Paint Pigments Market Report by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance, the global Paint Pigments market size was estimated at USD 28.62 billion in 2023 and is projected to reach USD 40.83 billion in 2030 at a CAGR of 5.21% during the forecast period 2023-2030.
Get Free Sample Report: https://www.delvens.com/get-free-sample/paint-pigments-market
Paint pigments are finely ground, coloured particles that are mixed into paint to give it colour. These pigments are responsible for the various hues and shades of paint. They can be derived from natural resources like minerals, plants, and animals, or they can be synthetically produced.
Pigments are combined with a binder, such as oil, water, or acrylic, to create the paint mixture that can be applied to surfaces. The specific type and combination of pigments used determine the paint’s colour, opacity and other characteristics.
The paint pigments market is expected to grow during the forecast period. This growth can be attributed to several factors. Firstly, the paints and coatings industry is one of the largest end-users of pigments. The growth of the industry is expected to drive the demand for pigments in the forecast period.
Moreover, there has been an increase in the demand for specialty pigments. Specialty pigments are used to impart specific properties to paints and coatings such as UV protection, heat resistance and corrosion resistance. The increasing demand for these types of pigments is expected to drive the growth of the paint pigment market. In addition, the automotive industry is another major end-user of pigments. The increasing demand for automobiles, especially in emerging economies, is expected to drive the demand for pigments in the forecast period.
Key Findings of Paint Pigments Market:
· Based on forms, the market is segmented into liquid and powder. The liquid form dominated the market in this segment as these coatings dry faster than those with a solvent base due to the fast evaporation of water from the coating layer.
· Based on mixture, the market is divided into solvent, binder and pigment. Solvent dominated the market in this segment as solvent makes up to a out 50-60% of the total volume. The solvent is responsible for dissolving the pigment and binder, and for allowing the paint to flow easily.
· Based on application, the market is bifurcated into residential coating, architectural products, industrial coatings, specialty coatings and others. The architectural products dominated the market in this segment. This is because architectural products often incorporate paint pigments to improve their appearance and provide colour options.
The prominent players in the Paint Pigments market are:
· ALTANA AG
· BASF SE
· Cabot
· Clariant
· DIC Corporation
· Dow
· Huntsman
· KRONOS Worldwide Inc
· LANXESS
· Lomon Billions
· Merck KGaA
· Nippon Kayaku
· Pidilite Industries Ltd
· Sensient Technologies
· Shanghai Road Dyestuffs and Chemicals
· Sudarshan Chemical Industries Limited and More
For More Inquiry Contact us: https://www.delvens.com/Inquire-before-buying/paint-pigments-market
The high cost of pigments, volatility of raw material prices and competition from substitutes might hamper the growth of the market during the forecast period.
Asia Pacific to Dominate the Paint Pigments Market:
Asia-Pacific is estimated to account for the largest market share during the forecast period due to the increasing demand for construction activities in China and India.
Moreover, increase of government spending in construction of affordable housing properties in India and China is expected to drive the growth of the market during the forecast period.
Recent Developments of Paint Pigments Market:
· In August 2022, Chemours started mining its newest sand mine in Florida, allowing the business to increase TiO2 output, which is used in white pigment. The new sand mine will be located in Putnam County, Florida, and will supply the company with a consistent source of high-quality sand for its titanium dioxide (TiO2) manufacturing. The new mine will produce up to 1.5 million tons of sand annually.
· In October 2021, KRONOS introduced 9900 Digital White pigment, a newly developed aqueous pigment concentrate designed to fulfill the demands of the digital printing industry. KRONOS Digital White is specially designed for exceptional storage stability and anti-settlement features in white water-based inkjet inks, offering superior opacity and the highest whiteness in prints.
Reasons to Acquire:
Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
Gain authentic and granular data access for the Paint Pigments Market to understand the trends and the factors involved in changing market situations.
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
Access Full Report: https://www.delvens.com/report/paint-pigments-market
In addition to the market data for the Paint Pigments Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
Frequently Asked Questions
· What are the years considered to study Paint Pigments Market intelligence report?
· What is the compound annual growth rate (CAGR) of the Paint Pigments Market?
· Which region holds the largest market share in Paint Pigments Market?
· Which region is the fastest growing in Paint Pigments Market?
· Who are the major players in Paint Pigments Market?
Access Related Reports:
Heat Transfer Fluids (HTF) Market
About Us:
Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
Contact us:
UNIT NO. 2126, TOWER B,
21ST FLOOR ALPHATHUM
SECTOR 90 NOIDA 201305, IN
+44-20-3290-6466
+1 214-377-1144
