Pigments Market in Rapid Growth Mode as High Demand for Titanium Dioxide Pigments Continues

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Research
Pigments Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2023
Published Date
11-May-2016
349 Page Report
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Pigments Market to Reach US$31.98 bn by 2023; Specialty
Pigments to be Fastest-growing Product Segment : TMR
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Pigments Market
REPORT DESCRIPTION
Pigments Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
Pigments are the insoluble compounds that can be used to impart various color effects to substrates. These
substrates can be either protective coatings or provide a type of aesthetic layering. The pigments available
commercially today are not only able to imbue vibrant colors to the paints and coatings, but they are also able
to enhance the physical properties of the substrate. They can impart major improvements to the heat and
weather resistance of paints, while also increasing light fastness, opacity, or even transparency. Some of the
most commonly used pigments in multiple industries are compounds of chromium, carbon black, iron oxide,
and titanium dioxide.
The global pigments market was valued at US$22.86 bn in 2014. It is expanding at a CAGR of 33.8% within a
forecast period of 2015 to 2023, by the end of which it is expected to reach US$31.98 bn. The key players in
the global pigments market are BASF SE, Altana AG, Lanxess AG, The Shepherd Color Company, Pidilite
Industries Limited, Huntsman Corporation, Clariant AG, Merck Group, The Chemours Company, and Tronox
Limited.
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Construction and Auto Boom Spur Titanium Dioxide Demand
In terms of end users, the global pigments market can be segmented into construction materials, plastics,
printing inks, paints and coatings, and other segments that include paper, personal care, etc. The ongoing
construction boom has been one of the greater reasons for the growth of the global pigments market. Another
industry which is expanding rapidly and is imparting a faster growth rate to pigment demand is the automotive
industry.
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Both end-user sub-segments are creating a major increase in the demand for titanium dioxide, which is the
most commonly used pigment in the two industries. They are responsible for making paints and coatings the
largest end-user segment in the global pigments market for 2014. The segment of paints and coatings is
expected to rise further in the near future due to the increasing disposable income of individuals in both
developed and developing economies.
Specialized Pigments to be Fastest-growing Segment in Global Pigments Market
The global pigments market can be segmented based on the product types into inorganic pigments, organic
pigments, and specialty pigments. The segment of specialty pigments is expected to be the fastest-growing
segment in the market, owing to a growing demand for pigments that offer a greater aesthetic value. As the per
capita income increases, a larger percentage of consumers are shifting preferences from basic utility-based
pigments to those that better impact aesthetics and desirability of an object or surface. This is true especially
for the use of metallic pigments in coatings and paints used for decorative purposes.
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The use of paints and coatings is also expected to rise significantly in the Asia Pacific region, which had
already held the dominant share of 40% in 2014, owing to the high demand emerging from the automobiles
and construction industries. The second-largest regional segment in 2014 was Europe, followed by North
America. The rest of the world, including Latin America and the MEA region, is expected to show a significant
rise in consumption rates.
TABLE OF CONTENT
Chapter 1 Preface
Report Description
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Research Scope
Assumptions
Market Segmentation
Research Methodology
Chapter 2 Executive Summary
Global Pigments Market, 2014–2023, (Kilo Tons) (US$ Mn)
Pigments: Market Snapshot
Chapter 3 Pigments Market – Industry Analysis
Introduction
Value Chain Analysis
Inorganic Pigments
Organic Pigments
Specialty Pigments
Market Dynamics
Drivers
Driver 1 – Increasing Consumption of Paints & Coatings in Major End-user Segments
Driver 2 – Augmented Production and Consumption of Plastics
Restraints
Restraint 1 – Stringent Environmental and Health Regulations Associated with Pigments Industry
Opportunity
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Opportunity 1 – Emergence of Nanotechnology in Pigment Development Process
Porter’s Five Forces Analysis
Bargaining Power of Suppliers
Bargaining Power of Buyers
Threat of New Entrants
Threat of Substitutes
Degree of Competition
Pigments: Market Attractiveness Analysis
Market Attractiveness Analysis, by Inorganic Pigments
Market Attractiveness Analysis, by Organic Pigments
Market Attractiveness Analysis, by Specialty Pigments
Market Attractiveness Analysis, by End-user
Company Market Share – Global Inorganic Pigments Market (%) (2014)
Company Market Share – Global Organic Pigments Market (%) (2014)
Company Market Share – Global Specialty Pigments Market (%) (2014)
Chapter 4 Raw Material and Price Trend Analysis
Raw Material Analysis – Manufacturing/Extraction Process
Pigments Price Trends, 2014–2023 (US$/Ton)
Chapter 5 Global Pigments Market – Product Segment Analysis
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Global Inorganic Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Titanium Dioxide Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Iron Oxide Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Cadmium Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Carbon Black Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Chromium Compounds Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Other Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Organic Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Azo Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Phthalocyanine Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Quinacridone Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Others Organic Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Specialty Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Classic Organic Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Metallic Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global High Performance Organic Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Light Interference Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Complex Inorganic Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Fluorescent Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
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Global Luminescent/Phosphorescent Inorganic Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
Global Thermochromic Pigments Market, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Chapter 6 Market Segmentation – End-user Analysis
Global Pigments Market – End-user Analysis
Global Pigments Market for Paints & Coatings, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Pigments Market for Printing Inks, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Pigments Market for Plastics, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Pigments Market for Construction Materials, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Global Pigments Market for Other Applications, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Chapter 7 Market Segmentation – Regional Analysis
Global Pigments Market Snapshot
North America Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
North America Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
North America Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
North America Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
North America Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
U.S. Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
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Pigments Market
U.S. Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
U.S. Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$
Mn)
U.S. Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
U.S. Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Rest of North America Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
Rest of North America Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–
2023, (Kilo Tons) (US$ Mn)
Rest of North America Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023,
(Kilo Tons) (US$ Mn)
Rest of North America Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–
2023, (Kilo Tons) (US$ Mn)
Rest of North America Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
Europe Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Europe Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
Europe Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
Europe Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
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Europe Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Germany Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$
Mn)
Germany Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
Germany Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
Germany Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
Germany Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
France Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
France Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
France Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
France Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
France Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
U.K. Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
U.K. Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
U.K. Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$
Mn)
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U.K. Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
U.K. Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Italy Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Italy Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
Italy Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$
Mn)
Italy Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
Italy Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Spain Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Spain Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
Spain Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
Spain Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
Spain Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Rest of Europe Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
Rest of Europe Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
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Rest of Europe Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
Rest of Europe Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
Rest of Europe Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Asia Pacific Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$
Mn)
Asia Pacific Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
Asia Pacific Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
Asia Pacific Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
Asia Pacific Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
China Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
China Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
China Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
China Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
China Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
India Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
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Pigments Market
India Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
India Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$
Mn)
India Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
India Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
ASEAN Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
ASEAN Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
ASEAN Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
ASEAN Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
ASEAN Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Rest of Asia Pacific Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
Rest of Asia Pacific Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023,
(Kilo Tons) (US$ Mn)
Rest of Asia Pacific Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023,
(Kilo Tons) (US$ Mn)
Rest of Asia Pacific Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023,
(Kilo Tons) (US$ Mn)
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Rest of Asia Pacific Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$
Mn)
Latin America Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
Latin America Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
Latin America Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
Latin America Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
Latin America Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Brazil Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Brazil Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
Brazil Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
Brazil Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
Brazil Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Rest of Latin America Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
Rest of Latin America Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–
2023, (Kilo Tons) (US$ Mn)
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Rest of Latin America Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023,
(Kilo Tons) (US$ Mn)
Rest of Latin America Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–
2023, (Kilo Tons) (US$ Mn)
Rest of Latin America Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$
Mn)
Middle East & Africa Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
Middle East & Africa Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023,
(Kilo Tons) (US$ Mn)
Middle East & Africa Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023,
(Kilo Tons) (US$ Mn)
Middle East & Africa Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023,
(Kilo Tons) (US$ Mn)
Middle East & Africa Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$
Mn)
GCC Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
GCC Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
GCC Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$
Mn)
GCC Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons)
(US$ Mn)
GCC Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
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South Africa Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$
Mn)
South Africa Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
South Africa Organic Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
South Africa Specialty Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
South Africa Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo Tons) (US$ Mn)
Rest of Middle East & Africa Pigments Market – Product Segment Analysis, Volume & Revenue, 2014–2023,
(Kilo Tons) (US$ Mn)
Rest of Middle East & Africa Inorganic Pigments Market – Product Segment Analysis, Volume & Revenue,
2014–2023, (Kilo Tons) (US$ Mn)
Rest of Middle East & Africa Organic Pigments Market – Product Segment Analysis, Volume & Revenue,
2014–2023, (Kilo Tons) (US$ Mn)
Rest of Middle East & Africa Specialty Pigments Market – Product Segment Analysis, Volume & Revenue,
2014–2023, (Kilo Tons) (US$ Mn)
Rest of Middle East & Africa Pigments Market – End-user Analysis, Volume & Revenue, 2014–2023, (Kilo
Tons) (US$ Mn)
Chapter 8 Company Profiles
Altana AG
BASF SE
Carl Schlenk AG
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Pigments Market
Cathay Industries Group
Clariant AG
CRISTAL
DIC Corporation
Ferro Corporation
Huntsman Corporation
ISHIHARA SANGYO KAISHA, LTD. (The ISK Group)
Lanxess AG
Meghmani Group of Industries
Merck Group
Pidilite Industries Limited
Sudarshan Chemical Industries Limited
The Chemours Company
The Shepherd Color Company
Tokan Material Technology Co., Ltd (TOMATEC)
Tronox Limited
Chapter 9 Primary Research – Key Findings
Chapter 10 List of Key Customers
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Pigments are the insoluble compounds that can be used to impart various color effects to substrates. These substrates can be either protective coatings or provide a type of aesthetic layering. The pigments available commercially today are not only able to imbue vibrant colors to the paints and coatings, but they are also able to enhance the physical properties of the substrate. They can impart major improvements to the heat and weather resistance of paints, while also increasing light fastness, opacity, or even transparency. Some of the most commonly used pigments in multiple industries are compounds of chromium, carbon black, iron oxide, and titanium dioxide.