Pigments Market - Global Industry Analysis, Size, Share, Trends, Growth And Forecast 2012 – 2018
A recently released report from Transparency Market Research (TMR) forecasts that the global pigments market will grow at a CAGR of 4.5% between 2013 and 2018. TMR, a market intelligence firm based in the U.S., states that by 2020, the global pigments market will reach a market value of US$14.7 billion in terms of revenue and 4.4 million tons in volume terms. The report, titled “Pigments Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2012 - 2018”, is available for sale on the company website. According to this market research report, rising demand for specialty pigments, the growing market for coatings and paints, and the growth of the construction materials market drive the global market for pigments. Pigments play a vital role in the global colorants market. Prevailing industry trends indicate that the growing demand for paints and coatings from the global construction market will propel the global pigments market during the forecast period. High demand for energy-efficient solutions also drives the global pigments market.
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This TMR research study segments the global pigments market on the basis of type, end use, and geography. On the basis of type, this market is broadly categorized into organic pigments, inorganic pigments, and specialty pigments. The segment of organic pigments is further categorized into quinacridone, phthalocyanine, and azo. Other organic pigments include perylene, isoindoline, and carbazole violet. Various types of inorganic pigments are chromium oxide, carbon black, cadmium pigments, iron oxide pigments, and titanium dioxide. Thermochromic pigments, fluorescent pigments, metallic pigments, and light interference pigments are examples of specialty pigments. Daylight fluorescent pigments and thermochromic pigments are the two types that are used extensively by small and niche companies operating in the global pigments market.Based on end use, the global pigments market is categorized into construction materials, plastics, printing inks, and others, which includes ceramics, glass, paper, and rubber.
Geographically, the research report segments the global pigments market into Latin America, Europe, Asia Pacific, Europe, North America, and Rest of the World. The global pigments market will expand robustly in the years to come owing to the high economic growth rates of dynamic markets such as the U.S. and China. Most manufacturers in the global pigments market are focusing more towards developing eco-friendly and safe chemicals. There is a worldwide ban on the use of pigments such as lead sulfochromate yellow, lead chromate molybdate sulfate red, and cadmium pigments. Increasing raw material costs continue to be a major challenge to the global pigments market. Most companies operating in the global pigments market are focused towards using renewable feedstock in their production processes owing to the implementation of regulatory norms. The research report profiles the following major companies in the global pigments market: Merck, Ferro Corporation, Atlanta Ag, Lanxess Ag, Tronox Inc., Huntsman International LLC, Clariant International Limited, Rockwood Holdings Inc., and BASF SE.
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Pigments market - By type
- Titanium Dioxide
- Iron Oxide
- Cadmium Pigments
- Carbon Black
- Chromium Oxide
- Other inorganic pigments (Chromate, ultramarine)
- Classic Organic
- High performance organic
- Light Interference
- Complex Inorganic
Pigments market - By application
- Paints & Coatings
- Printing Inks
- Construction Materials
- Other (Rubber, Paper, Glass and Ceramic)
Pigments market - By geography
- North America
- Asia Pacific
- Latin America
- RoW (Rest of the World)
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.