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 - Seite 2

While the prospects for the pigments market seem steady worldwide, implementation of stringent regulations could negatively influence the market's trajectory. These regulations are aimed at curbing the effects of harmful emissions from pigments on the environment and health. Nevertheless, with the increasing use of nanotechnology in pigments, the market sees an attractive prospect to gain from in the near future.

Share of Inorganic Pigments to Remain High in Global Pigments Market 

Based on in-depth research, TMR projects the global pigments market to exhibit a moderate CAGR of 3.8% between 2015 and 2023. If the projection holds true, the global pigments market will reach US$31.98 bn by 2023, from a valuation of US$22.86 bn in 2014. Volume-wise the market is expected to report a CAGR of 2.9% during the forecast period. From a volume of 7,947.4 kilo tones in 2014, the market is expected to reach 10,279 kilo tons before 2023 ends.

By product, the inorganic pigments segment led the market in 2014, with a massive share of 90%. The segment is expected to continue dominating the market through the forecast period. Organic pigments followed with a meager share of 5% in the market the same year. Among key end users, the paints and coatings industry emerged dominant in the market, holding a share of 49.8% in 2014. Regionally, the global pigments market was dominated by Asia Pacific with a share of 44.2% in the same year. Europe and North America followed with a share of 23.9% and 20% in the market, respectively.

The information presented in this review is based on findings of a TMR report, titled "Pigments (Inorganic, Organic, and Specialty Pigments) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015-2023."

The report segments the global pigments market as:

By Product:

• Inorganic Pigments
• Organic Pigments
• Specialty Pigments

By End User:

• Paints & Coatings
• Printing Inks
• Plastics
• Construction Materials
• Other

By Geography:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Related Research Reports:  

• Metallic Pigments Market: http://www.transparencymarketresearch.com/metallic-pigments-market.html

• Aluminum Pigments Market: http://www.transparencymarketresearch.com/aluminum-pigments-market.html

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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.

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