Products, and Aerospace), Specialty Coatings and Others.
Segmentation on the basis of Mixtures : Comprises Solvent, Binder and Pigment.
Segmentation On the basis of Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Global Paint Pigments Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Contents
1 Report Prologue
2 Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
3 Research Methodology
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