Global Pigment Growth Opportunities
New York, December 21, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Global Pigments Growth Opportunities” – https://www.reportlinker.com/p06192556/?utm_source=GNW
The scope of the study includes the analysis of Pigments market on the basis of major types and subtypes of pigments, applications and geographies.
The study includes an analysis of the pigments market with a focus on three key product segments namely, inorganic pigments, organic pigments and effect pigments. It further quantifies the consumption of key subtypes within each of these product segments.
In addition, the study also analyzes individual pigment segments on the basis of key applications, such as paints and coatings, plastics, inks, building materials, and paper, among others. It highlights the consumption of individual pigment types in five key regions. segments namely North America, Latin America, Europe, APAC and MEA.
The study quantifies the consumption and provides the corresponding dollar value for the individual segments and geographies for the period 2017 to 2027. The relatively mature pigments market has seen significant consolidation over the past five years. The market, characterized by a handful of global companies and a large number of small and medium-sized enterprises operating regionally, continues to witness a constant increase in competition and erosion of margins, a commodification. fast and a supply-demand imbalance. The trend should continue to lead to a wave of consolidations in the industry in the medium term. On the other hand, the growing importance of disruptive forces, including the shift to sustainability and the circular economy, the emergence of a plethora of transformative technologies, such as autonomous vehicle systems, and the regulatory scenario more and more stringent should have large-scale effects. implications for the pigment market. The industry is increasingly seeing a move towards higher performance pigments as an alternative to the commoditized pigments traditionally used due to their superior performance, improved economy of use and, more importantly, tighter regulations. In addition, the growth in the use of bio-based pigments, certified green pigments for compostable plastics, detectable NIR (near infrared) pigments for autonomous driving systems and reflective NIR pigments for cold coatings, hybrid pigments and alternatives to lead chromates, among others, are expected to be of greater importance in the medium term. The increase in pigment penetration due to the replacement of dyes in digital printing inks with pigments, the use of in-mold coloring, among others, coupled with the increase in pigment load due to growth powder coatings and building materials, will allow a gradual growth in demand. However, lower demand due to the preference for more recyclable transparent plastics, inkless printing and alternatives, is expected to weigh on growth prospects. This analysis indicates that the global pigments market is expected to register moderate to single-digit growth of around 2.8% in terms of volume over the period 2020 to 2027.
Author: Gautam Rashingkar
Read the full report: https://www.reportlinker.com/p06192556/?utm_source=GNW
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