Pigments materials have high demand from various sectors such as automotive manufacturing, and paints and coatings industries which is projected to drive growth of the global pigments market significantly during the forecast period.
The global pigments market report has been segmented on the basis of product type, application, and region.
On the basis of product type, the global pigments market has been segmented into organic pigments, inorganic pigments, and specialty pigments. The inorganic pigments segment is expected to account for significant share in terms of revenue in the global pigments market over the forecast period. The inorganic segment is sub-segmented into titanium dioxide, carbon black, iron oxide, cadmium, and chromium compounds. The organic segment is sub-segmented into azo, phthalocyanine, and quinacridone. The specialty pigment segment in further sub-segmented into classic organic, metallic, light interference, high performance inorganic, complex inorganic, luminescent or phosphorescent, fluorescent, and thermochromics.
On the basis of application, the global pigments market has been segmented into paints and coatings, construction materials, plastics, and printing inks. The paints and coatings segment is estimated to account for major share in the global pigments market in terms of revenue, owing increasing demand from automotive industries.
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On the basis of region, the global pigments market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market in Asia Pacific is expected to account for major revenue share in the global pigments market. Pigments market in Asia Pacific is anticipated to register fastest growth in terms of revenue in the next ten years, owing to increasing demand from paints and coatings, construction materials, and printing inks in the countries in the region.
Key players operating in the global market include The Shepherd Color Company, Clariant, Huntsman Corporation, DIC Corporation, ECKART GmbH, BASF SE, Cabot Corporation, Sudarshan Chemical Industries Limited, Heubach GmbH, and Ferro Corporation.