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     354  0 Kommentare Global Pigments Market to Reach a Valuation US$31,983.6 mn by 2023; Rising Construction Activities in Emerging Economies to Keep Demand for Pigments High in Forthcoming Years - TMR

    ALBANY, New York, January 23, 2017 /PRNewswire/ --

    Featuring the presence of a large number of players, the global pigments market exhibits a highly competitive landscape. Due to its fragmented backdrop, no player in the market reports a high profit margin, Transparency Market Research finds in a new report. The top three players in the market, which include Altana AG, DIC Corporation, and BASF SE, together to hold a share of 30% in the market, TMR's analysis shows. Among the key participants, Altana AG has a strong global presence thanks to its operations across 100 countries. The company accounts for the dominant share of 11.2% in the global market.

    Owing to the presence of an integrated value chain, intense rivalry prevails among the leading participants in the global pigments market. As per TMR's research, there is a very little scope for this degree of competition to weaken during the forecast period between 2015 and 2023.

    Prospects in Asia Pacific Seem Lucrative as Emerging Economies Report Increasing Demand 

    The global pigments market is significantly gaining from the robust growth witnessed in the emerging economies of Asia Pacific such as India, Malaysia, Thailand, China, and Indonesia, and developed countries such as South Korea and Australia. Strong demand from end-use industries such as automotive and building and construction has been accelerating the market for pigments in Asia Pacific.

    In 2014, Asia Pacific emerged as the largest consumer of inorganic pigments, which accounted for the dominant share in the market by products. "Economic progress reported by the emerging economies of Asia Pacific has bolstered construction activities and infrastructural development in the region," says a TMR analyst. "The paints and coatings industry is substantially gaining from this trend. It will subsequently boost the scope for the expansion of the pigments market in the region," he added.

    Get Industry Research Report Sample for more Professional and Technical Industry Insights: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=905

    Demand from Paints and Coatings and Plastics Industry to Enable Pigments Market to Report Steady CAGR 

    Besides the paints and coatings industry, plastics are also considered major consumers of pigments. Augmented production and consumption of plastics worldwide thus provides lucrative opportunities for vendors to gain from. "Apart from improving esthetics and providing coloring effects, pigments also enhance the stability of plastics, thereby increasing their resistance to adverse weather conditions, which is a prime factor boosting their demand from the plastics industry," said the report's author.

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    Global Pigments Market to Reach a Valuation US$31,983.6 mn by 2023; Rising Construction Activities in Emerging Economies to Keep Demand for Pigments High in Forthcoming Years - TMR ALBANY, New York, January 23, 2017 /PRNewswire/ - Featuring the presence of a large number of players, the global pigments market exhibits a highly competitive landscape. Due to its fragmented backdrop, no player in the market reports a high profit …