Global Pigments Market 2017-2021
Pigments are colored or colorless substances that are insoluble in the vehicle or medium in which they are incorporated. They are usually available in powder form and can be organic or inorganic. Pigments can be either derived from minerals or produced synthetically. Pigments are responsible for absorption and reflection of light, which decides the physical appearance of the substrate. Pigments are also known to retain color better than dyes. The primary difference between a dye and a pigment is that the pigments are insoluble, while dyes are soluble.
Technavio’s analysts forecast the global pigments market to grow at a CAGR of 3.92% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global pigments market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Pigments Market 2017-2021
Technavio recognizes the following companies as the key players in the global pigments market: BASF, DIC, Ferro, Heubach, and LANXESS.
Other Prominent Vendors in the market are: Clariant, CRISTAL, Dainichiseika Color & Chemicals, DuPont, ECKART, Huntsman International, Kronos, LANSCO COLORS, and Tronox.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing prominence of sustainable paints. Paints and coatings consume large volumes of pigments. They are responsible for imparting color and finish along with protecting the surface from corrosion and harsh weather. Inorganic pigments are known to exhibit elastic properties and find use in applications that require metallic finishes.”
According to the report, one driver in the market is increased demand for effect pigments/solar reflective pigments. Effect pigments are characteristic of differentiated appearance. The automotive industry is particularly expected to benefit from the superior properties of effect pigments. Trend of effect pigments is growing in the automotive sector owing to their brilliant luster and chroma, reflection coupled with interference, enhanced orientation, reduced opacity, overall appearance, and durability. Although all pigments absorb, reflect, and transmit light, the degree of their performance varies. Solar radiation is one of the prime reasons for heat build-up. The infrared region is the primary cause for the increase in temperature.
Further, the report states that one challenge in the market is globalization of pigments market. The pigments market has set foot in a globalized environment. The largest end-users, paints and coatings sectors, are increasingly becoming global in their outlook. The pigment market is expected to follow the footsteps of these end-user industries. This effect is visible in China, where the production capacities have considerably reduced, and the global pigments market has started to accept the effects of globalization. Globalization trend impacts pigment supplier and manufacturers, and customer base. The pigment manufacturers are expected to provide consistent quality pigments worldwide, which is an additional pressure imparted to the pigment manufacturers.
BASF, DIC, Ferro, Heubach, LANXESS, Clariant, CRISTAL, Dainichiseika Color & Chemicals, DuPont, ECKART, Huntsman International, Kronos, LANSCO COLORS, and Tronox.
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